CubeSmart Financial Statements From 2010 to 2025

CUBE Stock  USD 42.30  0.20  0.48%   
CubeSmart financial statements provide useful quarterly and yearly information to potential CubeSmart investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on CubeSmart financial statements helps investors assess CubeSmart's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting CubeSmart's valuation are summarized below:
Gross Profit
777 M
Profit Margin
0.366
Market Capitalization
9.6 B
Enterprise Value Revenue
11.7014
Revenue
1.1 B
There are over one hundred nineteen available fundamental signals for CubeSmart, which can be analyzed over time and compared to other ratios. Investors should ensure to validate all of CubeSmart's prevailing performance against the performance from 2010 to 2025 to make sure the company is sustainable down the road. The current year's Market Cap is expected to grow to about 1.7 B. The current year's Enterprise Value is expected to grow to about 2.7 B

CubeSmart Total Revenue

1.12 Billion

Check CubeSmart financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CubeSmart's main balance sheet or income statement drivers, such as Interest Expense of 51.9 M, Total Revenue of 1.1 B or Gross Profit of 785.9 M, as well as many indicators such as Price To Sales Ratio of 6.06, Dividend Yield of 0.0476 or PTB Ratio of 2.13. CubeSmart financial statements analysis is a perfect complement when working with CubeSmart Valuation or Volatility modules.
  
Check out the analysis of CubeSmart Correlation against competitors.
For information on how to trade CubeSmart Stock refer to our How to Trade CubeSmart Stock guide.

CubeSmart Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets6.7 B6.4 BB
Slightly volatile
Total Stockholder EquityB2.9 B1.8 B
Slightly volatile
Common Stock Shares Outstanding134.4 M227.2 M167 M
Slightly volatile
Liabilities And Stockholders Equity6.7 B6.4 BB
Slightly volatile
Other Stockholder Equity4.5 B4.3 B2.7 B
Slightly volatile
Total Liabilities3.6 B3.4 B2.1 B
Slightly volatile
Short and Long Term Debt Total1.6 B3.1 B1.8 B
Slightly volatile
Other Liabilities27.2 M45.8 M29.8 M
Slightly volatile
Property Plant And Equipment Net47 M49.4 M1.4 B
Slightly volatile
Accounts Payable241.1 M229.6 M113.1 M
Slightly volatile
Cash75.1 M71.6 M20.7 M
Slightly volatile
Non Current Assets Total3.3 B6.2 B3.8 B
Slightly volatile
Long Term Debt1.6 BB1.7 B
Slightly volatile
Cash And Short Term Investments75.1 M71.6 M20.7 M
Slightly volatile
Short Term Investments144.6 M137.7 M59.4 M
Slightly volatile
Non Current Liabilities Total3.6 B3.4 B1.9 B
Slightly volatile
Property Plant And Equipment Gross47 M49.4 M176.5 M
Slightly volatile
Total Current Assets75.1 M71.6 M36.5 M
Slightly volatile
Total Current Liabilities258.5 M388.1 M264 M
Slightly volatile
Common Stock Total Equity1.5 M2.6 M1.7 M
Slightly volatile
Common Stock1.6 M2.3 M1.7 M
Slightly volatile
Current Deferred Revenue22.3 M38.9 M23.1 M
Slightly volatile
Short Term Debt5.2 M5.4 M187.5 M
Very volatile
Intangible AssetsM2.1 M18.2 M
Very volatile
Net Receivables16.7 M10.4 M14.9 M
Slightly volatile
Preferred Stock Total Equity24.8 K27.9 K30.4 K
Slightly volatile
Net Tangible AssetsB3.3 B1.9 B
Slightly volatile
Long Term Debt Total1.9 B3.4 B1.8 B
Slightly volatile
Capital Surpluse2.8 B4.7 B2.7 B
Slightly volatile
Warrants87.3 M66 M69.6 M
Slightly volatile
Long Term Investments82.3 M92 M111.6 M
Slightly volatile
Short and Long Term Debt19.8 M20.8 M78.9 M
Very volatile
Non Current Liabilities Other1.2 M1.3 M8.9 M
Pretty Stable
Net Invested Capital5.2 B5.9 B4.1 B
Slightly volatile
Capital Stock2.3 M2.3 MM
Slightly volatile
Capital Lease Obligations72.3 M65.7 M66.1 M
Slightly volatile

