CubeSmart

NYSE:CUBEReal EstateNASDAQ:NQUSMGSTOXX:EDD24BP

$39.35+2.00%At closeAt close · Wed 21 Oct · ≈ AED 144.51 · Market cap $8.91B · Next earnings Thu 29 Oct

CUBE · Income statement · TradingHolo

USD billions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	TTM	YoY
Revenue	0.7	0.8	1.0	1.1	1.1	1.1	1.1	+1.2%
Cost of revenue	0.2	0.3	0.3	0.3	0.3	0.9	0.5	−37.3%
Gross profit	0.5	0.6	0.7	0.8	0.7	0.3	0.5	+79.9%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Selling, general & administrative	0.1	0.1	0.1	0.1	0.1	0.1	—	—
Selling & marketing	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Operating expenses	0.1	0.3	0.4	0.3	0.3	(0.2)	—	—
Operating income	0.4	0.3	0.4	0.5	0.5	0.4	0.5	+0.9%
Interest expense	0.0	0.0	0.0	0.0	0.0	0.1	—	—
Interest income	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Other income / expense	(0.2)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	—	—
Pre-tax income	0.2	0.2	0.3	0.4	0.4	0.3	0.3	+0.4%
Income tax	0.0	0.0	0.0	0.0	0.0	0.0	0.0	—
Net income	0.2	0.2	0.3	0.4	0.4	0.3	0.3	+0.1%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—	—
EPS, basic (per share)	0.85	1.10	1.29	1.82	1.73	1.46	1.46	−0.1%
EPS, diluted (per share)	0.85	1.09	1.29	1.82	1.72	1.46	1.46	−0.2%
EBITDA	0.4	0.5	0.6	0.7	0.7	0.7	0.7	−0.1%
Depreciation & amortization	0.2	0.2	0.3	0.2	0.2	0.3	0.3	−2.3%
Weighted average shares (shares)	194,147,000	203,832,000	224,928,000	225,424,000	226,353,000	228,727,000	—	—
Weighted average diluted shares (shares)	194,943,000	205,009,000	225,881,000	226,241,000	227,150,000	229,160,000	—	—
Gross margin	69.6%	69.4%	71.0%	71.9%	70.2%	22.7%	40.4%	+17.7 pts
Operating margin	61.0%	35.3%	34.8%	47.3%	45.3%	40.0%	39.8%	−0.1 pts
Net margin	24.4%	27.2%	28.8%	39.1%	36.7%	29.7%	29.4%	−0.3 pts

USD billionsUpdated Thu 30 Jul ·

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Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.

TTM ends 2026-06-30 and uses four consecutive reported quarters.