The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 331,317 |
| Depreciation and amortization, including amortization of loan procurement costs | 263,123 |
| Non-cash portion of interest expense related to finance leases | -89 |
| Loss on early extinguishment of debt | -3,692 |
| Equity in earnings of real estate ventures | 2,460 |
| Cash distributed from real estate ventures | 3,971 |
| Equity compensation expense | 11,544 |
| Accretion of fair market value adjustment of debt | -268 |
| Other assets | 6,079 |
| Accounts payable and accrued expenses | 2,477 |
| Other liabilities | 748 |
| Net cash provided by operating activities | 608,512 |
| Acquisitions of storage properties | 49,681 |
| Additions and improvements to storage properties | 44,786 |
| Development costs | 28,050 |
| Cash paid for partner's interest in real estate venture, net of cash acquired | 451,141 |
| Investments in real estate ventures | -827 |
| Cash distributed from real estate ventures | 3,162 |
| Net cash used in investing activities | -571,323 |
| Unsecured senior notes | 443,952 |
| Revolving credit facility | 1,403,877 |
| Unsecured senior notes | 300,000 |
| Revolving credit facility | 1,025,077 |
| Mortgage loans and notes payable | 109,185 |
| Loan procurement costs | 4,271 |
| Debt prepayment costs | 1,100 |
| Issuance of common shares, net | -452 |
| Repurchase of common shares | 31,916 |
| Payments upon net settlement of equity compensation | 3,264 |
| Exercise of stock options | 5,406 |
| Redemption of units for cash | 3,654 |
| Contributions from noncontrolling interests in subsidiaries | 303 |
| Distributions paid to noncontrolling interests in subsidiaries | 566 |
| Distributions paid to common shareholders | 476,309 |
| Distributions paid to noncontrolling interests in operating partnership | 2,363 |
| Net cash used in financing activities | -104,619 |
| Change in cash, cash equivalents and restricted cash | -67,430 |
| Cash, cash equivalents and restricted cash at beginning of period | 77,663 |
| Cash, cash equivalents and restricted cash at end of period | 10,233 |
CubeSmart (CUBE)
CubeSmart (CUBE)