CUBE Q4 2023 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q4 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$267M+1.7% YoY

Gross Profit

$220M82.5% margin

Operating Income

$181M68.0% margin

Net Income

$113M42.2% margin

EPS (Diluted)

$0.50

QoQ Revenue Growth

-0.4%

Cash Flow

Operating Cash Flow

$146M

Free Cash Flow

$146M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$6.2B

Total Liabilities

$3.3B

Stockholders' Equity

$2.8B

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$267M	$262M	+1.7%
Gross Profit	$220M	$212M	+3.6%
Operating Income	$181M	$177M	+2.6%
Net Income	$113M	$82M	+37.6%

Revenue Segments

Other Property Related Income

$52M73%

Property Management Fee Income

$19M27%