CUBE - NYSE

CubeSmart

CUBE·NYSE

$39.59

-0.50%

Real EstateREIT - Industrial

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$9.01B

EPS1.4600

P/E Ratio27.12

Earnings Date07/30/2026

1.12B

Revenue

3Y+11.0%

5Y+65.0%

10Y+120.0%

333.78M

Net Income

-15%

3Y+15.0%

5Y+102.0%

10Y+280.0%

611.67M

Operating Cash Flow

-3%

3Y+3.0%

5Y+74.0%

10Y+132.0%

CubeSmart Profit Bridge

CUBE · NYSE

Revenue & Cost of Sales

Revenue1.12B

Cost of Goods Sold (867.71M)

Gross Profit255.40M

Operating Expenses

Operating Expenses (-193.50M)

Operating Income448.90M

Other Income & Taxes

Interest Expense (114.10M)

Other Income/Expense-117.58M

Pretax Income331.32M

Income Tax (0.00)

Net Income333.78M

Net Income

333.78M

Profitability Analysis

Gross Margin

22.7%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

40.0%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

29.7%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

0.0%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

CubeSmart Income Statement

CUBE • NYSE

CubeSmart Income Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
REVENUE
Revenue	1.1B	1.1B	1.1B	1B	822.6M	679.4M	655M	597.9M	558.9M	510M	444.5M	377M	318.4M	283.1M	237.6M	216.8M	217.3M	236.4M	229.2M	213.1M
GROSS PROFIT
Cost of Revenue	(867.7M)	(317.8M)	(294.8M)	(293.3M)	(252.1M)	(206.7M)	(198.2M)	(196.9M)	(181.5M)	(165.8M)	(153.2M)	(132.7M)	(118.2M)	(110.8M)	(99.2M)	(93.7M)	(93.9M)	(99.2M)	(59K)	(69K)
Gross Profit	255.4M	748.5M	755.6M	716.4M	570.5M	472.6M	456.8M	401.1M	377.4M	344.2M	291.3M	244.3M	200.2M	172.3M	138.4M	123.1M	123.3M	137.2M	229.1M	213M
OPERATING INCOME
Operating Expenses	-193.5M	(265.4M)	(258.3M)	(365.2M)	(279.9M)	(58.3M)	(50.1M)	(181.1M)	(180.4M)	(194.7M)	(180.2M)	(155.2M)	(141.9M)	(140M)	(92.9M)	(88.4M)	(93.4M)	(50.5M)	(190.7M)	(172M)
Selling, General & Administrative	(64.7M)	(85.7M)	(57M)	(77M)	(68.8M)	(58.3M)	(50.1M)	(48M)	(44.4M)	(42.2M)	(37M)	(36.1M)	(37.2M)	(26.1M)	(24.7M)	(25.4M)	(22.6M)	(25M)	(22M)	(22.3M)
Operating Income	448.9M	483.1M	497.3M	351.1M	290.6M	414.3M	406.7M	220M	195.7M	143M	107.9M	81.5M	58.3M	32.3M	45.5M	34.8M	29.9M	34.7M	38.5M	39.2M
PRE-TAX INCOME
Interest Expense	(114.1M)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(72.5M)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(38.2M)	(44.3M)	(47.6M)	(52M)	(55.9M)	(0.0)
Net Interest Income	-114.1M	0.0	0.0	0.0	0.0	0.0	-75.3M	0.0	0.0	0.0	0.0	0.0	0.0	43.6M	-37.8M	-44.3M	-46.9M	-53.8M	-55.5M	0.0
Other Expenses	-258.2M	(179.7M)	(201.2M)	(288.2M)	(211M)	(0.0)	(0.0)	(206K)	(872K)	(1.1M)	-228K	-405K	(8K)	(256K)	(68.2M)	(62.9M)	(70.8M)	(122.8M)	(168.7M)	(149.7M)
Total Other Income Expenses Net	-117.6M	-91.2M	-84.8M	-58.7M	-59.8M	-246.7M	-236M	-54.5M	-60.1M	-54.6M	-29.1M	-55.2M	-44M	-32.1M	-41.8M	-39.5M	-30.9M	-31.9M	-55.4M	-47M
Income Before Tax	331.3M	391.9M	412.4M	292.5M	230.8M	167.6M	170.8M	165.5M	135.6M	88.4M	78.8M	26.4M	10.4M	-8.3M	-5.1M	-9.9M	-937K	2.8M	-13.1M	-8.6M
NET INCOME
Income Tax Expense	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(40.1M)	(8.2M)	(37.1M)	(45.6M)	(42.2M)	(30.9M)	(83.9M)	(0.0)	(49.6M)
Net Income	333.8M	391.2M	410.8M	291.3M	223.5M	165.6M	169.1M	163.9M	134.3M	87.9M	77.7M	26.4M	41.4M	1.8M	-398K	-7.4M	-937K	2.8M	-13.1M	-8.6M

SEC Filings

CUBE - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	June 01, 2026	June 01, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 19, 2026	May 19, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 14, 2026	May 14, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 04, 2026	May 04, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 01, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 01, 2026	April 30, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 03, 2026	May 19, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 02, 2026	March 02, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 02, 2026	March 02, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 27, 2026	December 31, 2025	2025	View Filing

Showing 1 to 10 of 444 filings

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