CubeSmart Income Statement
CUBE / Real Estate|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
CubeSmart reported $1.1B in revenue and $331M in net income for FY2025. Revenue has grown at a 9.1% compound annual rate over the past 8 years.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.1B | $1.0B | $822.6M | $679.2M | $643.9M | $597.9M | $558.9M | - | - | - | - | - | - |
| Cost of Revenue | $79.9M | $120.8M | $154.9M | $202.6M | $252.1M | $223.6M | $209.7M | $196.9M | $181.5M | $165.8M | $153.2M | $132.7M | $118.2M | $103.5M | $87.6M |
| SG&A Expense | $64.7M | $59.7M | $57.0M | $54.6M | $47.8M | $41.4M | $38.6M | $37.7M | $34.7M | $32.8M | $28.4M | $28.4M | $29.6M | $26.1M | $24.7M |
| Operating Income | - | - | - | - | - | - | - | - | $195.7M | $143.0M | $107.9M | $81.5M | $54.4M | $23.8M | $36.8M |
| Interest Expense | - | - | - | - | - | - | - | $62.1M | $57.0M | $50.4M | $43.7M | $46.8M | $40.4M | $40.3M | $32.8M |
| 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 |
| EPS (Basic) | $1.82 | $1.29 | $1.10 | $0.85 | $0.89 | $0.89 | $0.74 | $0.89 | $0.74 | $0.45 | $0.43 | $0.14 | $0.26 | -$0.03 | -$0.02 |
| EPS (Diluted) | $1.82 | $1.29 | $1.09 | $0.85 | $0.88 | $0.88 | $0.74 | $0.88 | $0.74 | $0.45 | $0.42 | $0.14 | $0.26 | -$0.03 | -$0.02 |
| Shares Outstanding | 227.8M | 224.9M | 224.6M | 197.4M | 193.6M | 187.1M | 182.2M | 185.5M | 181.4M | 179.5M | 170.2M | 150.9M | 137.7M | 124.5M | 103.0M |
| Operating Margin | - | - | - | - | - | - | - | - | 35.0% | - | - | - | - | - | - |
| Profit Margin | 29.5% | 36.8% | 39.3% | 29.0% | 28.1% | 24.7% | 26.5% | 27.7% | 24.3% | - | - | - | - | - | - |