CUBE Q3 2023 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q3 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$268M+2.1% YoY

Gross Profit

$190M71.1% margin

Operating Income

$126M47.1% margin

Net Income

$103M38.3% margin

EPS (Diluted)

$0.45

QoQ Revenue Growth

+2.4%

Cash Flow

Operating Cash Flow

$170M

Free Cash Flow

$170M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$6.2B

Total Liabilities

$3.4B

Stockholders' Equity

$2.8B

Cash & Equivalents

$8M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$268M	$262M	+2.1%
Gross Profit	$190M	$186M	+2.6%
Operating Income	$126M	$172M	-26.6%
Net Income	$103M	$113M	-9.1%

Revenue Segments

Other Property Related Income

$26M73%

Property Management Fee Income

$10M27%