CUBE Q1 2025 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q1 2025 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$273M+4.4% YoY

Gross Profit

$190M69.6% margin

Operating Income

$115M42.1% margin

Net Income

$89M32.7% margin

EPS (Diluted)

$0.39

QoQ Revenue Growth

+2.0%

Cash Flow

Operating Cash Flow

$146M

Free Cash Flow

$146M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$6.7B

Total Liabilities

$3.8B

Stockholders' Equity

$2.8B

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$273M	$261M	+4.4%
Gross Profit	$190M	$134M	+42.2%
Operating Income	$115M	$118M	-2.7%
Net Income	$89M	$95M	-5.6%

Revenue Segments

Other Property Related Income

$30M74%

Property Management Fee Income

$11M26%