CubeSmart
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. CubeSmart's past years’ income statements indicate that its last revenue has increased compared to the previous period by 4% to $1,050,334,000. The net income raised on $410,757,000 and profit margin reached 39%. Total operating expenses were $755,554,000.
Profit Margin
| 2011 | 237.60M | -398K | -0.17% |
|---|---|---|---|
| 2012 | 283.07M | 1.81M | 0.64% |
| 2013 | 318.39M | 41.44M | 13.02% |
| 2016 | 510.03M | 87.90M | 17.23% |
| 2018 | 597.94M | 163.88M | 27.41% |
| 2019 | 643.91M | 84.05M | 13.05% |
| 2020 | 679.17M | 89.79M | 13.22% |
| 2021 | 822.56M | 130.57M | 15.87% |
| 2022 | 1.00B | 199.18M | 19.73% |
| 2023 | 1.05B | 410.75M | 39.11% |
CUBE Income Statement (2011 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 1.05B | 1.00B | 822.56M | 679.17M | 643.91M | 597.94M | 510.03M | 318.39M | 283.07M | 237.60M |
Cost of revenue | 294.78M | 293.26M | 252.10M | 223.63M | 209.73M | 196.86M | 165.84M | 118.22M | 110.82M | 99.16M |
Gross profit | 755.55M | 716.36M | 570.46M | 455.54M | 434.17M | 401.07M | 344.19M | 200.17M | 172.25M | 138.44M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 22.4M | 21M | 16.9M | 11.5M | 10.3M | 9.4M | 0 | 0 | 0 |
Total operating expenses | 755.55M | 365.23M | 279.85M | 197.99M | 202.10M | 181.06M | 194.68M | 141.87M | 140.00M | 92.91M |
Operating income | 703.12M | 385.75M | 296.89M | 254.81M | 241.78M | 220.01M | 142.95M | 58.29M | 32.25M | 45.52M |
Other income (expenses), net | -290.68M | -93.28M | -66.07M | -89.93M | -71.01M | 9.91M | -8.15M | -5.40M | -40.54M | 50.58M |
Income before tax | 412.43M | 292.47M | 230.81M | 167.61M | 170.77M | 165.48M | 88.37M | 10.40M | -8.29M | -5.05M |
Income tax expense | 0 | 93.28M | 100.23M | 77.81M | 86.71M | 7.60M | 49.27M | 8.24M | 0 | 0 |
Net income | 410.75M | 199.18M | 130.57M | 89.79M | 84.05M | 163.88M | 87.90M | 41.44M | 1.81M | -398K |
Earnings per share | ||||||||||
Basic EPS | 1.82 | 0.89 | 0.64 | 0.46 | 0.44 | 0.89 | 0.45 | 0.26 | 0.01 | -0.02 |
Diluted EPS | 1.82 | 0.88 | 0.64 | 0.46 | 0.44 | 0.88 | 0.45 | 0.26 | 0.01 | -0.02 |
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