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CubeSmart CUBE Business Segments — Real Estate Insurance

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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:RealEstateInsurance.

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
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
Depreciation and amortization61,43859,156
General and administrative17,18916,068

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is CubeSmart's business segments — real estate insurance?
CubeSmart (CUBE) reported business segments — real estate insurance of $3.45M in Q1 2026.
How has CubeSmart's business segments — real estate insurance changed year-over-year?
CubeSmart's business segments — real estate insurance decreased by 17.3% year-over-year, from $4.17M to $3.45M.
What is the long-term trend for CubeSmart's business segments — real estate insurance?
Over 3 years (2022 to 2025), CubeSmart's business segments — real estate insurance has grown at a 13.9% compound annual growth rate (CAGR), from $10.05M to $14.85M.
What does business segments — real estate insurance mean?
Premiums paid for property and liability insurance coverage for the self-storage portfolio. This protects the company against physical damage, natural disasters, and legal liabilities.

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