CUBE
CubeSmart
Price Chart
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Latest Quote
$40.02
+0.05 (+0.13%)
Current Price
| Previous Close | $39.97 |
| Open | $40.17 |
| Day High | $40.23 |
| Day Low | $39.94 |
| Volume | 1,290,718 |
Stock Information
| Quarterly Dividend / Yield | $2.12 / 5.30% |
| Shares Outstanding | 225.16M |
| Quarterly Dividend Yield | 5.30% |
| Quarterly Dividend | $2.12 |
| Total Debt | $3.54B |
| Cash Equivalents | $14.31M |
| Revenue | $1.14B |
| Net Income | $334.10M |
| Sector | Real Estate |
| Industry | REIT - Industrial |
| Market Cap | $9.06B |
| P/E Ratio | 27.22 |
| EPS (TTM) | $1.47 |
| Exchange | NYQ |
Recent Price History
No history data available. Data will be fetched automatically.
About CubeSmart
CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2026 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States. CubeSmart was incorporated in 2004 in Maryland and is based in Malvern, Pennsylvania.
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $346,433,000 | $313,683,000 | $290,639,000 | $289,363,000 |
| Cost Of Revenue | $351,405,000 | $317,750,000 | $294,780,000 | $293,260,000 |
| Total Revenue | $1,123,110,000 | $1,066,231,000 | $1,050,334,000 | $1,009,624,000 |
| Operating Revenue | $1,123,110,000 | $1,066,231,000 | $1,050,334,000 | $1,009,624,000 |
| Expenses | ||||
| Interest Expense | $114,099,000 | $90,820,000 | $93,065,000 | $93,284,000 |
| Total Expenses | $674,211,000 | $583,116,000 | $553,059,000 | $658,493,000 |
| Rent Expense Supplemental | $351,405,000 | $317,750,000 | $294,780,000 | $293,260,000 |
| Other Income Expense | $1,489,000 | $3,657,000 | $12,366,000 | $38,522,000 |
| Other Non Operating Income Expenses | $2,721,000 | $1,158,000 | $6,281,000 | $-10,355,000 |
| Net Non Operating Interest Income Expense | $-119,071,000 | $-94,887,000 | $-97,206,000 | $-97,181,000 |
| Total Other Finance Cost | $4,972,000 | $4,067,000 | $4,141,000 | $3,897,000 |
| Interest Expense Non Operating | $114,099,000 | $90,820,000 | $93,065,000 | $93,284,000 |
| Operating Expense | $322,806,000 | $265,366,000 | $258,279,000 | $365,233,000 |
| General And Administrative Expense | $64,655,000 | $59,663,000 | $57,041,000 | $54,623,000 |
| Income & Earnings | ||||
| Net Interest Income | $-119,071,000 | $-94,887,000 | $-97,206,000 | $-97,181,000 |
| Normalized Income | $336,698,680 | $391,180,000 | $410,757,000 | $291,263,000 |
| Net Income From Continuing And Discontinued Operation | $333,782,000 | $391,180,000 | $410,757,000 | $291,263,000 |
| Net Income Common Stockholders | $333,782,000 | $391,180,000 | $410,757,000 | $291,263,000 |
| Net Income | $333,782,000 | $391,180,000 | $410,757,000 | $291,263,000 |
| Net Income Including Noncontrolling Interests | $331,317,000 | $391,885,000 | $412,435,000 | $292,472,000 |
| Net Income Continuous Operations | $331,317,000 | $391,885,000 | $412,435,000 | $292,472,000 |
| Pretax Income | $331,317,000 | $391,885,000 | $412,435,000 | $292,472,000 |
| Special Income Charges | $-3,692,000 | $0 | $0 | $0 |
| Earnings From Equity Interest | $2,460,000 | $2,499,000 | $6,085,000 | $48,877,000 |
| Operating Income | $448,899,000 | $483,115,000 | $497,275,000 | $351,131,000 |
| Depreciation Amortization Depletion Income Statement | $258,151,000 | $205,703,000 | $201,238,000 | $310,610,000 |
| Depreciation And Amortization In Income Statement | $258,151,000 | $205,703,000 | $201,238,000 | $310,610,000 |
| Gross Profit | $771,705,000 | $748,481,000 | $755,554,000 | $716,364,000 |
| Per Share | ||||
| Diluted EPS | $1.46 | $1.72 | $1.82 | $1.29 |
| Basic EPS | $1.46 | $1.73 | $1.82 | $1.29 |
| Other | ||||
| Tax Effect Of Unusual Items | $-775,320 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $712,231,000 | $692,475,000 | $710,879,000 | $700,263,000 |
| Total Unusual Items | $-3,692,000 | $0 | $0 | $0 |
| Total Unusual Items Excluding Goodwill | $-3,692,000 | $0 | $0 | $0 |
| Reconciled Depreciation | $263,123,000 | $209,770,000 | $205,379,000 | $314,507,000 |
| EBITDA (Bullshit earnings) | $708,539,000 | $692,475,000 | $710,879,000 | $700,263,000 |
| EBIT | $445,416,000 | $482,705,000 | $505,500,000 | $385,756,000 |
| Diluted Average Shares | $229,160,000 | $227,150,000 | $226,241,000 | $225,881,000 |
| Basic Average Shares | $228,727,000 | $226,353,000 | $225,424,000 | $224,928,000 |
| Diluted NI Availto Com Stockholders | $333,782,000 | $391,180,000 | $410,757,000 | $291,263,000 |
| Minority Interests | $2,465,000 | $-705,000 | $-1,678,000 | $-1,209,000 |
| Other Special Charges | $3,692,000 | - | - | - |
| Selling General And Administration | $64,655,000 | $59,663,000 | $57,041,000 | $54,623,000 |
| Other Gand A | $64,655,000 | $59,663,000 | $57,041,000 | $54,623,000 |
| Gain On Sale Of Security | - | - | - | - |
Fetched: 2026-08-03
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $2,711,651,000 | $2,861,524,000 | $2,797,022,000 | $2,825,022,000 |
| Total Assets | $6,643,193,000 | $6,394,181,000 | $6,225,020,000 | $6,325,830,000 |
| Total Non Current Assets | $6,516,634,000 | $6,197,230,000 | $6,110,533,000 | $6,217,409,000 |
| Other Non Current Assets | $10,539,000 | $7,304,000 | $8,727,000 | $12,741,000 |
| Goodwill And Other Intangible Assets | $7,792,000 | $10,332,000 | $1,806,000 | $1,181,000 |
| Current Assets | $126,559,000 | $196,951,000 | $114,487,000 | $108,421,000 |
| Restricted Cash | $71,621,000 | $69,864,000 | $61,729,000 | $58,433,000 |
| Prepaid Assets | $15,303,000 | $15,040,000 | $13,050,000 | $10,162,000 |
| Receivables | $33,853,000 | $40,487,000 | $33,182,000 | $30,017,000 |
| Notes Receivable | $5,000,000 | $5,000,000 | $0 | - |
| Accounts Receivable | $9,701,000 | $10,372,000 | $8,944,000 | $7,932,000 |
| Cash Cash Equivalents And Short Term Investments | $5,782,000 | $71,560,000 | $6,526,000 | $6,064,000 |
| Cash And Cash Equivalents | $5,782,000 | $71,560,000 | $6,526,000 | $6,064,000 |
| Other Receivables | - | $6,249,000 | $6,193,000 | $6,138,000 |
| Assets Held For Sale Current | - | - | $0 | $3,745,000 |
| Non Current Deferred Assets | - | - | - | - |
| Debt | ||||
| Net Debt | $3,396,980,000 | $2,914,986,000 | $2,916,250,000 | $2,990,104,000 |
| Total Debt | $3,468,341,000 | $3,052,214,000 | $2,988,490,000 | $3,061,926,000 |
| Long Term Debt And Capital Lease Obligation | $3,089,541,000 | $3,052,214,000 | $2,970,390,000 | $3,001,026,000 |
| Long Term Debt | $3,023,962,000 | $2,986,546,000 | $2,904,676,000 | $2,935,268,000 |
| Current Debt And Capital Lease Obligation | $378,800,000 | - | $18,100,000 | $60,900,000 |
| Current Debt | $378,800,000 | - | $18,100,000 | $60,900,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $3,861,117,000 | $3,440,313,000 | $3,344,212,000 | $3,428,030,000 |
| Total Non Current Liabilities Net Minority Interest | $3,089,541,000 | $3,052,214,000 | $2,970,390,000 | $3,001,026,000 |
| Current Liabilities | $771,576,000 | $388,099,000 | $373,822,000 | $427,004,000 |
| Current Deferred Liabilities | $41,591,000 | $38,918,000 | $38,483,000 | $38,757,000 |
| Payables And Accrued Expenses | $351,185,000 | $349,181,000 | $317,239,000 | $325,574,000 |
| Payables | $351,185,000 | $349,181,000 | $317,239,000 | $325,574,000 |
| Dividends Payable | $121,519,000 | $119,600,000 | $115,820,000 | $111,190,000 |
| Accounts Payable | $229,666,000 | $229,581,000 | $201,419,000 | $214,384,000 |
| Other Non Current Liabilities | - | - | - | $1,087,000 |
| Other Current Liabilities | - | - | - | $1,773,000 |
| Non Current Deferred Liabilities | - | - | - | - |
| Equity | ||||
| Common Stock Equity | $2,719,443,000 | $2,871,856,000 | $2,798,828,000 | $2,826,203,000 |
| Total Equity Gross Minority Interest | $2,782,076,000 | $2,953,868,000 | $2,880,808,000 | $2,897,800,000 |
| Stockholders Equity | $2,719,443,000 | $2,871,856,000 | $2,798,828,000 | $2,826,203,000 |
| Gains Losses Not Affecting Retained Earnings | $-249,000 | $-330,000 | $-411,000 | $-491,000 |
| Other Equity Adjustments | $-249,000 | $-330,000 | $-411,000 | $-491,000 |
| Retained Earnings | $-1,585,135,000 | $-1,415,662,000 | $-1,345,239,000 | $-1,301,030,000 |
| Long Term Equity Investment | $74,034,000 | $91,973,000 | $98,288,000 | $105,993,000 |
| Preferred Securities Outside Stock Equity | - | - | - | - |
| Other | ||||
| Ordinary Shares Number | $227,269,217 | $227,764,975 | $224,921,053 | $224,603,462 |
| Share Issued | $227,269,217 | $227,764,975 | $224,921,053 | $224,603,462 |
| Tangible Book Value | $2,711,651,000 | $2,861,524,000 | $2,797,022,000 | $2,825,022,000 |
| Invested Capital | $6,122,205,000 | $5,858,402,000 | $5,721,604,000 | $5,822,371,000 |
| Working Capital | $-645,017,000 | $-191,148,000 | $-259,335,000 | $-318,583,000 |
| Capital Lease Obligations | $65,579,000 | $65,668,000 | $65,714,000 | $65,758,000 |
| Total Capitalization | $5,743,405,000 | $5,858,402,000 | $5,703,504,000 | $5,761,471,000 |
| Minority Interest | $62,633,000 | $82,012,000 | $81,980,000 | $71,597,000 |
| Additional Paid In Capital | $4,302,554,000 | $4,285,570,000 | $4,142,229,000 | $4,125,478,000 |
| Capital Stock | $2,273,000 | $2,278,000 | $2,249,000 | $2,246,000 |
| Common Stock | $2,273,000 | $2,278,000 | $2,249,000 | $2,246,000 |
| Long Term Capital Lease Obligation | $65,579,000 | $65,668,000 | $65,714,000 | $65,758,000 |
| Current Deferred Revenue | $41,591,000 | $38,918,000 | $38,483,000 | $38,757,000 |
| Line Of Credit | $378,800,000 | $0 | $18,100,000 | $60,900,000 |
| Investments And Advances | $74,034,000 | $91,973,000 | $98,288,000 | $105,993,000 |
| Investment Properties | $6,375,849,000 | $6,038,186,000 | $5,951,236,000 | $6,048,003,000 |
| Net PPE | $48,420,000 | $49,435,000 | $50,476,000 | $49,491,000 |
| Gross PPE | $48,420,000 | $49,435,000 | $50,476,000 | $49,491,000 |
| Other Properties | $48,420,000 | $49,435,000 | $50,476,000 | $49,491,000 |
| Duefrom Related Parties Current | $19,152,000 | $18,866,000 | $18,045,000 | $15,947,000 |
| Non Current Deferred Revenue | - | - | - | - |
Fetched: 2026-08-03
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $608,512,000 | $631,074,000 | $611,136,000 | $591,466,000 |
| Operating Activities | ||||
| Operating Cash Flow | $608,512,000 | $631,074,000 | $611,136,000 | $591,466,000 |
| Cash Flow From Continuing Operating Activities | $608,512,000 | $631,074,000 | $611,136,000 | $591,466,000 |
| Operating Gains Losses | $5,203,000 | $2,162,000 | $-618,000 | $-48,877,000 |
| Investing Activities | ||||
| Investing Cash Flow | $-571,323,000 | $-173,959,000 | $-93,818,000 | $-48,767,000 |
| Cash Flow From Continuing Investing Activities | $-571,323,000 | $-173,959,000 | $-93,818,000 | $-48,767,000 |
| Net Other Investing Changes | - | - | $7,424,000 | - |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-36,022,000 | $0 | $-276,000 | $-1,403,000 |
