CUBE Q2 2020 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q2 2020 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$164M+2.9% YoY

Gross Profit

$108M66.2% margin

Operating Income

$99M60.3% margin

Net Income

$39M23.5% margin

EPS (Diluted)

$0.20

QoQ Revenue Growth

-0.3%

Cash Flow

Operating Cash Flow

$108M

Free Cash Flow

$108M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.0B

Total Liabilities

$2.2B

Stockholders' Equity

$1.8B

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$164M	$159M	+2.9%
Gross Profit	$108M	$109M	-0.6%
Operating Income	$99M	$58M	+69.0%
Net Income	$39M	$49M	-22.1%

Revenue Segments

Real Estate Other

$17M71%

Management Service

$7M29%