CubeSmart (CUBE) Earnings History
Annual and quarterly earnings data from 2003 to 2025
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CUBE EPS Growth (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.
CUBE Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 22.7% | 40.0% | 29.7% |
| 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% |
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CubeSmart (CUBE) Earnings Overview
As of May 6, 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
Earnings metrics vs comparable public companies
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% |
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Start ComparisonCUBE — Frequently Asked Questions
Quick answers to the most common questions about buying CUBE stock.
Is CUBE growing earnings?
CUBE EPS fell to $1.44, with earnings declining -15.1%. This contrasts with the 5-year CAGR of +11.4%. TTM net income dropped to $327M.
What are CUBE's profit margins?
CubeSmart net margin is +29.7%, with operating margin at +40.0%. Above-average margins indicate pricing power.
How consistent are CUBE's earnings?
CUBE earnings data spans 2003-2025. The declining earnings trend is -15.1% YoY. Historical data enables comparison across business cycles.