CUBE Q2 2024 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q2 2024 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$266M+1.8% YoY

Gross Profit

$183M68.8% margin

Operating Income

$117M44.1% margin

Net Income

$94M35.3% margin

EPS (Diluted)

$0.41

QoQ Revenue Growth

+1.8%

Cash Flow

Operating Cash Flow

$171M

Free Cash Flow

$171M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$6.2B

Total Liabilities

$3.3B

Stockholders' Equity

$2.8B

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$266M	$262M	+1.8%
Gross Profit	$183M	$187M	-2.0%
Operating Income	$117M	$172M	-31.9%
Net Income	$94M	$98M	-4.0%

Revenue Segments

Other Property Related Income

$29M73%

Property Management Fee Income

$10M27%