CubeSmart
About CubeSmart
CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Majority of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. The company derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
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Financial summary
- Revenue FY2025
- $1.1B
- Net income
- $163.9M
- Total assets
- $6.6B
- Market cap
- $9.1B
- Gross margin
- 68.7%
- Operating margin
- 40.0%
- Net margin
- 29.5%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $1.1B
- Cost of revenue
- $351.4M
- Gross profit
- $771.7M
- Operating expenses
- $322.8M
- Operating income
- $448.9M
- Net income
- $331.3M
- EPS (basic)
- $1.46
- EPS (diluted)
- $1.46
Balance sheet
- Total assets
- $6.6B
- Current assets
- $6.6B
- Total liabilities
- $3.9B
- Current liabilities
- $3.9B
- Shareholders’ equity
- $2.7B
Cash flow
- Operating cash flow
- $608.5M
- Investing cash flow
- -$571.3M
- Financing cash flow
- -$104.6M
- Net cash flow
- -$67.4M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $9.1B
- P/E ratio
- 27.5
- EPS (diluted)
- $1.46
- Dividend yield
- 5.28%
- Shares outstanding
- 227.2M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Oct 22, 2004
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Profitable — net income of $163.9M in FY2025.
- Revenue grew 65% from FY2020 to FY2025.
- Gross margin of 68.7%, net margin 29.5%.
- Trading 8% below its 52-week high.
- Pays a dividend yielding about 5.28% annually.
- Valued at a price-to-earnings (P/E) ratio of 27.5.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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