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CubeSmart (CUBE)
NYSE: CUBE · Real-Time Price · USD
48.31
-0.67 (-1.37%)
Nov 20, 2024, 4:00 PM EST - Market open

CubeSmart Revenue by Segment
Period Ending Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016
Rental Income
912.97M 914.49M 913.61M 912.00M 909.91M 904.28M 894.50M 879.29M
Rental Income Growth
0.34% 1.13% 2.14% 3.72% 7.83% 13.12% 18.69% 24.24%
Other Property Related Income
110.33M 106.92M 103.73M 101.79M 100.41M 100.17M 98.27M 96.17M
Other Property Related Income Growth
9.89% 6.74% 5.55% 5.85% 8.02% 12.27% 13.50% 15.02%
Property Management Fee Income
40.32M 39.21M 37.88M 36.54M 35.88M 35.28M 34.82M 34.17M
Property Management Fee Income Growth
12.39% 11.13% 8.81% 6.94% 6.31% 6.71% 8.59% 9.49%

FFO and AFFO
Period Ending Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016Sep 30, 2016
FFO
609.44M 610.46M 614.00M 615.11M 603.69M 598.10M 587.68M 562.65M
FFO Growth
0.95% 2.07% 4.48% 9.32% 21.07% 27.64% 35.17% 37.14%
AFFO
603.77M 604.79M 608.33M 609.44M 603.38M 599.36M 590.09M 574.47M
AFFO Growth
0.07% 0.91% 3.09% 6.09% 10.00% 15.96% 22.41% 28.06%

Operating Metrics

Period Ending Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016
Third-Party Managed Store Count
893.00 879.00 860.00 795.00 763.00 727.00 676.00 668.00
Third-Party Managed Store Count Growth
17.04% 20.91% 27.22% 19.01% 15.08% 6.91% 1.81% 2.61%
Total Stores
615.00 615.00 613.00 611.00 611.00 611.00 611.00 611.00
Total Stores Growth
0.65% 0.65% 0.33% - - 0.33% 0.49% 0.66%
Same-Store Occupancy Rate
90.80% 91.50% 90.20% 90.80% 92.10% 92.70% 91.50% 92.80%
Realized Annual Rent Per Occupied Square Foot
23.05 22.46 22.66 23.12 23.03 22.30 22.39 22.47
Realized Annual Rent Per Occupied Square Foot Growth
0.09% 0.72% 1.21% 2.89% 3.83% 5.84% 8.16% 9.99%

Operating Expense Breakdown
Period Ending Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016
Property Operating Expenses
313.29M 308.97M 300.69M 294.78M 295.99M 295.17M 293.82M 293.26M
Property Operating Expenses Growth
5.85% 4.67% 2.34% 0.52% 4.28% 8.85% 12.38% 16.33%
Depreciation and Amortization
203.53M 202.30M 201.63M 201.24M 220.11M 249.69M 278.38M 310.61M
Depreciation and Amortization Growth
-7.53% -18.98% -27.57% -35.21% -28.86% -12.60% 6.74% 33.86%
General and Administrative
58.85M 58.29M 57.99M 57.04M 56.04M 55.37M 54.77M 54.62M
General and Administrative Growth
5.02% 5.27% 5.88% 4.43% -1.47% 3.34% 6.52% 14.25%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.