CubeSmart Financial Statements From 2010 to 2026

CUBE Stock  USD 35.50  0.10  0.28%   
CubeSmart's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing CubeSmart's valuation are provided below:
Gross Profit
800.8 M
Profit Margin
0.3215
Market Capitalization
8.1 B
Enterprise Value Revenue
10.34
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 2026 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

1.29 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 109.7 M, Total Revenue of 1.3 B or Gross Profit of 903.8 M, as well as many indicators such as Price To Sales Ratio of 6.06, Dividend Yield of 0.0484 or PTB Ratio of 2.13. CubeSmart financial statements analysis is a perfect complement when working with CubeSmart Valuation or Volatility modules.
  
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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 Assets7.7 B7.4 B4.3 B
Slightly volatile
Total Stockholder Equity3.5 B3.3 B1.9 B
Slightly volatile
Common Stock Shares Outstanding134.4 M261.2 M172.5 M
Slightly volatile
Liabilities And Stockholders Equity7.7 B7.4 B4.3 B
Slightly volatile
Other Stockholder Equity5.2 B4.9 B2.9 B
Slightly volatile
Total Liabilities4.2 BB2.3 B
Slightly volatile
Short and Long Term Debt Total3.7 B3.5 BB
Slightly volatile
Other Liabilities27.2 M45.8 M30.3 M
Slightly volatile
Property Plant And Equipment Net42.3 M44.5 M1.3 B
Slightly volatile
Net Debt3.6 B3.4 BB
Slightly volatile
Accounts Payable277.2 M264 M141 M
Slightly volatile
Cash67.6 M64.4 M22.8 M
Slightly volatile
Non Current Assets Total7.5 B7.1 B4.2 B
Slightly volatile
Long Term Debt3.6 B3.4 B1.9 B
Slightly volatile
Cash And Short Term Investments67.6 M64.4 M22.8 M
Slightly volatile
Short Term Investments144.6 M137.7 M63 M
Slightly volatile
Non Current Liabilities Total3.7 B3.5 BB
Slightly volatile
Property Plant And Equipment Gross42.3 M44.5 M168.5 M
Slightly volatile
Total Current Assets237.8 M226.5 M83.9 M
Slightly volatile
Total Current Liabilities250.1 M446.3 M274.3 M
Slightly volatile
Common Stock Total Equity1.5 M2.6 M1.8 M
Slightly volatile
Common Stock1.6 M2.6 M1.8 M
Slightly volatile
Current Deferred Revenue47 M44.8 M25.8 M
Slightly volatile
Short Term Debt273.9 M351.8 M234.2 M
Pretty Stable
Intangible Assets21.1 M11.9 M19.5 M
Pretty Stable
Net Receivables48.9 M46.6 M20.2 M
Slightly volatile
Preferred Stock Total Equity24.8 K27.9 K30.5 K
Slightly volatile
Net Tangible AssetsB3.3 BB
Slightly volatile
Long Term Debt Total1.9 B3.4 B1.9 B
Slightly volatile
Capital Surpluse2.8 B4.7 B2.7 B
Slightly volatile
Warrants87.3 M66 M68.9 M
Slightly volatile
Long Term Investments82.3 M82.8 M109.9 M
Slightly volatile
Short and Long Term Debt19.8 M20.8 M75.3 M
Pretty Stable
Non Current Liabilities Other1.2 M1.3 M8.5 M
Pretty Stable
Net Invested Capital5.2 B6.7 B4.3 B
Slightly volatile
Capital Stock2.3 M2.6 MM
Slightly volatile
Capital Lease Obligations72.3 M75.5 M66.6 M
Slightly volatile

CubeSmart Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Total Revenue1.3 B1.2 B657.5 M
Slightly volatile
Gross Profit903.8 M860.8 M453.4 M
Slightly volatile
Other Operating Expenses704.1 M670.6 M392.5 M
Slightly volatile
Operating Income583.4 M555.6 M263.9 M
Slightly volatile
EBITDA831.7 M792.1 M409.3 M
Slightly volatile
Total Operating Expenses153.6 M305.2 M178.6 M
Slightly volatile
Depreciation And Amortization170.3 M236.6 M199.6 M
Slightly volatile
Selling General Administrative72 M68.6 M40.4 M
Slightly volatile
Cost Of Revenue383.7 M365.4 M207.2 M
Slightly volatile
Extraordinary Items361.6 K380.6 K3.4 M
Slightly volatile
Discontinued Operations287.3 K302.4 K4.2 M
Slightly volatile
Preferred Stock And Other AdjustmentsM9.2 M7.3 M
Slightly volatile
Selling And Marketing Expenses16.1 M29.9 M14.4 M
Slightly volatile
Non Operating Income Net Other12.8 M12.2 M6.9 M
Slightly volatile
Interest Income64.4 M73.9 M57.9 M
Slightly volatile
Reconciled Depreciation220 M241.2 M182.3 M
Slightly volatile

