CubeSmart (CUBE) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
Loading revenue history...
Revenue Growth Metrics
Revenue Breakdown (FY 2024)
CUBE's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
CUBE Revenue Analysis (2013–2024)
As of March 2, 2026, CubeSmart (CUBE) generated trailing twelve-month (TTM) revenue of $1.11 billion, reflecting solid growth of +5.2% year-over-year. The most recent quarter (Q3 2025) recorded $285.1 million in revenue, up 1.0% sequentially.
Looking at the longer-term picture, CUBE's 5-year compound annual growth rate (CAGR) stands at +10.2%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.07 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows CUBE's business is primarily driven by Other Property Related Income (73%), and Property Management Fee Income (27%). 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 (+2.3% YoY), EXR (-0.3% YoY), and NSA (-2.3% YoY), CUBE has outperformed the peer group in terms of revenue growth. Compare CUBE vs PSA →
Peer Comparison
Compare CUBE's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CUBECurrent | $1.1B | +5.2% | +10.2% | 45.3% | |
| PSA | $4.8B | +2.3% | +10.6% | 70.6% | |
| EXR | $3.3B | -0.3% | +20.4% | 39.6% | |
| NSA | $753M | -2.3% | +11.7% | 37.0% | |
| SELF | $13M | +3.4% | +7.6% | 23.1% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
| 2015 | $444.5M | +17.9% | $291.3M | 65.5% | $107.9M | 24.3% |
See CUBE's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs CUBE Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare CUBE vs WELL
See how CUBE stacks up against sector leader Welltower Inc..
Start ComparisonFrequently Asked Questions
Is CUBE's revenue growth accelerating or slowing?
CUBE maintains +5.2% revenue growth, in line with its 5-year CAGR of +10.2%. TTM revenue stands at $1.1B. Growth rate remains consistent with historical average.
What is CUBE's long-term revenue growth rate?
CubeSmart's 5-year revenue CAGR of +10.2% reflects the sustained expansion pattern. Current YoY growth of +5.2% 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 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.