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 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 | 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 |
Rental Revenue | 970.82 | 956.65 | 911.16 | 912 | 879.29 | 707.75 |
Property Management Fees | 39.76 | 40.24 | 41.42 | 36.54 | 34.17 | 31.21 |
Other Revenue | 137.15 | 128.68 | 116.15 | 107.88 | 145.04 | 108.88 |
| 1,148 | 1,126 | 1,069 | 1,056 | 1,059 | 847.84 | |
Revenue Growth (YoY | 3.35% | 5.32% | 1.17% | -0.20% | 24.85% | 24.80% |
Property Expenses | 339.21 | 321.11 | 291.75 | 270.28 | 270.86 | 231.1 |
Selling, General & Administrative | 99.38 | 94.96 | 85.66 | 81.54 | 77.02 | 68.81 |
Depreciation & Amortization | 239.04 | 258.15 | 205.7 | 201.24 | 310.61 | 232.05 |
Total Operating Expenses | 677.63 | 674.21 | 583.12 | 553.06 | 658.49 | 531.96 |
Operating Income | 470.09 | 451.36 | 485.61 | 503.36 | 400.01 | 315.88 |
Interest Expense | -125.27 | -119.07 | -94.89 | -97.21 | -97.18 | -86.62 |
Other Non-Operating Income | 0.61 | 2.72 | 1.16 | 6.28 | -10.36 | -10.82 |
EBT Excluding Unusual Items | 345.43 | 335.01 | 391.89 | 412.44 | 292.47 | 218.44 |
Gain (Loss) on Sale of Assets | 2.5 | - | - | - | - | 32.7 |
Other Unusual Items | -3.69 | -3.69 | - | - | - | -20.33 |
Pretax Income | 344.25 | 331.32 | 391.89 | 412.44 | 292.47 | 230.81 |
Earnings From Continuing Operations | 344.25 | 331.32 | 391.89 | 412.44 | 292.47 | 230.81 |
Minority Interest in Earnings | 1.28 | 2.47 | -0.71 | -1.68 | -1.21 | -7.33 |
Net Income | 345.52 | 333.78 | 391.18 | 410.76 | 291.26 | 223.48 |
Net Income to Common | 345.52 | 333.78 | 391.18 | 410.76 | 291.26 | 223.48 |
Net Income Growth | -3.21% | -14.67% | -4.77% | 41.03% | 30.33% | 34.94% |
Basic Shares Outstanding | 227 | 229 | 226 | 225 | 225 | 204 |
Diluted Shares Outstanding | 228 | 229 | 227 | 226 | 226 | 205 |
Shares Change | -0.60% | 0.89% | 0.40% | 0.16% | 10.18% | 5.16% |
EPS (Basic) | 1.52 | 1.46 | 1.73 | 1.82 | 1.29 | 1.10 |
EPS (Diluted) | 1.52 | 1.46 | 1.72 | 1.82 | 1.29 | 1.09 |
EPS Growth | -1.93% | -15.16% | -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 | 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 |
Dividend Per Share | 2.120 | 2.090 | 2.050 | 1.980 | 1.780 | 1.450 |
Dividend Growth | 1.92% | 1.95% | 3.54% | 11.24% | 22.76% | 9.02% |
Operating Margin | 40.96% | 40.10% | 45.44% | 47.65% | 37.79% | 37.26% |
Profit Margin | 30.10% | 29.65% | 36.60% | 38.88% | 27.52% | 26.36% |
EBITDA | 709.14 | 709.51 | 691.32 | 704.6 | 710.62 | 547.93 |
EBITDA Margin | 61.79% | 63.04% | 64.69% | 66.70% | 67.13% | 64.63% |
D&A For Ebitda | 239.04 | 258.15 | 205.7 | 201.24 | 310.61 | 232.05 |
EBIT | 470.09 | 451.36 | 485.61 | 503.36 | 400.01 | 315.88 |
EBIT Margin | 40.96% | 40.10% | 45.44% | 47.65% | 37.79% | 37.26% |
Funds From Operations (FFO) | 581.71 | 590.18 | 600.76 | 615.11 | 562.65 | 410.28 |
FFO Per Share | 2.54 | 2.56 | 2.63 | 2.70 | 2.47 | 1.93 |
Adjusted Funds From Operations (AFFO) | 584.93 | 593.32 | 600.76 | 609.44 | 574.47 | 448.61 |
AFFO Per Share | 2.56 | 2.58 | 2.63 | 2.68 | 2.53 | 2.11 |
FFO Payout Ratio | 82.65% | 80.71% | 76.86% | 71.89% | 68.80% | 66.74% |
Revenue as Reported | 1,145 | 1,123 | 1,066 | 1,050 | 1,010 | 822.56 |