CUBE
CubeSmart
NYSE · Real Estate · REIT - Industrial · US
$45.19
+2.10%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 1.1B | 1.1B | 1.1B | 1.1B | 1.0B |
| Cost of Revenue | 943.2M | 867.7M | 317.8M | 294.8M | 293.3M |
| Gross Profit | 201.9M | 255.4M | 748.5M | 755.6M | 716.4M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 90.2M | 64.7M | 85.7M | 57.0M | 77.0M |
| General & Admin Expense | 85.3M | 64.7M | 59.7M | 57.0M | 54.6M |
| Selling & Marketing Expense | 4.9M | — | 26.0M | — | 22.4M |
| Other Expenses | (355.7M) | (258.2M) | 179.7M | 201.2M | 288.2M |
| Total Operating Expenses | (265.5M) | (193.5M) | 265.4M | 258.3M | 365.2M |
| Cost and Expenses | 677.6M | 674.2M | 583.1M | 553.1M | 658.5M |
| Operating Income (EBIT) | 467.4M | 448.9M | 483.1M | 497.3M | 351.1M |
| Non-Operating | |||||
| Interest Income | — | — | — | — | — |
| Interest Expense | 124.0M | 114.1M | — | — | — |
| Net Interest Income | (124.0M) | (114.1M) | — | — | — |
| Other Non-Op Income/Expense | (123.2M) | (117.6M) | (91.2M) | (84.8M) | (58.7M) |
| Non-Operating Income (excl Interest) | (821.0K) | 3.5M | 410.0K | (8.2M) | 58.7M |
| EBT (Pre-Tax Income) | 344.4M | 331.3M | 391.9M | 412.4M | 292.5M |
| Income Tax Expense | — | — | — | — | — |
| Bottom Line | |||||
| Net Income | 345.5M | 333.8M | 391.2M | 410.8M | 291.3M |
| Earnings from Cont. Ops | 344.4M | 331.3M | 391.9M | 412.4M | 292.5M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 345.5M | 333.8M | 391.2M | 410.8M | 291.3M |
| Per Share | |||||
| Basic EPS | $1.52 | $1.46 | $1.73 | $1.82 | $1.29 |
| Diluted EPS | $1.51 | $1.46 | $1.72 | $1.82 | $1.29 |
| Revenue Per Share | $5.07 | $4.91 | $4.71 | $4.66 | $4.49 |
| Shares | |||||
| Basic Shares Outstanding | 225.6M | 228.7M | 226.4M | 225.4M | 224.9M |
| Diluted Shares Outstanding | 226.1M | 229.2M | 227.2M | 226.2M | 225.9M |
| Profitability Metrics | |||||
| EBITDA | 710.7M | 703.6M | 692.5M | 710.9M | 607.0M |
| D&A | 242.5M | 258.2M | 209.8M | 205.4M | 314.5M |
| EBIT | 468.3M | 445.4M | 482.7M | 505.5M | 292.5M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026