CubeSmart Financial Statements From 2010 to 2025

CUBE Stock  USD 41.97  0.48  1.16%   
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
778.1 M
Profit Margin
0.3767
Market Capitalization
9.4 B
Enterprise Value Revenue
11.6492
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

1.27 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 117.5 M, Total Revenue of 1.3 B or Gross Profit of 912.3 M, as well as many indicators such as Price To Sales Ratio of 6.01, Dividend Yield of 0.0474 or PTB Ratio of 2.1. 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 Assets7.5 B7.2 B4.1 B
Slightly volatile
Total Stockholder Equity3.4 B3.2 B1.9 B
Slightly volatile
Common Stock Shares Outstanding273.2 M260.2 M177.7 M
Slightly volatile
Liabilities And Stockholders Equity7.5 B7.2 B4.1 B
Slightly volatile
Other Stockholder EquityB4.8 B2.8 B
Slightly volatile
Total LiabilitiesB3.8 B2.2 B
Slightly volatile
Short and Long Term Debt Total3.6 B3.4 BB
Slightly volatile
Other Liabilities27.2 M45.8 M29.8 M
Slightly volatile
Property Plant And Equipment Net43.2 M45.4 M1.4 B
Slightly volatile
Net Debt3.6 B3.4 B1.9 B
Slightly volatile
Accounts Payable80.5 M40.6 M91.2 M
Slightly volatile
Cash5.6 M5.9 M12.2 M
Very volatile
Non Current Assets Total7.4 BB4.1 B
Slightly volatile
Long Term Debt3.5 B3.3 B1.9 B
Slightly volatile
Cash And Short Term Investments5.6 M5.9 M12.2 M
Very volatile
Short Term Investments144.6 M137.7 M59.4 M
Slightly volatile
Non Current Liabilities TotalB3.8 BB
Slightly volatile
Property Plant And Equipment Gross43.2 M45.4 M176 M
Slightly volatile
Total Current Assets108.2 M103 M40.5 M
Slightly volatile
Total Current Liabilities250.1 M429.9 M266.1 M
Slightly volatile
Common Stock Total Equity1.5 M2.6 M1.7 M
Slightly volatile
Common Stock1.5 M2.6 M1.7 M
Slightly volatile
Current Deferred Revenue46.5 M44.3 M25 M
Slightly volatile
Short Term Debt5.2 M5.4 M187.5 M
Very volatile
Intangible AssetsM2.1 M18.2 M
Very volatile
Net Receivables40.1 M38.2 M18.1 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 Investments83.1 M88.5 M111.4 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 Capital5.1 B6.6 B4.2 B
Slightly volatile
Capital Stock2.3 M2.6 MM
Slightly volatile
Capital Lease Obligations72.3 M75.6 M66.7 M
Slightly volatile

CubeSmart Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Total Revenue1.3 B1.2 B628.9 M
Slightly volatile
Gross Profit912.3 M868.9 M433.5 M
Slightly volatile
Other Operating Expenses276.6 M404.6 M344.7 M
Slightly volatile
Operating Income849 M808.6 M277.8 M
Slightly volatile
EBITDA849 M808.6 M398 M
Slightly volatile
Total Operating Expenses153.1 M93.8 M167.1 M
Slightly volatile
Depreciation And Amortization180.7 M231.4 M215 M
Slightly volatile
Selling General Administrative32.8 M65.6 M36.5 M
Slightly volatile
Cost Of Revenue355.9 M339 M198.7 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 Depreciation218.5 M257.9 M181.6 M
Slightly volatile

