CUBE Income Statement - TTM - CubeSmart

Income Statement (TTM)

CubeSmart Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	666	679	705	741	782	848	875	924	973	1,059	1,031	1,044	1,051	1,055	1,060	1,065	1,067	1,069	1,080	1,096
Change (%)		2.03	3.71	5.12	5.52	8.48	3.15	5.68	5.29	8.78	-2.57	1.19	0.67	0.42	0.46	0.48	0.19	0.17	1.04	1.50
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	211	207	212	221	228	231	240	250	263	271	271	273	274	270	276	284	289	292	298	304
Change (%)		-2.21	2.65	3.96	3.16	1.54	4.04	4.04	5.06	3.06	0.21	0.50	0.30	-1.21	2.19	3.00	1.52	1.03	2.02	1.99
% of Revenue	31.75	30.43	30.12	29.79	29.12	27.26	27.49	27.07	27.01	25.59	26.32	26.14	26.04	25.62	26.06	26.71	27.07	27.30	27.56	27.70

Gross Operating Profit	454	473	492	520	554	617	634	674	710	788	760	771	777	785	784	780	778	777	782	793
Change (%)		4.01	4.17	5.62	6.53	11.33	2.81	6.30	5.37	10.90	-3.52	1.43	0.80	0.99	-0.13	-0.41	-0.29	-0.15	0.68	1.31
% of Revenue	68.25	69.57	69.88	70.21	70.88	72.74	72.51	72.93	72.99	74.41	73.68	73.86	73.96	74.38	73.94	73.29	72.93	72.70	72.44	72.30

SG&A	51	58	59	61	63	69	72	75	76	77	77	78	78	82	82	83	83	86	86	86
Change (%)		13.91	0.94	3.43	3.12	9.58	5.24	2.99	1.74	1.51	0.19	0.78	0.86	3.95	1.17	0.36	0.25	3.22	0.52	0.32
% of Revenue	7.69	8.59	8.36	8.22	8.03	8.12	8.28	8.07	7.80	7.28	7.48	7.45	7.47	7.73	7.78	7.77	7.78	8.02	7.97	7.88

R&D
Change (%)
% of Revenue

OpEx	422	422	441	465	492	532	574	610	648	658	627	600	572	553	560	570	575	583	598	620
Change (%)		-0.20	4.51	5.60	5.73	8.13	7.84	6.41	6.17	1.60	-4.79	-4.26	-4.68	-3.33	1.31	1.65	1.01	1.36	2.53	3.62
% of Revenue	63.45	62.06	62.54	62.83	62.95	62.74	65.60	66.05	66.61	62.21	60.79	57.52	54.46	52.43	52.87	53.49	53.92	54.56	55.37	56.52

Operating Income	243	258	264	275	290	316	301	314	325	400	404	443	478	502	500	495	492	486	482	477
Change (%)		5.91	2.40	4.32	5.18	9.08	-4.76	4.27	3.58	23.11	1.08	9.64	7.92	4.91	-0.47	-0.84	-0.75	-1.22	-0.74	-1.13
% of Revenue	36.55	37.94	37.46	37.17	37.05	37.26	34.40	33.95	33.39	37.79	39.21	42.48	45.54	47.57	47.13	46.51	46.08	45.44	44.63	43.48

Interest Expense	-78	-79	-79	-80	-80	-87	-90	-94	-99	-97	-98	-99	-98	-97	-96	-96	-95	-95	-98	-105
Change (%)		0.68	1.06	0.84	0.50	7.65	4.05	4.32	4.98	-1.54	0.98	0.58	-0.59	-0.93	-0.80	-0.83	-0.52	-0.25	3.55	6.64
% of Revenue	-11.72	-11.56	-11.27	-10.81	-10.30	-10.22	-10.31	-10.17	-10.14	-9.18	-9.52	-9.46	-9.34	-9.21	-9.10	-8.98	-8.92	-8.88	-9.10	-9.56

Net Income	165	166	169	180	220	223	220	230	255	291	351	390	380	411	408	404	402	391	386	375
Change (%)		0.17	2.32	6.05	22.68	1.37	-1.60	4.37	11.00	14.33	20.40	11.27	-2.63	8.11	-0.74	-0.96	-0.46	-2.68	-1.36	-2.85
% of Revenue	24.83	24.38	24.05	24.26	28.21	26.36	25.15	24.83	26.18	27.52	34.00	37.39	36.17	38.94	38.47	37.92	37.67	36.60	35.73	34.20

Source: Capital IQ

CubeSmart - Income Statement (TTM)

Income Statement (TTM)

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