CubeSmart (CUBE) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 6.6B | 6.64B | 6.76B | 6.71B | 6.74B | 6.39B | 6.19B | 6.18B | 6.21B | 6.23B | 6.23B | 6.28B | 6.29B | 6.33B | 6.37B | 6.43B | 6.46B | 6.55B | 4.84B | 4.77B |
| Asset Growth % | -2.11% | 3.89% | 9.13% | 8.49% | 8.56% | 2.72% | -0.65% | -1.54% | -1.31% | -1.59% | -2.17% | -2.3% | -2.64% | -3.39% | 31.74% | 34.74% | 35.9% | 37.04% | 20.04% | 18.56% |
| Real Estate & Other Assets | 0 | 93.01M | 6.39B | 6.42B | 6.45B | 6.05B | 5.89B | 5.92B | 5.95B | 5.96B | 5.97B | 6.01B | 6.03B | 6.06B | 6.09B | 6.1B | 6.11B | 6.11B | 4.54B | 4.52B |
| PP&E (Net) | 0 | 48.42M | 48.67M | 48.92M | 49.17M | 49.44M | 49.68M | 49.93M | 50.18M | 50.48M | 50.1M | 50.39M | 49.16M | 49.49M | 49.76M | 50.03M | 50.31M | 54.74M | 54.38M | 54.68M |
| Investment Securities | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 7.26M | 44.09M | 232.39M | 136.39M | 123.51M | 196.95M | 161.81M | 116.79M | 111.8M | 114.49M | 115.16M | 124.24M | 108.45M | 108.42M | 107.65M | 111.1M | 102.96M | 156.78M | 114.99M | 61.48M |
| Cash & Equivalents | 7.26M | 5.78M | 108.39M | 8.74M | 10.75M | 71.56M | 43.51M | 5.66M | 5.59M | 6.53M | 8.03M | 9.22M | 5.51M | 6.06M | 5.18M | 5.15M | 7.89M | 11.14M | 20.33M | 3.99M |
| Receivables | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 4.45M | 73.33M | 70.7M | 68.98M | 69.86M | 66.3M | 63.96M | 64.17M | 61.73M | 58.81M | 62.66M | 64.84M | 62.18M | 61.32M | 60.8M | 65.21M | 111.79M | 62.23M | 23.38M |
| Intangible Assets | 0 | 7.79M | 15.15M | 25.96M | 36.77M | 10.33M | 617K | 1.33M | 2.04M | 1.81M | 0 | 0 | 536K | 1.18M | 20.95M | 50.62M | 79.49M | 108.79M | 19.26M | 29.93M |
| Total Liabilities | 3.89B | 3.86B | 3.9B | 3.82B | 3.82B | 3.44B | 3.32B | 3.34B | 3.35B | 3.34B | 3.36B | 3.4B | 3.4B | 3.43B | 3.45B | 3.53B | 3.52B | 3.55B | 2.55B | 2.57B |
| Total Debt | 0 | 3.53B | 3.49B | 3.42B | 3.44B | 3.05B | 2.94B | 2.95B | 2.99B | 2.99B | 2.99B | 3.03B | 3.06B | 3.06B | 3.09B | 3.17B | 3.19B | 3.21B | 2.27B | 2.29B |
| Net Debt | -7.26M | 3.53B | 3.39B | 3.41B | 3.42B | 2.98B | 2.9B | 2.94B | 2.98B | 2.98B | 2.98B | 3.02B | 3.06B | 3.06B | 3.08B | 3.17B | 3.18B | 3.2B | 2.25B | 2.29B |
| Long-Term Debt | 0 | 3B | 3.43B | 2.99B | 2.99B | 2.99B | 2.87B | 2.87B | 2.9B | 2.9B | 2.9B | 2.9B | 2.94B | 2.94B | 2.94B | 2.94B | 2.94B | 2.94B | 2.2B | 2.2B |
| Short-Term Borrowings | 0 | 345.91M | 0 | 366.3M | 382.4M | 0 | 240K | 10.6M | 18.4M | 18.1M | 15.2M | 63.2M | 61.4M | 60.9M | 86M | 168.9M | 185.4M | 209.9M | 0 | 24.6M |
| Capital Lease Obligations | 0 | 173.37M | 65.61M | 65.64M | 65.65M | 65.67M | 65.68M | 65.69M | 65.7M | 65.71M | 65.72M | 65.73M | 65.74M | 65.76M | 65.76M | 65.77M | 65.78M | 65.8M | 65.81M | 65.8M |
| Total Current Liabilities | 42.71M | 345.91M | 408.56M | 766.62M | 764.66M | 388.1M | 379.72M | 397.48M | 376.39M | 373.82M | 388.7M | 430.86M | 401.93M | 427M | 444.68M | 523.9M | 519.49M | 546.95M | 282.98M | 305.25M |
