CubeSmart (CUBE) Quarterly Income Statement

120+ quarters historyFree accessUpdated daily

CubeSmart (CUBE) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

CUBE Income Statement

CubeSmart (CUBE) annual income statement — 23-year revenue, gross profit & net income history

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

Revenue	293.97M	286.49M	281.93M	282.69M	285.08M	282.3M	273.04M	267.73M	270.89M	266.21M	261.41M	266.73M	267.88M	261.6M	257.37M	262.33M	262.26M	249.34M	238.86M	222.58M
Revenue Growth %	3.12%	1.48%	3.26%	5.59%	5.24%	6.05%	4.45%	0.37%	1.13%	1.76%	1.57%	1.68%	2.14%	4.91%	7.75%	17.86%	22.91%	24.86%	26.19%	24.22%
Property Operating Expenses	95.79M	96.02M	212.94M	538.41M	90.85M	155.52M	82.93M	75.75M	81.87M	83.1M	127.75M	46.79M	77.55M	74.82M	71.13M	50.09M	76.73M	73.47M	70.57M	42.06M
Net Operating Income (NOI)	198.18M	190.47M	68.98M	-255.72M	194.23M	126.79M	190.1M	191.98M	189.02M	183.11M	133.65M	219.94M	190.33M	186.77M	186.24M	212.24M	185.53M	175.87M	168.29M	180.52M
NOI Margin %	67.42%	66.48%	24.47%	-90.46%	68.13%	44.91%	69.63%	71.71%	69.78%	68.79%	51.13%	82.46%	71.05%	71.4%	72.36%	80.9%	70.74%	70.53%	70.46%	81.1%
Operating Expenses	72.45M	73.08M	-44.25M	-366.81M	83.19M	14.9M	75.22M	67.89M	65.47M	65.66M	15.63M	38.48M	64.05M	14.32M	14.67M	35.38M	13.39M	13.72M	14.53M	34.24M
G&A Expenses	16.5M	34.44M	17.19M	22.06M	16.51M	14.9M	16.07M	15.15M	14.27M	14.62M	15.63M	38.48M	14.06M	14.32M	14.67M	35.38M	13.39M	13.72M	14.53M	34.24M
EBITDA	181.68M	174.32M	175.74M	178.18M	178.98M	179.6M	175.25M	177.86M	175.74M	169.5M	168.74M	232.03M	176.26M	222.81M	221.89M	246.29M	251.72M	241.19M	236.32M	214.51M
EBITDA Margin %	61.8%	60.85%	62.33%	63.03%	62.78%	63.62%	64.19%	66.43%	64.88%	63.67%	64.55%	86.99%	65.8%	85.17%	86.22%	93.88%	95.98%	96.73%	98.94%	96.37%
Depreciation & Amortization	55.95M	56.94M	62.5M	67.09M	67.95M	67.71M	60.38M	53.78M	52.2M	52.05M	50.72M	50.57M	49.98M	50.36M	50.33M	69.43M	79.57M	79.05M	82.56M	68.23M
D&A / Revenue %	19.03%	19.87%	22.17%	23.73%	23.83%	23.98%	22.11%	20.09%	19.27%	19.55%	19.4%	18.96%	18.66%	19.25%	19.56%	26.47%	30.34%	31.7%	34.56%	30.65%
Operating Income	125.73M	117.38M	113.23M	111.09M	111.04M	111.89M	114.88M	124.09M	123.55M	117.45M	118.03M	181.46M	126.28M	172.45M	171.56M	176.86M	172.14M	162.15M	153.77M	146.28M
Operating Margin %	42.77%	40.97%	40.16%	39.3%	38.95%	39.63%	42.07%	46.35%	45.61%	44.12%	45.15%	68.03%	47.14%	65.92%	66.66%	67.42%	65.64%	65.03%	64.38%	65.72%
