CubeSmart (CUBE) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
CUBE Revenue Growth
Revenue Breakdown (FY 2025)
CUBE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
CUBE Revenue Analysis (2014–2025)
As of May 6, 2026, CubeSmart (CUBE) generated trailing twelve-month (TTM) revenue of $1.13 billion, reflecting modest growth of +3.3% year-over-year. The most recent quarter (Q1 2026) recorded $281.9 million in revenue, down 0.3% sequentially.
Looking at the longer-term picture, CUBE's 5-year compound annual growth rate (CAGR) stands at +10.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.12 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows CUBE's business is primarily driven by Other Property Related Income (76%), and Property Management Fee Income (24%). With over half of revenue concentrated in Other Property Related Income, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including PSA (+2.9% YoY), EXR (+1.2% YoY), and NSA (-1.6% YoY), CUBE has underperformed the peer group in terms of revenue growth. Compare CUBE vs PSA →
CUBE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CUBECurrent | $1.1B | +3.3% | +10.6% | 40.0% | |
 PSA | $4.8B | +2.9% | +10.6% | 46.7% | |
 EXR | $3.4B | +1.2% | +19.6% | 44.1% | |
 NSA | $753M | -1.6% | +11.7% | 37.0% | |
 NNN | $926M | +5.8% | +7.0% | 61.5% | |
 SELF | $13M | +1.4% | +6.7% | 20.5% |
CUBE Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.12B | +5.3% | $255.4M | 22.7% | $448.9M | 40.0% |
| 2024 | $1.07B | +1.5% | $748.5M | 70.2% | $483.1M | 45.3% |
| 2023 | $1.05B | +4.0% | $755.6M | 71.9% | $497.3M | 47.3% |
| 2022 | $1.01B | +22.7% | $716.4M | 71.0% | $351.1M | 34.8% |
| 2021 | $822.6M | +21.1% | $570.5M | 69.4% | $290.6M | 35.3% |
| 2020 | $679.4M | +3.7% | $472.6M | 69.6% | $414.3M | 61.0% |
| 2019 | $655.0M | +9.5% | $456.8M | 69.7% | $406.7M | 62.1% |
| 2018 | $597.9M | +7.0% | $401.1M | 67.1% | $220.0M | 36.8% |
| 2017 | $558.9M | +9.6% | $377.4M | 67.5% | $195.7M | 35.0% |
| 2016 | $510.0M | +14.7% | $344.2M | 67.5% | $143.0M | 28.0% |
See CUBE's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs CUBE Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare CUBE vs WELL
Side-by-side business, growth, and profitability comparison vs Welltower Inc..
Start ComparisonCUBE — Frequently Asked Questions
Quick answers to the most common questions about buying CUBE stock.
Is CUBE's revenue growth accelerating or slowing?
CUBE revenue growth slowed to +3.3%, below the 5-year CAGR of +10.6%. TTM revenue is $1.1B. The deceleration marks a shift from historical growth rates.
What is CUBE's long-term revenue growth rate?
CubeSmart's 5-year revenue CAGR of +10.6% reflects the variable expansion pattern. Current YoY growth of +3.3% is near this long-term average.
How is CUBE's revenue distributed by segment?
CUBE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.