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CubeSmart CUBE Business Segments — Amortization Of Financing Costs

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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

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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

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Operating cash flow$148.8M+1.7%

Valuation

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Market cap$9.45B+4.9%
Enterprise value$9.5B+4.8%
P/E29×+5.0×
P/S8.3×+0.1×

Profitability

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Gross margin68.3%-1.6pp
Operating margin37.8%
Net margin28.7%-7.1pp

Returns & leverage

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Return on equity11.8%-1.9pp
Debt / equity0.0×

Where this comes from

Reported directly by CubeSmart in its filing.

Tagged under the XBRL concept us-gaap:AmortizationOfFinancingCosts.

The source filing: CubeSmart’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 4:30 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001298675-26-000018
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Total property operating expenses90,06882,934
Depreciation and amortization61,43859,156
General and administrative17,18916,068
Interest expense on loans29,83126,100
Loan procurement amortization expense1,0651,221
Equity in earnings of real estate ventures(607)(379)
Other195(809)
Net income$82,750$88,745

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is CubeSmart's business segments — amortization of financing costs?
CubeSmart (CUBE) reported business segments — amortization of financing costs of $1.07M in Q1 2026.
How has CubeSmart's business segments — amortization of financing costs changed year-over-year?
CubeSmart's business segments — amortization of financing costs decreased by 12.8% year-over-year, from $1.22M to $1.07M.
What is the long-term trend for CubeSmart's business segments — amortization of financing costs?
Over 3 years (2022 to 2025), CubeSmart's business segments — amortization of financing costs has grown at a 8.5% compound annual growth rate (CAGR), from $3.9M to $4.97M.
What does business segments — amortization of financing costs mean?
The non-cash expense recognized over the life of debt instruments related to the self-storage segment, representing the systematic write-off of costs incurred to secure financing. This reflects the accounting treatment of fees paid to lenders or underwriters.

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