CubeSmart
NYSE:CUBE

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CubeSmart
NYSE:CUBE
Watchlist
Price: 36.39 USD -0.36% Market Closed
Market Cap: 8.3B USD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+14%
5Y
+66%
10Y
+158%
Operating Income
+
3Y
+43%
5Y
+90%
10Y
+361%
Net Income
+
3Y
+40%
5Y
+116%
10Y
+792%

Earnings Waterfall
CubeSmart

Revenue
1.1B USD
Cost of Revenue
-338.6m USD
Gross Profit
769.6m USD
Operating Expenses
-307.7m USD
Operating Income
461.9m USD
Other Expenses
-104.9m USD
Net Income
357m USD

Income Statement
CubeSmart

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Income Statement
Currency: USD
Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
16
16
20
26
30
32
32
32
34
38
42
44
48
50
52
54
56
55
55
54
54
50
48
47
47
45
44
43
44
42
43
41
46
47
46
48
44
44
45
44
43
44
46
48
49
48
47
46
46
47
48
51
53
55
57
58
60
61
62
63
64
67
70
73
75
77
77
78
79
79
80
80
87
90
94
99
97
98
99
98
97
96
96
95
95
98
105
112
Revenue
81
N/A
82
+1%
83
+2%
85
+2%
92
+8%
101
+10%
113
+13%
132
+17%
133
+0%
166
+25%
185
+12%
200
+8%
191
-5%
217
+14%
217
0%
216
0%
195
-9%
198
+1%
198
+0%
200
+1%
210
+5%
207
-2%
208
+0%
201
-3%
178
-11%
196
+10%
191
-2%
195
+2%
184
-6%
203
+10%
208
+3%
213
+2%
211
-1%
237
+12%
242
+2%
253
+4%
266
+5%
277
+4%
295
+6%
308
+4%
318
+3%
330
+4%
344
+4%
359
+4%
377
+5%
393
+4%
411
+4%
430
+5%
445
+3%
460
+3%
476
+4%
493
+3%
510
+4%
524
+3%
536
+2%
548
+2%
559
+2%
569
+2%
578
+2%
588
+2%
598
+2%
608
+2%
619
+2%
632
+2%
644
+2%
655
+2%
660
+1%
666
+1%
679
+2%
704
+4%
739
+5%
779
+5%
823
+6%
872
+6%
922
+6%
971
+5%
1 010
+4%
1 028
+2%
1 040
+1%
1 046
+1%
1 050
+0%
1 055
+0%
1 061
+1%
1 064
+0%
1 066
+0%
1 078
+1%
1 094
+1%
1 108
+1%
Gross Profit
Cost of Revenue
(28)
(29)
(30)
(31)
(36)
(39)
(43)
(50)
(50)
(63)
(72)
(79)
(78)
(89)
(89)
(91)
(83)
(85)
(87)
(88)
(89)
(88)
(90)
(87)
(77)
(85)
(83)
(84)
(79)
(88)
(89)
(90)
(88)
(96)
(97)
(100)
(104)
(107)
(112)
(114)
(118)
(121)
(125)
(128)
(133)
(138)
(144)
(150)
(153)
(156)
(159)
(162)
(166)
(171)
(174)
(179)
(182)
(186)
(190)
(192)
(197)
(200)
(200)
(205)
(210)
(213)
(217)
(220)
(224)
(227)
(237)
(245)
(231)
(262)
(271)
(284)
(271)
(294)
(295)
(296)
(270)
(301)
(309)
(313)
(292)
(324)
(330)
(339)
Gross Profit
53
N/A
53
+1%
53
0%
54
+1%
56
+4%
62
+11%
71
+14%
83
+17%
83
N/A
103
+25%
114
+10%
121
+7%
113
-7%
128
+13%
127
0%
125
-2%
112
-10%
113
+1%
111
-2%
112
+1%
121
+8%
118
-2%
118
-1%
114
-3%
101
-12%
110
+9%
109
-1%
111
+2%
106
-5%
115
+9%
119
+3%
123
+3%
123
+0%
140
+14%
145
+4%
153
+5%
163
+6%
170
+5%
183
