CUBE Q3 2021 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q3 2021 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$213M+23.7% YoY

Gross Profit

$149M70.0% margin

Operating Income

$137M64.3% margin

Net Income

$88M41.1% margin

EPS (Diluted)

$0.43

QoQ Revenue Growth

+6.9%

Cash Flow

Operating Cash Flow

$126M

Free Cash Flow

$126M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$2.6B

Stockholders' Equity

$1.9B

Cash & Equivalents

$20M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$213M	$172M	+23.7%
Gross Profit	$149M	$115M	+29.4%
Operating Income	$137M	$105M	+30.5%
Net Income	$88M	$47M	+86.9%

Revenue Segments

Real Estate Other

$22M73%

Management Service

$8M27%