CUBE Q3 2019 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q3 2019 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$167M+8.6% YoY

Gross Profit

$113M67.9% margin

Operating Income

$60M35.8% margin

Net Income

$42M25.3% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

+4.7%

Cash Flow

Operating Cash Flow

$83M

Free Cash Flow

$83M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.0B

Total Liabilities

$2.1B

Stockholders' Equity

$1.8B

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$167M	$153M	+8.6%
Gross Profit	$113M	$105M	+8.1%
Operating Income	$60M	$60M	+0.2%
Net Income	$42M	$43M	-1.7%

Revenue Segments

Real Estate Other

$18M74%

Management Service

$6M26%