CubeSmart CUBE

$ 45.02 -0.02%

Quarterly report 2026-Q1
added 10-30-2026

CubeSmart Income Statement 2025-2008 | CUBE

Brief overview of financial results at CubeSmart

The overview follows changes across a five-year period. According to figures from CubeSmart, revenue changed from $679 million to $1.1 billion over five years. The cumulative result was +65.4%, corresponding to roughly 10.6% per year. The company expanded its sales base at a healthy rate.

Gross profit changed from $456 million to $772 million (+69.4%). Revenue outpaced cost of revenue, allowing more sales to flow into gross profit. Comparing the endpoints gives gross margins of 67.1% and 68.7%. Gross profitability remained broadly stable.

Over the period, EBITDA shifted from 157 million dollars to 263 million dollars, a change of +68.1%. EBITDA moved broadly in line with revenue. EBITDA margin was 23.1% at the start and 23.4% at the end. The EBITDA margin stayed near its previous level.

Net income changed from 168 million dollars to 331 million dollars (+97.7%). Profit outpaced sales and strengthened the quality of growth.

The market value of the business moved from 6.3 billion dollars to 9.4 billion dollars, or +49.9%. Investors responded cautiously to the improvement in the business.

Summary assessment

The five-year financial profile is predominantly positive. The strongest signals are a larger revenue base, a stronger final result and consistent operating efficiency. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.

Annual Income Statement CubeSmart

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Market Cap	9.39 B	9.32 B	9.84 B	10.3 B	11.5 B	6.26 B	6.08 B	5.65 B	4.87 B	4.48 B	5.28 B	3.67 B	2.21 B	1.9 B	1.16 B	752 M	261 M	-
Shares	229 M	226 M	225 M	225 M	204 M	194 M	191 M	185 M	181 M	178 M	169 M	149 M	135 M	125 M	103 M	94 M	71 M	-
Historical Prices	41.1	41.2	43.6	45.7	56.5	32.3	28.9	25.3	24.5	21.7	24.2	17	11.9	10.6	7.44	8	3.68	12.6
Net Income	331 M	392 M	412 M	292 M	231 M	168 M	169 M	164 M	134 M	87.9 M	77.7 M	26.4 M	41.4 M	1.82 M	-398 K	-7.39 M	-937 K	-
Revenue	1.12 B	1.07 B	1.05 B	1.01 B	823 M	679 M	644 M	598 M	559 M	510 M	445 M	377 M	318 M	283 M	238 M	-	-	-
Cost of Revenue	351 M	318 M	295 M	293 M	252 M	224 M	210 M	197 M	182 M	166 M	153 M	133 M	118 M	103 M	87.6 M	85.8 M	88.4 M	-
Gross Profit	772 M	748 M	756 M	716 M	570 M	456 M	434 M	401 M	377 M	344 M	291 M	244 M	200 M	172 M	138 M	-	-	-
Operating Income	-	-	-	-	-	-	-	-	196 M	143 M	108 M	81.5 M	58.3 M	32.2 M	45.5 M	29.6 M	25.7 M	-
Interest Expense	2.72 M	1.16 M	6.28 M	-10.4 M	-10.8 M	-240 K	1.42 M	206 K	872 K	1.06 M	-228 K	-405 K	8 K	256 K	-83 K	386 K	648 K	-
EBITDA	263 M	210 M	205 M	315 M	232 M	157 M	396 M	363 M	343 M	311 M	263 M	216 M	171 M	146 M	114 M	88.5 M	92.7 M	-
Operating Expenses	772 M	748 M	756 M	716 M	570 M	456 M	202 M	181 M	180 M	195 M	180 M	155 M	142 M	140 M	92.9 M	-	-	-
General and Administrative Expenses	64.7 M	59.7 M	57 M	54.6 M	47.8 M	41.4 M	38.6 M	37.7 M	34.7 M	32.8 M	28.4 M	28.4 M	29.6 M	26.1 M	24.7 M	25.4 M	22.6 M	-

