What does NY — increase decrease in operating lease liability mean?

The net change in the total value of operating lease obligations for the New York segment.

How do you interpret NY — increase decrease in operating lease liability?

An increase suggests expansion of leased space or higher lease costs, while a decrease indicates lease terminations or the reduction of lease liabilities through payments.

How does NY — increase decrease in operating lease liability compare across companies?

Commonly reported by REITs under ASC 842 lease accounting standards.

CubeSmart CUBE NY — Increase Decrease In Operating Lease Liability

Discontinued — last reported Q3 '20

Similar metrics at other companies

EQHNew York City NY — Operating Lease Liability

$448M—

EQHNew York City — Operating lease liabilities

$448M—

CYTKIncrease Decrease In Operating Lease Liabilities

-$1.04M+51.5%

EQRIncrease Decrease In Lease Liabilities

-$616K-13.9%

ALKSIncrease Decrease In Operating Lease Liabilities

-$2.77M-8.8%

SBACIncrease Decrease In Long Term Lease Liability

-$35.05M-6.9%

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:IncreaseDecreaseInOperatingLeaseLiability.

The official record: CubeSmart’s 10-Q, filed November 5, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does NY — increase decrease in operating lease liability mean?: The net change in the total value of operating lease obligations for the New York segment.
How do you interpret NY — increase decrease in operating lease liability?: An increase suggests expansion of leased space or higher lease costs, while a decrease indicates lease terminations or the reduction of lease liabilities through payments.
How does NY — increase decrease in operating lease liability compare across companies?: Commonly reported by REITs under ASC 842 lease accounting standards.