CubeSmart Quarterly 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 the quarter ended Mar 31, 2026, CubeSmart generated $148.8 million of operating cash flow and spent $10.0 million on capital expenditures. That left free cash flow of $138.8 million, a free-cash-flow margin of 49.2% of revenue. Free cash flow was up 0.4% from the prior year's $138.3 million.
CubeSmart returned $154.4 million to shareholders: $121.1 million in dividends and $33.4 million in share repurchases, equal to 111% of free cash flow. Free cash flow covered dividend payments 1.1 times.
Summary generated from market data by MetaCap's automated system. Methodology
CubeSmart cash flow statement (quarterly)
| Quarter (USD) | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 82.75M | 77.72M | 82.42M | 82.43M | 88.75M | 101.89M | 100.95M | 94.19M | 94.86M | 113.14M | 103.07M | 98.28M |
| Net Income growth (YoY) | -6.76% | -23.72% | -18.36% | -12.48% | -6.44% | -9.94% | -2.06% | -4.17% | -3.15% | +37.68% | -9.14% | +67.74% |
| Depreciation & Amortization | 62.50M | 67.09M | 67.95M | 67.71M | 60.38M | 53.78M | 52.20M | 52.05M | 51.75M | 51.60M | 49.98M | 50.36M |
| Stock-Based Compensation | 3.28M | 2.94M | 2.89M | 2.50M | 3.21M | 2.90M | 2.90M | 2.86M | 2.83M | 2.56M | 2.54M | 2.45M |
| Change in Working Capital | -278.00K | -15.10M | 14.50M | 4.40M | -6.65M | 5.71M | -11.35M | 21.22M | 526.00K | -20.15M | 13.06M | 10.21M |
| Operating Cash Flow | 148.84M | 136.49M | 168.22M | 157.48M | 146.32M | 164.67M | 145.40M | 170.86M | 150.15M | 142.30M | 169.76M | 162.38M |
| Capital Expenditures | -10.04M | -2.53M | -7.26M | -10.25M | -8.02M | -6.47M | -6.96M | -10.43M | -6.10M | -13.29M | -6.51M | -9.65M |
| Investing Cash Flow | -21.70M | -58.37M | -21.56M | -24.06M | -467.33M | -101.10M | -18.30M | -20.34M | -34.22M | -35.29M | -11.08M | -21.89M |
| Dividends Paid | -121.07M | -119.10M | -119.10M | -119.06M | -119.05M | -115.87M | -115.38M | -115.27M | -115.25M | -110.62M | -110.59M | -110.52M |
| Share Repurchases | -33.38M | — | — | — | — | — | — | — | — | — | — | — |
| Debt Issued | — | 0 | — | — | — | — | — | — | — | — | — | — |
| Financing Cash Flow | -127.90M | -182.65M | -46.24M | -134.84M | 259.10M | -31.26M | -89.01M | -150.86M | -116.53M | -108.69M | -159.92M | -138.12M |
| Net Change in Cash | -763.00K | -104.52M | 100.42M | -1.42M | -61.91M | 32.31M | 38.09M | -343.00K | -604.00K | -1.68M | -1.25M | 2.36M |
| Free Cash Flow | 138.80M | 133.96M | 160.96M | 147.23M | 138.30M | 158.20M | 138.44M | 160.44M | 144.05M | 129.00M | 163.25M | 152.72M |
This table shows 12 quarterly periods of CubeSmart's cash flow statement, from Q1 2026 back to Q2 2023, 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?