CubeSmart Historical Income Statement

CUBE Stock

USD 50.14 0.22 0.44%

Historical analysis of CubeSmart income statement accounts such as Total Revenue of 1.1 B, Gross Profit of 793.3 M or Other Operating Expenses of 276.6 M can show how well CubeSmart performed in making a profits. Evaluating CubeSmart income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CubeSmart's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining CubeSmart latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CubeSmart is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CubeSmart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade CubeSmart Stock refer to our How to Trade CubeSmart Stock guide.

About CubeSmart Income Statement Analysis

CubeSmart Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CubeSmart shareholders. The income statement also shows CubeSmart investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

CubeSmart Income Statement Chart

At present, CubeSmart's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 738.3 M, whereas Other Operating Expenses is forecasted to decline to about 276.6 M.

Total Revenue Gross Profit Other Operating Expenses Operating Income Selling General Administrative Cost Of Revenue

Total Revenue

Total revenue comprises all receipts CubeSmart generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of CubeSmart minus its cost of goods sold. It is profit before CubeSmart operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CubeSmart. It is also known as CubeSmart overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from CubeSmart operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of CubeSmart is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Cost Of Revenue

Cost of Revenue is found on CubeSmart income statement and represents the costs associated with goods and services CubeSmart provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most accounts from CubeSmart's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CubeSmart current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CubeSmart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade CubeSmart Stock refer to our How to Trade CubeSmart Stock guide.At present, CubeSmart's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 738.3 M, whereas Other Operating Expenses is forecasted to decline to about 276.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	570.5M	716.4M	755.6M	793.3M
Total Revenue	822.6M	1.0B	1.1B	1.1B

Gross Profit Total Revenue

CubeSmart income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Cost Of Revenue	Income Before Tax	Extraordinary Items	Total Other Income Expense Net	Minority Interest	Discontinued Operations	Net Income From Continuing Ops	Selling And Marketing Expenses	Non Recurring	Non Operating Income Net Other	Interest Income	Net Interest Income	Reconciled Depreciation
Interest Expense		0.82	0.8	0.86	0.62	0.3	0.81	0.53	0.55	0.52	0.72	0.99	0.97	0.69	-0.34	-0.43	0.07	-0.51	0.73	0.83	0.36	0.74	0.82	-0.73	0.65
Total Revenue	0.82		1.0	0.7	0.92	0.62	1.0	0.86	0.88	0.24	0.64	0.84	0.83	0.96	-0.43	-0.74	-0.13	-0.56	0.98	0.86	0.36	0.87	0.87	-0.9	0.77
Gross Profit	0.8	1.0		0.67	0.94	0.63	1.0	0.87	0.89	0.2	0.63	0.82	0.82	0.97	-0.43	-0.76	-0.16	-0.56	0.98	0.86	0.35	0.87	0.87	-0.91	0.79
Other Operating Expenses	0.86	0.7	0.67		0.37	-0.03	0.69	0.26	0.3	0.74	0.88	0.86	0.88	0.5	-0.33	-0.07	0.22	-0.5	0.56	0.68	0.42	0.58	0.62	-0.57	0.68
Operating Income	0.62	0.92	0.94	0.37		0.81	0.93	0.97	0.98	-0.09	0.36	0.65	0.63	0.98	-0.37	-0.92	-0.3	-0.45	0.97	0.77	0.23	0.82	0.81	-0.87	0.66
Ebit	0.3	0.62	0.63	-0.03	0.81		0.61	0.84	0.86	-0.43	-0.21	0.32	0.28	0.74	-0.27	-0.79	-0.45	-0.33	0.71	0.32	0.22	0.52	0.57	-0.46	0.21
Ebitda	0.81	1.0	1.0	0.69	0.93	0.61		0.86	0.88	0.23	0.65	0.83	0.83	0.97	-0.43	-0.74	-0.14	-0.55	0.98	0.87	0.34	0.87	0.86	-0.91	0.81
Total Operating Expenses	0.53	0.86	0.87	0.26	0.97	0.84	0.86		0.97	-0.21	0.25	0.57	0.52	0.92	-0.27	-0.93	-0.39	-0.35	0.9	0.69	0.21	0.7	0.67	-0.78	0.61
Net Income	0.55	0.88	0.89	0.3	0.98	0.86	0.88	0.97		-0.23	0.26	0.59	0.57	0.95	-0.34	-0.88	-0.37	-0.42	0.94	0.69	0.23	0.74	0.76	-0.78	0.59
Income Tax Expense	0.52	0.24	0.2	0.74	-0.09	-0.43	0.23	-0.21	-0.23		0.7	0.46	0.5	0.03	-0.31	0.26	0.53	-0.39	0.09	0.32	0.26	0.19	0.22	-0.24	0.34
Depreciation And Amortization	0.72	0.64	0.63	0.88	0.36	-0.21	0.65	0.25	0.26	0.7		0.73	0.76	0.49	-0.28	-0.16	0.26	-0.37	0.53	0.78	0.21	0.58	0.52	-0.68	0.8
Selling General Administrative	0.99	0.84	0.82	0.86	0.65	0.32	0.83	0.57	0.59	0.46	0.73		0.97	0.72	-0.28	-0.44	0.06	-0.45	0.75	0.85	0.35	0.72	0.81	-0.73	0.69
Cost Of Revenue	0.97	0.83	0.82	0.88	0.63	0.28	0.83	0.52	0.57	0.5	0.76	0.97		0.73	-0.42	-0.42	0.09	-0.56	0.76	0.88	0.38	0.75	0.85	-0.74	0.7
Income Before Tax	0.69	0.96	0.97	0.5	0.98	0.74	0.97	0.92	0.95	0.03	0.49	0.72	0.73		-0.45	-0.85	-0.21	-0.53	1.0	0.83	0.26	0.88	0.87	-0.9	0.73
Extraordinary Items	-0.34	-0.43	-0.43	-0.33	-0.37	-0.27	-0.43	-0.27	-0.34	-0.31	-0.28	-0.28	-0.42	-0.45		0.25	-0.07	0.96	-0.46	-0.37	-0.6	-0.42	-0.5	0.38	-0.26
Total Other Income Expense Net	-0.43	-0.74	-0.76	-0.07	-0.92	-0.79	-0.74	-0.93	-0.88	0.26	-0.16	-0.44	-0.42	-0.85	0.25		0.36	0.28	-0.82	-0.66	-0.07	-0.69	-0.64	0.79	-0.5
Minority Interest	0.07	-0.13	-0.16	0.22	-0.3	-0.45	-0.14	-0.39	-0.37	0.53	0.26	0.06	0.09	-0.21	-0.07	0.36		-0.06	-0.18	0.03	-0.04	0.02	0.01	0.08	-0.12
Discontinued Operations	-0.51	-0.56	-0.56	-0.5	-0.45	-0.33	-0.55	-0.35	-0.42	-0.39	-0.37	-0.45	-0.56	-0.53	0.96	0.28	-0.06		-0.55	-0.44	-0.71	-0.5	-0.59	0.45	-0.31
Net Income From Continuing Ops	0.73	0.98	0.98	0.56	0.97	0.71	0.98	0.9	0.94	0.09	0.53	0.75	0.76	1.0	-0.46	-0.82	-0.18	-0.55		0.84	0.29	0.89	0.88	-0.91	0.74
Selling And Marketing Expenses	0.83	0.86	0.86	0.68	0.77	0.32	0.87	0.69	0.69	0.32	0.78	0.85	0.88	0.83	-0.37	-0.66	0.03	-0.44	0.84		0.17	0.8	0.81	-0.89	0.85
Non Recurring	0.36	0.36	0.35	0.42	0.23	0.22	0.34	0.21	0.23	0.26	0.21	0.35	0.38	0.26	-0.6	-0.07	-0.04	-0.71	0.29	0.17		0.16	0.27	-0.13	0.09
Non Operating Income Net Other	0.74	0.87	0.87	0.58	0.82	0.52	0.87	0.7	0.74	0.19	0.58	0.72	0.75	0.88	-0.42	-0.69	0.02	-0.5	0.89	0.8	0.16		0.9	-0.92	0.64
Interest Income	0.82	0.87	0.87	0.62	0.81	0.57	0.86	0.67	0.76	0.22	0.52	0.81	0.85	0.87	-0.5	-0.64	0.01	-0.59	0.88	0.81	0.27	0.9		-0.83	0.57
Net Interest Income	-0.73	-0.9	-0.91	-0.57	-0.87	-0.46	-0.91	-0.78	-0.78	-0.24	-0.68	-0.73	-0.74	-0.9	0.38	0.79	0.08	0.45	-0.91	-0.89	-0.13	-0.92	-0.83		-0.76
Reconciled Depreciation	0.65	0.77	0.79	0.68	0.66	0.21	0.81	0.61	0.59	0.34	0.8	0.69	0.7	0.73	-0.26	-0.5	-0.12	-0.31	0.74	0.85	0.09	0.64	0.57	-0.76

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CubeSmart Account Relationship Matchups

CubeSmart income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	72.5M	75.9M	78.4M	93.3M	97.3M	49.9M
Total Revenue	643.9M	679.2M	822.6M	1.0B	1.1B	1.1B
Gross Profit	434.2M	455.5M	570.5M	716.4M	755.6M	793.3M
Other Operating Expenses	411.8M	421.6M	532.0M	658.5M	351.8M	276.6M
Operating Income	241.8M	254.8M	296.9M	385.8M	703.1M	738.3M
Ebit	241.8M	(7.5M)	16.0M	37.9M	501.9M	527.0M
Ebitda	405.3M	414.1M	547.9M	696.4M	703.1M	738.3M
Total Operating Expenses	202.1M	198.0M	279.9M	365.2M	755.6M	793.3M
Net Income	84.1M	89.8M	130.6M	199.2M	410.8M	431.3M
Income Tax Expense	86.7M	77.8M	100.2M	93.3M	1.7M	1.6M
Depreciation And Amortization	163.5M	421.6M	532.0M	658.5M	201.2M	180.7M
Selling General Administrative	38.6M	41.4M	47.8M	54.6M	57.0M	32.8M
Cost Of Revenue	209.7M	223.6M	252.1M	293.3M	294.8M	148.6M
Income Before Tax	170.8M	167.6M	230.8M	292.5M	412.4M	433.1M
Net Income Applicable To Common Shares	169.1M	165.6M	223.5M	291.3M	335.0M	351.7M
Total Other Income Expense Net	(71.0M)	(89.9M)	(59.8M)	(58.7M)	(290.7M)	(276.2M)
Minority Interest	1.7M	2.0M	7.3M	(1.2M)	(1.5M)	(1.4M)
Research Development	0.26	0.25	0.28	0.29	0.39	0.41
Net Income From Continuing Ops	170.8M	167.6M	230.8M	292.5M	381.5M	400.5M
Selling And Marketing Expenses	11.5M	16.9M	21M	22.4M	24.5M	15.0M
Net Interest Income	(75.3M)	(96.6M)	(86.6M)	(97.2M)	(98.1M)	(103.0M)
Reconciled Depreciation	166.4M	159.2M	232.0M	314.5M	224.2M	218.5M

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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:

How To Invest In CubeSmart

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Is CubeSmart Stock a good investment?

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What is CubeSmart's Net Worth?

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Largest Self-Storage REITs Companies

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For information on how to trade CubeSmart Stock refer to our How to Trade CubeSmart Stock guide.

You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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.

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CubeSmart Historical Income Statement

About CubeSmart Income Statement Analysis

CubeSmart Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Cost Of Revenue

CubeSmart income statement Correlations

CubeSmart Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CubeSmart income statement Accounts

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Gross Profit	+ 1.0	Total Revenue
Ebitda	+ 1.0	Total Revenue
Ebitda	+ 1.0	Gross Profit
Net Income From Continuing Ops	+ 1.0	Income Before Tax
Selling General Administrative	+ 0.99	Interest Expense
Net Income From Continuing Ops	+ 0.98	Total Revenue

Total Other Income Expense Net	- 0.93	Total Operating Expenses
Net Interest Income	- 0.92	Non Operating Income Net Other
Total Other Income Expense Net	- 0.92	Operating Income
Net Interest Income	- 0.91	Net Income From Continuing Ops
Net Interest Income	- 0.91	Ebitda
Net Interest Income	- 0.91	Gross Profit