CUBE FY 2021 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

FY 2021 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$823M+21.1% YoY

Gross Profit

$570M69.4% margin

Operating Income

$291M35.3% margin

Net Income

$223M27.2% margin

EPS (Diluted)

$1.09

Cash Flow

Operating Cash Flow

$449M

Free Cash Flow

$449M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$6.5B

Total Liabilities

$3.5B

Stockholders' Equity

$2.9B

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$823M	$679M	+21.1%
Gross Profit	$570M	$473M	+20.7%
Operating Income	$291M	$414M	-29.9%
Net Income	$223M	$166M	+34.9%