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
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CubeSmart (CUBE) Operating margin
CubeSmart's operating margin over the twelve months to 30 September 2026 was 40.8%, up 0.9 percentage points from fiscal 2025 (40.0%). Over the past ten years it has ranged from 24.3% (fiscal 2015) to 47.3% (fiscal 2023); the current reading is higher than 82% of that period. That is in line with the Reit Industrial industry median of 40.6% and above the Real Estate sector median of 17.8%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 40.0% | (5.34) |
| FY2024 | 45.3% | (2.03) |
| FY2023 | 47.3% | 12.56 |
| FY2022 | 34.8% | (0.55) |
| FY2021 | 35.3% | (2.59) |
| FY2020 | 37.9% | 1.88 |
| FY2019 | 36.0% | (0.76) |
| FY2018 | 36.8% | 1.78 |
| FY2017 | 35.0% | 6.99 |
| FY2016 | 28.0% | 3.76 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 42.8% | 1.80 |
| Jun 2026 | 41.0% | 0.81 |
| Mar 2026 | 40.2% | 0.86 |
| Dec 2025 | 39.3% | 0.35 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| EXR Extra Space Storage Inc compare | 43.8% |
| TRNO Terreno Realty Corporation compare | 41.6% |
| FR First Industrial Realty Trust, Inc. compare | 41.6% |
| CUBE CubeSmart | 40.8% |
| EGP EastGroup Properties, Inc. compare | 40.8% |
| REXR Rexford Industrial Realty, Inc. compare | 39.9% |
| STAG Stag Industrial, Inc. compare | 37.7% |
| COLD Americold Realty Trust Inc. compare | 15.1% |
| LINE Lineage, Inc. compare | 3.57% |
| Reit Industrial industry median | 40.6% |
| Real Estate sector median | 17.8% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on CUBE
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement