CubeSmart Financial Statements From 2010 to 2024

CUBE Stock  USD 48.55  0.33  0.68%   
CubeSmart financial statements provide useful quarterly and yearly information to potential CubeSmart investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on CubeSmart financial statements helps investors assess CubeSmart's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting CubeSmart's valuation are summarized below:
Gross Profit
741.9 M
Profit Margin
0.3767
Market Capitalization
11 B
Enterprise Value Revenue
13.1163
Revenue
1.1 B
There are over one hundred nineteen available fundamental signals for CubeSmart, which can be analyzed over time and compared to other ratios. Investors should ensure to validate all of CubeSmart's prevailing performance against the performance from 2010 to 2024 to make sure the company is sustainable down the road. The current year's Market Cap is expected to grow to about 1.7 B. The current year's Enterprise Value is expected to grow to about 2.7 B

CubeSmart Total Revenue

1.1 Billion

Check CubeSmart financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CubeSmart's main balance sheet or income statement drivers, such as Interest Expense of 49.9 M, Total Revenue of 1.1 B or Gross Profit of 285.9 M, as well as many indicators such as Price To Sales Ratio of 6.01, Dividend Yield of 0.0474 or PTB Ratio of 2.1. CubeSmart financial statements analysis is a perfect complement when working with CubeSmart Valuation or Volatility modules.
  
Check out the analysis of CubeSmart Correlation against competitors.
For information on how to trade CubeSmart Stock refer to our How to Trade CubeSmart Stock guide.

CubeSmart Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets6.5 B6.2 B3.9 B
Slightly volatile
Total Stockholder Equity2.9 B2.8 B1.8 B
Slightly volatile
Other Assets6.3 BBB
Slightly volatile
Common Stock Shares Outstanding129.6 M226.2 M162.7 M
Slightly volatile
Liabilities And Stockholders Equity6.5 B6.2 B3.9 B
Slightly volatile
Total Liabilities3.5 B3.3 BB
Slightly volatile
Short and Long Term Debt Total3.2 BB1.8 B
Slightly volatile
Other Liabilities27.2 M45.8 M29.1 M
Slightly volatile
Property Plant And Equipment Net48 M50.5 M1.5 B
Slightly volatile
Net Debt3.2 BB1.8 B
Slightly volatile
Accounts Payable211.5 M201.4 M122.5 M
Slightly volatile
Cash7.8 M8.2 M12.9 M
Very volatile
Non Current Assets Total3.2 B6.1 B3.6 B
Slightly volatile
Long Term Debt1.5 B2.9 B1.6 B
Slightly volatile
Cash And Short Term Investments7.8 M8.2 M12.9 M
Very volatile
Short Term Investments144.6 M137.7 M55.4 M
Slightly volatile
Non Current Liabilities Total3.1 BB1.8 B
Slightly volatile
Property Plant And Equipment Gross48 M50.5 M185.1 M
Slightly volatile
Total Current Assets120.2 M114.5 M37.1 M
Slightly volatile
Total Current Liabilities250.1 M373.8 M255.2 M
Slightly volatile
Common Stock Total Equity1.5 M2.6 M1.7 M
Slightly volatile
Common Stock1.5 M2.2 M1.7 M
Slightly volatile
Current Deferred Revenue21.1 M38.5 M22 M
Slightly volatile
Short Term Debt32.8 M34.5 M203.5 M
Pretty Stable
Intangible Assets1.7 M1.8 M19.3 M
Pretty Stable
Net Receivables17.1 M33.2 M15.3 M
Slightly volatile
Preferred Stock Total Equity24.8 K27.9 K30.4 K
Slightly volatile
Net Tangible AssetsB3.3 B1.9 B
Slightly volatile
Long Term Debt Total1.9 B3.4 B1.8 B
Slightly volatile
Capital Surpluse2.8 B4.7 B2.6 B
Slightly volatile
Warrants87.3 M66 M70.4 M
Slightly volatile
Long Term Investments83.1 M98.3 M112.9 M
Slightly volatile
Short and Long Term Debt17.2 M18.1 M82.6 M
Very volatile
Non Current Liabilities Other1.2 M1.3 M9.4 M
Slightly volatile
Net Invested Capital5.1 B5.7 BB
Slightly volatile
Capital Stock2.3 M2.2 MM
Slightly volatile
Capital Lease Obligations72.3 M65.7 M66.1 M
Slightly volatile

