CUBE Q4 2024 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q4 2024 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$268M+0.4% YoY

Gross Profit

$192M71.7% margin

Operating Income

$124M46.3% margin

Net Income

$102M38.1% margin

EPS (Diluted)

$0.45

QoQ Revenue Growth

-1.2%

Cash Flow

Operating Cash Flow

$165M

Free Cash Flow

$165M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$6.4B

Total Liabilities

$3.4B

Stockholders' Equity

$2.9B

Cash & Equivalents

$72M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$268M	$267M	+0.4%
Gross Profit	$192M	$220M	-12.7%
Operating Income	$124M	$181M	-31.6%
Net Income	$102M	$113M	-9.6%

Revenue Segments

Other Property Related Income

$29M74%

Property Management Fee Income

$10M26%