CubeSmart (CUBE)
NYSE: CUBE · Real-Time Price · USD
42.93
+0.26 (0.61%)
At close: May 12, 2025, 4:00 PM
42.95
+0.02 (0.05%)
After-hours: May 12, 2025, 5:29 PM EDT
CubeSmart Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
| Rental Revenue | 918.74 | 911.16 | 912 | 879.29 | 707.75 | 581.01 | Upgrade
|
| Property Management Fees | 42.03 | 41.42 | 36.54 | 34.17 | 31.21 | 27.45 | Upgrade
|
| Other Revenue | 119.13 | 116.15 | 106.4 | 145.04 | 108.88 | 70.9 | Upgrade
|
| Total Revenue | 1,080 | 1,069 | 1,055 | 1,059 | 847.84 | 679.36 | Upgrade
|
| Revenue Growth (YoY | 1.89% | 1.31% | -0.34% | 24.85% | 24.80% | 3.71% | Upgrade
|
| Property Expenses | 297.65 | 291.75 | 270.28 | 270.86 | 231.1 | 206.73 | Upgrade
|
| Selling, General & Administrative | 86.11 | 85.66 | 81.54 | 77.02 | 68.81 | 58.32 | Upgrade
|
| Depreciation & Amortization | 214.14 | 205.7 | 201.24 | 310.61 | 232.05 | 156.57 | Upgrade
|
| Total Operating Expenses | 597.9 | 583.12 | 553.06 | 658.49 | 531.96 | 421.63 | Upgrade
|
| Operating Income | 482 | 485.61 | 501.88 | 400.01 | 315.88 | 257.73 | Upgrade
|
| Interest Expense | -98.26 | -94.89 | -97.21 | -97.18 | -86.62 | -78.56 | Upgrade
|
| Other Non-Operating Income | 2.03 | 1.16 | 6.48 | -10.36 | -10.82 | -0.24 | Upgrade
|
| EBT Excluding Unusual Items | 385.77 | 391.89 | 411.16 | 292.47 | 218.44 | 178.92 | Upgrade
|
| Gain (Loss) on Sale of Investments | - | - | 1.48 | - | - | - | Upgrade
|
| Gain (Loss) on Sale of Assets | - | - | -0.2 | - | 32.7 | 6.71 | Upgrade
|
| Other Unusual Items | - | - | - | - | -20.33 | -18.02 | Upgrade
|
| Pretax Income | 385.77 | 391.89 | 412.44 | 292.47 | 230.81 | 167.61 | Upgrade
|
| Earnings From Continuing Operations | 385.77 | 391.89 | 412.44 | 292.47 | 230.81 | 167.61 | Upgrade
|
| Net Income to Company | 385.77 | 391.89 | 412.44 | 292.47 | 230.81 | 167.61 | Upgrade
|
| Minority Interest in Earnings | 0.08 | -0.71 | -1.68 | -1.21 | -7.33 | -1.99 | Upgrade
|
| Net Income | 385.85 | 391.18 | 410.76 | 291.26 | 223.48 | 165.62 | Upgrade
|
| Net Income to Common | 385.85 | 391.18 | 410.76 | 291.26 | 223.48 | 165.62 | Upgrade
|
| Net Income Growth | -5.36% | -4.77% | 41.03% | 30.33% | 34.94% | -2.07% | Upgrade
|
| Basic Shares Outstanding | 227 | 226 | 225 | 225 | 204 | 194 | Upgrade
|
| Diluted Shares Outstanding | 228 | 227 | 226 | 226 | 205 | 195 | Upgrade
|
| Shares Change (YoY) | 0.65% | 0.40% | 0.16% | 10.18% | 5.16% | 1.76% | Upgrade
|
| EPS (Basic) | 1.70 | 1.73 | 1.82 | 1.29 | 1.10 | 0.85 | Upgrade
|
| EPS (Diluted) | 1.69 | 1.72 | 1.82 | 1.29 | 1.09 | 0.85 | Upgrade
|
| EPS Growth | -6.53% | -5.50% | 41.09% | 18.35% | 28.23% | -3.41% | Upgrade
|
| Dividend Per Share | 2.060 | 2.050 | 1.980 | 1.780 | 1.450 | 1.330 | Upgrade
|
| Dividend Growth | 3.00% | 3.54% | 11.24% | 22.76% | 9.02% | 3.10% | Upgrade
|
| Operating Margin | 44.63% | 45.44% | 47.57% | 37.79% | 37.26% | 37.94% | Upgrade
|
| Profit Margin | 35.73% | 36.60% | 38.94% | 27.52% | 26.36% | 24.38% | Upgrade
|
| EBITDA | 696.14 | 691.32 | 703.12 | 710.62 | 547.93 | 414.3 | Upgrade
|
| EBITDA Margin | 64.46% | 64.69% | 66.65% | 67.13% | 64.63% | 60.98% | Upgrade
|
| D&A For Ebitda | 214.14 | 205.7 | 201.24 | 310.61 | 232.05 | 156.57 | Upgrade
|
| EBIT | 482 | 485.61 | 501.88 | 400.01 | 315.88 | 257.73 | Upgrade
|
| EBIT Margin | 44.63% | 45.44% | 47.57% | 37.79% | 37.26% | 37.94% | Upgrade
|
| Funds From Operations (FFO) | 602.5 | 600.76 | 615.11 | - | - | - | Upgrade
|
| FFO Per Share | 2.63 | 2.63 | 2.70 | - | - | - | Upgrade
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| Adjusted Funds From Operations (AFFO) | - | 600.76 | 609.44 | - | - | - | Upgrade
|
| AFFO Per Share | - | 2.63 | 2.68 | - | - | - | Upgrade
|
| FFO Payout Ratio | 77.27% | 76.86% | 71.89% | - | - | - | Upgrade
|
| Revenue as Reported | 1,078 | 1,066 | 1,050 | 1,010 | 822.56 | 679.18 | Upgrade
|
Updated May 1, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.