For the year ending 2025-12-31, CUBE made $1,123,110K in revenue. $333,782K in net income. Net profit margin of 29.72%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Total revenues | 1,123,110 | 1,066,231 | ||
| Property operating expenses | 351,405 | 317,750 | ||
| Depreciation and amortization | 258,151 | 205,703 | ||
| General and administrative | 64,655 | 59,663 | ||
| Total operating expenses | 674,211 | 583,116 | ||
| Interest expense on loans | 114,099 | 90,820 | ||
| Loan procurement amortization expense | 4,972 | 4,067 | ||
| Loss on early extinguishment of debt | -3,692 | - | ||
| Equity in earnings of real estate ventures | 2,460 | 2,499 | ||
| Other | 2,721 | 1,158 | ||
| Total other expense | -117,582 | -91,230 | ||
| Net income | 331,317 | 391,885 | ||
| Net income attributable to noncontrolling interests in the operating partnership | 1,625 | 2,159 | ||
| Net loss attributable to noncontrolling interests in subsidiaries | -4,090 | -1,454 | ||
| Net income attributable to the company | 333,782 | 391,180 | ||
| Basic EPS | 1.46 | 1.73 | ||
| Diluted EPS | 1.46 | 1.72 | ||
| Basic Average Shares | 228,727,000 | 226,353,000 | ||
| Diluted Average Shares | 229,160,000 | 227,150,000 | ||
CubeSmart (CUBE)
CubeSmart (CUBE)