| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 253,593 | 171,177 |
| Depreciation and amortization, including amortization of loan procurement costs | 196,032 | 128,086 |
| Non-cash portion of interest expense related to finance leases | -56 | -32 |
| Equity in earnings of real estate ventures | 1,574 | 926 |
| Cash distributed from real estate ventures | 3,072 | 2,010 |
| Equity compensation expense | 8,601 | 5,712 |
| Accretion of fair market value adjustment of debt | -105 | -22 |
| Other assets | 6,926 | 11,658 |
| Accounts payable and accrued expenses | 17,105 | 6,839 |
| Other liabilities | 2,069 | 2,570 |
| Net cash provided by operating activities | 472,021 | 303,800 |
| Additions and improvements to storage properties | 38,351 | 24,146 |
| Development costs | 25,523 | 18,264 |
| Cash paid for partner's interest in real estate venture, net of cash acquired | 451,141 | 451,141 |
| Investments in real estate ventures | -827 | - |
| Cash distributed from real estate ventures | 2,889 | 2,156 |
| Net cash used in investing activities | -512,953 | -491,395 |
| Unsecured senior notes | 443,952 | - |
| Revolving credit facility | 889,552 | 745,041 |
| Revolving credit facility | 889,552 | 378,741 |
| Mortgage loans and notes payable | 885 | 590 |
| Loan procurement costs | 3,933 | - |
| Issuance of common shares, net | -400 | -289 |
| Payments upon net settlement of equity compensation | 3,250 | 3,230 |
| Exercise of stock options | 1,669 | 1,669 |
| Contributions from noncontrolling interests in subsidiaries | 303 | - |
| Distributions paid to noncontrolling interests in subsidiaries | 434 | 277 |
| Distributions paid to common shareholders | 357,207 | 238,104 |
| Distributions paid to noncontrolling interests in operating partnership | 1,789 | 1,215 |
| Net cash provided by (used in) financing activities | 78,026 | 124,264 |
| Change in cash, cash equivalents and restricted cash | 37,094 | -63,331 |
| Cash and cash equivalents at beginning of period | 77,663 | - |
| Cash and cash equivalents at end of period | 114,757 | - |
CubeSmart (CUBE)
CubeSmart (CUBE)