CubeSmart (CUBE)

CubeSmart Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property, Plant & Equipment	6,427	6,088	6,002	6,097	6,152	4,561
Cash & Equivalents	108.39	71.56	6.53	6.06	11.14	3.59
Accounts Receivable	9.83	16.62	15.14	14.07	8.15	5.83
Other Receivables	18.52	18.87	18.05	15.95	15.42	13.13
Investment In Debt and Equity Securities	-	-	-	-	-	5
Other Intangible Assets	15.15	10.33	1.81	1.18	108.79	57.82
Loans Receivable Current	5	5	-	-	-	-
Restricted Cash	6.36	6.1	1.69	2.86	2.18	2.64
Other Current Assets	17.32	15.04	13.05	13.91	59.6	8.96
Deferred Long-Term Charges	1.78	2.73	4	5.18	2.32	3.28
Other Long-Term Assets	148.65	160.31	163.06	169.12	188.07	116.78
Total Assets	6,758	6,394	6,225	6,326	6,548	4,778
Current Portion of Long-Term Debt	341.29	-	-	-	-	-
Current Portion of Leases	-	4.75	-	-	-	-
Long-Term Debt	3,087	2,987	2,923	2,996	3,146	2,365
Long-Term Leases	65.61	110.89	116.04	114.42	119.82	119.19
Accounts Payable	246.16	179.61	151.1	165.72	145.97	105.55
Other Current Liabilities	119.68	119.6	115.82	112.96	99.92	68.3
Long-Term Unearned Revenue	42.72	38.92	38.48	38.76	37.14	29.09
Other Long-Term Liabilities	-	-	-	-	1.07	1.08
Total Liabilities	3,903	3,440	3,344	3,428	3,550	2,688
Common Stock	2.28	2.28	2.25	2.25	2.24	1.97
Additional Paid-In Capital	4,296	4,286	4,142	4,125	4,088	2,806
Retained Earnings	-1,516	-1,416	-1,345	-1,301	-1,218	-974.8
Comprehensive Income & Other	-0.27	-0.33	-0.41	-0.49	-0.57	-0.63
Total Common Equity	2,782	2,872	2,799	2,826	2,872	1,832
Minority Interest	72.8	82.01	81.98	71.6	126.82	258.05
Shareholders' Equity	2,855	2,954	2,881	2,898	2,998	2,090
Total Liabilities & Equity	6,758	6,394	6,225	6,326	6,548	4,778
Total Debt	3,494	3,102	3,039	3,111	3,266	2,484
Net Cash (Debt)	-3,386	-3,031	-3,032	-3,105	-3,254	-2,480
Net Cash Per Share	-14.79	-13.34	-13.40	-13.74	-15.87	-12.72
Filing Date Shares Outstanding	228.04	227.88	224.95	224.63	224	199.7
Total Common Shares Outstanding	228.04	227.76	224.92	224.6	223.92	197.41
Book Value Per Share	12.20	12.61	12.44	12.58	12.82	9.28
Tangible Book Value	2,767	2,862	2,797	2,825	2,763	1,774
Tangible Book Value Per Share	12.13	12.56	12.44	12.58	12.34	8.99
Land	1,707	1,646	1,595	1,588	1,565	1,094
Buildings	6,168	5,760	5,518	5,484	5,368	4,123
Construction In Progress	35.81	33.72	69.01	37.58	78.22	108.32

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q