CUBE Q4 2021 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q4 2021 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$223M+24.2% YoY

Gross Profit

$181M81.1% margin

Operating Income

$146M65.7% margin

Net Income

$45M20.4% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

+4.3%

Cash Flow

Operating Cash Flow

$106M

Free Cash Flow

$106M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$6.5B

Total Liabilities

$3.5B

Stockholders' Equity

$2.9B

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$223M	$179M	+24.2%
Gross Profit	$181M	$141M	+28.4%
Operating Income	$146M	$112M	+30.1%
Net Income	$45M	$42M	+7.1%

Revenue Segments

Other Property Related Income

$21M72%

Property Management Fee Income

$8M28%