CubeSmart — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that CubeSmart filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.12B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $1.07B | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $1.05B | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $1.01B | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $822.56M | Feb 29, 2024 |
| FY2022 | Dec 31, 2020 | $679.18M | Feb 24, 2023 |
| FY2019 | Dec 31, 2019 | $165.51M | Feb 21, 2020 |
| FY2019 | Sep 30, 2019 | $166.55M | Feb 21, 2020 |
| FY2019 | Jun 30, 2019 | $159.02M | Feb 21, 2020 |
| FY2019 | Mar 31, 2019 | $152.85M | Feb 21, 2020 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2019 | Dec 31, 2019 | $42.05M | Feb 21, 2020 |
| FY2019 | Sep 30, 2019 | $42.15M | Feb 21, 2020 |
| FY2019 | Jun 30, 2019 | $49.42M | Feb 21, 2020 |
| FY2019 | Mar 31, 2019 | $35.50M | Feb 21, 2020 |
| FY2019 | Dec 31, 2018 | $48.16M | Feb 21, 2020 |
| FY2019 | Sep 30, 2018 | $42.90M | Feb 21, 2020 |
| FY2019 | Jun 30, 2018 | $38.41M | Feb 21, 2020 |
| FY2019 | Mar 31, 2018 | $34.42M | Feb 21, 2020 |
| FY2018 | Dec 31, 2017 | $39.55M | Feb 22, 2019 |
| FY2018 | Sep 30, 2017 | $37.30M | Feb 22, 2019 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $195.72M | Feb 16, 2018 |
| FY2017 | Dec 31, 2016 | $142.95M | Feb 16, 2018 |
| FY2017 | Dec 31, 2015 | $107.89M | Feb 16, 2018 |
| FY2016 | Dec 31, 2014 | $81.54M | Feb 17, 2017 |
| FY2015 | Dec 31, 2013 | $54.45M | Feb 19, 2016 |
| FY2014 | Dec 31, 2012 | $23.79M | Feb 27, 2015 |
| FY2013 | Dec 31, 2011 | $36.77M | Feb 28, 2014 |
| FY2012 | Dec 31, 2010 | $29.63M | Feb 28, 2013 |
| FY2011 | Dec 31, 2009 | $25.67M | Feb 29, 2012 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $608.51M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $631.07M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $611.14M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $591.47M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $449.19M | Feb 29, 2024 |
| FY2022 | Dec 31, 2020 | $351.03M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $331.77M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $304.34M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $291.91M | Feb 21, 2020 |
| FY2018 | Dec 31, 2016 | $263.27M | Feb 22, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2019 | Dec 31, 2019 | $118.30M | Feb 21, 2020 |
| FY2018 | Dec 31, 2018 | $227.52M | Feb 22, 2019 |
| FY2018 | Dec 31, 2017 | $80.65M | Feb 22, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $6.64B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $6.39B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $6.23B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $6.33B | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $6.55B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $4.78B | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $4.03B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $3.75B | Feb 21, 2020 |
| FY2018 | Dec 31, 2017 | $3.55B | Feb 22, 2019 |
| FY2017 | Dec 31, 2016 | $3.48B | Feb 16, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.86B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $3.44B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $3.34B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $3.43B | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $3.55B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $2.69B | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $2.16B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $1.98B | Feb 21, 2020 |
| FY2018 | Dec 31, 2017 | $1.86B | Feb 22, 2019 |
| FY2017 | Dec 31, 2016 | $1.76B | Feb 16, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.72B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $2.87B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $2.80B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $2.83B | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $2.87B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $1.83B | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $1.80B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $1.71B | Feb 21, 2020 |
| FY2018 | Dec 31, 2017 | $1.63B | Feb 22, 2019 |
| FY2017 | Dec 31, 2016 | $1.66B | Feb 16, 2018 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($1.59B) | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | ($1.42B) | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | ($1.35B) | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | ($1.30B) | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | ($1.22B) | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | ($974.80M) | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | ($876.61M) | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | ($791.92M) | Feb 21, 2020 |
| FY2018 | Dec 31, 2017 | ($729.31M) | Feb 22, 2019 |
| FY2017 | Dec 31, 2016 | ($658.58M) | Feb 16, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $5.78M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $71.56M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $6.53M | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $6.06M | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $11.14M | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $3.59M | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $54.86M | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $3.76M | Feb 21, 2020 |
| FY2018 | Dec 31, 2017 | $5.27M | Feb 22, 2019 |
| FY2017 | Dec 31, 2016 | $2.97M | Feb 16, 2018 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | 1 | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | 1 | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | 1 | Feb 29, 2024 |
| FY2022 | Dec 31, 2020 | 0 | Feb 24, 2023 |
| FY2019 | Dec 31, 2019 | 0 | Feb 21, 2020 |
| FY2019 | Sep 30, 2019 | 0 | Feb 21, 2020 |
| FY2019 | Jun 30, 2019 | 0 | Feb 21, 2020 |
| FY2019 | Mar 31, 2019 | 0 | Feb 21, 2020 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | 1 | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | 1 | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | 1 | Feb 29, 2024 |
| FY2022 | Dec 31, 2020 | 0 | Feb 24, 2023 |
| FY2019 | Dec 31, 2019 | 0 | Feb 21, 2020 |
| FY2019 | Sep 30, 2019 | 0 | Feb 21, 2020 |
| FY2019 | Jun 30, 2019 | 0 | Feb 21, 2020 |
| FY2019 | Mar 31, 2019 | 0 | Feb 21, 2020 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 227.27M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 227.76M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | 224.92M | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | 224.60M | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | 223.92M | Feb 24, 2023 |
| FY2022 | Dec 31, 2020 | 197.41M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | 193.56M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | 187.15M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | 182.22M | Feb 21, 2020 |
| FY2018 | Dec 31, 2016 | 180.08M | Feb 22, 2019 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $476.31M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $461.77M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $442.22M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $387.11M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $273.84M | Feb 29, 2024 |
| FY2022 | Dec 31, 2020 | $256.25M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $243.86M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $221.33M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $195.01M | Feb 21, 2020 |
| FY2018 | Dec 31, 2016 | $149.28M | Feb 22, 2019 |