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CubeSmart CUBE Business Segments — Cost Of Revenue

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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:CostOfRevenue.

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 management fee income9,93210,505
Total revenues281,929273,036
OPERATING EXPENSES
Property operating expenses90,06882,934
Depreciation and amortization61,43859,156
General and administrative17,18916,068
Total operating expenses168,695158,158
OTHER (EXPENSE) INCOME

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is CubeSmart's business segments — cost of revenue?
CubeSmart (CUBE) reported business segments — cost of revenue of $90.07M in Q1 2026.
How has CubeSmart's business segments — cost of revenue changed year-over-year?
CubeSmart's business segments — cost of revenue increased by 8.6% year-over-year, from $82.93M to $90.07M.
What is the long-term trend for CubeSmart's business segments — cost of revenue?
Over 3 years (2022 to 2025), CubeSmart's business segments — cost of revenue has grown at a 6.2% compound annual growth rate (CAGR), from $293.26M to $351.41M.
What does business segments — cost of revenue mean?
The aggregate of all direct costs associated with generating revenue within the self-storage segment, including property-level operating expenses. This metric is used to determine the gross margin of the storage operations.

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