CubeSmart Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Total Revenue1.1 B1.1 B610.7 M
Slightly volatile
Gross Profit785.9 M748.5 M418 M
Slightly volatile
Other Operating Expenses1.1 B1.1 B438.7 M
Slightly volatile
EBITDA254.6 M203.5 M323 M
Slightly volatile
Total Operating Expenses785.9 M748.5 M247.5 M
Slightly volatile
Depreciation And Amortization182.9 M209.8 M213.8 M
Slightly volatile
Selling General Administrative34.3 M59.7 M36.3 M
Slightly volatile
Cost Of Revenue333.6 M317.8 M195.9 M
Slightly volatile
Extraordinary Items361.6 K380.6 K3.6 M
Slightly volatile
Discontinued Operations287.3 K302.4 K4.5 M
Slightly volatile
Preferred Stock And Other AdjustmentsM9.2 M7.3 M
Slightly volatile
Selling And Marketing Expenses15 M28.2 M13.5 M
Slightly volatile
Non Operating Income Net Other12.8 M12.2 M6.6 M
Slightly volatile
Interest Income64.4 M73.9 M57.5 M
Slightly volatile
Reconciled Depreciation220 M209.8 M178.7 M
Slightly volatile

CubeSmart Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow7.8 M8.2 M13.2 M
Pretty Stable
Depreciation140.2 M209.8 M156.7 M
Slightly volatile
Dividends Paid484.9 M461.8 M217.8 M
Slightly volatile
Total Cash From Operating Activities662.6 M631.1 M328.2 M
Slightly volatile
Net Income411.5 M391.9 M164.7 M
Slightly volatile
End Period Cash Flow81.5 M77.7 M22.4 M
Slightly volatile
Change To Liabilities26.5 M25.2 M11.6 M
Slightly volatile
Stock Based Compensation12.1 M11.5 M6.2 M
Slightly volatile
Issuance Of Capital Stock129.2 M136 M178.6 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio6.069.09678.9634
Pretty Stable
Dividend Yield0.04760.04760.0345
Slightly volatile
PTB Ratio2.133.37732.9954
Pretty Stable
Days Sales Outstanding11.2413.2610.4727
Pretty Stable
Book Value Per Share8.5613.049810.354
Slightly volatile
Operating Cash Flow Per Share2.932.7881.7374
Slightly volatile
Stock Based Compensation To Revenue0.01190.01080.0106
Slightly volatile
Capex To Depreciation0.140.150.7487
Slightly volatile
PB Ratio2.133.37732.9954
Pretty Stable
EV To Sales8.2811.892211.8596
Slightly volatile
Payables Turnover2.331.3842.896
Very volatile
Sales General And Administrative To Revenue0.08570.0560.0688
Slightly volatile
Average Inventory7.1 M7.5 M29.8 M
Slightly volatile
Capex To Revenue0.04460.0470.2291
Slightly volatile
Cash Per Share0.450.31610.1274
Pretty Stable
POCF Ratio12.9215.369417.5075
Very volatile
Capex To Operating Cash Flow0.07620.08020.562
Slightly volatile
Days Payables Outstanding137264171
Pretty Stable
Income Quality1.531.61046.3244
Slightly volatile
EV To Operating Cash Flow26.1920.092524.4351
Very volatile
Intangibles To Total Assets0.00150.00160.0054
Slightly volatile
Net Debt To EBITDA7.3514.64386.0952
Pretty Stable
Current Ratio1.931.83870.4897
Pretty Stable
Tangible Book Value Per Share8.5113.004210.2561
Slightly volatile
Receivables Turnover52.1736.447.0396
Pretty Stable
Graham Number23.3222.211311.5655
Slightly volatile
Shareholders Equity Per Share7.4212.68759.6096
Slightly volatile
Debt To Equity1.191.06281.0891
Very volatile
Capex Per Share0.20.210.603
Slightly volatile
Revenue Per Share2.474.71053.1321
Slightly volatile
Interest Debt Per Share8.713.885510.3219
Slightly volatile
Debt To Assets0.520.47730.4797
Very volatile
Enterprise Value Over EBITDA65.4162.295526.3553
Slightly volatile
Short Term Coverage Ratios2.12.683.0238
Very volatile
Price Book Value Ratio2.133.37732.9954
Pretty Stable
Days Of Payables Outstanding137264171
Pretty Stable
Price To Operating Cash Flows Ratio12.9215.369417.5075
Very volatile
Company Equity Multiplier2.62.22652.211
Slightly volatile
Long Term Debt To Capitalization0.540.580.5051
Pretty Stable
Total Debt To Capitalization0.560.51520.5151
Very volatile
Debt Equity Ratio1.191.06281.0891
Very volatile
Dividend Paid And Capex Coverage Ratio1.681.36661.432
Pretty Stable
Cash Ratio1.931.83870.425
Pretty Stable
Operating Cash Flow Sales Ratio0.350.59190.4881
Slightly volatile
Days Of Sales Outstanding11.2413.2610.4727
Pretty Stable
Cash Flow Coverage Ratios0.120.20680.1556
Slightly volatile
Price To Book Ratio2.133.37732.9954
Pretty Stable
Fixed Asset Turnover22.6521.56838.0987
Slightly volatile
Capital Expenditure Coverage Ratio13.5612.916.7108
Slightly volatile
Price Cash Flow Ratio12.9215.369417.5075
Very volatile
Enterprise Value Multiple65.4162.295526.3553
Slightly volatile
Debt Ratio0.520.47730.4797
Very volatile
Cash Flow To Debt Ratio0.120.20680.1556
Slightly volatile
Price Sales Ratio6.069.09678.9634
Pretty Stable
Asset Turnover0.170.16680.1516
Pretty Stable
Gross Profit Margin0.770.7020.6927
Very volatile
Price Fair Value2.133.37732.9954
Pretty Stable

