CubeSmart financials
$37.39−1.14%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.12B | $1.07B | $1.05B | $1.01B | $822.6M | $679.2M | $643.9M | $597.9M | $558.9M | $510.0M |
| Gross profit | $771.7M | $748.5M | $755.6M | $716.4M | $570.5M | $455.5M | $434.2M | $401.1M | $376.1M | $337.6M |
| Gross margin | 68.7% | 70.2% | 71.9% | 71.0% | 69.4% | 67.1% | 67.4% | 67.1% | 67.3% | 66.2% |
| Operating income | $448.9M | $483.1M | $497.3M | $351.1M | $290.6M | $257.5M | $232.1M | $220.0M | $195.7M | $143.0M |
| Net income | $335.4M | $393.3M | $413.3M | $291.3M | $223.5M | $165.6M | $169.1M | $163.9M | $134.3M | $79.9M |
| Net margin | 29.9% | 36.9% | 39.3% | 28.8% | 27.2% | 24.4% | 26.3% | 27.4% | 24.0% | 15.7% |
| Diluted EPS | $1.46 | $1.72 | $1.82 | $1.29 | $1.09 | $0.85 | $0.88 | $0.88 | $0.74 | $0.45 |
| EBITDA | $712.0M | $692.9M | $702.7M | $665.6M | $530.8M | $416.8M | $398.4M | $365.7M | $344.0M | $307.4M |
| Operating cash flow | $608.5M | $631.1M | $611.1M | $591.5M | $449.2M | $351.0M | $331.8M | $304.3M | $291.9M | $263.3M |
| Free cash flow | $535.7M | $557.5M | $523.8M | $525.9M | $344.7M | $245.9M | $191.4M | $190.7M | $195.8M | $96.7M |
| Diluted shares | 229.2M | 227.2M | 226.2M | 225.9M | 205.0M | 194.9M | 191.6M | 185.5M | 181.4M | 179.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $5.8M | $71.6M | $6.5M | $6.1M | $11.1M | $3.6M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $3.47B | $3.05B | $2.99B | $3.06B | $3.21B | $2.43B |
| Total assets | $6.64B | $6.39B | $6.23B | $6.33B | $6.55B | $4.78B |
| Total liabilities | $3.86B | $3.44B | $3.34B | $3.43B | $3.55B | $2.69B |
| Shareholders' equity | $2.75B | $2.90B | $2.82B | $2.84B | $2.89B | $1.84B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology