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Cubesmart (CUBE) Annual Income Statement

Annual · GAAP · USD millions
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From Cubesmart through Dec 31 2021, changes in Dec 31 2025's revenue and cost structure provide insight into profitability trends.
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Annual Report, GAAP in USD millions
ITEM 		(Dec 31 2025)
2025 		(Dec 31 2024) (Dec 31 2023) (Dec 31 2022) (Dec 31 2021)
Revenues
Operating LeaseLease Income956.65
Revenue From Contract With Customer Excluding Assessed Tax126.22
Total Revenue1,123.11
Costs & Expenses
Cost of Goods and Services Sold351.41
Gross Profit771.71
Selling, Administration, Marketing64.66
Depreciation & Amortization258.15
Total operating costs including COS674.21
Operating income / -loss448.90
Interest Expense, Debt, Excluding Amortization-114.10
Interest Income0.00
Net Interest (-)Expense / Income114.10
Extinguishment of Debt-3.69
Loss (Income) from Equity Method Investments2.46
Other loss / -income350.50
Total costs & expenses791.79
Income & Taxes
Income / -loss before income taxes331.32
Income after income taxes331.32
Income / -loss from continuing operations331.32
Non-controlling interests4.09
Net income / -loss331.32
Income / -loss to shareholder333.78
EBIT217.22
EBITD480.34
EBITDA480.34
Earnings Per Share
Basic EPS (excl. extra items)1.46
Basic Net EPS1.46
Basic shares outstanding (Mill. of Units)228.73
Diluted Net EPS1.46
Diluted average shares (Mill. of Units)229.16
Dividend per share2.09
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About Cubesmart Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.