CubeSmart (CUBE) Revenue & Revenue Breakdown
CubeSmart Revenue Highlights
Latest Revenue (Y)
$1.05B
Latest Revenue (Q)
$266.21M
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 |
|---|---|---|
| 2024-06-30 | $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 $266.21M in revenue during Q2 2024, up 1.84% compared to the previous quarter, and up 103.77% 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 | - | - |
| Management Service | - | - | - | $27.45M | $23.95M |
| Real Estate Other | - | - | - | $70.72M | $67.56M |
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 | 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 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Property Management Fee Income | $10.46M | $9.90M | $18.85M | $9.13M | $8.56M | $8.63M | $8.95M | $8.67M | $7.91M | $8.21M | - | - | - | - | - | - | - | - | - | - |
| Other Property Related Income | $28.96M | $26.32M | $51.65M | $25.76M | $24.38M | $24.41M | $25.62M | $23.86M | $22.28M | $21.19M | - | - | - | - | - | - | - | - | - | - |
| Management Service | - | - | - | - | - | - | - | - | - | - | $8.26M | $7.67M | $7.06M | $7.37M | $7.09M | $6.79M | $6.19M | $6.02M | $6.29M | $6.07M |
| Real Estate Other | - | - | - | - | - | - | - | - | - | - | $21.89M | $21.22M | $19.30M | $18.38M | $18.92M | $16.52M | $16.90M | $16.91M | $18.05M | $16.92M |
CubeSmart's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Other Property Related Income (73.46%), and Property Management Fee Income (26.54%).
CubeSmart Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|
| Property Management Fee Income | $34.17M | $31.21M | - | - |
| Other Property Related Income | $96.17M | $83.61M | - | - |
| Management Service | - | - | $27.45M | $23.95M |
| Real Estate Other | - | - | $70.72M | $67.56M |
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 | $2.01B |
| PSA | Public Storage | $4.52B | $1.17B |
| EXR | Extra Space Storage | $2.56B | $810.66M |
| CUBE | CubeSmart | $1.05B | $266.21M |
| LSI | Life Storage | $1.02B | $267.71M |
| NSA | National Storage Affiliates Trust | $858.06M | $190.45M |
| REXR | Rexford Industrial Realty | $797.83M | $214.10M |
| STAG | STAG Industrial | $707.84M | $189.78M |
| FR | First Industrial Realty Trust | $614.03M | $164.14M |
| EGP | EastGroup Properties | $570.59M | $159.09M |
| LXP | LXP Industrial Trust | $340.50M | $85.79M |
| PLYM | Plymouth Industrial REIT | $199.85M | $48.69M |
| SELF | Global Self Storage | $12.19M | $3.11M |
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 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). The company'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). CUBE's quarterly revenue for Q4 2023 was $265.12M, a -1.03% decrease from the previous quarter (Q3 2023), and a 1.59% increase year-over-year (Q4 2022).
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.