CUBE Q3 2022 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q3 2022 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$262M+22.9% YoY

Gross Profit

$186M70.7% margin

Operating Income

$172M65.6% margin

Net Income

$113M43.0% margin

EPS (Diluted)

$0.40

QoQ Revenue Growth

+5.2%

Cash Flow

Operating Cash Flow

$162M

Free Cash Flow

$162M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$6.4B

Total Liabilities

$3.4B

Stockholders' Equity

$2.9B

Cash & Equivalents

$5M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$262M	$213M	+22.9%
Gross Profit	$186M	$149M	+24.3%
Operating Income	$172M	$137M	+25.5%
Net Income	$113M	$88M	+28.8%

Revenue Segments

Other Property Related Income

$26M74%

Property Management Fee Income

$9M26%