CBSTF
CubeSmart
NYSE · Real Estate · REIT - Industrial · US
$0.03
+0.00%Income statement
| Metric | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 349.8M | 458.7M | 511.3M | 491.3M | 456.0M |
| Cost of Revenue | 246.6M | 290.4M | 331.4M | 355.2M | 309.1M |
| Gross Profit | 103.2M | 168.3M | 180.0M | 136.1M | 146.9M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 132.2M | 163.5M | 164.2M | 217.9M | 195.7M |
| General & Admin Expense | 127.0M | 159.5M | 158.8M | 203.7M | 179.5M |
| Selling & Marketing Expense | 5.1M | 3.9M | 5.9M | 14.2M | 16.3M |
| Other Expenses | 21.0M | 27.1M | 121.0M | (3.0M) | (1.3M) |
| Total Operating Expenses | 153.2M | 190.6M | 285.2M | 209.2M | 184.6M |
| Cost and Expenses | 399.8M | 481.0M | 616.6M | 564.4M | 493.7M |
| Operating Income (EBIT) | (49.9M) | (22.3M) | (105.2M) | (73.1M) | (37.7M) |
| Non-Operating | |||||
| Interest Income | 2.2M | — | — | — | — |
| Interest Expense | 46.0M | 41.4M | 54.9M | 53.9M | 30.0M |
| Net Interest Income | (43.8M) | (41.4M) | (54.9M) | (53.9M) | (30.0M) |
| Other Non-Op Income/Expense | (76.1M) | (39.5M) | (63.7M) | (16.5M) | (36.3M) |
| Non-Operating Income (excl Interest) | 34.3M | (1.9M) | 8.8M | (37.4M) | 6.3M |
| EBT (Pre-Tax Income) | (126.1M) | (61.8M) | (168.9M) | (415.5M) | (145.4M) |
| Income Tax Expense | 53.3M | 43.3M | 5.4M | (10.8M) | 137.8K |
| Bottom Line | |||||
| Net Income | (179.0M) | (105.9M) | (175.7M) | (399.5M) | (141.8M) |
| Earnings from Cont. Ops | (179.4M) | (105.1M) | (174.3M) | (404.8M) | (146.9M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (177.4M) | (105.9M) | (175.7M) | (416.0M) | (143.1M) |
| Per Share | |||||
| Basic EPS | ($0.38) | ($0.23) | ($0.44) | ($1.02) | ($0.42) |
| Diluted EPS | ($0.38) | ($0.23) | ($0.44) | ($1.02) | ($0.42) |
| Revenue Per Share | $0.70 | $0.99 | $1.27 | $1.25 | $1.35 |
| Shares | |||||
| Basic Shares Outstanding | 499.2M | 462.5M | 402.8M | 392.6M | 338.8M |
| Diluted Shares Outstanding | 499.2M | 462.5M | 402.8M | 392.6M | 338.8M |
| Profitability Metrics | |||||
| EBITDA | (49.6M) | 28.6M | (51.3M) | (282.4M) | (63.1M) |
| D&A | 34.6M | 49.0M | 62.7M | 81.4M | 52.5M |
| EBIT | (84.2M) | (20.4M) | (114.0M) | (378.8M) | (116.7M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2025