CubeSmart Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Total Revenue1.1 B1.1 B579.3 M
Slightly volatile
Gross Profit285.9 M554.3 M349.3 M
Slightly volatile
Other Operating Expenses285.8 M553.1 M354.7 M
Slightly volatile
Operating Income522.1 M497.3 M206.8 M
Slightly volatile
EBITDA733.4 M698.5 M361.2 M
Slightly volatile
Total Operating Expenses54.2 M57 M163.7 M
Slightly volatile
Depreciation And Amortization580.7 M553.1 M264.1 M
Slightly volatile
Selling General Administrative32.8 M57 M34.6 M
Slightly volatile
Cost Of Revenue520.8 M496 M213.7 M
Slightly volatile
Extraordinary Items361.6 K380.6 K3.8 M
Slightly volatile
Discontinued Operations287.3 K302.4 K4.7 M
Slightly volatile
Preferred Stock And Other AdjustmentsM9.2 M7.2 M
Slightly volatile
Selling And Marketing Expenses15 M24.5 M12.5 M
Slightly volatile
Non Operating Income Net Other12.8 M12.2 M6.4 M
Slightly volatile
Interest Income64.4 M73.9 M57.1 M
Slightly volatile
Reconciled Depreciation218.5 M224.2 M176.5 M
Slightly volatile

CubeSmart Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow17.6 M8.9 M14.2 M
Pretty Stable
Depreciation135.6 M201.2 M152.6 M
Slightly volatile
Capital Expenditures37.9 M39.9 M141.1 M
Very volatile
Total Cash From Operating Activities650.5 M619.5 M307.8 M
Slightly volatile
Net Income431.3 M410.8 M150.9 M
Slightly volatile
End Period Cash Flow7.8 M8.2 M13.8 M
Very volatile
Change To Liabilities26.5 M25.2 M10.9 M
Slightly volatile
Stock Based Compensation5.1 M10.1 M5.3 M
Slightly volatile
Issuance Of Capital Stock5.3 M5.6 M165.7 M
Very volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio6.019.94778.9512
Pretty Stable
Dividend Yield0.04740.04230.0336
Slightly volatile
PTB Ratio2.13.73312.9679
Pretty Stable
Days Sales Outstanding11.4711.53110.6841
Pretty Stable
Book Value Per Share8.4812.779510.1689
Slightly volatile
Operating Cash Flow Per Share2.892.74811.6671
Slightly volatile
Stock Based Compensation To Revenue0.01190.00960.0106
Slightly volatile
Capex To Depreciation0.190.1980.7964
Slightly volatile
PB Ratio2.13.73312.9679
Pretty Stable
EV To Sales8.2312.833111.8572
Slightly volatile
Payables Turnover1.992.46261.7665
Slightly volatile
Sales General And Administrative To Revenue0.08680.05430.0697
Slightly volatile
Average Inventory7.1 M7.5 M31.4 M
Slightly volatile
Capex To Revenue0.0360.03790.2405
Slightly volatile
Cash Per Share0.03460.03650.0876
Pretty Stable
POCF Ratio12.9416.866417.636
Pretty Stable
Capex To Operating Cash Flow0.06110.06430.5928
Slightly volatile
Days Payables Outstanding172148216
Slightly volatile
Income Quality1.431.50816.6333
Slightly volatile
EV To Operating Cash Flow19.1821.758624.2427
Pretty Stable
Intangibles To Total Assets3.0E-43.0E-40.0056
Slightly volatile
Net Debt To EBITDA6.294.33865.4225
Slightly volatile
Current Ratio0.320.30630.2924
Slightly volatile
Tangible Book Value Per Share8.4312.771510.0676
Slightly volatile
Receivables Turnover53.3431.653747.4325
Very volatile
Graham Number23.6922.561710.8323
Slightly volatile
Shareholders Equity Per Share7.3112.41589.3971
Slightly volatile
Debt To Equity1.321.04511.1689
Very volatile
Capex Per Share0.170.17680.6267
Slightly volatile
Revenue Per Share2.424.65943.0235
Slightly volatile
Interest Debt Per Share9.4213.406910.9246
Slightly volatile
Debt To Assets0.560.46990.5135
Pretty Stable
Enterprise Value Over EBITDA15.2619.296720.5641
Pretty Stable
Price Book Value Ratio2.13.73312.9679
Pretty Stable
Days Of Payables Outstanding172148216
Slightly volatile
Price To Operating Cash Flows Ratio12.9416.866417.636
Pretty Stable
Operating Profit Margin0.50.47340.3192
Slightly volatile
Company Equity Multiplier2.62.22422.2099
Slightly volatile
Long Term Debt To Capitalization0.550.50810.5059
Very volatile
Total Debt To Capitalization0.580.5110.5268
Pretty Stable
Return On Capital Employed0.08920.0850.0527
Slightly volatile
Debt Equity Ratio1.321.04511.1689
Very volatile
Ebit Per Revenue0.50.47340.3192
Slightly volatile
Dividend Paid And Capex Coverage Ratio1.681.2851.4299
Slightly volatile
Cash Ratio0.02090.0220.2038
Slightly volatile
Operating Cash Flow Sales Ratio0.340.58980.481
Slightly volatile
Days Of Sales Outstanding11.4711.53110.6841
Pretty Stable
Cash Flow Coverage Ratios0.220.21180.1537
Slightly volatile
Price To Book Ratio2.13.73312.9679
Pretty Stable
Fixed Asset Turnover21.8520.80867.1474
Slightly volatile
Capital Expenditure Coverage Ratio16.3215.54416.5615
Slightly volatile
Price Cash Flow Ratio12.9416.866417.636
Pretty Stable
Enterprise Value Multiple15.2619.296720.5641
Pretty Stable
Debt Ratio0.560.46990.5135
Pretty Stable
Cash Flow To Debt Ratio0.220.21180.1537
Slightly volatile
Price Sales Ratio6.019.94778.9512
Pretty Stable
Asset Turnover0.170.16870.1506
Pretty Stable
Gross Profit Margin0.760.52780.6786
Pretty Stable
Price Fair Value2.13.73312.9679
Pretty Stable

CubeSmart Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap1.7 B1.6 B1.7 B
Slightly volatile
Enterprise Value2.7 B2.5 B2.6 B
Slightly volatile

CubeSmart Fundamental Market Drivers

Forward Price Earnings26.9542
Cash And Short Term Investments8.2 M

CubeSmart Upcoming Events

22nd of February 2024
Upcoming Quarterly Report
View
25th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
22nd of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About CubeSmart Financial Statements

CubeSmart stakeholders use historical fundamental indicators, such as CubeSmart's revenue or net income, to determine how well the company is positioned to perform in the future. Although CubeSmart investors may analyze each financial statement separately, they are all interrelated. For example, changes in CubeSmart's assets and liabilities are reflected in the revenues and expenses on CubeSmart's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in CubeSmart. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue38.5 M21.1 M
Total Revenue1.1 B1.1 B
Cost Of Revenue496 M520.8 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.05  0.09 
Capex To Revenue 0.04  0.04 
Revenue Per Share 4.66  2.42 
Ebit Per Revenue 0.47  0.50 

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether CubeSmart is a strong investment it is important to analyze CubeSmart's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CubeSmart's future performance. For an informed investment choice regarding CubeSmart Stock, refer to the following important reports:
Check out the analysis of CubeSmart Correlation against competitors.
For information on how to trade CubeSmart Stock refer to our How to Trade CubeSmart Stock guide.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Is Self-Storage REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CubeSmart. If investors know CubeSmart will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CubeSmart listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.02)
Dividend Share
2.04
Earnings Share
1.78
Revenue Per Share
4.724
Quarterly Revenue Growth
0.008
The market value of CubeSmart is measured differently than its book value, which is the value of CubeSmart that is recorded on the company's balance sheet. Investors also form their own opinion of CubeSmart's value that differs from its market value or its book value, called intrinsic value, which is CubeSmart's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CubeSmart's market value can be influenced by many factors that don't directly affect CubeSmart's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CubeSmart's value and its price as these two are different measures arrived at by different means. Investors typically determine if CubeSmart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CubeSmart's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.