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Exceptional 24.802%, jump in Revenues by Cubesmart over the fiscal three months ending June 30 2022

Cubesmart delivered second quarter of 2022 operating profit of $83.38 millions

Published 2022-08-07T18:46:04-04:00
Goran Soko / CSIMarket.com Contributer

For the second quarter of 2022 earnings season Cubesmart income per share surged by 8.33 % of $0.26 per share compare to $0.24 a year before and Income per Share soared by 52.94 % from $0.17 per share from the previous financial reporting period.

Revenues increased rapidly by 24.802 % to $248.66 millions from $199.25 millions in the corresponding financial reporting period a year before and sequentially Revenues surged by 4.233 % from $238.57 millions.



The CEO is pleased with the hard work and commitment of the company employees, who continue to accurately determine adversity and catch up with worldwide customer interest, meanwhile delivering profitability.
Net profits of $58.594 millions in the second quarter of 2022 earnings season increased by 16.34 % from net earnings of $50.366 millions reported in the second quarter of 2022 earnings season a year ago. Cubesmart shifted it's focus on improving sales in the second quarter of 2022 earnings season, as a result net margin eased to 23.56%.
Operating earnings, however, rose 17.75% to $83.38 millions.

Cubesmart is expected to report next financial earnings on November 04, 2022.


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Other CUBE's Earnings Reports

Cubesmart reported first quarter 2022 earnings

Cubesmart reported fourth quarter 2021 earnings

Cubesmart reported third quarter 2021 earnings

       
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