CUBE Q4 2020 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q4 2020 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$179M+8.2% YoY

Gross Profit

$141M78.5% margin

Operating Income

$112M62.7% margin

Net Income

$42M23.6% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

+3.9%

Cash Flow

Operating Cash Flow

$83M

Free Cash Flow

$83M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$2.7B

Stockholders' Equity

$1.8B

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$179M	$166M	+8.2%
Gross Profit	$141M	$122M	+14.9%
Operating Income	$112M	$101M	+10.9%
Net Income	$42M	$42M	+0.7%

Revenue Segments

Real Estate Other

$18M71%

Management Service

$7M29%