| Financing Cash Flow | $-104,619,000 | $-387,669,000 | $-518,026,000 | $-547,092,000 |
| Cash Flow From Continuing Financing Activities | $-104,619,000 | $-387,669,000 | $-518,026,000 | $-547,092,000 |
| Net Other Financing Charges | $-7,997,000 | $-2,626,000 | $-2,041,000 | $-13,624,000 |
| Cash Dividends Paid | $-476,309,000 | $-461,769,000 | $-442,217,000 | $-387,106,000 |
| Common Stock Dividend Paid | $-476,309,000 | $-461,769,000 | $-442,217,000 | $-387,106,000 |
| Net Common Stock Issuance | $-36,022,000 | $118,270,000 | $-276,000 | $4,877,000 |
| Dividends Received Cfi | $3,162,000 | $5,454,000 | $8,344,000 | $62,656,000 |
| Issuance Of Capital Stock | - | $118,270,000 | - | $4,877,000 |
| Common Stock Issuance | - | $118,270,000 | - | $4,877,000 |
| Other | ||||
| Repayment Of Debt | $-1,434,262,000 | $-747,480,000 | $-869,838,000 | $-785,376,000 |
| Issuance Of Debt | $1,847,829,000 | $697,039,000 | $794,447,000 | $633,950,000 |
| Interest Paid Supplemental Data | $106,830,000 | $92,609,000 | $95,498,000 | $92,293,000 |
| End Cash Position | $10,233,000 | $77,663,000 | $8,217,000 | $8,925,000 |
| Beginning Cash Position | $77,663,000 | $8,217,000 | $8,925,000 | $13,318,000 |
| Changes In Cash | $-67,430,000 | $69,446,000 | $-708,000 | $-4,393,000 |
| Proceeds From Stock Option Exercised | $2,142,000 | $8,897,000 | $1,899,000 | $187,000 |
| Common Stock Payments | $-36,022,000 | $0 | $-276,000 | $-1,403,000 |
| Net Issuance Payments Of Debt | $413,567,000 | $-50,441,000 | $-75,391,000 | $-151,426,000 |
| Net Long Term Debt Issuance | $413,567,000 | $-50,441,000 | $-75,391,000 | $-151,426,000 |
| Long Term Debt Payments | $-1,434,262,000 | $-747,480,000 | $-869,838,000 | $-785,376,000 |
| Long Term Debt Issuance | $1,847,829,000 | $697,039,000 | $794,447,000 | $633,950,000 |
| Net Investment Purchase And Sale | $0 | $-5,000,000 | $0 | $0 |
| Purchase Of Investment | $0 | $-5,000,000 | $0 | $0 |
| Net Investment Properties Purchase And Sale | $-573,658,000 | $-115,936,000 | $-109,565,000 | $-111,402,000 |
| Sale Of Investment Properties | $0 | $0 | $238,000 | $43,193,000 |
| Purchase Of Investment Properties | $-573,658,000 | $-115,936,000 | $-109,803,000 | $-154,595,000 |
| Net Business Purchase And Sale | $-827,000 | $-58,477,000 | $-21,000 | $-21,000 |
| Purchase Of Business | $-827,000 | $-58,477,000 | $-21,000 | $-21,000 |
| Change In Working Capital | $-2,854,000 | $16,111,000 | $-10,392,000 | $25,425,000 |
| Change In Other Current Liabilities | $748,000 | $-445,000 | $-350,000 | $1,532,000 |
| Change In Other Current Assets | $-6,079,000 | $-7,469,000 | $-10,138,000 | $3,498,000 |
| Change In Payables And Accrued Expense | $2,477,000 | $24,025,000 | $96,000 | $20,395,000 |
| Other Non Cash Items | $179,000 | $-341,000 | $-5,757,000 | $-1,142,000 |
| Stock Based Compensation | $11,544,000 | $11,487,000 | $10,089,000 | $9,081,000 |
| Depreciation Amortization Depletion | $263,123,000 | $209,770,000 | $205,379,000 | $314,507,000 |
| Depreciation And Amortization | $263,123,000 | $209,770,000 | $205,379,000 | $314,507,000 |
| Earnings Losses From Equity Investments | $1,511,000 | $2,162,000 | $-618,000 | $-48,877,000 |
| Net Income From Continuing Operations | $331,317,000 | $391,885,000 | $412,435,000 | $292,472,000 |
| Net Short Term Debt Issuance | - | - | $-42,800,000 | $-782,950,000 |
| Short Term Debt Payments | - | - | $-837,247,000 | $-782,950,000 |
| Short Term Debt Issuance | - | - | $794,447,000 | $633,950,000 |
| Gain Loss On Investment Securities | - | - | - | - |
Fetched: 2026-08-03