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CubeSmart CUBE Business Segments — Interest Expense Debt Excluding Amortization

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EXRSelf-Storage Operations — Office expense
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EXRSelf-Storage Operations — Operating Expenses
$238.3M+6.6%
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UHALSelf Storage Revenues
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EXRSelf-Storage Operations — Property operating expense
$41.11M+10.0%
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PSASelf Storage Operations — Revenue
$1.14B+1.9%

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

See full
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:InterestExpenseDebtExcludingAmortization.

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 — interest expense debt excluding amortization?
CubeSmart (CUBE) reported business segments — interest expense debt excluding amortization of $29.83M in Q1 2026.
How has CubeSmart's business segments — interest expense debt excluding amortization changed year-over-year?
CubeSmart's business segments — interest expense debt excluding amortization increased by 14.3% year-over-year, from $26.1M to $29.83M.
What is the long-term trend for CubeSmart's business segments — interest expense debt excluding amortization?
Over 3 years (2022 to 2025), CubeSmart's business segments — interest expense debt excluding amortization has grown at a 6.9% compound annual growth rate (CAGR), from $93.28M to $114.1M.
What does business segments — interest expense debt excluding amortization mean?
The cash interest costs incurred on debt obligations specifically allocated or attributed to the self-storage segment's capital structure. It excludes non-cash amortization of financing costs to provide a clearer view of the actual cash burden of debt servicing.

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