CUBE Q2 2019 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q2 2019 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$159M+7.6% YoY

Gross Profit

$109M68.5% margin

Operating Income

$58M36.7% margin

Net Income

$49M31.1% margin

EPS (Diluted)

$0.26

QoQ Revenue Growth

+4.0%

Cash Flow

Operating Cash Flow

$102M

Free Cash Flow

$102M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.9B

Total Liabilities

$2.1B

Stockholders' Equity

$1.8B

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$159M	$148M	+7.6%
Gross Profit	$109M	$98M	+10.8%
Operating Income	$58M	$55M	+6.4%
Net Income	$49M	$38M	+28.7%

Revenue Segments

Real Estate Other

$17M74%

Management Service

$6M26%