CubeSmart Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow7.6 MM13.2 M
Pretty Stable
Depreciation135.8 M236.2 M158.1 M
Slightly volatile
Capital Expenditures34.1 M35.9 M134.3 M
Pretty Stable
Total Cash From Operating Activities737.9 M702.8 M337.4 M
Slightly volatile
Net Income496 M472.4 M175 M
Slightly volatile
End Period Cash FlowM7.4 M13.4 M
Very volatile
Change To Liabilities26.5 M25.2 M11.6 M
Slightly volatile
Stock Based Compensation12.2 M11.6 M6.2 M
Slightly volatile
Issuance Of Capital Stock5.3 M5.6 M155.6 M
Very volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio6.018.958.9511
Pretty Stable
Dividend Yield0.04740.04870.0345
Slightly volatile
PTB Ratio2.13.362.9924
Pretty Stable
Days Sales Outstanding11.2413.2610.4727
Pretty Stable
Book Value Per Share8.4811.510.2521
Slightly volatile
Operating Cash Flow Per Share2.562.441.6925
Slightly volatile
Stock Based Compensation To Revenue0.01190.0110.0106
Slightly volatile
Capex To Depreciation0.140.150.7487
Slightly volatile
PB Ratio2.13.362.9924
Pretty Stable
EV To Sales8.2311.5111.8326
Slightly volatile
Payables Turnover7.97.523.6276
Slightly volatile
Sales General And Administrative To Revenue0.08680.06250.0693
Slightly volatile
Average Inventory7.1 M7.5 M29.8 M
Slightly volatile
Capex To Revenue0.04460.0470.2291
Slightly volatile
Cash Per Share0.03160.03330.0836
Pretty Stable
POCF Ratio12.9515.3917.5106
Very volatile
Interest Coverage6.836.53.7741
Slightly volatile
Capex To Operating Cash Flow0.07620.08020.562
Slightly volatile
Days Payables Outstanding37.3439.31151
Pretty Stable
Income Quality1.271.346.2912
Slightly volatile
EV To Operating Cash Flow19.1919.7823.978
Pretty Stable
Intangibles To Total Assets3.0E-43.0E-40.0052
Slightly volatile
Net Debt To EBITDA6.934.885.4588
Slightly volatile
Current Ratio0.320.350.296
Slightly volatile
Tangible Book Value Per Share8.4311.4910.1565
Slightly volatile
Receivables Turnover52.1736.447.0396
Pretty Stable
Graham Number21.3220.3111.2765
Slightly volatile
Shareholders Equity Per Share7.3111.179.5079
Slightly volatile
Debt To Equity1.191.231.0995
Very volatile
Capex Per Share0.20.210.603
Slightly volatile
Revenue Per Share2.424.193.0964
Slightly volatile
Interest Debt Per Share8.5812.3210.2165
Slightly volatile
Debt To Assets0.520.550.4842
Pretty Stable
Enterprise Value Over EBITDA22.5421.9721.1556
Very volatile
Short Term Coverage Ratios2.12.683.0238
Very volatile
Price Book Value Ratio2.13.362.9924
Pretty Stable
Days Of Payables Outstanding37.3439.31151
Pretty Stable
Price To Operating Cash Flows Ratio12.9515.3917.5106
Very volatile
Operating Profit Margin0.630.60.3571
Slightly volatile
Company Equity Multiplier2.62.562.2318
Slightly volatile
Long Term Debt To Capitalization0.540.580.5051
Pretty Stable
Total Debt To Capitalization0.560.590.5198
Pretty Stable
Return On Capital Employed0.110.12020.0597
Slightly volatile
Debt Equity Ratio1.191.231.0995
Very volatile
Ebit Per Revenue0.630.60.3571
Slightly volatile
Dividend Paid And Capex Coverage Ratio1.691.591.4466
Pretty Stable
Cash Ratio0.01910.02010.1919
Slightly volatile
Operating Cash Flow Sales Ratio0.340.520.483
Slightly volatile
Days Of Sales Outstanding11.2413.2610.4727
Pretty Stable
Cash Flow Coverage Ratios0.120.180.1539
Slightly volatile
Price To Book Ratio2.13.362.9924
Pretty Stable
Fixed Asset Turnover19.6618.737.7344
Slightly volatile
Capital Expenditure Coverage Ratio13.5612.916.7108
Slightly volatile
Price Cash Flow Ratio12.9515.3917.5106
Very volatile
Enterprise Value Multiple22.5421.9721.1556
Very volatile
Debt Ratio0.520.550.4842
Pretty Stable
Cash Flow To Debt Ratio0.120.180.1539
Slightly volatile
Price Sales Ratio6.018.958.9511
Pretty Stable
Asset Turnover0.170.190.1531
Slightly volatile
Gross Profit Margin0.770.830.7007
Pretty Stable
Price Fair Value2.13.362.9924
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 Earnings23.3645
Cash And Short Term Investments6.5 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 Revenue44.3 M46.5 M
Total Revenue1.2 B1.3 B
Cost Of Revenue339 M355.9 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 4.19  2.42 
Ebit Per Revenue 0.60  0.63 

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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
(0.02)
Dividend Share
2.04
Earnings Share
1.78
Revenue Per Share
4.724
Quarterly Revenue Growth
0.008
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.