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CubeSmart CUBE · USD

Real Estate · US listing · 🇺🇸 United States

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45.00

-0.04%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$1.12bn

FY2016FY2025

Net income

$333.8m

FY2016FY2025

Free cash flow

$566.9m

FY2016FY2025

Shareholders' equity

$2.72bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$1.12bn$1.07bn$1.05bn$1.01bn$822.6m$679.4m$655.0m$597.9m$558.9m$510.0m
Research and development——$0$0$0$0$0$0$0$0
Operating income$448.9m$483.1m$497.3m$351.1m$290.6m$414.3m$406.7m$220.0m$195.7m−$60.5m
Net income$333.8m$391.2m$410.8m$291.3m$223.5m$165.6m$169.1m$163.9m$134.3m$87.9m
Diluted earnings per share1.461.711.821.291.100.850.870.880.740.49

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$6.64bn$6.39bn$6.23bn$6.33bn$6.55bn$4.78bn$4.03bn$3.75bn$3.55bn$3.48bn
Cash and short-term investments$5.8m$71.6m$6.5m$6.1m$11.1m$3.6m$54.9m$3.8m$5.3m$3.0m
Total liabilities$3.86bn$3.44bn$3.34bn$3.43bn$3.55bn$2.69bn$2.16bn$1.98bn$1.86bn$1.76bn
Debt$3.47bn$3.05bn$2.99bn$3.06bn$3.21bn$2.43bn$1.93bn$1.75bn$1.64bn$1.60bn
Shareholders' equity$2.72bn$2.87bn$2.80bn$2.83bn$2.87bn$1.83bn$1.87bn$1.71bn$1.63bn$1.66bn
Shares outstanding229m228m226m226m204m194m194m187m182m181m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$611.7m$631.1m$611.1m$591.5m$449.2m$351.0m$331.8m$304.3m$291.9m$263.3m
Capital spending−$44.8m−$43.6m−$39.9m−$113.4m−$221.4m−$473.3m−$102.8m−$86.0m−$68.8m−$136.9m
Free cash flow$566.9m$587.5m$571.3m$478.1m$227.8m−$122.2m$228.9m$218.3m$223.1m$126.4m
Dividends paid−$476.3m−$461.8m−$442.2m−$387.1m−$273.8m−$256.3m−$243.9m−$221.3m−$195.0m−$155.8m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$286.5m$281.9m$282.7m$285.1m$282.3m$273.0m$267.7m$270.9m
Operating income$148.9m$113.6m$141.9m$111.8m$111.5m$114.8m$124.1m$123.5m
Net income$89.6m$82.9m$78.7m$82.9m$83.0m$89.2m$101.9m$100.8m
Diluted earnings per share0.390.360.340.360.360.390.450.44
Cash from operations$144.0m$148.0m$136.0m$168.0m$157.0m$146.0m$164.0m$145.0m
Capital spending−$35.0m—−$14.0m−$14.0m−$14.0m−$9.0m−$10.0m−$12.0m
Free cash flow$109.0m—$122.0m$154.0m$143.0m$137.0m$154.0m$133.0m
Total assets$6.58bn$6.60bn$6.64bn$6.76bn$6.71bn$6.74bn$6.39bn$6.19bn
Cash and short-term investments$14.3m$7.3m$5.8m$108.4m$8.7m$10.8m$71.6m$43.5m
Debt$3.37bn$3.44bn$3.37bn$3.73bn$3.35bn$3.37bn$3.29bn$2.87bn
Shareholders' equity$2.58bn$2.65bn$2.72bn$2.78bn$2.81bn$2.84bn$2.87bn$2.79bn

Financial ratios

Data as of 7 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating margin39.7%45.3%48.1%29.0%28.1%37.9%——
Net margin29.7%36.7%39.1%28.8%27.2%24.4%——
Return on equity12.3%13.6%14.7%10.3%7.8%9.0%——
Return on assets5.0%6.1%6.6%4.6%3.4%3.5%——
Free cash flow yield7.6%7.8%7.6%8.3%8.7%11.3%——
Revenue growth5.3%1.5%4.0%22.7%21.1%3.7%——
Earnings growth-14.7%-4.8%41.0%30.3%34.9%-2.1%——
Current ratio0.13x0.51x0.31x0.25x0.29x0.14x——
Debt to equity1.24x1.15x1.04x1.06x1.10x1.29x——
Equity ratio40.9%44.9%45.0%44.7%43.9%38.3%——
Interest coverage3.90x5.32x5.20x3.14x2.94x3.40x——
R&D as a share of sales——0.0%0.0%0.0%0.0%0.0%0.0%
Buybacks as a share of market value-0.3%-1.0%-0.2%-10.8%-5.2%-0.1%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue3.6%10.6%9.7%
Operating income8.5%1.6%15.3%
Net income4.6%15.0%15.7%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin42.6%41.9%43.2%39.4%
Net margin33.1%33.6%31.6%28.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings24.825.025.531.251.939.336.032.839.355.2
Price to sales7.49.210.09.014.19.69.39.09.49.5

Market value over time

30 Nov 2016 to 6 Oct 2026, in USD

$4.44bn$8.62bn

Share price return

Finished calendar years

2025202420232022202120202019201820172016
Return-17%-4%13%-29%67%5%6%4%9%-14%

Dividends and splits

Per share, in the currency the company pays

Paid for 21 years. Last went ex-dividend on 1 Oct 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year1.592.092.051.981.781.451.331.29

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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