CubeSmart | Mid-cap | Real Estate
$43.34
0.74%
| CubeSmart Stock Comparison:
CubeSmart vs PrologisCubeSmart vs Public StorageCubeSmart vs EastGroup PropertiesCubeSmart vs Rexford IndustrialCubeSmart vs Stag IndustrialCubeSmart vs S&P 500 | Market
Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 1.1B
Gross Profit 748.5M 70.20%
Operating Income 483.1M 45.31%
Net Income 391.9M 36.75%

Balance Sheet Metrics

Total Assets 6.4B
Total Liabilities 3.4B
Shareholders Equity 3.0B
Debt to Equity 1.16

Cash Flow Metrics

Operating Cash Flow 604.9M
Free Cash Flow 631.1M

Revenue & Profitability Trend

CubeSmart Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue1.1B1.1B1.0B822.6M679.2M
Cost of Goods Sold317.8M294.8M293.3M252.1M223.6M
Gross Profit748.5M755.6M716.4M570.5M455.5M
Operating Expenses59.7M57.0M54.6M47.8M41.4M
Operating Income483.1M497.3M351.1M290.6M257.5M
Pre-tax Income391.9M412.4M292.5M230.8M167.6M
Income Tax-----
Net Income391.9M412.4M292.5M230.8M167.6M
EPS (Diluted)-$1.82$1.29$1.09$0.85

Income Statement Trend

CubeSmart Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets197.0M114.5M108.4M156.8M51.4M
Non-Current Assets6.2B6.1B6.2B6.4B4.7B
Total Assets6.4B6.2B6.3B6.5B4.8B
Liabilities
Current Liabilities388.1M373.8M427.0M546.9M374.3M
Non-Current Liabilities3.1B3.0B3.0B3.0B2.3B
Total Liabilities3.4B3.3B3.4B3.5B2.7B
Equity
Total Shareholders Equity3.0B2.9B2.9B3.0B2.1B

Balance Sheet Composition

CubeSmart Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income391.9M412.4M292.5M230.8M167.6M
Operating Cash Flow604.9M611.7M619.9M472.0M318.2M
Investing Activities
Capital Expenditures-----
Investing Cash Flow-63.5M7.4M-21.0K-1.7B-7.0M
Financing Activities
Dividends Paid-461.8M-445.0M-389.8M-282.1M-256.3M
Financing Cash Flow-396.6M-562.7M-1.3B1.5B-204.0M
Free Cash Flow631.1M611.1M591.5M449.2M351.0M

Cash Flow Trend

CubeSmart Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 25.07
Forward P/E 23.80
Price to Book 3.40
Price to Sales 8.99
PEG Ratio 23.80

Profitability Ratios

Profit Margin 35.73%
Operating Margin 42.15%
Return on Equity 13.34%
Return on Assets 4.65%

Financial Health

Current Ratio 0.18
Debt to Equity 117.53
Beta 1.00

Per Share Data

EPS (TTM) $1.69
Book Value per Share $12.48
Revenue per Share $4.76

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
cube9.7B25.073.4013.34%35.73%117.53
Prologis 99.4B26.721.866.83%42.81%56.64
Public Storage 51.7B29.279.9120.12%41.59%97.46
EastGroup Properties 9.0B37.492.687.61%34.79%44.73
Rexford Industrial 9.1B30.211.013.36%29.10%36.59
Stag Industrial 7.0B27.711.987.15%31.07%86.58

Financial data is updated regularly. All figures are in the company's reporting currency.