CubeSmart (CUBE) Revenue & Revenue Breakdown

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CubeSmart Revenue Highlights

Latest Revenue (Y)

$1.05B

Latest Revenue (Q)

$270.89M

Main Segment (Y)

Other Property Related Income

Main Geography (Y)

Other Property Related Income

CubeSmart Revenue by Period

CubeSmart Revenue by Year

Date	Revenue	Change
2023-12-31	$1.05B	4.03%
2022-12-31	$1.01B	22.74%
2021-12-31	$822.56M	21.11%
2020-12-31	$679.18M	5.48%
2019-12-31	$643.91M	7.69%
2018-12-31	$597.94M	6.98%
2017-12-31	$558.94M	9.59%
2016-12-31	$510.04M	14.74%
2015-12-31	$444.52M	17.92%
2014-12-31	$376.96M	18.39%
2013-12-31	$318.39M	12.48%
2012-12-31	$283.08M	19.14%
2011-12-31	$237.60M	9.58%
2010-12-31	$216.83M	-0.21%
2009-12-31	$217.29M	-8.08%
2008-12-31	$236.40M	3.16%
2007-12-31	$229.17M	7.53%
2006-12-31	$213.11M	43.88%
2005-12-31	$148.12M	61.69%
2004-12-31	$91.61M	13.34%
2003-12-31	$80.83M	5.54%
2002-12-31	$76.58M	22.98%
2001-12-31	$62.28M	17.30%
2000-12-31	$53.09M	-

CubeSmart generated $1.05B in revenue during NA 2023, up 4.03% compared to the previous quarter, and up 175.66% compared to the same period a year ago.

CubeSmart Revenue by Quarter

Date	Revenue	Change
2024-09-30	$270.89M	1.76%
2024-06-30	$266.21M	1.84%
2024-03-31	$261.41M	-1.40%
2023-12-31	$265.13M	-1.03%
2023-09-30	$267.88M	2.71%
2023-06-30	$260.81M	1.67%
2023-03-31	$256.53M	-1.71%
2022-12-31	$260.99M	-0.16%
2022-09-30	$261.41M	5.12%
2022-06-30	$248.66M	4.23%
2022-03-31	$238.56M	7.50%
2021-12-31	$221.91M	4.40%
2021-09-30	$212.56M	6.68%
2021-06-30	$199.25M	5.51%
2021-03-31	$188.84M	5.62%
2020-12-31	$178.79M	3.64%
2020-09-30	$172.51M	5.32%
2020-06-30	$163.80M	-0.17%
2020-03-31	$164.08M	-0.86%
2019-12-31	$165.51M	-0.63%
2019-09-30	$166.55M	4.74%
2019-06-30	$159.02M	4.04%
2019-03-31	$152.84M	-0.67%
2018-12-31	$153.88M	0.33%
2018-09-30	$153.37M	3.76%
2018-06-30	$147.81M	3.46%
2018-03-31	$142.88M	-0.42%
2017-12-31	$143.48M	-0.27%
2017-09-30	$143.87M	3.83%
2017-06-30	$138.56M	4.15%
2017-03-31	$133.04M	0.37%
2016-12-31	$132.55M	0.34%
2016-09-30	$132.10M	4.40%
2016-06-30	$126.53M	6.44%
2016-03-31	$118.87M	3.37%
2015-12-31	$114.99M	-0.84%
2015-09-30	$115.97M	5.55%
2015-06-30	$109.87M	5.96%
2015-03-31	$103.69M	3.41%
2014-12-31	$100.27M	3.27%
2014-09-30	$97.09M	5.15%
2014-06-30	$92.34M	5.81%
2014-03-31	$87.27M	6.48%
2013-12-31	$81.96M	-1.06%
2013-09-30	$82.83M	0.64%
2013-06-30	$82.30M	4.90%
2013-03-31	$78.46M	4.59%
2012-12-31	$75.01M	1.18%
2012-09-30	$74.13M	6.94%
2012-06-30	$69.32M	3.16%
2012-03-31	$67.20M	5.58%
2011-12-31	$63.65M	5.30%
2011-09-30	$60.45M	1.75%
2011-06-30	$59.40M	3.24%
2011-03-31	$57.54M	10.35%
2010-12-31	$52.15M	-8.54%
2010-09-30	$57.01M	4.12%
2010-06-30	$54.76M	3.08%
2010-03-31	$53.12M	0.36%
2009-12-31	$52.93M	-3.51%
2009-09-30	$54.86M	-3.78%
2009-06-30	$57.01M	-1.15%
2009-03-31	$57.68M	-1.33%
2008-12-31	$58.45M	-3.73%
2008-09-30	$60.72M	0.52%
2008-06-30	$60.41M	-

CubeSmart generated $270.89M in revenue during Q3 2024, up 1.76% compared to the previous quarter, and up 103.87% compared to the same period a year ago.

CubeSmart Revenue Breakdown

CubeSmart Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Property Management Fee Income	$36.54M	$34.17M	$31.21M	-	-
Other Property Related Income	$101.79M	$96.17M	$83.61M	-	-
Real Estate Other	-	-	-	$70.72M	$67.56M
Management Service	-	-	-	$27.45M	$23.95M

CubeSmart's latest annual revenue breakdown by segment (product or service), as of Dec 23: Other Property Related Income (73.58%), and Property Management Fee Income (26.42%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Other Property Related Income	$29.27M	$28.96M	$26.32M	$51.65M	$25.76M	$24.38M	$24.41M	$25.62M	$23.86M	$22.28M	$21.19M	-	-	-	-	-	-	-	-	-
Property Management Fee Income	$10.67M	$10.46M	$9.90M	$18.85M	$9.13M	$8.56M	$8.63M	$8.95M	$8.67M	$7.91M	$8.21M	-	-	-	-	-	-	-	-	-
Real Estate Other	-	-	-	-	-	-	-	-	-	-	-	$21.89M	$21.22M	$19.30M	$18.38M	$18.92M	$16.52M	$16.90M	$16.91M	$18.05M
Management Service	-	-	-	-	-	-	-	-	-	-	-	$8.26M	$7.67M	$7.06M	$7.37M	$7.09M	$6.79M	$6.19M	$6.02M	$6.29M

CubeSmart's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Other Property Related Income (73.29%), and Property Management Fee Income (26.71%).

CubeSmart Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 22	Dec 21	Dec 20	Dec 19
Other Property Related Income	$96.17M	$83.61M	-	-
Property Management Fee Income	$34.17M	$31.21M	-	-
Real Estate Other	-	-	$70.72M	$67.56M
Management Service	-	-	$27.45M	$23.95M

CubeSmart's latest annual revenue breakdown by geography, as of Dec 22: Other Property Related Income (73.78%), and Property Management Fee Income (26.22%).

CubeSmart Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
PLD	Prologis	$8.02B	$2.12B
PSA	Public Storage	$4.52B	$1.19B
EXR	Extra Space Storage	$2.56B	$824.80M
CUBE	CubeSmart	$1.05B	$270.89M
NSA	National Storage Affiliates Trust	$858.06M	$193.62M
REXR	Rexford Industrial Realty	$797.83M	$214.10M
STAG	STAG Industrial	$707.84M	$190.74M
FR	First Industrial Realty Trust	$614.03M	$167.65M
EGP	EastGroup Properties	$570.59M	$15.00K
LXP	LXP Industrial Trust	$340.50M	$85.79M
PLYM	Plymouth Industrial REIT	$199.85M	$48.69M
SELF	Global Self Storage	$12.19M	$3.20M

CUBE Revenue FAQ

What is CubeSmart’s yearly revenue?

CubeSmart's yearly revenue for 2023 was $1.05B, representing an increase of 4.03% compared to 2022. The company's yearly revenue for 2022 was $1.01B, representing an increase of 22.74% compared to 2021. CUBE's yearly revenue for 2021 was $822.56M, representing an increase of 21.11% compared to 2020.

What is CubeSmart’s quarterly revenue?

CubeSmart's quarterly revenue for Q3 2024 was $270.89M, a 1.76% increase from the previous quarter (Q2 2024), and a 1.13% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $266.21M, a 1.84% increase from the previous quarter (Q1 2024), and a 2.07% increase year-over-year (Q2 2023). CUBE's quarterly revenue for Q1 2024 was $261.41M, a -1.40% decrease from the previous quarter (Q4 2023), and a 1.90% increase year-over-year (Q1 2023).

What is CubeSmart’s revenue growth rate?

CubeSmart's revenue growth rate for the last 3 years (2021-2023) was 27.69%, and for the last 5 years (2019-2023) was 63.12%.

What are CubeSmart’s revenue streams?

CubeSmart's revenue streams in c 23 are Property Management Fee Income, and Other Property Related Income. Property Management Fee Income generated $36.54M in revenue, accounting 26.42% of the company's total revenue, up 6.94% year-over-year. Other Property Related Income generated $101.79M in revenue, accounting 73.58% of the company's total revenue, up 5.85% year-over-year.

What is CubeSmart’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of CubeSmart was Other Property Related Income. This segment made a revenue of $101.79M, representing 73.58% of the company's total revenue.