CubeSmart (CUBE) Earnings History
Growth Compounder23 years of earnings data (2003–2025) · Consistent double-digit EPS growth over 5 years
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CubeSmart (CUBE) Earnings Overview
As of June 21, 2026, CubeSmart (CUBE) reported trailing twelve-month net income of $327M, reflecting -15.1% year-over-year growth. The company earned $1.44 per diluted share over the past four quarters, with a net profit margin of 29.7%.
Looking at the long-term picture, CUBE's 5-year EPS compound annual growth rate (CAGR) stands at +11.4%, showing solid earnings momentum. The company achieved its highest annual net income of $411M in fiscal 2023.
CubeSmart maintains industry-leading profitability with a gross margin of 22.7%, operating margin of 40.0%, and net margin of 29.7%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including PSA ($1.90B net income, 37.0% margin), EXR ($974M net income, 28.8% margin), NSA ($89M net income, 9.8% margin), CUBE has room to improve margins relative to the peer group. Compare CUBE vs PSA →
CUBE Earnings vs Peers
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CUBE Historical Earnings Data (2003–2025)
23 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $334M | -14.7% | $449M | $1.46 | 29.7% | 40.0% |
| 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% |
| 2014 | $26M | -36.4% | $82M | $0.14 | 7.0% | 21.6% |
| 2013 | $41M | +2181.1% | $58M | $0.26 | 13.0% | 18.3% |
| 2012 | $2M | +556.5% | $32M | $-0.03 | 0.6% | 11.4% |
| 2011 | $-398,000 | +94.6% | $46M | $-0.00 | -0.2% | 19.2% |
| 2010 | -$7M | -689.0% | $35M | $-0.08 | -3.4% | 16.0% |
| 2009 | $-937,000 | -133.6% | $30M | $-0.01 | -0.4% | 13.8% |
| 2008 | $3M | +121.4% | $35M | $0.05 | 1.2% | 14.7% |
| 2007 | -$13M | -52.9% | $38M | $-0.23 | -5.7% | 16.8% |
| 2006 | -$9M | -407.9% | $39M | $-0.15 | -4.0% | 18.4% |
| 2005 | $3M | +108.6% | $35M | $0.04 | 1.9% | 23.4% |
| 2004 | -$32M | -299.3% | $26M | $-0.86 | -35.3% | 28.0% |
| 2003 | $16M | - | $29M | $0.47 | 20.1% | 35.7% |
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CUBE — Frequently Asked Questions
Quick answers to the most common questions about buying CUBE stock.
What is CUBE earnings per share (EPS)?
CUBE trailing twelve-month (TTM) diluted EPS is $1.44, reflecting -15.1% year-over-year growth. The 5-year EPS CAGR is +11.4%. Complete EPS history from 2003 to 2025 is available in the table on this page.
What is CubeSmart's net income?
CubeSmart (CUBE) trailing twelve-month net income is $327M as of 2025. Earnings declined -15.1% year-over-year. CubeSmart has been profitable for 14 consecutive years.
Is CUBE profitable?
Yes, CUBE is profitable with a TTM net income of $327M and a net profit margin of +29.7%. CubeSmart has generated profits for 14 consecutive years.
What is CUBE's earnings growth rate?
CUBE compound annual EPS growth rates (CAGR): 1-Year: -15.1%, 3-Year: +4.2%, 5-Year: +11.4%, 10-Year: +13.3%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2003 to 2025.
What are CUBE's profit margins?
CubeSmart net profit margin is +29.7%, operating margin is +40.0%, and gross margin is +22.7%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +11.6%.
Is CUBE growing earnings?
CUBE earnings are declining — EPS fell -15.1% year-over-year. TTM net income dropped to $327M. This contrasts with the 5-year CAGR of +11.4%.
What was CUBE's best earnings year?
CubeSmart's highest annual net income on record is $411M, achieved in fiscal year 2023. Earnings history on this page spans 2003 to 2025 and includes all annual and quarterly figures.
What were CUBE's earnings last quarter?
CUBE's most recent reported quarter was Q1 2026. Net income was $83M with diluted EPS of $0.36. For a full breakdown of all quarters, see the quarterly earnings table on this page.