CubeSmart (CUBE) quarterly cash flow statement — complete operating, investing & financing history
CubeSmart (CUBE) cash flow statement — 23-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | 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 |
|---|
| Cash from Operations | 171.1M | 144.34M | 148.84M | 136.49M | 168.95M | 157.48M | 146.32M | 164.67M | 145.4M | 170.86M | 150.15M | 146M | 169.76M | 162.38M | 136.71M | 144.97M | 162.19M | 153.57M | 130.74M | 106.25M |
| Operating CF Growth % | 1.27% | -8.35% | 1.72% | -17.11% | 16.2% | -7.83% | -2.55% | 12.78% | -14.35% | 5.23% | 9.83% | 0.71% | 4.66% | 5.73% | 4.57% | 36.45% | 29.15% | 28.86% | 33.16% | 27.7% |
| Operating CF / Revenue % | 58.2% | 50.38% | 52.79% | 48.28% | 59.27% | 55.78% | 53.59% | 61.51% | 53.67% | 64.18% | 57.44% | 54.74% | 63.37% | 62.07% | 53.12% | 55.26% | 61.84% | 61.59% | 54.73% | 47.73% |
| Net Income | 94.31M | 89.46M | 82.75M | 77.72M | 82.93M | 82.96M | 89.2M | 101.89M | 100.8M | 93.96M | 94.53M | 112.67M | 102.64M | 97.88M | 97.57M | 81.86M | 112.89M | 58.36M | 38.16M | 46.56M |
| Depreciation & Amortization | 57M | 56.94M | 62.5M | 67.09M | 67.95M | 67.71M | 60.38M | 53.78M | 52.2M | 52.05M | 51.75M | 51.77M | 51.02M | 51.4M | 51.37M | 70.44M | 80.54M | 80M | 83.51M | 73.34M |
| Stock-Based Compensation | 2.96M | 3.32M | 3.28M | 2.94M | 2.89M | 2.5M | 3.21M | 2.9M | 2.9M | 2.86M | 2.83M | 2.56M | 2.54M | 2.45M | 2.54M | 2.28M | 2.3M | 2.31M | 2.19M | 2.02M |
| Other Non-Cash Items | 576K | -1.91M | 577K | 3.83M | 692K | -91K | 185K | 386K | 850K | 769K | 521K | -1.14M | 491K | 441K | -1.25M | -1.31M | -46.29M | -738K | -470K | -8.09M |
| Working Capital Changes | 16.26M | -3.47M | -278K | -15.1M | 14.5M | 4.4M | -6.65M | 5.71M | -11.35M | 21.22M | 526K | -20.15M | 13.06M | 10.21M | -13.51M | -8.3M | 12.75M | 13.63M | 7.34M | -7.59M |
| Cash from Investing | -26.7M | -6.14M | -21.7M | -58.37M | -21.99M | -24.06M | -467.33M | -101.1M | -18.3M | -20.34M | -34.22M | -38.99M | -11.08M | -21.89M | -25.56M | -17.55M | 18.85M | -40.99M | -9.09M | -1.72B |
| Acquisitions (Net) | 0 | 2.06M | -2.06M | -451.14M | 303K | 451.14M | -451.14M | -58.16M | -6K | -5K | -305K | 0 | -6K | -5K | -5K | -5K | -6K | -5K | -5K | -1.68B |
| Purchase of Investments | 0 | -2.06M | 0 | 398.93M | -8.09M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 9.77M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 451K | 19.64M | -19.64M | 273K | 0 | -475.2M | -16.19M | -42.94M | -18.29M | -20.34M | -33.91M | -38.99M | -11.07M | -21.89M | -25.55M | -17.54M | 18.86M | -40.98M | -9.08M | -43.73M |
| Cash from Financing | -144.89M | -131.09M | -127.9M | -182.65M | -46.54M | -134.84M | 259.1M | -31.26M | -89.01M | -150.86M | -116.53M | -108.69M | -159.92M | -138.12M | -111.29M | -126.7M | -180.95M | -114.94M | -124.5M | 1.57B |
| Dividends Paid | -120.07M | -120.55M | -121.07M | -119.1M | -119.1M | -119.06M | -119.05M | -115.87M | -115.38M | -115.27M | -115.25M | -113.37M | -110.59M | -110.52M | -110.5M | -96.87M | -96.82M | -96.81M | -96.61M | -69.32M |
| Common Dividends | -120.07M | -120.55M | -121.07M | -119.1M | -119.1M | -119.06M | -119.05M | -115.87M | -115.38M | -115.27M | -115.25M | -113.37M | -110.59M | -110.52M | -110.5M | -96.87M | -96.82M | -96.81M | -96.61M | -69.32M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | -252K | -1000K | -1000K | -156K | 1000K | -1000K | -1000K | -138K | -1000K | -1000K | -1000K | -1000K | 1000K |
| Share Repurchases | -83.97M | -41.8M | -34.08M | -35.62M | -111K | -122K | -167K | -16K | -29K | -39K | -9K | -51K | -79K | -55K | -91K | 0 | 0 | -41K | -123K | 0 |
| Other Financing | -590K | -3.83M | -7.18M | -720K | -751K | 727K | -3.78M | -690K | 4.43M | 3.65M | -1.12M | 2.28M | -817K | 1.71M | -565K | -2.7M | -5.68M | -993K | -2.66M | -38.49M |
| Net Change in Cash | -484K | 7.11M | -763K | -104.52M | 100.42M | -1.42M | -61.91M | 32.31M | 38.09M | -343K | -604K | -1.68M | -1.25M | 2.36M | -143K | 721K | 100K | -2.36M | -2.85M | -46.75M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 16.58M | 9.47M | 10.23M | 114.76M | 14.33M | 15.75M | 77.66M | 45.35M | 7.27M | 7.61M | 8.22M | 9.9M | 11.14M | 8.78M | 8.93M | 8.2M | 8.1M | 10.46M | 13.32M | 60.07M |
| Cash at End | 16.1M | 16.58M | 9.47M | 10.23M | 114.76M | 14.33M | 15.75M | 77.66M | 45.35M | 7.27M | 7.61M | 8.22M | 9.9M | 11.14M | 8.78M | 8.93M | 8.2M | 8.1M | 10.46M | 13.32M |
| Free Cash Flow | 143.95M | 108.79M | 148.84M | 121.72M | 183M | 157.48M | 146.32M | 164.67M | 145.4M | 170.86M | 150.15M | 146M | 169.76M | 162.38M | 136.71M | 144.97M | 162.19M | 153.57M | 130.74M | 106.25M |
| FCF Growth % | -21.34% | -30.92% | 1.72% | -26.08% | 25.86% | -7.83% | -2.55% | 12.78% | -14.35% | 5.23% | 9.83% | 0.71% | 4.66% | 5.73% | 4.57% | 36.45% | 29.15% | 28.86% | 33.16% | 27.7% |
| FCF / Revenue % | 48.97% | 37.97% | 52.79% | 43.06% | 64.19% | 55.78% | 53.59% | 61.51% | 53.67% | 64.18% | 57.44% | 54.74% | 63.37% | 62.07% | 53.12% | 55.26% | 61.84% | 61.59% | 54.73% | 47.73% |