CUBE Q1 2020 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q1 2020 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$164M+7.3% YoY

Gross Profit

$108M66.0% margin

Operating Income

$98M59.7% margin

Net Income

$38M23.1% margin

EPS (Diluted)

$0.20

QoQ Revenue Growth

-1.0%

Cash Flow

Operating Cash Flow

$81M

Free Cash Flow

$81M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.0B

Total Liabilities

$2.2B

Stockholders' Equity

$1.8B

Cash & Equivalents

$36M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$164M	$153M	+7.3%
Gross Profit	$108M	$101M	+6.8%
Operating Income	$98M	$54M	+82.0%
Net Income	$38M	$35M	+6.8%

Revenue Segments

Real Estate Other

$17M73%

Management Service

$6M27%