What is CubeSmart's IL — gain loss on involuntary conversion?

CubeSmart (CUBE) reported IL — gain loss on involuntary conversion of $1.2M in Q4 2023.

What does IL — gain loss on involuntary conversion mean?

Measures the accounting gain or loss recognized when the carrying value of a property differs from the proceeds received following an involuntary conversion event. This reflects the financial impact of asset impairment or appreciation relative to insurance recovery. It provides insight into the economic efficiency of the company's risk management and asset valuation strategies.

CubeSmart CUBE IL — Gain Loss On Involuntary Conversion

Discontinued — last reported Q4 '23

Similar metrics at other companies

ADCGain on involuntary conversion, net

$528K—

ADCGain on involuntary conversion, net

$528K—

AJGGain (Loss) on Investments

-$2M-133%

AFLGain (Loss) on Investments

$49M+105%

FNFGain (Loss) On Investments And Disposition Of Other Assets

-$26M-8.3%

MKCGain (Loss) On Disposition Of Business And Intangible Assets

$0—

Other financials

Income statement

See full

Revenue$281.9M+3.3%

Gross profit$191.9M+0.9%

Net income$82.8M-6.8%

EPS (diluted)$0.36-7.7%

Balance sheet

See full

Cash & equivalents$7.3M-32.5%

Total debt$65.5M-0.2%

Total equity$2.6B-6.9%

Total assets$6.6B-2.1%

Cash flow

See full

Operating cash flow$148.8M+1.7%

Valuation

See full

Market cap$9.2B-14.5%

Enterprise value$9.26B-14.4%

P/E28.3×+0.4×

P/S8.1×-1.9×

Profitability

See full

Gross margin68.3%-1.6pp

Operating margin37.8%—

Net margin28.7%-7.1pp

Returns & leverage

See full

Return on equity11.8%-1.9pp

Debt / equity0×0.0×

Where this comes from

Reported directly by CubeSmart in its filing.

Tagged under the XBRL concept cube:GainLossOnInvoluntaryConversion.

The official record: CubeSmart’s 10-Q, filed November 1, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is CubeSmart's IL — gain loss on involuntary conversion?: CubeSmart (CUBE) reported IL — gain loss on involuntary conversion of $1.2M in Q4 2023.
What does IL — gain loss on involuntary conversion mean?: Measures the accounting gain or loss recognized when the carrying value of a property differs from the proceeds received following an involuntary conversion event. This reflects the financial impact of asset impairment or appreciation relative to insurance recovery. It provides insight into the economic efficiency of the company's risk management and asset valuation strategies.