What is CubeSmart's loans assumed?

CubeSmart (CUBE) reported loans assumed of $28.96M in Q4 2024.

What does loans assumed mean?

The amount of existing debt taken on by the company when acquiring new assets.

How do you interpret loans assumed?

An increase indicates the company is acquiring properties with existing financing, which impacts the overall debt-to-equity profile and interest expense obligations.

How does loans assumed compare across companies?

Standard in real estate investment trusts (REITs) when purchasing stabilized properties with existing mortgage debt.

CubeSmart CUBE Loans Assumed

Discontinued — last reported Q4 '24

Loans Assumed at other companies

CareTrustCTRE

$16K—

CareTrustCTRE

$0-100%

KKR Real Estate Finance TrustKREF

-$817K—

Starwood Property TrustSTWD

$331.62M—

American Homes 4 RentAMH

$6.34M—

American Healthcare REITAHR

——

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 us-gaap:LoansAssumed1.

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 loans assumed?: CubeSmart (CUBE) reported loans assumed of $28.96M in Q4 2024.
What does loans assumed mean?: The amount of existing debt taken on by the company when acquiring new assets.
How do you interpret loans assumed?: An increase indicates the company is acquiring properties with existing financing, which impacts the overall debt-to-equity profile and interest expense obligations.
How does loans assumed compare across companies?: Standard in real estate investment trusts (REITs) when purchasing stabilized properties with existing mortgage debt.