CubeSmart Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow762 M725.7 M350.9 M
Slightly volatile
Begin Period Cash FlowM7.4 M12.8 M
Very volatile
Depreciation139.7 M241.2 M161.1 M
Slightly volatile
Dividends Paid557.6 M531 M240.5 M
Slightly volatile
Capital Expenditures37.3 M39.2 M118 M
Very volatile
Total Cash From Operating Activities762 M725.7 M357.4 M
Slightly volatile
End Period Cash Flow73.4 M69.9 M24.8 M
Slightly volatile
Change To Liabilities26.5 M25.2 M12.2 M
Slightly volatile
Stock Based Compensation13.9 M13.2 M6.7 M
Slightly volatile
Issuance Of Capital Stock129.2 M136 M175 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio6.068.198.9179
Pretty Stable
Dividend Yield0.04840.05480.0357
Slightly volatile
PTB Ratio2.133.042.998
Pretty Stable
Days Sales Outstanding11.5115.9410.8455
Very volatile
Book Value Per Share8.5611.7410.4355
Slightly volatile
Free Cash Flow Yield0.06150.05860.0572
Very volatile
Operating Cash Flow Per Share2.632.511.7651
Slightly volatile
Stock Based Compensation To Revenue0.01190.01240.0107
Pretty Stable
Capex To Depreciation0.680.710.8842
Slightly volatile
PB Ratio2.133.042.998
Pretty Stable
EV To Sales8.5210.711.8041
Pretty Stable
Free Cash Flow Per Share2.632.511.7498
Slightly volatile
Payables Turnover1.971.591.7431
Slightly volatile
Sales General And Administrative To Revenue0.08570.06440.0685
Slightly volatile
Capex To Revenue0.170.180.2568
Slightly volatile
Cash Per Share0.230.360.1265
Slightly volatile
POCF Ratio12.9613.8317.2898
Very volatile
Interest Coverage5.034.793.5096
Slightly volatile
Capex To Operating Cash Flow0.340.360.6101
Slightly volatile
PFCF Ratio10.9813.8317.5095
Slightly volatile
Days Payables Outstanding174237220
Slightly volatile
EV To Operating Cash Flow27.5423.1124.4297
Very volatile
EV To Free Cash Flow17.2418.0824.0216
Slightly volatile
Intangibles To Total Assets0.00180.00190.0052
Slightly volatile
Net Debt To EBITDA7.714.985.4551
Pretty Stable
Current Ratio0.480.580.2836
Slightly volatile
Tangible Book Value Per Share8.5111.710.3411
Slightly volatile
Receivables Turnover50.6330.2945.3717
Slightly volatile
Graham Number20.9919.9912.8277
Slightly volatile
Shareholders Equity Per Share7.4211.429.7161
Slightly volatile
Debt To Equity1.311.221.1034
Very volatile
Capex Per Share0.590.620.704
Pretty Stable
Revenue Per Share2.474.243.1972
Slightly volatile
Interest Debt Per Share13.0615.9710.9069
Slightly volatile
Debt To Assets0.560.550.486
Pretty Stable
Enterprise Value Over EBITDA23.2521.1721.0398
Very volatile
Short Term Coverage Ratios31.9130.3910.3712
Slightly volatile
Operating Cycle11.5115.9410.8455
Very volatile
Price Book Value Ratio2.133.042.998
Pretty Stable
Days Of Payables Outstanding174237220
Slightly volatile
Price To Operating Cash Flows Ratio12.9613.8317.2898
Very volatile
Price To Free Cash Flows Ratio10.9813.8317.5095
Slightly volatile
Operating Profit Margin0.220.410.3137
Slightly volatile
Company Equity Multiplier2.62.562.2315
Slightly volatile
Long Term Debt To Capitalization0.560.590.5105
Pretty Stable
Total Debt To Capitalization0.580.590.5206
Pretty Stable
Return On Capital Employed0.03680.07240.052
Slightly volatile
Debt Equity Ratio1.311.221.1034
Very volatile
Ebit Per Revenue0.220.410.3137
Slightly volatile
Quick Ratio0.480.580.2836
Slightly volatile
Dividend Paid And Capex Coverage Ratio0.971.231.3953
Slightly volatile
Cash Ratio0.260.210.097
Pretty Stable
Operating Cash Flow Sales Ratio0.350.530.4906
Slightly volatile
Days Of Sales Outstanding11.5115.9410.8455
Very volatile
Free Cash Flow Operating Cash Flow Ratio0.670.640.7076
Slightly volatile
Cash Flow Coverage Ratios0.10.190.1566
Slightly volatile
Price To Book Ratio2.133.042.998
Pretty Stable
Fixed Asset Turnover20.3819.4114.9265
Slightly volatile
Capital Expenditure Coverage Ratio3.082.94.6759
Slightly volatile
Price Cash Flow Ratio12.9613.8317.2898
Very volatile
Enterprise Value Multiple23.2521.1721.0398
Very volatile
Debt Ratio0.560.550.486
Pretty Stable
Cash Flow To Debt Ratio0.10.190.1566
Slightly volatile
Price Sales Ratio6.068.198.9179
Pretty Stable
Asset Turnover0.170.190.1539
Slightly volatile
Gross Profit Margin0.760.810.6892
Very volatile
Price Fair Value2.133.042.998
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 Earnings21.5054
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 Revenue44.8 M47 M
Total Revenue1.2 B1.3 B
Cost Of Revenue365.4 M383.7 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.06  0.09 
Capex To Revenue 0.18  0.17 
Revenue Per Share 4.24  2.47 
Ebit Per Revenue 0.41  0.22 

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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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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
(0.18)
Dividend Share
2.08
Earnings Share
1.55
Revenue Per Share
4.861
Quarterly Revenue Growth
0.053
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.