cube: the income statement

MyFinsight

CubeSmart (CUBE)

For the quarter ending 2025-06-30, CUBE made $282,303K in revenue. $82,960K in net income. Net profit margin of 29.39%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30	2025-03-31	2024-09-30	2024-06-30
Total revenues	282,303	273,036	270,890	266,209
General and administrative	14,897	16,068	14,265	14,622
Depreciation and amortization	66,488	59,156	51,210	51,035
Property operating expenses	89,028	82,934	81,868	83,097
Total operating expenses	170,413	158,158	147,343	148,754
Other	306	809	721	88
Interest expense on loans	29,090	26,100	22,750	22,767
Equity in earnings of real estate ventures	547	379	418	425
Loan procurement amortization expense	1,221	1,221	986	1,015
Total other expense	-29,458	-26,133	-22,597	-23,269
Net income	82,432	88,745	100,950	94,186
Net loss attributable to noncontrolling interests in subsidiaries	-929	-905	-398	-302
Net income attributable to noncontrolling interests in the operating partnership	401	453	551	524
Net income attributable to the company	82,960	89,197	100,797	93,964

Earnings per share, basic	0.36	0.39	0.45	0.42
Earnings per share, diluted	0.36	0.39	0.44	0.41
Weighted average number of shares outstanding, basic	228,737,000	228,663,000	226,166,000	225,886,000
Weighted average number of shares outstanding, diluted	229,303,000	229,169,000	227,149,000	226,618,000

Unit: Thousand (K) dollars (except for numbers of shares and EPS)