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CubeSmart CUBE Business Segments — Labor And Related Expense

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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:LaborAndRelatedExpense.

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 revenues$281,929$273,036
Significant segment-level expenses (income):
Property taxes32,03430,179
Personnel expense22,22421,380
Advertising5,5524,421
Repair and maintenance3,0822,864
Utilities7,1846,669
Property insurance3,4494,173

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is CubeSmart's business segments — labor and related expense?
CubeSmart (CUBE) reported business segments — labor and related expense of $22.22M in Q1 2026.
How has CubeSmart's business segments — labor and related expense changed year-over-year?
CubeSmart's business segments — labor and related expense increased by 3.9% year-over-year, from $21.38M to $22.22M.
What is the long-term trend for CubeSmart's business segments — labor and related expense?
Over 3 years (2022 to 2025), CubeSmart's business segments — labor and related expense has grown at a 4.5% compound annual growth rate (CAGR), from $83.25M to $94.99M.
What does business segments — labor and related expense mean?
Costs associated with site-level personnel, including salaries, benefits, and payroll taxes for staff managing the storage facilities. This reflects the human capital investment required to maintain daily operations and customer service.

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