CubeSmart has been growing earnings at an average annual rate of 22.8%, while the Specialized REITs industry saw earnings growing at 14.8% annually. Revenues have been growing at an average rate of 12.4% per year. CubeSmart's return on equity is 14%, and it has net margins of 37.7%.
Key information
22.77%
Earnings growth rate
18.63%
EPS growth rate
Specialized REITs Industry Growth
20.01%
Revenue growth rate
12.45%
Return on equity
14.03%
Net Margin
37.67%
Last Earnings Update
30 Sep 2024
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How CubeSmart makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
BMV:CUBE * Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
30 Sep 24
1,067
402
83
0
30 Jun 24
1,065
404
83
0
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
Quality Earnings: CUBE * has high quality earnings.
Growing Profit Margin: CUBE *'s current net profit margins (37.7%) are higher than last year (36.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CUBE *'s earnings have grown significantly by 22.8% per year over the past 5 years.
Accelerating Growth: CUBE *'s earnings growth over the past year (5.8%) is below its 5-year average (22.8% per year).
Earnings vs Industry: CUBE * earnings growth over the past year (5.8%) exceeded the Specialized REITs industry 4.1%.
Return on Equity
High ROE: CUBE *'s Return on Equity (14%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2024/11/18 00:45
End of Day Share Price
2024/08/21 00:00
Earnings
2024/09/30
Annual Earnings
2023/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
CubeSmart is covered by 34 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.