Interest Expense	1000K	1000K	1000K	1000K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Coverage	3.94x	3.84x	3.68x	3.63x	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-712K	-3.54M	-412K	3.84M	-758K	368K	33K	22.2M	-153K	-425K	-845K	50.57M	0	50.36M	50.33M	69.43M	79.57M	79.05M	82.56M	68.23M
Pretax Income	94.31M	89.46M	82.89M	77.72M	82.42M	82.43M	88.75M	101.89M	100.95M	94.19M	94.86M	113.14M	103.07M	98.28M	97.94M	82.17M	113.44M	58.59M	38.27M	46.56M
Pretax Margin %	32.08%	31.23%	29.4%	27.49%	28.91%	29.2%	32.5%	38.06%	37.27%	35.38%	36.29%	42.42%	38.48%	37.57%	38.06%	31.32%	43.25%	23.5%	16.02%	20.92%
Income Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Income	94.36M	89.58M	82.89M	78.69M	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	45.35M
Net Margin %	32.1%	31.27%	29.4%	27.84%	29.09%	29.39%	32.67%	38.06%	37.21%	35.3%	36.16%	42.24%	38.32%	37.42%	37.91%	31.21%	43.04%	23.4%	15.97%	20.37%
Net Income Growth %	13.78%	7.99%	-7.07%	-22.77%	-17.73%	-11.71%	-5.64%	-9.56%	-1.8%	-4%	-3.11%	37.63%	-9.07%	67.72%	155.71%	80.52%	28.79%	19.7%	-8.57%	7.13%
Funds From Operations (FFO)	150.3M	146.52M	145.39M	145.79M	150.88M	150.67M	149.57M	155.67M	152.99M	146.01M	145.24M	163.23M	152.63M	148.24M	147.9M	151.29M	192.46M	137.4M	120.71M	113.58M
FFO Margin %	51.13%	51.14%	51.57%	51.57%	52.92%	53.37%	54.78%	58.14%	56.48%	54.85%	55.56%	61.2%	56.98%	56.67%	57.46%	57.67%	73.39%	55.11%	50.54%	51.03%
FFO Growth %	-0.38%	-2.75%	-2.8%	-6.35%	-1.38%	3.19%	2.98%	-4.63%	0.24%	-1.5%	-1.79%	7.89%	-20.7%	7.88%	22.52%	33.21%	34.1%	33.54%	26.34%	41.82%
FFO per Share	0.66	0.64	0.64	0.64	0.66	0.66	0.65	0.68	0.67	0.64	0.64	0.72	0.67	0.66	0.65	0.67	0.85	0.61	0.53	0.56
FFO Payout Ratio %	79.88%	82.28%	83.27%	81.7%	78.94%	79.02%	79.59%	74.43%	75.42%	78.94%	79.35%	69.45%	72.45%	74.56%	74.71%	64.03%	50.31%	70.46%	80.03%	61.03%
EPS (Diluted)	0.42	0.39	0.36	0.34	0.36	0.36	0.39	0.45	0.44	0.41	0.42	0.50	0.45	0.43	0.43	0.26	0.40	0.16	0.07	0.13
EPS Growth %	16.67%	8.33%	-7.69%	-24.44%	-18.18%	-12.2%	-7.14%	-10%	-2.22%	-4.65%	-2.33%	92.31%	12.5%	168.75%	528.65%	100%	-6.98%	-33.33%	-67.43%	-40.91%
EPS (Basic)	0.42	0.40	0.36	0.34	0.36	0.36	0.39	0.45	0.45	0.42	0.42	0.50	0.46	0.43	0.43	0.26	0.40	0.16	0.07	0.13
Diluted Shares Outstanding	226.11M	228.21M	228.21M	229.16M	229.24M	229.27M	229.17M	228.44M	227.15M	226.62M	226.57M	226.24M	226.21M	226.28M	226.18M	225.88M	225.97M	225.9M	225.74M	203.8M