CubeSmart CUBE
NYSE · XNYS · reit · Real Estate Investment Trusts · website · IPO 2004-10-22
CubeSmart financials (annual, from 10-K)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.1B | $1.0B | $822.6M | $679.2M | $643.9M | $597.9M | $558.9M | — |
| Operating income | — | — | — | — | — | — | — | — | $195.7M | $143.0M |
| Net income | — | — | — | — | — | — | — | $163.9M | $134.3M | $87.9M |
| EPS (diluted) | $1.46 | $1.72 | $1.82 | $1.29 | $1.09 | $0.85 | $0.88 | $0.88 | $0.74 | $0.45 |
| Operating cash flow | $608.5M | $631.1M | $611.1M | $591.5M | $449.2M | $351.0M | $331.8M | $304.3M | $291.9M | $263.3M |
| Free cash flow | — | $588.9M | — | — | — | — | $213.5M | $76.8M | $211.3M | — |
| Cash & equivalents | $5.8M | $71.6M | $6.5M | $6.1M | $11.1M | $3.6M | $54.9M | $3.8M | $5.3M | $3.0M |
| Total assets | $6.6B | $6.4B | $6.2B | $6.3B | $6.5B | $4.8B | $4.0B | $3.8B | $3.5B | $3.5B |
| Total liabilities | $3.9B | $3.4B | $3.3B | $3.4B | $3.5B | $2.7B | $2.2B | $2.0B | $1.9B | $1.8B |
| Shareholders' equity | $2.7B | $2.9B | $2.8B | $2.8B | $2.9B | $1.8B | $1.8B | $1.7B | $1.6B | $1.7B |
Growth · year-over-year · Revenue CAGR 9.1%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +5.3% | +1.5% | +4.0% | +22.7% | +21.1% | +5.5% | +7.7% | +7.0% | — | — |
| Net income growth | — | — | — | — | — | — | — | +22.0% | +52.8% | +13.1% |
| EPS growth | -15.1% | -5.5% | +41.1% | +18.3% | +28.2% | -3.4% | +0.0% | +18.9% | +64.4% | +7.1% |
| Free cash flow growth | — | — | — | — | — | — | +177.9% | -63.6% | — | — |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Source: SEC EDGAR filings · CIK 0001298675 · as of 2025-12-31. Facts from filings plus Stocktoria's own computed scores — not investment advice.