CubeSmart (CUBE)
NYSE: CUBE · Real-Time Price · USD
40.99
-0.78 (-1.87%)
Aug 10, 2026, 4:00 PM EDT - Market closed
CubeSmart Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 332.35 | 331.32 | 391.89 | 412.44 | 292.47 | 230.81 |
Depreciation & Amortization | 254.48 | 263.12 | 209.77 | 205.38 | 314.51 | 240.22 |
Stock-Based Compensation | 12.44 | 11.54 | 11.49 | 10.09 | 9.08 | 8.09 |
Other Adjustments | 1.78 | 5.38 | 1.82 | -6.38 | -50.02 | -39.48 |
Changes in Other Operating Activities | -4.35 | -2.85 | 16.11 | -10.39 | 25.43 | 9.55 |
Operating Cash Flow | 597.88 | 608.51 | 631.07 | 611.14 | 591.47 | 449.19 |
Operating Cash Flow Growth | -2.60% | -3.57% | 3.26% | 3.33% | 31.67% | 27.96% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -65.98 | -122.52 | -115.94 | -109.8 | -154.6 | -256.04 |
Sale of Property, Plant & Equipment | - | - | 0.24 | 7.42 | 43.19 | 44.03 |
Purchases of Investments | -2.88 | -0.83 | -1.3 | -0.02 | -0.02 | -28.26 |
Cash Acquisitions | 451.14 | -451.14 | -57.18 | - | - | -1,679 |
Other Investing Activities | 2.8 | 3.16 | 0.45 | 8.34 | 62.66 | 66.59 |
Investing Cash Flow | -107.76 | -571.32 | -173.96 | -93.82 | -48.77 | -1,853 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | 1,243 | 1,404 | 697.04 | 794.45 | 633.95 | 906.57 |
Short-Term Debt Repaid | -1,158 | -1,025 | -715.14 | -837.25 | -782.95 | -814.47 |
Net Short-Term Debt Issued (Repaid) | 84.54 | 378.8 | -18.1 | -42.8 | -149 | 92.1 |
Long-Term Debt Issued | - | 443.95 | - | - | - | 1,043 |
Long-Term Debt Repaid | -109.21 | -409.19 | -32.34 | -32.59 | -2.43 | -387.26 |
Net Long-Term Debt Issued (Repaid) | -109.21 | 34.77 | -32.34 | -32.59 | -2.43 | 656.16 |
Issuance of Common Stock | 7.14 | 4.95 | 128.21 | 2.44 | 6.47 | 973.5 |
Repurchase of Common Stock | -114.5 | -38.83 | -1.04 | -0.82 | -1.4 | -0.88 |
Net Common Stock Issued (Repurchased) | -107.36 | -33.88 | 127.17 | 1.62 | 5.06 | 972.63 |
Common Dividends Paid | -479.83 | -476.31 | -461.77 | -442.22 | -387.11 | -273.84 |
Other Financing Activities | -13.28 | -8 | -2.7 | -1.97 | -13.62 | -36.48 |
Financing Cash Flow | -487.87 | -104.62 | -387.67 | -518.03 | -547.09 | 1,411 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 2.25 | -67.43 | 69.45 | -0.71 | -4.39 | 7.09 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 531.91 | 486 | 515.14 | 501.33 | 436.87 | 193.14 |
Free Cash Flow Growth | -0.67% | -5.66% | 2.75% | 14.75% | 126.19% | - |
FCF Margin | 46.82% | 43.27% | 48.31% | 47.73% | 43.27% | 23.48% |
Free Cash Flow Per Share | 2.33 | 2.12 | 2.27 | 2.22 | 1.93 | 0.94 |
Levered Free Cash Flow | 496.63 | 888.35 | 455 | 425.62 | 329.04 | 965.47 |
Unlevered Free Cash Flow | 636.9 | 586.65 | 593.06 | 582.46 | 536.47 | 284.32 |