CubeSmart (CUBE) Earnings History
Annual and quarterly earnings data from 2003 to 2024
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 70.2% | 45.3% | 36.7% |
| 2023 | 71.9% | 47.3% | 39.1% |
| 2022 | 71.0% | 34.8% | 28.8% |
| 2021 | 69.4% | 35.3% | 27.2% |
| 2020 | 69.6% | 61.0% | 24.4% |
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CubeSmart (CUBE) Earnings Overview
As of February 28, 2026, CubeSmart (CUBE) reported trailing twelve-month net income of $357M, reflecting -0.1% year-over-year growth. The company earned $1.56 per diluted share over the past four quarters, with a net profit margin of 0.4%.
Looking at the long-term picture, CUBE's 5-year EPS compound annual growth rate (CAGR) stands at +31.3%, indicating exceptional earnings growth. The company achieved its highest annual net income of $411M in fiscal 2023.
CubeSmart maintains positive profitability with a gross margin of 0.7%, operating margin of 0.5%, and net margin of 0.4%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including PSA ($1.89B net income, 0.4% margin), EXR ($953M net income, 0.3% margin), NSA ($74M net income, 0.1% margin), CUBE has room to improve margins relative to the peer group. Compare CUBE vs PSA →
Peer Comparison
Earnings metrics vs industry competitors
| Company | TTM Net Income | TTM EPS | Net Margin | ROE | YoY Growth | Compare |
|---|---|---|---|---|---|---|
CUBECurrent | $357M | $1.56 | 0.4% | 0.1% | -0.1% | — |
PSA | $1.9B | $10.76 | 0.4% | 0.2% | -0.2% | |
EXR | $953M | $4.50 | 0.3% | 0.1% | -0.1% | |
NSA | $74M | $0.96 | 0.1% | 0.0% | -0.4% | |
SELF | $2M | $0.16 | 0.2% | 0.0% | -0.3% |
Historical Data
22 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $391M | -4.8% | $483M | $1.72 | 36.7% | 45.3% |
| 2023 | $411M | +41.0% | $497M | $1.82 | 39.1% | 47.3% |
| 2022 | $291M | +30.3% | $351M | $1.29 | 28.8% | 34.8% |
| 2021 | $223M | +34.9% | $291M | $1.09 | 27.2% | 35.3% |
| 2020 | $166M | -2.1% | $414M | $0.85 | 24.4% | 61.0% |
| 2019 | $169M | +3.2% | $407M | $0.44 | 25.8% | 62.1% |
| 2018 | $164M | +22.0% | $220M | $0.88 | 27.4% | 36.8% |
| 2017 | $134M | +52.8% | $196M | $0.74 | 24.0% | 35.0% |
| 2016 | $88M | +13.1% | $143M | $0.45 | 17.2% | 28.0% |
| 2015 | $78M | +194.6% | $108M | $0.42 | 17.5% | 24.3% |
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Start ComparisonFrequently Asked Questions
Is CUBE growing earnings?
CUBE EPS of $1.56 reflects slowing growth at -0.1%, below the 5-year CAGR of +31.3%. TTM net income is $357M. Expansion rate has moderated.
What are CUBE's profit margins?
CubeSmart net margin is +0.4%, with operating margin at +0.5%. Below-average margins reflect competitive or cost pressures.
How consistent are CUBE's earnings?
CUBE earnings data spans 2003-2024. The current earnings trend is -0.1% YoY. Historical data enables comparison across business cycles.