+8%
193
+6%
200
+4%
209
+4%
220
+5%
231
+5%
244
+6%
256
+5%
267
+4%
280
+5%
291
+4%
304
+4%
317
+4%
331
+4%
344
+4%
354
+3%
363
+2%
369
+2%
377
+2%
383
+2%
388
+1%
396
+2%
401
+1%
408
+2%
419
+3%
428
+2%
434
+2%
442
+2%
443
+0%
446
+1%
456
+2%
477
+5%
503
+5%
535
+6%
592
+11%
611
+3%
651
+6%
687
+6%
739
+8%
734
-1%
745
+1%
750
+1%
780
+4%
755
-3%
752
0%
750
0%
774
+3%
754
-3%
764
+1%
770
+1%
Operating Income
Operating Expenses
(24)
(24)
(24)
(25)
(30)
(35)
(41)
(49)
(56)
(68)
(76)
(85)
(82)
(89)
(90)
(90)
(83)
(87)
(90)
(91)
(95)
(93)
(92)
(90)
(80)
(87)
(86)
(85)
(79)
(83)
(83)
(83)
(87)
(101)
(111)
(125)
(136)
(141)
(147)
(147)
(142)
(142)
(141)
(145)
(155)
(166)
(173)
(180)
(180)
(183)
(187)
(191)
(195)
(195)
(191)
(185)
(180)
(178)
(175)
(175)
(181)
(185)
(192)
(201)
(202)
(207)
(207)
(203)
(198)
(232)
(247)
(266)
(301)
(312)
(339)
(364)
(388)
(333)
(305)
(276)
(283)
(255)
(256)
(257)
(291)
(274)
(290)
(308)
Selling, General & Administrative
(4)
(4)
(4)
(5)
(8)
(10)
(12)
(14)
(19)
(21)
(22)
(26)
(22)
(23)
(24)
(23)
(22)
(23)
(24)
(23)
(25)
(25)
(24)
(24)
(23)
(23)
(24)
(25)
(25)
(26)
(26)
(24)
(25)
(25)
(25)
(26)
(26)
(27)
(29)
(29)
(30)
(29)
(28)
(28)
(28)
(29)
(29)
(29)
(28)
(29)
(30)
(31)
(33)
(34)
(35)
(35)
(35)
(34)
(33)
(35)
(38)
(38)
(40)
(40)
(39)
(41)
(42)
(43)
(41)
(44)
(45)
(46)
(69)
(51)
(54)
(55)
(77)
(55)
(55)
(56)
(82)
(58)
(58)
(58)
(86)
(60)
(60)
(63)
Depreciation & Amortization
(20)
(19)
(20)
(20)
(22)
(26)
(29)
(35)
(37)
(47)
(53)
(59)
(59)
(66)
(66)
(67)
(61)
(64)
(66)
(68)
(70)
(68)
(68)
(66)
(57)
(64)
(61)
(59)
(53)
(58)
(58)
(59)
(62)
(76)
(86)
(99)
(110)
(114)
(117)
(117)
(112)
(111)
(113)
(117)
(127)
(137)
(144)
(151)
(152)
(153)
(157)
(160)
(162)
(161)
(156)
(150)
(146)
(143)
(141)
(140)
(143)
(147)
(152)
(161)
(164)
(166)
(165)
(160)
(157)
(170)
(184)
(202)
(232)
(261)
(286)
(309)
(311)
(278)
(250)
(220)
(201)
(202)
(202)
(204)
(206)
(214)
(230)
(245)
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(18)
(18)
(18)
0
0
0
0
0
0
0
0
0
5
5
5
0
0
0
0
Operating Income
29
N/A
30
+3%
29
-2%
29
N/A
26
-12%
27
+4%
30
+11%
34
+14%
27
-20%
36
+32%
38
+6%
36
-4%
32
-13%
39
+23%
37
-5%
35
-6%
29
-16%
26
-10%
22
-17%
22
0%
26
+21%
26
-2%
26
+2%
24
-6%
21
-14%
23
+11%
23
0%
26
+12%
27
+3%
32
+18%
36
+13%
40
+11%
37
-8%
39
+6%
35
-12%
28
-19%
27
-4%
29
+8%
36
+23%
46
+28%
58
+27%
67
+16%
78
+16%
86
+10%
89
+4%
90
+1%
94
+4%
100
+7%
111
+11%
121
+9%
130
+8%
140
+7%
150
+7%
159
+6%
172
+8%
184
+7%
197
+7%
206
+4%
213
+4%
221
+4%
220
0%
223
+2%
227
+2%
227
+0%
232
+2%
235
+1%
236