| Accounts Payable | 0 | 0 | 246.16M | 237.41M | 220.27M | 229.58M | 223.52M | 230.29M | 202.8M | 201.42M | 222.05M | 214.73M | 188.2M | 214.38M | 218.18M | 217.04M | 197.69M | 199.99M | 177.33M | 176.85M |
| Deferred Revenue | 42.71M | 41.59M | 42.72M | 43.22M | 42.35M | 38.92M | 39.79M | 40.58M | 39.27M | 38.48M | 40.17M | 40.24M | 39.48M | 38.76M | 40.78M | 40.12M | 38.49M | 37.14M | 33.87M | 32.52M |
| Other Liabilities | 3.85B | 301.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.08M | 1.09M | 1.08M | 0 | 1.03M | -39.1M | -37.41M | -36.08M | -32.77M | -31.44M |
| Total Equity | 2.67B | 2.78B | 2.85B | 2.89B | 2.92B | 2.95B | 2.87B | 2.85B | 2.86B | 2.88B | 2.87B | 2.88B | 2.89B | 2.9B | 2.92B | 2.9B | 2.94B | 3B | 2.29B | 2.2B |
| Equity Growth % | -8.7% | -5.82% | -0.62% | 1.47% | 2.12% | 2.54% | -0.02% | -1.1% | -0.87% | -0.59% | -1.75% | -0.81% | -1.78% | -3.35% | 27.97% | 32.09% | 35.78% | 43.45% | 25.97% | 20.73% |
| Shareholders Equity | 2.65B | 2.72B | 2.78B | 2.81B | 2.84B | 2.87B | 2.79B | 2.77B | 2.78B | 2.8B | 2.81B | 2.8B | 2.81B | 2.83B | 2.85B | 2.82B | 2.85B | 2.87B | 1.93B | 1.85B |
| Minority Interest | 36.07M | 62.63M | 72.8M | 75.6M | 78.59M | 82.01M | 87.12M | 77.25M | 79.93M | 81.98M | 65.94M | 77.72M | 79.4M | 71.6M | 72.61M | 78.57M | 92.37M | 126.82M | 359.11M | 350.93M |
| Common Stock | 2.27M | 2.27M | 2.28M | 2.28M | 2.28M | 2.28M | 2.26M | 2.25M | 2.25M | 2.25M | 2.25M | 2.25M | 2.25M | 2.25M | 2.25M | 2.25M | 2.24M | 2.24M | 2.03M | 2.02M |
| Additional Paid-in Capital | 0 | 4.3B | 4.3B | 4.29B | 4.29B | 4.29B | 4.2B | 4.15B | 4.14B | 4.14B | 4.14B | 4.13B | 4.13B | 4.13B | 4.12B | 4.11B | 4.11B | 4.09B | 3.04B | 2.96B |
| Retained Earnings | -1.66B | -1.59B | -1.52B | -1.48B | -1.45B | -1.42B | -1.41B | -1.39B | -1.36B | -1.35B | -1.33B | -1.33B | -1.32B | -1.3B | -1.27B | -1.29B | -1.27B | -1.22B | -1.11B | -1.12B |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 1.25% | 1.17% | 1.23% | 1.23% | 1.36% | 1.62% | 1.63% | 1.52% | 1.52% | 1.81% | 1.64% | 1.56% | 1.55% | 1.29% | 1.76% | 0.91% | 0.59% | 0.8% | 1.82% | 1.02% |
| Return on Equity (ROE) | 3.04% | 2.79% | 2.89% | 2.85% | 3.04% | 3.5% | 3.52% | 3.29% | 3.29% | 3.92% | 3.57% | 3.4% | 3.37% | 2.81% | 3.87% | 2% | 1.29% | 1.72% | 3.91% | 2.24% |
| Debt / Assets | - | 53.2% | 51.71% | 50.97% | 50.97% | 47.73% | 47.48% | 47.7% | 48.14% | 48.01% | 47.9% | 48.29% | 48.68% | 48.4% | 48.46% | 49.31% | 49.32% | 49.05% | 46.88% | 48.04% |
| Debt / Equity | - | 1.27x | 1.22x | 1.18x | 1.18x | 1.03x | 1.02x | 1.04x | 1.04x | 1.04x | 1.04x | 1.05x | 1.06x | 1.06x | 1.06x | 1.09x | 1.08x | 1.07x | 0.99x | 1.04x |
| Net Debt / EBITDA | -0.12x | 19.94x | 18.92x | 18.99x | 19.54x | 16.86x | 16.57x | 17.48x | 17.68x | 12.85x | 16.89x | 13.57x | 13.78x | 12.41x | 12.24x | 13.12x | 13.45x | 14.92x | 11.63x | 12.82x |
| Book Value per Share | 11.69 | 12.14 | 12.45 | 12.60 | 12.75 | 12.93 | 12.65 | 12.56 | 12.63 | 12.73 | 12.70 | 12.72 | 12.76 | 12.83 | 12.94 | 12.85 | 13.02 | 14.71 | 11.21 | 10.84 |