CubeSmart (CUBE)

CubeSmart Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property, Plant & Equipment	6,088	6,002	6,097	6,152	4,561
Cash & Equivalents	71.56	6.53	6.06	11.14	3.59
Accounts Receivable	16.62	15.14	14.07	8.15	5.83
Other Receivables	18.87	18.05	15.95	15.42	13.13
Investment In Debt and Equity Securities	-	-	-	-	5
Other Intangible Assets	10.33	1.81	1.18	108.79	57.82
Loans Receivable Current	5	-	-	-	-
Restricted Cash	6.1	1.69	2.86	2.18	2.64
Other Current Assets	15.04	13.05	13.91	59.6	8.96
Deferred Long-Term Charges	2.73	4	5.18	2.32	3.28
Other Long-Term Assets	160.31	163.06	169.12	188.07	116.78
Total Assets	6,394	6,225	6,326	6,548	4,778
Current Portion of Leases	4.75	-	-	-	-
Long-Term Debt	2,987	2,923	2,996	3,146	2,365
Long-Term Leases	110.89	116.04	114.42	119.82	119.19
Accounts Payable	179.61	151.1	165.72	145.97	105.55
Other Current Liabilities	119.6	115.82	112.96	99.92	68.3
Long-Term Unearned Revenue	38.92	38.48	38.76	37.14	29.09
Other Long-Term Liabilities	-	-	-	1.07	1.08
Total Liabilities	3,440	3,344	3,428	3,550	2,688
Common Stock	2.28	2.25	2.25	2.24	1.97
Additional Paid-In Capital	4,286	4,142	4,125	4,088	2,806
Retained Earnings	-1,416	-1,345	-1,301	-1,218	-974.8
Comprehensive Income & Other	-0.33	-0.41	-0.49	-0.57	-0.63
Total Common Equity	2,872	2,799	2,826	2,872	1,832
Minority Interest	82.01	81.98	71.6	126.82	258.05
Shareholders' Equity	2,954	2,881	2,898	2,998	2,090
Total Liabilities & Equity	6,394	6,225	6,326	6,548	4,778
Total Debt	3,102	3,039	3,111	3,266	2,484
Net Cash / Debt	-3,031	-3,032	-3,105	-3,254	-2,480
Net Cash Per Share	-13.34	-13.40	-13.74	-15.87	-12.72
Filing Date Shares Outstanding	227.88	224.95	224.63	224	199.7
Total Common Shares Outstanding	227.76	224.92	224.6	223.92	197.41
Book Value Per Share	12.61	12.44	12.58	12.82	9.28
Tangible Book Value	2,862	2,797	2,825	2,763	1,774
Tangible Book Value Per Share	12.56	12.44	12.58	12.34	8.99
Land	1,646	1,595	1,588	1,565	1,094
Buildings	5,760	5,518	5,484	5,368	4,123
Construction In Progress	33.72	69.01	37.58	78.22	108.32

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q