How do you interpret WA — real estate related accumulated depreciation?

Increasing accumulated depreciation is expected over time; a sudden change may indicate asset write-downs or significant portfolio turnover.

How does WA — real estate related accumulated depreciation compare across companies?

Standard accounting metric for all depreciable real estate assets.

CubeSmart CUBE WA — Real Estate Related Accumulated Depreciation

Discontinued — last reported Q4 '22

Similar metrics at other companies

WELLWashington — SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation

$374.32M—

EXRWA — Accumulated Depreciation

$29.88M+24.2%

REGWA — Real Estate Accumulated Depreciation

$38.52M+8.7%

LINEWashington — SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation

$215M+18.8%

OHIWA — Real Estate Accumulated Depreciation

$56.76M+13.3%

UDRSeattle Wa — Real Estate Accumulated Depreciation

$565.32M+9.0%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$148.8M+1.7%

Valuation

See full

Market cap$9.2B-14.5%

Enterprise value$9.26B-14.4%

P/E28.3×+0.4×

P/S8.1×-1.9×

Profitability

See full

Gross margin68.3%-1.6pp

Operating margin37.8%—

Net margin28.7%-7.1pp

Returns & leverage

See full

Return on equity11.8%-1.9pp

Debt / equity0×0.0×

Where this comes from

Reported directly by CubeSmart in its filing.

Tagged under the XBRL concept cube:RealEstateRelatedAccumulatedDepreciation.

The official record: CubeSmart’s 10-K, filed February 24, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is CubeSmart's WA — real estate related accumulated depreciation?: CubeSmart (CUBE) reported WA — real estate related accumulated depreciation of $18.08M in Q4 2022.
What does WA — real estate related accumulated depreciation mean?: The total depreciation taken on buildings and improvements in the Washington region.
How do you interpret WA — real estate related accumulated depreciation?: Increasing accumulated depreciation is expected over time; a sudden change may indicate asset write-downs or significant portfolio turnover.
How does WA — real estate related accumulated depreciation compare across companies?: Standard accounting metric for all depreciable real estate assets.