CubeSmart
CUBE · XNYSCIK 1298675fmd_0VGMJFMNDR9C0E7NAFR11K269TFinance, Insurance and Real Estate · Real Estate Investment TrustsTemplate: Real estate
Coverage: Jan 01, 2009 to Mar 31, 2026, 66 periods
| Line item | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Rental revenue | – | 489 | 518 | 552 | 581 | 708 | 879 | 912 | 911 | 957 |
| Total revenues | – | 559 | 598 | 644 | 679 | 823 | 1,010 | 1,050 | 1,066 | 1,123 |
| Cost of revenue | 166 | 182 | 197 | 210 | 224 | 252 | 293 | 295 | 318 | 351 |
| Gross profit | – | 377 | 401 | 434 | 456 | 570 | 716 | 756 | 748 | 772 |
| Depreciation and amortization | 162 | 146 | 143 | 164 | 157 | 232 | 311 | 201 | 206 | 258 |
| Gain on sale of real estate | – | – | 11 | 2 | 7 | 33 | – | – | – | – |
| Impairment of real estate | – | 0 | – | – | – | – | – | – | – | – |
| Funds from operations (NAREIT definition, derived) | 250 | 280 | 297 | 333 | 317 | 430 | 603 | 614 | 598 | 589 |
| Operating income | 143 | 196 | – | – | – | – | – | – | – | – |
| Interest expense | 50 | 57 | 62 | – | – | – | – | – | – | – |
| Other non-operating income (expense) | 1 | 1 | 0 | 1 | (0) | (11) | (10) | 6 | 1 | 3 |
| Net income from continuing operations | 88 | 136 | 165 | – | – | – | – | – | – | – |
| Net income | 88 | 134 | 164 | 171 | 168 | 231 | 292 | 412 | 392 | 331 |
| Net income to common shareholders | 80 | 134 | 164 | 169 | 166 | 223 | 291 | 411 | 391 | 334 |