CUBECubeSmart

$9B

Q2 2022 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$249M+24.9% YoY

Gross Profit

$176M70.5% margin

Operating Income

$162M65.0% margin

Net Income

$58M23.4% margin

EPS (Diluted)

$0.16

QoQ Revenue Growth

+4.4%

Cash Flow

Operating Cash Flow

$154M

Free Cash Flow

$154M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$6.4B

Total Liabilities

$3.5B

Stockholders' Equity

$2.8B

Cash & Equivalents

$5M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$249M	$200M	+24.9%
Gross Profit	$176M	$136M	+29.4%
Operating Income	$162M	$124M	+30.4%
Net Income	$58M	$49M	+19.7%

Revenue Segments

Other Property Related Income

$24M73%

Property Management Fee Income

$9M27%

CUBE Q2 2022 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena