CubeSmart Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	2018 - 2002
Net Income	407.72	410.76	291.26	223.48	165.62	169.12	Upgrade
Depreciation & Amortization	205.76	205.38	314.51	240.22	159.25	166.37	Upgrade
Share-Based Compensation	10.38	10.09	9.08	8.09	7.14	6.69	Upgrade
Other Operating Activities	1.92	-15.09	-23.39	-22.6	19.03	-10.41	Upgrade
Operating Cash Flow	625.78	611.14	591.47	449.19	351.03	331.77	Upgrade
Operating Cash Flow Growth	4.74%	3.33%	31.68%	27.96%	5.81%	9.01%	Upgrade
Capital Expenditures	-116.25	-109.57	-111.4	-212.02	-510.67	-254.54	Upgrade
Acquisitions	5.15	8.32	62.64	-1,640.65	-0.78	-121.13	Upgrade
Other Investing Activities	7.42	7.42	-	-	-	-	Upgrade
Investing Cash Flow	-103.68	-93.82	-48.77	-1,852.67	-511.44	-375.66	Upgrade
Dividends Paid	-446.98	-442.22	-387.11	-273.84	-256.25	-243.86	Upgrade
Share Issuance / Repurchase	1.81	2.44	6.47	973.5	121.69	199.99	Upgrade
Debt Issued / Paid	-75.41	-75.39	-151.43	728.24	249.96	185.31	Upgrade
Other Financing Activities	-2.7	-2.86	-15.03	-17.33	-7.2	-45.59	Upgrade
Financing Cash Flow	-523.27	-518.03	-547.09	1,411	108.2	95.86	Upgrade
Net Cash Flow	-1.17	-0.71	-4.39	7.09	-52.21	51.96	Upgrade
Free Cash Flow	509.53	501.57	480.06	237.17	-159.63	77.23	Upgrade
Free Cash Flow Growth	8.66%	4.48%	102.41%	-	-	-	Upgrade
Free Cash Flow Margin	48.29%	47.75%	47.55%	28.83%	-23.50%	11.99%	Upgrade
Free Cash Flow Per Share	2.26	2.23	2.13	1.16	-0.82	0.41	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).