CUBE FY 2022 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

FY 2022 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$1.0B+22.7% YoY

Gross Profit

$716M71.0% margin

Operating Income

$351M34.8% margin

Net Income

$291M28.8% margin

EPS (Diluted)

$1.29

Cash Flow

Operating Cash Flow

$591M

Free Cash Flow

$591M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$6.3B

Total Liabilities

$3.4B

Stockholders' Equity

$2.8B

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.0B	$823M	+22.7%
Gross Profit	$716M	$570M	+25.6%
Operating Income	$351M	$291M	+20.8%
Net Income	$291M	$223M	+30.3%