CubeSmart (CUBE) — Financial statements
Income statement, balance sheet, and cash flow for CubeSmart — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,123↑5.3% | 1,066↑1.5% | 1,050↑4.0% | 1,010↑22.7% | 823 | |
| Cost of Revenue | 868↑173.1% | 318↑7.8% | 295↑0.5% | 293↑16.3% | 252 | |
| Gross Profit | 255↓65.9% | 748↓0.9% | 756↑5.5% | 716↑25.6% | 570 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 65↑8.4% | 60↑4.6% | 57↑4.4% | 55↑14.3% | 48 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 26 | 0.00↓100.0% | 22↑6.7% | 21 | |
| SG&A Expenses | 65↓24.5% | 86↑50.2% | 57↓25.9% | 77↑11.9% | 69 | |
| Other Expenses | -258↓243.7% | 180↓10.7% | 201↓30.2% | 288↑36.6% | 211 | |
| Operating Expenses | -193↓172.9% | 265↑2.7% | 258↓29.3% | 365↑30.5% | 280 | |
| Total Costs & Expenses | 674↑15.6% | 583↑5.4% | 553↓16.0% | 658↑23.8% | 532 | |
| Operating Results | ||||||
| Operating Income | 449↓7.1% | 483↓2.8% | 497↑41.6% | 351↑20.8% | 291 | |
| Depreciation & Amortization | 258↑25.5% | 206↑0.2% | 205↓33.9% | 311↑33.9% | 232 | |
| EBITDA | 704↑2.1% | 689↓3.1% | 711↑7.4% | 662↑26.6% | 523 | |
| EBIT | 445↓7.7% | 483↓4.5% | 506↑44.0% | 351↑20.8% | 291 | |
| Interest & Other Income | ||||||
| Net Interest Income | -114 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 114 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | 3↑749.5% | 0.41↑105.0% | -8 | 0.00 | 0.00 | |
| Other Income / Expenses | -118↓28.9% | -91↓7.5% | -85↓44.6% | -59↑1.9% | -60 | |
| Income Before Tax | 331↓15.5% | 392↓5.0% | 412↑41.0% | 292↑26.7% | 231 | |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 331↓15.5% | 392↓5.0% | 412↑41.0% | 292↑26.7% | 231 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 334↓14.7% | 391↓4.8% | 411↑41.0% | 291↑30.3% | 223 | |
| Bottom-Line Net Income | 334↓14.7% | 391↓4.8% | 411↑41.0% | 291↑30.3% | 223 | |
| EPS (Basic) | 1.46↓15.6% | 1.73↓4.9% | 1.82↑41.1% | 1.29↑17.3% | 1.10 | |
| EPS (Diluted) | 1.46↓15.1% | 1.72↓5.5% | 1.82↑41.1% | 1.29↑18.3% | 1.09 | |
| Weighted Average Shares | 229↑1.0% | 226↑0.4% | 225↑0.2% | 225↑10.3% | 204 | |
| Weighted Average Diluted Shares | 229↑0.9% | 227↑0.4% | 226↑0.2% | 226↑10.2% | 205 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.