CubeSmart Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 2002
Net Income	410.76	291.26	223.48	165.62	169.12	163.89	134.29	79.92	71.7	20.37	Upgrade
Depreciation & Amortization	205.38	314.51	240.22	159.25	166.37	145.66	148.32	164.44	154.11	129	Upgrade
Share-Based Compensation	10.09	9.08	8.09	7.14	6.69	5.57	5.59	4.85	3.72	1.74	Upgrade
Other Operating Activities	-15.09	-23.39	-22.6	19.03	-10.41	-10.79	3.72	6.08	-18.28	8.92	Upgrade
Operating Cash Flow	611.14	591.47	449.19	351.03	331.77	304.34	291.91	263.27	217.27	166.03	Upgrade
Operating Cash Flow Growth	3.33%	31.68%	27.96%	5.81%	9.01%	4.26%	10.88%	21.17%	30.86%	16.22%	Upgrade
Capital Expenditures	-109.57	-111.4	-212.02	-510.67	-254.54	-311.75	-165.79	-555.23	-372.7	-577.57	Upgrade
Acquisitions	8.32	62.64	-1,640.65	-0.78	-121.13	-10.51	15.48	-4.06	-1.98	54.35	Upgrade
Other Investing Activities	7.42	-	-	-	-	-	-	-	0.07	0.53	Upgrade
Investing Cash Flow	-93.82	-48.77	-1,852.67	-511.44	-375.66	-322.26	-150.3	-559.29	-374.61	-522.7	Upgrade
Dividends Paid	-442.22	-387.11	-273.84	-256.25	-243.86	-221.33	-195.01	-149.28	-107.09	-75.85	Upgrade
Share Issuance / Repurchase	2.44	6.47	973.5	121.69	199.99	135.67	32.01	149.41	251.55	429.81	Upgrade
Debt Issued / Paid	-75.39	-151.43	728.24	249.96	185.31	104.01	32.93	304.55	86.43	9.25	Upgrade
Other Financing Activities	-2.86	-15.03	-17.33	-7.2	-45.59	-3.1	-13.25	-85.27	-13.59	-6.82	Upgrade
Financing Cash Flow	-518.03	-547.09	1,411	108.2	95.86	15.25	-143.32	219.41	217.3	356.39	Upgrade
Net Cash Flow	-0.71	-4.39	7.09	-52.21	51.96	-2.68	-1.71	-76.6	59.97	-0.28	Upgrade
Free Cash Flow	501.57	480.06	237.17	-159.63	77.23	-7.41	126.13	-291.95	-155.42	-411.54	Upgrade
Free Cash Flow Growth	4.48%	102.41%	-	-	-	-	-	-	-	-	Upgrade
Free Cash Flow Margin	47.75%	47.55%	28.83%	-23.50%	11.99%	-1.24%	22.57%	-57.24%	-34.96%	-109.17%	Upgrade
Free Cash Flow Per Share	2.23	2.13	1.16	-0.82	0.41	-0.04	0.70	-1.64	-0.92	-2.76	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).