CubeSmart Quarterly Income Statement
NYSE: CUBEReal EstateREIT - IndustrialUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
CubeSmart revenue and earnings
In the quarter ended Mar 31, 2026, CubeSmart generated $281.9 million in revenue, up 3.3% from the same quarter a year earlier. Net income was $82.8 million (-6.8% year over year), for a net margin of 29.4% versus a median of 29.2% in the prior 5 quarters. Gross margin was 68.1% (down from 69.6%).
Diluted earnings per share came in at $0.36, down from $0.39.
Summary generated from market data by MetaCap's automated system. Methodology
CubeSmart income 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 281.93M | 282.69M | 285.08M | 282.30M | 273.04M | 267.73M | 270.89M | 266.21M | 261.41M | 265.13M | 267.88M | 260.81M |
| Revenue growth (YoY) | +3.26% | +5.59% | +5.24% | +6.05% | +4.45% | +0.98% | +1.13% | +2.07% | +1.90% | +1.59% | +2.47% | +4.88% |
| Cost of Revenue | 90.07M | 88.59M | 90.85M | 89.03M | 82.93M | 75.75M | 81.87M | 83.10M | 77.04M | 71.29M | 77.55M | 74.82M |
| Gross Profit | 191.86M | 194.10M | 194.23M | 193.28M | 190.10M | 191.98M | 189.02M | 183.11M | 184.37M | 193.84M | 190.33M | 185.98M |
| Other Income (Expense) | -195.00K | 238.00K | 1.37M | 306.00K | 809.00K | 414.00K | 721.00K | 88.00K | -65.00K | 5.90M | -119.00K | 777.00K |
| 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% |
| EPS (Basic) | 0.36 | 0.35 | 0.36 | 0.36 | 0.39 | 0.44 | 0.45 | 0.42 | 0.42 | 0.50 | 0.46 | 0.43 |
| EPS (Diluted) | 0.36 | 0.35 | 0.36 | 0.36 | 0.39 | 0.45 | 0.44 | 0.41 | 0.42 | 0.51 | 0.45 | 0.43 |
| Shares Outstanding (Basic) | 227.81M | — | 228.79M | 228.74M | 228.66M | — | 226.17M | 225.89M | 225.77M | — | 225.47M | 225.39M |
| Shares Outstanding (Diluted) | 228.21M | — | 229.29M | 229.30M | 229.17M | — | 227.15M | 226.62M | 226.57M | — | 226.21M | 226.28M |
| Gross Margin | 68.05% | 68.66% | 68.13% | 68.46% | 69.63% | 71.71% | 69.78% | 68.79% | 70.53% | 73.11% | 71.05% | 71.31% |
| Net Margin | 29.35% | 27.49% | 28.91% | 29.20% | 32.50% | 38.06% | 37.27% | 35.38% | 36.29% | 42.67% | 38.48% | 37.68% |
This table shows 12 quarterly periods of CubeSmart's income statement, from Q1 2026 back to Q2 2023, across 16 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow CUBE's reporting calendar. What is a income statement?