CUBE · XBRL financial data

CubeSmart financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (CUBE's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	679	823	1,010	1,050	1,066	1,123
Cost of revenue	224	252	293	295	318	351
General and administrative	41	48	55	57	60	65
Other income (expense)	(0)	(11)	(10)	6	1	3
Earnings per share, basic USD per share	0.85	1.10	1.29	1.82	1.73	1.46
Earnings per share, diluted USD per share	0.85	1.09	1.29	1.82	1.72	1.46
Weighted average shares, basic millions of shares	194	204	225	225	226	229
Weighted average shares, diluted millions of shares	195	205	226	226	227	229

Fiscal years (CUBE's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	4	11	6	7	72	6
Right-of-use asset	55	55	49	50	49	48
Total assets	4,778	6,548	6,326	6,225	6,394	6,643
Total liabilities	2,688	3,550	3,428	3,344	3,440	3,861
Accumulated deficit	(975)	(1,218)	(1,301)	(1,345)	(1,416)	(1,585)
Total stockholders' equity	1,832	2,872	2,826	2,799	2,872	2,719
Total liabilities and equity	4,778	6,548	6,326	6,225	6,394	6,643
Common shares outstanding (cover page) millions of shares	200	224	225	225	228	227

Fiscal years (CUBE's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Stock-based compensation	7	8	9	10	11	12
Depreciation and amortization	157	232	311	201	210	263
Net cash from operating activities	351	449	591	611	631	609
Purchases of property and equipment	—	—	—	—	42	—
Net cash from investing activities	(511)	(1,853)	(49)	(94)	(174)	(571)
Proceeds from issuing common stock	121	966	5	(0)	118	(0)
Share repurchases	—	—	—	—	—	32
Dividends paid	256	274	387	442	462	476
Net cash from financing activities	108	1,411	(547)	(518)	(388)	(105)
Net change in cash	(52)	7	(4)	(1)	69	(67)

SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
CubeSmart	14	294	not reported	223.4M	Q3 FY26 10-QSep 30, 2026
Healthpeak Properties	514	268	354*	689.5M	Q3 FY26 10-QSep 30, 2026
Lamar Advertising	68	not reported	252*	not reported	Q2 FY26 10-QJun 30, 2026
Potlatchdeltic	89	314	66*	77.3M	Q3 FY25 10-QSep 30, 2025
Host Hotels & Resorts	1,953	1,640	503*	685.1M	Q2 FY26 10-QJun 30, 2026
Janus Living	338	268	112*	not reported	Q3 FY26 10-QSep 30, 2026
BXP	494	896	446*	159.7M	Q4 FY26 10-QJun 30, 2026
Eastgroup Properties	0.3	199	176*	53.8M	Q3 FY26 10-QSep 30, 2026
Omega Healthcare Investors	196	31	191*	304.3M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.