CUBE
Income statement / Annual
Last year (2023), CubeSmart's total revenue was $1.05 B,
an increase of 4.03% from the previous year.
In 2023, CubeSmart's net income was $410.76 M.
See CubeSmart’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
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 |
12/31/2014 |
| Operating Revenue |
$1.05 B
|
$1.01 B
|
$822.56 M
|
$679.18 M
|
$643.92 M
|
$597.94 M
|
$558.94 M
|
$510.04 M
|
$444.52 M
|
$376.96 M
|
| Cost of Revenue |
$270.28 M |
$293.26 M |
$252.10 M |
$223.63 M |
$209.74 M |
$196.87 M |
$181.51 M |
$165.85 M |
$153.17 M |
$132.70 M |
| Gross Profit |
$780.05 M |
$716.36 M |
$570.46 M |
$455.54 M |
$434.18 M |
$401.08 M |
$377.44 M |
$344.19 M |
$291.35 M |
$244.26 M |
| Gross Profit Ratio |
0.74 |
0.71 |
0.69 |
0.67 |
0.67 |
0.67 |
0.68 |
0.67 |
0.66 |
0.65 |
| Research and Development
Expenses |
$0.00
|
$0.29
|
$0.28
|
$0.25
|
$0.26
|
$0.28
|
$0.24
|
$0.17
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$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
|
$28.42 M
|
| Selling & Marketing
Expenses |
$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
|
$7.70 M
|
| Selling, General &
Administrative Expenses |
$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
|
$28.42 M
|
| Other Expenses |
$0.00 |
$310.61 M |
$232.05 M |
$156.57 M |
$163.55 M |
$206,000.00 |
$872,000.00 |
$1.06 M |
-$228,000.00 |
-$405,000.00 |
| Operating Expenses |
$81.54 M |
$365.23 M |
$279.86 M |
$198.00 M |
$202.11 M |
$181.06 M |
$180.43 M |
$194.69 M |
$180.16 M |
$155.24 M |
| Cost And Expenses |
$553.06 M |
$658.49 M |
$531.96 M |
$421.63 M |
$411.85 M |
$377.93 M |
$361.93 M |
$360.54 M |
$333.33 M |
$287.94 M |
| Interest Income |
$81,000.00 |
$97.18 M |
$86.62 M |
$78.56 M |
$75.34 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$97.29 M |
$93.28 M |
$78.45 M |
$75.89 M |
$72.53 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Depreciation &
Amortization |
$201.24 M
|
$658.49 M
|
$531.96 M
|
$421.63 M
|
$414.67 M
|
$380.14 M
|
$363.63 M
|
$367.51 M
|
$151.79 M
|
$129.00 M
|
| EBITDA |
$198.70 M
|
$696.37 M
|
$547.93 M
|
$414.12 M
|
$405.34 M
|
$363.47 M
|
$339.54 M
|
$306.97 M
|
$260.02 M
|
$208.36 M
|
| EBITDA Ratio |
0.19 |
0.69 |
0.64 |
0.61 |
0.63 |
0.6 |
0.61 |
0.6 |
0.58 |
0.55 |
| Operating Income Ratio
|
0.47
|
0.38
|
0.36
|
0.38
|
0.38
|
0.37
|
0.35
|
0.28
|
0.24
|
0.22
|
| Total Other
Income/Expenses Net |
-$84.84 M
|
-$58.66 M
|
-$59.79 M
|
-$89.94 M
|
-$61.30 M
|
-$54.53 M
|
-$60.10 M
|
-$54.58 M
|
-$29.13 M
|
-$55.18 M
|
| Income Before Tax |
$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 |
$26.37 M |
| Income Before Tax Ratio
|
0.39
|
0.29
|
0.28
|
0.25
|
0.27
|
0.28
|
0.24
|
0.17
|
0.18
|
0.07
|
| Income Tax Expense |
$0.00 |
$93.28 M |
$100.24 M |
$77.82 M |
$86.72 M |
$7.60 M |
$57.76 M |
$49.27 M |
$44.14 M |
$40.13 M |
| Net Income |
$410.76 M |
$199.19 M |
$130.58 M |
$89.79 M |
$84.05 M |
$163.89 M |
$134.29 M |
$87.91 M |
$77.71 M |
$26.38 M |
| Net Income Ratio |
0.39 |
0.2 |
0.16 |
0.13 |
0.13 |
0.27 |
0.24 |
0.17 |
0.17 |
0.07 |
| EPS |
1.82 |
0.89 |
0.64 |
0.46 |
0.44 |
0.89 |
0.74 |
0.45 |
0.43 |
0.14 |
| EPS Diluted |
1.82 |
0.88 |
0.64 |
0.46 |
0.44 |
0.88 |
0.74 |
0.45 |
0.42 |
0.14 |
| Weighted Average Shares
Out |
$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
|
$149.11 M
|
| Weighted Average Shares
Out Diluted |
$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
|
$150.86 M
|
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