CUBE Q1 2021 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q1 2021 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$189M+15.4% YoY

Gross Profit

$128M67.7% margin

Operating Income

$117M61.9% margin

Net Income

$42M22.0% margin

EPS (Diluted)

$0.21

QoQ Revenue Growth

+5.6%

Cash Flow

Operating Cash Flow

$98M

Free Cash Flow

$98M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$2.6B

Stockholders' Equity

$1.9B

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$189M	$164M	+15.4%
Gross Profit	$128M	$108M	+18.2%
Operating Income	$117M	$98M	+19.6%
Net Income	$42M	$38M	+10.1%

Revenue Segments

Real Estate Other

$19M73%

Management Service

$7M27%