Company / Cost of Revenue
CubeSmart Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$79.9M
FY2025
5-year range
$79.9M / $252.1M
FY2021-FY2025
Trend
-33.9%
vs FY2024
Sector context
#24 of 32
Real Estate
What the data says
CubeSmart's cost of revenue of $80M is lower than 75% of companies in the Real Estate sector (FY2025). Cost of Revenue has declined for 4 consecutive years, from $252M in FY2021 to $80M in FY2025.
Based on SEC 10-K filings.
$80M in FY2025 with a 5-year CAGR of -18.6%.
Improved from $155M to $80M over the past 2 years.
Real Estate sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- -26.7%
- 5-Year CAGR
- -18.6%
- 10-Year CAGR
- -
Sector benchmark
Top 25% in Real EstateTop 25% of 32This company $79.9M Sector average $2.2B
▼
-96.4% below sector average
Key checks
Key Insights
- CubeSmart's cost of revenue has declined for 4 consecutive years.
- 5-year CAGR of -18.6%, indicating a declining trend.
- In FY2025, cost of revenue decreased 33.9% year-over-year.
- Ranks #24 out of 32 companies in the Real Estate sector.
Company context
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.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $79.9M | -33.9% |
| FY2024 | $120.8M | -22.0% |
| FY2023 | $154.9M | -23.5% |
| FY2022 | $202.6M | -19.6% |
| FY2021 | $252.1M | +12.7% |
| FY2020 | $223.6M | +6.6% |
| FY2019 | $209.7M | +6.5% |
| FY2018 | $196.9M | +8.5% |
| FY2017 | $181.5M | +9.4% |
| FY2016 | $165.8M | +8.3% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026