CUBE Q3 2020 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q3 2020 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$172M+3.6% YoY

Gross Profit

$115M66.9% margin

Operating Income

$105M61.0% margin

Net Income

$47M27.2% margin

EPS (Diluted)

$0.24

QoQ Revenue Growth

+5.4%

Cash Flow

Operating Cash Flow

$79M

Free Cash Flow

$79M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.0B

Total Liabilities

$2.2B

Stockholders' Equity

$1.7B

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$172M	$167M	+3.6%
Gross Profit	$115M	$113M	+2.0%
Operating Income	$105M	$60M	+76.2%
Net Income	$47M	$42M	+11.2%

Revenue Segments

Real Estate Other

$19M73%

Management Service

$7M27%