What is CubeSmart's gain loss on involuntary conversion?

CubeSmart (CUBE) reported gain loss on involuntary conversion of $1.21M in Q4 2023.

What does gain loss on involuntary conversion mean?

This metric accounts for gains or losses resulting from the involuntary conversion of assets, such as insurance recoveries for property damage or destruction. It is an adjustment to net income to remove the impact of these non-recurring, often unpredictable events. It ensures that the operating cash flow reflects ongoing business activities.

CubeSmart CUBE Gain Loss On Involuntary Conversion

Gain Loss On Involuntary Conversion at other companies

Agree RealtyADC

$528K—

Agree RealtyADC

$528K—

Applied DigitalAPLD

$0—

Rivian Automotive, Inc.RIVN

$0+100%

Rockwell AutomationROK

$0+100%

Globe LifeGL

-$6.95M-14.9%

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$9.2B-14.5%

Enterprise value$9.26B-14.4%

P/E28.3×+0.4×

P/S8.1×-1.9×

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 / equity0×0.0×

Where this comes from

Reported directly by CubeSmart in its filing.

Tagged under the XBRL concept cube:GainLossOnInvoluntaryConversion.

The official record: CubeSmart’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CubeSmart's gain loss on involuntary conversion?: CubeSmart (CUBE) reported gain loss on involuntary conversion of $1.21M in Q4 2023.
What does gain loss on involuntary conversion mean?: This metric accounts for gains or losses resulting from the involuntary conversion of assets, such as insurance recoveries for property damage or destruction. It is an adjustment to net income to remove the impact of these non-recurring, often unpredictable events. It ensures that the operating cash flow reflects ongoing business activities.