CUBE FY 2008 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

FY 2008 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$236M+3.2% YoY

Gross Profit

$137M58.0% margin

Operating Income

$35M14.7% margin

Net Income

$3M1.2% margin

EPS (Diluted)

$0.05

Cash Flow

Operating Cash Flow

$67M

Free Cash Flow

$36M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.0B

Stockholders' Equity

$523M

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$236M	$229M	+3.2%
Gross Profit	$137M	$229M	-40.1%
Operating Income	$35M	$38M	-9.9%
Net Income	$3M	-$13M	+121.4%