CUBE Q1 2019 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q1 2019 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$153M+7.0% YoY

Gross Profit

$101M66.4% margin

Operating Income

$54M35.2% margin

Net Income

$35M23.2% margin

EPS (Diluted)

$0.19

QoQ Revenue Growth

-0.7%

Cash Flow

Operating Cash Flow

$75M

Free Cash Flow

$75M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.8B

Total Liabilities

$2.0B

Stockholders' Equity

$1.7B

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$153M	$143M	+7.0%
Gross Profit	$101M	$94M	+7.8%
Operating Income	$54M	$50M	+6.8%
Net Income	$35M	$34M	+3.1%

Revenue Segments

Real Estate Other

$16M74%

Management Service

$6M26%