+0%
243
+3%
258
+6%
245
-5%
256
+4%
269
+5%
291
+8%
299
+3%
311
+4%
322
+4%
351
+9%
401
+14%
440
+10%
474
+8%
497
+5%
500
+0%
496
-1%
493
-1%
483
-2%
480
-1%
474
-1%
462
-3%
Pre-Tax Income
Interest Income Expense
(16)
(16)
(20)
(26)
(30)
(32)
(31)
(31)
(32)
(35)
(39)
(41)
(46)
(50)
(52)
(54)
(56)
(55)
(55)
(54)
(54)
(49)
(48)
(47)
(47)
(44)
(44)
(43)
(44)
(43)
(43)
(41)
(46)
(47)
(46)
(42)
(37)
(38)
(38)
(44)
(44)
(47)
(50)
(54)
(55)
(53)
(51)
(47)
(47)
(48)
(50)
(53)
(56)
(58)
(59)
(60)
(61)
(62)
(63)
(64)
(65)
(67)
(59)
(62)
(64)
(66)
(77)
(78)
(78)
(79)
(79)
(79)
(61)
(65)
(68)
(27)
(48)
(47)
(48)
(92)
(91)
(92)
(92)
(92)
(92)
(96)
(103)
(109)
Non-Reccuring Items
0
0
0
0
(7)
(29)
(29)
(29)
(0)
(1)
(1)
(2)
(2)
(1)
(1)
(1)
(1)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
0
(2)
(3)
(4)
(8)
(6)
(6)
(6)
(3)
(5)
(7)
(7)
(7)
(5)
(3)
(2)
(1)
0
0
(0)
0
0
0
0
0
0
0
0
(18)
0
0
0
(34)
(30)
(31)
(31)
(11)
(1)
0
0
5
0
0
0
0
0
0
0
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(1)
(1)
(1)
(1)
(1)
(4)
(4)
(5)
(6)
(3)
(3)
(2)
(1)
(4)
0
(1)
(1)
1
0
0
0
18
0
0
0
0
0
0
0
0
0
0
0
11
0
0
0
2
0
0
0
7
0
0
36
33
0
0
4
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
0
0
0
0
(22)
(0)
(0)
(0)
0
(0)
(0)
(0)
0
0
0
0
1
(2)
(1)
(1)
0
(2)
(2)
(2)
1
(2)
(2)
(1)
0
1
0
(0)
(0)
0
0
0
0
0
0
0
0
(1)
(1)
(1)
(0)
(0)
(0)
(0)
(0)
18
19
19
1
1
0
1
1
1
1
0
0
10
10
12
1
2
2
0
(0)
7
7
1
3
22
22
(12)
0
(0)
(0)
(0)
1
2
1
2
1
2
2
3
Pre-Tax Income
13
N/A
14
+9%
9
-34%
3
-65%
(34)
N/A
(35)
-3%
(31)
+10%
(27)
+14%
(5)
+83%
(1)
+85%
(2)
-214%
(6)
-186%
(17)
-167%
(12)
+30%
(16)
-35%
(19)
-22%
(28)
-44%
(30)
-9%
(35)
-15%
(34)
+2%
(28)
+20%
(26)
+7%
(24)
+7%
(25)
-3%
(25)
-3%
(23)
+10%
(23)
+1%
(19)
+16%
(17)
+8%
(12)
+32%
(8)
+33%
(2)
+72%
(13)
-509%
(12)
+8%
(16)
-31%
(19)
-19%
(13)
+31%
(11)
+17%
(4)
+60%
1
N/A
10
+940%
16
+57%
23
+43%
26
+12%
26
+1%
31
+16%
37
+19%
47
+27%
79
+69%
86
+9%
93
+8%
99
+7%
88
-11%
98
+11%
110
+13%
123
+11%
136
+11%
145
+7%
151
+4%
157
+4%
166
+6%
167
+1%
178
+7%
177
0%
171
-3%
173
+1%
162
-6%
167
+3%
168
+0%
173
+3%
184
+7%
227
+23%
231
+2%
226
-2%
234
+4%
257
+10%
293
+14%
352
+20%
392
+11%
381
-3%
412
+8%
409
-1%
405
-1%
403
-1%
392
-3%
386
-2%
374
-3%
355
-5%
Net Income
Tax Provision
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Income from Continuing Operations
13
14
9
3
(34)
(35)
(31)
(27)
(5)
(1)
(2)
(6)
(17)
(12)
(16)
(19)
(28)
(30)
(35)
(34)
(28)
(26)
(24)
(25)
(25)
(23)
(23)
(19)
(17)
(12)
(8)
(2)
(13)
(12)
(16)
(19)
(13)
(11)
(4)
1
10
16
23
26
26
31
37
47
79
86
93
99
88
98