CubeSmart Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap1.7 B1.6 B1.7 B
Slightly volatile
Enterprise Value2.7 B2.5 B2.7 B
Slightly volatile

CubeSmart Fundamental Market Drivers

Forward Price Earnings26.0417
Cash And Short Term Investments71.6 M

CubeSmart Upcoming Events

22nd of February 2024
Upcoming Quarterly Report
View
25th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
22nd of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About CubeSmart Financial Statements

CubeSmart stakeholders use historical fundamental indicators, such as CubeSmart's revenue or net income, to determine how well the company is positioned to perform in the future. Although CubeSmart investors may analyze each financial statement separately, they are all interrelated. For example, changes in CubeSmart's assets and liabilities are reflected in the revenues and expenses on CubeSmart's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in CubeSmart. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue38.9 M22.3 M
Total Revenue1.1 B1.1 B
Cost Of Revenue317.8 M333.6 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.06  0.09 
Capex To Revenue 0.05  0.04 
Revenue Per Share 4.71  2.47 

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When determining whether CubeSmart is a strong investment it is important to analyze CubeSmart's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CubeSmart's future performance. For an informed investment choice regarding CubeSmart Stock, refer to the following important reports:
Check out the analysis of CubeSmart Correlation against competitors.
For information on how to trade CubeSmart Stock refer to our How to Trade CubeSmart Stock guide.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Self-Storage REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CubeSmart. If investors know CubeSmart will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CubeSmart listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.12)
Dividend Share
2.05
Earnings Share
1.72
Revenue Per Share
4.722
Quarterly Revenue Growth
0.007
The market value of CubeSmart is measured differently than its book value, which is the value of CubeSmart that is recorded on the company's balance sheet. Investors also form their own opinion of CubeSmart's value that differs from its market value or its book value, called intrinsic value, which is CubeSmart's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CubeSmart's market value can be influenced by many factors that don't directly affect CubeSmart's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CubeSmart's value and its price as these two are different measures arrived at by different means. Investors typically determine if CubeSmart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CubeSmart's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.