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CubeSmart CUBE Business Segments — Cost Of Property Repairs And Maintenance

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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:CostOfPropertyRepairsAndMaintenance.

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
Property taxes32,03430,179
Personnel expense22,22421,380
Advertising5,5524,421
Repair and maintenance3,0822,864
Utilities7,1846,669
Property insurance3,4494,173
Other property operating expenses16,54313,248
Total property operating expenses90,06882,934

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is CubeSmart's business segments — cost of property repairs and maintenance?
CubeSmart (CUBE) reported business segments — cost of property repairs and maintenance of $3.08M in Q1 2026.
How has CubeSmart's business segments — cost of property repairs and maintenance changed year-over-year?
CubeSmart's business segments — cost of property repairs and maintenance increased by 7.6% year-over-year, from $2.86M to $3.08M.
What is the long-term trend for CubeSmart's business segments — cost of property repairs and maintenance?
Over 3 years (2022 to 2025), CubeSmart's business segments — cost of property repairs and maintenance has grown at a 11.8% compound annual growth rate (CAGR), from $9.95M to $13.9M.
What does business segments — cost of property repairs and maintenance mean?
Costs incurred for the ongoing upkeep, minor repairs, and preventative maintenance of storage facilities. This ensures the physical assets remain in good condition to support rental rates and customer satisfaction.

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