CUBE Q4 2022 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q4 2022 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$262M+17.9% YoY

Gross Profit

$212M80.9% margin

Operating Income

$177M67.4% margin

Net Income

$82M31.2% margin

EPS (Diluted)

$0.26

QoQ Revenue Growth

+0.0%

Cash Flow

Operating Cash Flow

$145M

Free Cash Flow

$145M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$6.3B

Total Liabilities

$3.4B

Stockholders' Equity

$2.8B

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$262M	$223M	+17.9%
Gross Profit	$212M	$181M	+17.6%
Operating Income	$177M	$146M	+20.9%
Net Income	$82M	$45M	+80.5%

Revenue Segments

Other Property Related Income

$24M74%

Property Management Fee Income

$9M26%