CUBE
Income statement / Annual
Last year (2024), CubeSmart's total revenue was $1.07 B,
an increase of 1.51% from the previous year.
In 2024, CubeSmart's net income was $391.18 M.
See CubeSmart,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$1.07 B |
$1.05 B |
$1.01 B |
$822.56 M |
$679.36 M |
$655.04 M |
$597.94 M |
$558.94 M |
$510.04 M |
$444.52 M |
| Cost of Revenue |
$317.75 M
|
$294.78 M
|
$293.26 M
|
$252.10 M
|
$206.73 M
|
$198.24 M
|
$196.87 M
|
$181.51 M
|
$165.85 M
|
$153.17 M
|
| Gross Profit |
$748.48 M
|
$755.55 M
|
$716.36 M
|
$570.46 M
|
$472.62 M
|
$456.80 M
|
$401.08 M
|
$377.44 M
|
$344.19 M
|
$291.35 M
|
| Gross Profit Ratio |
0.7
|
0.72
|
0.71
|
0.69
|
0.7
|
0.7
|
0.67
|
0.68
|
0.67
|
0.66
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.28
|
$0.24
|
$0.17
|
$0.00
|
| General & Administrative Expenses |
$59.66 M
|
$57.04 M
|
$54.62 M
|
$47.81 M
|
$41.42 M
|
$38.56 M
|
$37.71 M
|
$34.75 M
|
$32.82 M
|
$28.37 M
|
| Selling & Marketing Expenses |
$26.00 M
|
$0.00
|
$22.40 M
|
$21.00 M
|
$16.90 M
|
$11.50 M
|
$10.30 M
|
$9.70 M
|
$9.40 M
|
$8.60 M
|
| Selling, General & Administrative Expenses |
$85.66 M
|
$57.04 M
|
$77.02 M
|
$68.81 M
|
$58.32 M
|
$50.06 M
|
$48.01 M
|
$44.45 M
|
$42.22 M
|
$36.97 M
|
| Other Expenses |
$179.70 M
|
$201.24 M
|
$288.21 M
|
$211.05 M
|
$0.00
|
$0.00
|
$206.00 K
|
$872.00 K
|
$1.06 M
|
-$228.00 K
|
| Operating Expenses |
$265.37 M
|
$258.28 M
|
$365.23 M
|
$279.86 M
|
$58.32 M
|
$50.06 M
|
$181.06 M
|
$180.43 M
|
$194.69 M
|
$180.16 M
|
| Cost And Expenses |
$583.12 M
|
$553.06 M
|
$658.49 M
|
$531.96 M
|
$265.06 M
|
$248.30 M
|
$377.93 M
|
$361.93 M
|
$360.54 M
|
$333.33 M
|
| Interest Income |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Depreciation & Amortization |
$205.70 M
|
$205.38 M
|
$310.61 M
|
$232.05 M
|
$156.57 M
|
$163.55 M
|
$380.14 M
|
$363.63 M
|
$367.51 M
|
$151.79 M
|
| EBITDA |
$688.82 M |
$710.88 M |
$661.74 M |
$522.65 M |
$414.30 M |
$406.74 M |
$363.47 M |
$339.54 M |
$306.97 M |
$260.02 M |
| EBITDA Ratio |
0.65
|
0.68
|
0.66
|
0.64
|
0.61
|
0.62
|
0.61
|
0.61
|
0.6
|
0.58
|
| Operating Income Ratio |
0.45
|
0.47
|
0.35
|
0.35
|
0.61
|
0.62
|
0.37
|
0.35
|
0.28
|
0.24
|
| Total Other Income/Expenses Net |
-$91.23 M
|
-$84.84 M
|
-$58.66 M
|
-$59.79 M
|
-$246.69 M
|
-$235.97 M
|
-$54.53 M
|
-$60.10 M
|
-$54.58 M
|
-$29.13 M
|
| Income Before Tax |
$391.89 M
|
$412.44 M
|
$292.47 M
|
$230.81 M
|
$167.61 M
|
$170.77 M
|
$165.49 M
|
$135.61 M
|
$88.38 M
|
$78.76 M
|
| Income Before Tax Ratio |
0.37
|
0.39
|
0.29
|
0.28
|
0.25
|
0.26
|
0.28
|
0.24
|
0.17
|
0.18
|
| Income Tax Expense |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Net Income |
$391.18 M
|
$410.76 M
|
$291.26 M
|
$223.48 M
|
$165.62 M
|
$169.12 M
|
$163.89 M
|
$134.29 M
|
$87.91 M
|
$77.71 M
|
| Net Income Ratio |
0.37
|
0.39
|
0.29
|
0.27
|
0.24
|
0.26
|
0.27
|
0.24
|
0.17
|
0.17
|
| EPS |
1.73 |
1.82 |
1.29 |
1.1 |
0.85 |
0.44 |
0.89 |
0.74 |
0.45 |
0.43 |
| EPS Diluted |
1.72 |
1.82 |
1.29 |
1.09 |
0.85 |
0.44 |
0.88 |
0.74 |
0.45 |
0.42 |
| Weighted Average Shares Out |
$226.35 M
|
$225.42 M
|
$224.93 M
|
$203.83 M
|
$194.15 M
|
$190.87 M
|
$184.65 M
|
$180.53 M
|
$178.25 M
|
$168.64 M
|
| Weighted Average Shares Out Diluted |
$227.15 M
|
$226.24 M
|
$225.88 M
|
$205.01 M
|
$194.94 M
|
$191.58 M
|
$185.50 M
|
$181.45 M
|
$179.53 M
|
$170.19 M
|
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