CUBE FY 2023 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

FY 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$1.1B+4.0% YoY

Gross Profit

$756M71.9% margin

Operating Income

$497M47.3% margin

Net Income

$411M39.1% margin

EPS (Diluted)

$1.82

Cash Flow

Operating Cash Flow

$611M

Free Cash Flow

$611M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$6.2B

Total Liabilities

$3.3B

Stockholders' Equity

$2.8B

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$1.0B	+4.0%
Gross Profit	$756M	$716M	+5.5%
Operating Income	$497M	$351M	+41.6%
Net Income	$411M	$291M	+41.0%