CUBECubeSmart

$9B

Q4 2025 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$283M+5.6% YoY

Gross Profit

-$256M-90.5% margin

Operating Income

$111M39.3% margin

Net Income

$79M27.8% margin

EPS (Diluted)

$0.34

QoQ Revenue Growth

-0.8%

Cash Flow

Operating Cash Flow

$136M

Free Cash Flow

$122M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$6.6B

Total Liabilities

$3.9B

Stockholders' Equity

$2.7B

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$283M	$268M	+5.6%
Gross Profit	-$256M	$192M	-233.2%
Operating Income	$111M	$124M	-10.5%
Net Income	$79M	$102M	-22.8%

Revenue Segments

Other Property Related Income

$32M77%

Property Management Fee Income

$10M23%

CUBE Q4 2025 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena