CUBE Q3 2024 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q3 2024 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$271M+1.1% YoY

Gross Profit

$189M69.8% margin

Operating Income

$124M45.6% margin

Net Income

$101M37.2% margin

EPS (Diluted)

$0.44

QoQ Revenue Growth

+1.8%

Cash Flow

Operating Cash Flow

$145M

Free Cash Flow

$145M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$6.2B

Total Liabilities

$3.3B

Stockholders' Equity

$2.8B

Cash & Equivalents

$44M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$271M	$268M	+1.1%
Gross Profit	$189M	$190M	-0.7%
Operating Income	$124M	$126M	-2.2%
Net Income	$101M	$103M	-1.8%

Revenue Segments

Other Property Related Income

$29M73%

Property Management Fee Income

$11M27%