All numbers in USD currency

Quarterly Income Statement CubeSmart

	2026-Q1	2025-Q4	2025-Q3	2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
Shares	228 M	-4 K	229 M	229 M	229 M	412 K	226 M	226 M	226 M	44 K	225 M	225 M	225 M	45 K	225 M	225 M	225 M	2.9 M	202 M	201 M	199 M	495 K	194 M	194 M	194 M	904 K	193 M	190 M	187 M	617 K	186 M	184 M	182 M	307 M	180 M	180 M	180 M	607 K	179 M	178 M	176 M	1.46 M	169 M	167 M	166 M	4.19 M	150 M	145 M	140 M	139 M	135 M	134 M	133 M	1.53 M	124 M	123 M	122 M	4.14 M	98.9 M	98.8 M	98.8 M
Net Income	82.9 M	78.7 M	82.9 M	83 M	89.2 M	102 M	101 M	94 M	94.5 M	113 M	103 M	97.9 M	97.6 M	81.9 M	113 M	58.4 M	38.2 M	45.3 M	87.6 M	48.8 M	41.7 M	42.3 M	46.9 M	38.5 M	37.9 M	42.5 M	42.2 M	49.4 M	35.5 M	48.6 M	42.9 M	38.4 M	34.4 M	39.9 M	37.3 M	32.5 M	25 M	26.8 M	23.4 M	18.9 M	14.2 M	37.1 M	16.9 M	12.2 M	6.93 M	5.48 M	6.98 M	6.38 M	3.03 M	22.9 M	16.3 M	2.55 M	-392 K	1.48 M	134 K	1.04 M	-5.34 M	-8.01 M	6.83 M	902 K	-117 K
Revenue	282 M	283 M	285 M	282 M	273 M	268 M	271 M	266 M	261 M	265 M	268 M	261 M	257 M	261 M	261 M	249 M	239 M	222 M	213 M	199 M	189 M	179 M	173 M	164 M	164 M	166 M	167 M	159 M	153 M	154 M	153 M	148 M	143 M	-	-280 K	-253 K	-772 K	-	-581 K	-724 K	-512 K	-	139 K	-100 K	-238 K	-	-1.86 M	-1.73 M	-1.37 M	-	-	-	-	-	-284 K	-210 K	-251 K	-	-24 K	-	-
Cost of Revenue	90.1 M	-183 M	90.8 M	89 M	82.9 M	-121 M	81.9 M	83.1 M	77 M	-68.6 M	77.5 M	74.8 M	71.1 M	-18.2 M	76.7 M	73.5 M	70.6 M	63.1 M	64.1 M	63.8 M	61.2 M	55.4 M	57.1 M	55.3 M	55.7 M	54.7 M	53.5 M	50.1 M	51.4 M	49.8 M	48.8 M	49.5 M	48.8 M	44.7 M	47.2 M	44.8 M	44.9 M	42.2 M	41.8 M	41.6 M	40.2 M	38.2 M	39.3 M	38.2 M	37.4 M	34.7 M	33.6 M	32.1 M	32.3 M	-	30 M	28.5 M	29.2 M	26.7 M	27.1 M	26.7 M	25.9 M	16.1 M	24.1 M	23.9 M	24.7 M
Gross Profit	192 M	466 M	194 M	193 M	190 M	389 M	189 M	183 M	184 M	334 M	190 M	186 M	185 M	279 M	185 M	175 M	168 M	159 M	148 M	135 M	128 M	123 M	115 M	108 M	108 M	111 M	113 M	109 M	101 M	104 M	105 M	98.3 M	94.1 M	-	-47.4 M	-45.1 M	-45.6 M	-	-42.4 M	-42.3 M	-40.7 M	-	-39.2 M	-38.3 M	-37.7 M	-	-35.5 M	-33.8 M	-33.7 M	-	-	-	-	-	-27.4 M	-26.9 M	-26.2 M	-	-24.1 M	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59.6 M	54.9 M	50.4 M	55.5 M	52.3 M	47.5 M	40.4 M	41.7 M	39.5 M	33 M	28.7 M	31.8 M	29.7 M	25.7 M	20.7 M	17.8 M	23.1 M	22 M	18.6 M	-	16.2 M	13.9 M	8.9 M	5.01 M	6.7 M	7.21 M	6.64 M	4.02 M	13.3 M	10.4 M	9.76 M
