What does IL — proceeds from involuntary conversion net mean?

Represents the net cash inflows received from insurance settlements or government takings related to damaged or destroyed real estate assets within the specific geographic segment. This metric reflects the recovery value of assets lost to unforeseen events like natural disasters or eminent domain. It is a critical indicator of risk mitigation and insurance coverage effectiveness for the regional portfolio.

CubeSmart CUBE IL — Proceeds From Involuntary Conversion Net

Discontinued — last reported Q4 '23

Similar metrics at other companies

ADCGain on involuntary conversion, net

$528K—

ADCGain on involuntary conversion, net

$528K—

EGPProceeds from insurance settlements related to property and equipment

$2.14M-30.8%

HRProceeds from insurance recovery

$500K—

AROCProceeds from insurance settlements related to property and equipment

$0—

NEProceeds from insurance settlements related to property and equipment

$0-100%

Other financials

Income statement

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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

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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:ProceedsFromInvoluntaryConversionNet.

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 — proceeds from involuntary conversion net?: CubeSmart (CUBE) reported IL — proceeds from involuntary conversion net of $2M in Q4 2023.
What does IL — proceeds from involuntary conversion net mean?: Represents the net cash inflows received from insurance settlements or government takings related to damaged or destroyed real estate assets within the specific geographic segment. This metric reflects the recovery value of assets lost to unforeseen events like natural disasters or eminent domain. It is a critical indicator of risk mitigation and insurance coverage effectiveness for the regional portfolio.