CubeSmart Past Earnings Performance
Past criteria checks 4/6
CubeSmart has been growing earnings at an average annual rate of 21.8%, while the Specialized REITs industry saw earnings growing at 19.9% annually. Revenues have been growing at an average rate of 13.2% per year. CubeSmart's return on equity is 14.3%, and it has net margins of 38.5%.
Key information
21.8%
Earnings growth rate
17.0%
EPS growth rate
| Specialized REITs Industry Growth | 11.2% |
| Revenue growth rate | 13.2% |
| Return on equity | 14.3% |
| Net Margin | 38.5% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How CubeSmart makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 1,060 | 408 | 82 | 0 |
| 31 Dec 23 | 1,055 | 411 | 82 | 0 |
| 30 Sep 23 | 1,051 | 380 | 78 | 0 |
| 30 Jun 23 | 1,044 | 390 | 78 | 0 |
| 31 Mar 23 | 1,031 | 351 | 77 | 0 |
| 31 Dec 22 | 1,013 | 291 | 77 | 0 |
| 30 Sep 22 | 973 | 255 | 76 | 0 |
| 30 Jun 22 | 924 | 230 | 75 | 0 |
| 31 Mar 22 | 875 | 220 | 72 | 0 |
| 31 Dec 21 | 848 | 223 | 69 | 0 |
| 30 Sep 21 | 782 | 220 | 63 | 0 |
| 30 Jun 21 | 741 | 180 | 61 | 0 |
| 31 Mar 21 | 705 | 169 | 59 | 0 |
| 31 Dec 20 | 679 | 166 | 58 | 0 |
| 30 Sep 20 | 666 | 165 | 51 | 0 |
| 30 Jun 20 | 660 | 161 | 51 | 0 |
| 31 Mar 20 | 655 | 172 | 51 | 0 |
| 31 Dec 19 | 655 | 169 | 50 | 0 |
| 30 Sep 19 | 632 | 175 | 48 | 0 |
| 30 Jun 19 | 619 | 176 | 48 | 0 |
| 31 Mar 19 | 607 | 165 | 47 | 0 |
| 31 Dec 18 | 597 | 164 | 48 | 0 |
| 30 Sep 18 | 587 | 155 | 45 | 0 |
| 30 Jun 18 | 577 | 150 | 43 | 0 |
| 31 Mar 18 | 568 | 144 | 44 | 0 |
| 31 Dec 17 | 558 | 134 | 44 | 0 |
| 30 Sep 17 | 546 | 118 | 45 | 0 |
| 30 Jun 17 | 534 | 104 | 44 | 0 |
| 31 Mar 17 | 521 | 91 | 43 | 0 |
| 31 Dec 16 | 507 | 80 | 42 | 0 |
| 30 Sep 16 | 490 | 92 | 40 | 0 |
| 30 Jun 16 | 475 | 86 | 39 | 0 |
| 31 Mar 16 | 459 | 79 | 38 | 0 |
| 31 Dec 15 | 444 | 72 | 37 | 0 |
| 30 Sep 15 | 428 | 40 | 36 | 0 |
| 30 Jun 15 | 407 | 30 | 37 | 0 |
| 31 Mar 15 | 388 | 24 | 37 | 0 |
| 31 Dec 14 | 371 | 20 | 36 | 0 |
| 30 Sep 14 | 354 | 20 | 28 | 0 |
| 30 Jun 14 | 341 | 17 | 28 | 0 |
| 31 Mar 14 | 328 | 10 | 29 | 0 |
| 31 Dec 13 | 317 | 4 | 37 | 0 |
| 30 Sep 13 | 308 | -5 | 29 | 0 |
| 30 Jun 13 | 294 | -11 | 29 | 0 |
Quality Earnings: UK8 has high quality earnings.
Growing Profit Margin: UK8's current net profit margins (38.5%) are higher than last year (34%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: UK8's earnings have grown significantly by 21.8% per year over the past 5 years.
Accelerating Growth: UK8's earnings growth over the past year (16.3%) is below its 5-year average (21.8% per year).
Earnings vs Industry: UK8 earnings growth over the past year (16.3%) exceeded the Specialized REITs industry -6.7%.
Return on Equity
High ROE: UK8's Return on Equity (14.3%) is considered low.