Interest Expense	-195 K	238 K	1.37 M	306 K	809 K	414 K	721 K	88 K	-65 K	5.9 M	-119 K	777 K	-276 K	-684 K	-15 K	-493 K	-9.16 M	-12.4 M	539 K	377 K	677 K	-448 K	45 K	-456 K	619 K	112 K	1.65 M	-178 K	-165 K	-54 K	-233 K	189 K	304 K	-69 K	741 K	308 K	-108 K	228 K	-397 K	901 K	330 K	584 K	-288 K	-208 K	-316 K	698 K	-337 K	-173 K	-593 K	-	-22 K	-187 K	-73 K	268 K	166 K	-107 K	-71 K	96 K	8 K	-193 K	6 K
EBITDA	61.4 M	65.8 M	66.7 M	66.5 M	59.2 M	52.7 M	51.2 M	51 M	50.7 M	50.6 M	50 M	50.4 M	50.3 M	69.4 M	79.6 M	79 M	82.6 M	68.2 M	55.9 M	54.1 M	53.8 M	37.8 M	38.1 M	39.9 M	40.8 M	41.1 M	43.4 M	40.7 M	38.4 M	38.1 M	94.8 M	89.9 M	85.4 M	90.4 M	88.2 M	84.3 M	78.5 M	80.9 M	81.3 M	74.5 M	68.1 M	68.9 M	68.4 M	63.8 M	58.6 M	54.4 M	54.7 M	52.5 M	46.7 M	-	44.7 M	42.3 M	37.9 M	35.8 M	35.4 M	34.3 M	31.7 M	20.4 M	28.9 M	25.8 M	25 M
Operating Expenses	192 M	-	-	-	-	-	-	-	-	-	-	-	-	279 M	185 M	175 M	168 M	159 M	148 M	135 M	128 M	123 M	115 M	108 M	108 M	111 M	113 M	109 M	101 M	104 M	45 M	43.4 M	43.7 M	-55.5 M	-99.7 M	-92.6 M	-86 M	-41.7 M	-81.9 M	-75.3 M	-69.5 M	-31.8 M	-68.9 M	-64 M	-58.3 M	-17.8 M	-58.6 M	-55.8 M	-52.3 M	-	-	-	-	-5.01 M	-34.1 M	-34.1 M	-32.8 M	-4.02 M	-37.4 M	-	-
General and Administrative Expenses	17.2 M	17.2 M	16.5 M	14.9 M	16.1 M	15.2 M	14.3 M	14.6 M	15.6 M	14 M	14.1 M	14.3 M	14.7 M	13 M	13.4 M	13.7 M	14.5 M	13.2 M	12.1 M	11.6 M	10.9 M	11.3 M	10.2 M	9.54 M	10.4 M	9.6 M	10 M	9.8 M	9.15 M	10.8 M	9.78 M	8.34 M	8.74 M	8.22 M	8.23 M	8.8 M	9.49 M	8.64 M	8.06 M	7.89 M	8.23 M	7.08 M	7 M	7.11 M	7.17 M	7.33 M	7.46 M	7.06 M	6.57 M	-	7.33 M	7.52 M	7.61 M	6.55 M	6.86 M	6.28 M	6.44 M	6.34 M	5.48 M	6.84 M	6.03 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company CubeSmart (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

How much revenue the company earned
How much it spent on production, personnel, marketing, taxes, etc.
What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features

The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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CubeSmart Income Statement 2025-2008 | CUBE

Brief overview of financial results at CubeSmart

Summary assessment

Annual Income Statement CubeSmart

Market Cap

Shares

Historical Prices

Net Income

Revenue

Cost of Revenue

Gross Profit

Operating Income

Interest Expense

EBITDA

Operating Expenses

General and Administrative Expenses

Annual performance