CubeSmart (CUBE)
NYSE: CUBE · Real-Time Price · USD
40.99
-0.78 (-1.87%)
Aug 10, 2026, 4:00 PM EDT - Market closed
CubeSmart Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
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 |
Property Revenue | 1,097 | 1,083 | 1,025 | 1,014 | 975.46 | 791.36 |
Service and Other Revenue | 39.55 | 40.24 | 41.42 | 36.54 | 34.17 | 31.21 |
| 1,136 | 1,123 | 1,066 | 1,050 | 1,010 | 822.56 | |
Revenue Growth | 3.86% | 5.33% | 1.51% | 4.03% | 22.74% | 21.11% |
Property Expenses | 365.53 | 351.41 | 317.75 | 294.78 | 293.26 | 252.1 |
Total Property Expenses | 365.53 | 351.41 | 317.75 | 294.78 | 293.26 | 252.1 |
Gross Profit | 770.66 | 771.71 | 748.48 | 755.55 | 716.36 | 570.46 |
Selling, General & Admin | 68.13 | 64.66 | 59.66 | 57.04 | 54.62 | 47.81 |
Depreciation & Amortization Expenses | 249.78 | 258.15 | 205.7 | 201.24 | 310.61 | 232.05 |
Operating Income | 452.75 | 448.9 | 483.12 | 497.28 | 351.13 | 290.6 |
Net Gains on Disposal of Properties | 2.5 | - | - | - | - | 32.7 |
Interest Income | 2.7 | 2.46 | 2.5 | 6.09 | 48.88 | 25.28 |
Interest Expense | -123.78 | -119.07 | -94.89 | -97.21 | -97.18 | -86.62 |
Other Non-Operating Income (Expense) | 1.87 | -0.97 | 1.16 | 6.28 | -10.36 | -31.15 |
Total Non-Operating Income (Expense) | -116.71 | -117.58 | -91.23 | -84.84 | -58.66 | -59.79 |
Pretax Income | 336.04 | 331.32 | 391.89 | 412.44 | 292.47 | 230.81 |
Net Income | 332.35 | 331.32 | 391.89 | 412.44 | 292.47 | 230.81 |
Minority Interest in Earnings | -4.79 | -5.72 | -3.61 | -3.39 | -2.65 | -8.42 |
Net Income to Common | 337.14 | 337.03 | 395.5 | 415.83 | 295.13 | 223.48 |
Net Income Growth | -10.98% | -14.78% | -4.89% | 40.90% | 32.06% | 34.94% |
Shares Outstanding (Basic) | 228 | 229 | 226 | 225 | 225 | 204 |
Shares Outstanding (Diluted) | 228 | 229 | 227 | 226 | 226 | 205 |
Shares Change | -2.48% | 0.89% | 0.40% | 0.16% | 10.18% | 5.16% |
EPS (Basic) | 1.46 | 1.46 | 1.73 | 1.82 | 1.29 | 1.10 |
EPS (Diluted) | 1.46 | 1.46 | 1.72 | 1.82 | 1.29 | 1.09 |
EPS Growth | -12.57% | -15.12% | -5.50% | 41.09% | 18.35% | 28.23% |
Additional Metrics
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% | - |
Free Cash Flow Per Share | 2.33 | 2.12 | 2.27 | 2.22 | 1.93 | 0.94 |
Dividends Per Share | 2.110 | 2.090 | 2.050 | 1.980 | 1.780 | 1.450 |
Dividend Growth | 1.93% | 1.95% | 3.54% | 11.24% | 22.76% | 9.02% |
Gross Margin | 67.83% | 68.71% | 70.20% | 71.93% | 70.95% | 69.35% |
Operating Margin | 39.85% | 39.97% | 45.31% | 47.34% | 34.78% | 35.33% |
Profit Margin | 29.25% | 29.50% | 36.75% | 39.27% | 28.97% | 28.06% |
FCF Margin | 46.82% | 43.27% | 48.31% | 47.73% | 43.27% | 23.48% |
EBITDA | 707.23 | 712.02 | 692.89 | 702.65 | 665.64 | 530.82 |
EBITDA Margin | 62.25% | 63.40% | 64.98% | 66.90% | 65.93% | 64.53% |
EBIT | 452.75 | 448.9 | 483.12 | 497.28 | 351.13 | 290.6 |
EBIT Margin | 39.85% | 39.97% | 45.31% | 47.34% | 34.78% | 35.33% |