CubeSmart

CUBE Real Estate Reit Industrial

CubeSmart’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 5.33% from fiscal 2024.

Revenue
+3.12%
EPS
+16.1%
Free cash flow
−5.37%
Total debt
+3.13%

Quarter to September 2026, against a year earlier

44.93 0.44 −0.97%
Market cap
$10.2B
P/E
29.8×
Fwd P/E
27.9×
Dividend yield
4.68%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

CubeSmart (CUBE) Free cash flow margin

Alert me on Free cash flow margin

CubeSmart's free cash flow margin over the twelve months to 30 September 2026 was 43.6%, down 2.1 percentage points from fiscal 2025 (45.8%). Over the past ten years it has ranged from −30.4% (fiscal 2016) to 52.3% (fiscal 2023); the current reading is higher than 82% of that period. That is above the Reit Industrial industry median of 18.6% and above the Real Estate sector median of 9.51%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 45.8% (5.35)
FY2024 51.1% (1.16)
FY2023 52.3% 6.60
FY2022 45.7% 13.70
FY2021 32.0% 49.18
FY2020 −17.2% (44.56)
FY2019 27.4% 16.96
FY2018 10.4% (24.47)
FY2017 34.9% 65.27
FY2016 −30.4% (73.72)

Against its own ten years

Low −30.4% High 52.3%
Ten-year median 34.9%
Current reading's percentile 82

Free cash flow margin against peers

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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