CubeSmart (CUBE)
NYSE: CUBE · Real-Time Price · USD
45.00
-0.02 (-0.04%)
At close: Nov 9, 2026, 4:00 PM EST
44.86
-0.14 (-0.31%)
Pre-market: Nov 10, 2026, 4:09 AM EST
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 | Sep '26 Sep 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 | 345.52 | 333.78 | 391.18 | 410.76 | 291.26 | 223.48 |
Depreciation & Amortization | 239.04 | 258.15 | 205.7 | 201.24 | 310.61 | 232.05 |
Other Amortization | 4.49 | 4.97 | 4.07 | 4.14 | 3.9 | 8.17 |
Gain (Loss) on Sale of Assets | -2.5 | - | - | - | - | -32.7 |
Stock-Based Compensation | 12.51 | 11.54 | 11.49 | 10.09 | 9.08 | 8.09 |
Income (Loss) on Equity Investments | 1.24 | 1.51 | 2.16 | -0.62 | -48.88 | -25.28 |
Change in Accounts Payable | 3.16 | 2.48 | 24.03 | 0.1 | 20.4 | 14.87 |
Change in Other Net Operating Assets | -5.74 | -5.33 | -7.91 | -10.49 | 5.03 | -5.32 |
Other Operating Activities | 3.06 | 1.41 | 0.36 | -4.08 | 0.07 | 25.82 |
Operating Cash Flow | 600.77 | 608.51 | 631.07 | 611.14 | 591.47 | 449.19 |
Operating Cash Flow Growth | -5.64% | -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 | Sep '26 Sep 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 |
Acquisition of Real Estate Assets | -121.35 | -122.52 | -115.94 | -109.8 | -154.6 | -256.04 |
Sale of Real Estate Assets | 2.98 | - | - | 0.24 | 43.19 | 44.03 |
Net Sale / Acq. of Real Estate Assets | -118.36 | -122.52 | -115.94 | -109.57 | -111.4 | -212.02 |
Cash Acquisition | - | -451.14 | -57.18 | - | - | -1,679 |
Investment in Marketable & Equity Securities | 0.46 | 2.34 | 4.15 | 8.32 | 62.64 | 38.33 |
Other Investing Activities | 5 | - | -5 | 7.42 | - | - |
Investing Cash Flow | -112.91 | -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 | Sep '26 Sep 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 |
Long-Term Debt Issued | - | 1,848 | 697.04 | 794.45 | 633.95 | 1,950 |
Long-Term Debt Repaid | - | -1,434 | -747.48 | -869.84 | -785.38 | -1,202 |
Net Debt Issued (Repaid) | 100.81 | 413.57 | -50.44 | -75.39 | -151.43 | 748.26 |
Issuance of Common Stock | 8.38 | 5.41 | 128.21 | 2.72 | 6.47 | 973.5 |
Repurchase of Common Stock | -196.11 | -35.57 | - | - | -1.4 | -0.88 |
Common Dividends Paid | -480.79 | -476.31 | -461.77 | -442.22 | -387.11 | -273.84 |
Total Dividends Paid | -480.79 | -476.31 | -461.77 | -442.22 | -387.11 | -273.84 |
Other Financing Activities | -18.82 | -11.71 | -3.67 | -3.13 | -13.62 | -36.48 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | -98.66 | -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 | Sep '26 Sep 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 |
Levered Free Cash Flow | 483.49 | 492.74 | 484.05 | 456.41 | 584.21 | 408.85 |
Unlevered Free Cash Flow | 557.3 | 562.19 | 539.29 | 513.02 | 641.05 | 454.81 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Cash Interest Paid | 116.47 | 106.83 | 92.61 | 95.5 | 92.29 | 79.15 |
Change in Working Capital | -2.59 | -2.85 | 16.11 | -10.39 | 25.43 | 9.55 |