CubeSmart Cash Flow Statement
NYSE: CUBEReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
CubeSmart free cash flow
In fiscal 2025, CubeSmart generated $608.5 million of operating cash flow and spent $28.1 million on capital expenditures. That left free cash flow of $580.5 million, a free-cash-flow margin of 51.7% of revenue. Free cash flow was down 1.4% from the prior year's $588.9 million.
CubeSmart returned $508.2 million to shareholders: $476.3 million in dividends and $31.9 million in share repurchases, equal to 88% of free cash flow. Free cash flow covered dividend payments 1.2 times.
Summary generated from market data by MetaCap's automated system. Methodology
CubeSmart cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 331.32M | 391.88M | 412.44M | 292.47M | 230.81M | 167.61M | 170.77M | 165.49M | 135.61M | 88.38M |
| Net Income growth (YoY) | -15.46% | -4.98% | +41.02% | +26.71% | +37.71% | -1.85% | +3.19% | +22.03% | +53.45% | +12.21% |
| Depreciation & Amortization | 263.12M | 209.77M | 205.38M | 314.51M | 232.05M | 156.57M | 163.55M | 143.35M | 145.68M | 161.87M |
| Stock-Based Compensation | 11.54M | 11.49M | 10.09M | 9.08M | 8.09M | 7.14M | 6.69M | 5.57M | 5.59M | 4.85M |
| Change in Working Capital | -2.85M | 16.11M | -10.39M | 25.43M | 9.55M | 6.16M | 1.28M | -1.94M | 1.57M | 4.08M |
| Operating Cash Flow | 608.51M | 631.07M | 611.14M | 591.47M | 449.19M | 351.03M | 331.77M | 304.33M | 291.91M | 263.27M |
| Capital Expenditures | -28.05M | -42.20M | -47.52M | -24.36M | -69.89M | -55.29M | -118.30M | -227.52M | -80.65M | -136.91M |
| Investing Cash Flow | -571.32M | -173.96M | -93.82M | -48.77M | -1.85B | -511.44M | -375.66M | -322.26M | -150.30M | -559.29M |
| Dividends Paid | -476.31M | -461.77M | -442.22M | -387.11M | -273.84M | -256.25M | -243.86M | -221.33M | -195.01M | -149.28M |
| Share Repurchases | -31.92M | — | — | — | — | — | — | — | — | — |
| Debt Issued | 443.95M | — | — | — | 1.04B | 445.83M | 696.43M | — | 103.19M | 298.51M |
| Debt Repaid | -300.00M | — | — | — | -300.00M | -250.00M | -200.00M | — | -100.00M | — |
| Financing Cash Flow | -104.62M | -387.67M | -518.03M | -547.09M | 1.41B | 108.20M | 95.86M | 15.25M | -143.32M | 219.41M |
| Net Change in Cash | -67.43M | 69.45M | -708.00K | -4.39M | 7.09M | -52.21M | 51.96M | -2.68M | -1.71M | -76.60M |
| Free Cash Flow | 580.46M | 588.87M | 563.62M | 567.11M | 379.30M | 295.75M | 213.47M | 76.82M | 211.26M | 126.36M |
This table shows 10 annual periods of CubeSmart's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow CUBE's reporting calendar. What is a cash flow statement?