CubeSmart Cash Flow Statement
CUBE / Real Estate|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
CubeSmart generated $609M in operating cash flow in FY2025. The company returned $476M in dividends and $32M in share buybacks to shareholders in FY2025.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.26 (distress zone, below 1.8 threshold)
- Strong profit margin: 32.1%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $331.3M | $391.9M | $412.4M | $292.5M | $230.8M | $167.6M | $170.8M | $165.5M | $135.6M | $87.9M | $77.7M | $26.4M | $41.4M | $1.8M | -$398.0K |
| Depreciation & Amortization | $263.1M | $209.8M | $205.4M | $314.5M | $232.0M | $156.6M | $163.5M | $143.3M | $145.7M | $161.9M | $151.8M | $126.8M | $112.3M | $109.8M | $62.0M |
| Operating Cash Flow | $608.5M | $631.1M | $611.1M | $591.5M | $449.2M | $351.0M | $331.8M | $304.3M | $291.9M | $263.3M | $217.3M | $166.0M | $142.9M | $118.4M | $84.3M |
| Capital Expenditures | - | - | - | - | - | - | $118.3M | $227.5M | $80.7M | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | $213.5M | $76.8M | $211.3M | - | - | - | - | - | - |
| Share Buybacks | $31.9M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividends Paid | $476.3M | $461.8M | $442.2M | $387.1M | $273.8M | $256.3M | $243.9M | $221.3M | $195.0M | $149.3M | $107.1M | $75.8M | $59.2M | $39.8M | $27.8M |
| FCF Margin | - | - | - | - | - | - | 33.1% | 12.8% | 37.8% | - | - | - | - | - | - |