CUBE Q2 2021 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q2 2021 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$200M+22.0% YoY

Gross Profit

$136M68.1% margin

Operating Income

$124M62.3% margin

Net Income

$49M24.4% margin

EPS (Diluted)

$0.24

QoQ Revenue Growth

+5.5%

Cash Flow

Operating Cash Flow

$119M

Free Cash Flow

$119M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$2.6B

Stockholders' Equity

$1.8B

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$200M	$164M	+22.0%
Gross Profit	$136M	$108M	+25.6%
Operating Income	$124M	$99M	+26.0%
Net Income	$49M	$39M	+26.6%

Revenue Segments

Real Estate Other

$21M73%

Management Service

$8M27%