CUBE FY 2024 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

FY 2024 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$1.1B+1.5% YoY

Gross Profit

$748M70.2% margin

Operating Income

$483M45.3% margin

Net Income

$391M36.7% margin

EPS (Diluted)

$1.72

Cash Flow

Operating Cash Flow

$631M

Free Cash Flow

$631M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$6.4B

Total Liabilities

$3.4B

Stockholders' Equity

$2.9B

Cash & Equivalents

$72M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$1.1B	+1.5%
Gross Profit	$748M	$756M	-0.9%
Operating Income	$483M	$497M	-2.8%
Net Income	$391M	$411M	-4.8%