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CubeSmart CUBE Business Segments — Real Estate Tax 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:RealEstateTaxExpense.

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 — real estate tax expense?
CubeSmart (CUBE) reported business segments — real estate tax expense of $32.03M in Q1 2026.
How has CubeSmart's business segments — real estate tax expense changed year-over-year?
CubeSmart's business segments — real estate tax expense increased by 6.1% year-over-year, from $30.18M to $32.03M.
What is the long-term trend for CubeSmart's business segments — real estate tax expense?
Over 3 years (2022 to 2025), CubeSmart's business segments — real estate tax expense has grown at a 6.1% compound annual growth rate (CAGR), from $98.19M to $117.31M.
What does business segments — real estate tax expense mean?
The total property-level taxes paid to local and state governments for the self-storage facilities. This is a significant fixed operating cost that fluctuates based on property assessments and local tax rate changes.

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