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CubeSmart CUBE Deferred Revenue

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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:DeferredRevenue.

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 itemMarch 31, 2026December 31, 2025
Lease liabilities - finance leases65,53465,579
Accounts payable, accrued expenses and other liabilities224,474229,666
Distributions payable121,095121,519
Deferred revenue42,70741,591
Total liabilities3,893,4773,861,117
Noncontrolling interests in the Operating Partnership36,07236,167
Commitments and contingencies
Equity

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is CubeSmart's deferred revenue?
CubeSmart (CUBE) reported deferred revenue of $42.71M in Q1 2026.
How has CubeSmart's deferred revenue changed year-over-year?
CubeSmart's deferred revenue increased by 0.8% year-over-year, from $42.35M to $42.71M.
What is the long-term trend for CubeSmart's deferred revenue?
Over 5 years (2020 to 2025), CubeSmart's deferred revenue has grown at a 7.4% compound annual growth rate (CAGR), from $29.09M to $41.59M.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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