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

45.27 0.10 −0.22%
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) Operating margin

Alert me on 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

Against its own ten years

Low 24.3% High 47.3%
Ten-year median 36.0%
Current reading's percentile 77

Operating margin against peers

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

The full definition of Operating margin →

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