110
123
136
145
151
157
166
167
178
177
171
173
162
167
168
173
184
227
231
226
234
257
293
352
392
381
412
409
405
403
392
386
374
355
Income to Minority Interest
0
0
0
0
1
1
1
1
(0)
0
0
1
1
1
1
2
1
1
1
0
(0)
(1)
(0)
(1)
(1)
0
(0)
0
(1)
(1)
(2)
(3)
(2)
(3)
(3)
(2)
(1)
(1)
0
0
0
(0)
(0)
0
(0)
(0)
(0)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(2)
(1)
(1)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(3)
(4)
(7)
(7)
(6)
(4)
(2)
(1)
(2)
(2)
(2)
(2)
(2)
(1)
(1)
(1)
0
1
1
Net Income (Common)
16
N/A
17
+6%
12
-30%
5
-60%
(33)
N/A
(34)
-4%
(30)
+10%
(26)
+13%
2
N/A
(0)
N/A
(2)
-350%
(6)
-206%
(9)
-56%
(10)
-21%
(11)
-5%
(13)
-19%
(13)
+2%
(14)
-8%
(14)
N/A
(6)
+59%
3
N/A
5
+68%
2
-66%
4
+175%
(1)
N/A
(2)
-156%
(4)
-74%
(12)
-208%
(7)
+40%
(4)
+46%
1
N/A
10
+593%
(2)
N/A
(7)
-313%
(7)
+2%
(13)
-103%
(4)
+68%
(1)
+81%
(1)
N/A
14
N/A
35
+155%
40
+14%
46
+13%
38
-17%
20
-46%
24
+19%
30
+24%
40
+33%
72
+79%
79
+10%
86
+8%
92
+8%
80
-13%
91
+14%
104
+15%
118
+13%
134
+14%
144
+7%
150
+4%
155
+4%
164
+6%
165
+1%
176
+7%
175
0%
169
-4%
172
+1%
161
-6%
165
+3%
166
+0%
169
+2%
180
+6%
221
+23%
224
+1%
220
-2%
230
+4%
255
+11%
291
+14%
351
+20%
390
+11%
380
-3%
411
+8%
408
-1%
404
-1%
402
0%
391
-3%
386
-1%
375
-3%
357
-5%
EPS (Diluted)
0.48
N/A
0.51
+6%
0.36
-29%
0.14
-61%
-0.87
N/A
-0.92
-6%
-0.82
+11%
-0.71
+13%
0.03
N/A
-0.01
N/A
-0.03
-200%
-0.09
-200%
-0.15
-67%
-0.19
-27%
-0.18
+5%
-0.22
-22%
-0.22
N/A
-0.23
-5%
-0.23
N/A
-0.09
+61%
0.04
N/A
0.08
+100%
0.03
-63%
0.09
+200%
-0.01
N/A
-0.02
-100%
-0.04
-100%
-0.13
-225%
-0.07
+46%
-0.04
+43%
0.01
N/A
0.09
+800%
-0.01
N/A
-0.05
-400%
-0.05
N/A
-0.1
-100%
-0.03
+70%
0
N/A
0
N/A
0.1
N/A
0.25
+150%
0.28
+12%
0.31
+11%
0.24
-23%
0.13
-46%
0.15
+15%
0.18
+20%
0.23
+28%
0.42
+83%
0.45
+7%
0.49
+9%
0.52
+6%
0.45
-13%
0.51
+13%
0.58
+14%
0.66
+14%
0.74
+12%
0.8
+8%
0.83
+4%
0.85
+2%
0.88
+4%
0.89
+1%
0.94
+6%
0.9
-4%
0.88
-2%
0.9
+2%
0.84
-7%
0.86
+2%
0.85
-1%
0.84
-1%
0.88
+5%
1.1
+25%
1.09
-1%
0.97
-11%
1.01
+4%
1.14
+13%
1.29
+13%
1.55
+20%
1.72
+11%
1.67
-3%
1.82
+9%
1.8
-1%
1.78
-1%
1.77
-1%
1.72
-3%
1.69
-2%
1.64
-3%
1.56
-5%

See Also

Summary
CUBE intrinsic value, competitors valuation, and company profile.
DCF Valuation
CUBE stock valuation using Discount Cash Flow valuation method.
Relative Valuation
CUBE stock valuation using valuation multiples.
Wall Street Estimates
CUBE price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
CUBE stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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