CubeSmart (CUBE)

CUBE Cash Flow Statement

Operating, investing, and financing cash flow analysis

CUBE Quarterly Cash Flow Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Cash from Operations (CFO)	611.027M	148.836M	136.491M	168.221M	157.479M	146.321M	164.666M	145.396M	170.862M
Net Income	327.472M	82.887M	78.695M	82.930M	82.960M	89.197M	101.892M	100.797M	93.964M
Depreciation & Amortization	262.912M	61.438M	65.819M	67.946M	67.709M	60.377M	52.741M	51.210M	51.035M
Stock-Based Compensation	11.620M	3.284M	2.943M	2.889M	2.504M	3.208M	2.897M	2.903M	2.858M
Change in Accounts Receivable	28.662M	8.930M	0.00	9.825M	9.907M	9.096M	0.00	9.859M	9.213M
Change in Inventory	—	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—	—
Change in Working Capital	3.514M	-278K	-15.102M	14.497M	4.397M	-6.646M	5.714M	-11.350M	21.221M
Cash from Investing	—	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	0.00	0.00	-14.776M	14.776M	0.00	0.00	0.00	0.00	0.00
Acquisitions	-1.754M	-2.057M	-451.141M	303K	451.141M	-451.141M	-58.161M	-6K	-5K
Cash from Financing	—	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-69.938M	-34.083M	-35.622M	-111K	-122K	-167K	-16K	-29K	-39K
Dividends Paid	-478.329M	-121.068M	-119.102M	-119.103M	-119.056M	-119.048M	-115.868M	-115.380M	-115.268M
Free Cash Flow (FCF)	611.027M	148.836M	121.715M	182.997M	157.479M	146.321M	164.666M	145.396M	170.862M
Net Change in Cash	-6.284M	-763K	-104.524M	100.425M	-1.422M	-61.909M	32.308M	38.085M	-343K

CUBE Annual Cash Flow Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Cash from Operations (CFO)	611.674M	631.074M	611.136M	591.466M	449.185M	351.033M	331.768M	304.335M
Net Income	333.782M	391.180M	410.757M	291.263M	223.482M	165.621M	169.117M	163.889M
Depreciation & Amortization	258.151M	205.703M	205.379M	310.610M	232.049M	156.573M	163.547M	380.141M
Stock-Based Compensation	0.00	11.487M	10.089M	9.081M	8.088M	7.200M	6.694M	5.572M
Change in Accounts Receivable	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Inventory	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—
Change in Working Capital	-2.854M	16.111M	-10.392M	25.425M	9.547M	6.162M	1.285M	-1.942M
Cash from Investing	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-44.786M	0.00	0.00	0.00	0.00	0.00	-102.826M	-86.002M
Acquisitions	-450.838M	-58.477M	-21K	-21K	-1.707B	-7.022M	-128.223M	-19.216M
Cash from Financing	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-36.022M	0.00	-276K	0.00	0.00	-686K	0.00	0.00
Dividends Paid	-476.309M	-461.769M	-442.217M	-387.106M	-282.136M	-256.253M	-243.859M	-221.328M
Free Cash Flow (FCF)	566.888M	631.074M	611.136M	591.466M	449.185M	351.033M	331.768M	304.335M
Net Change in Cash	-67.430M	69.446M	-708K	-4.393M	7.089M	-52.212M	51.959M	-2.676M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About CubeSmart

CubeSmart functions as an independent real estate investment trust (REIT), overseeing both its administration and management. The company's self-storage facilities deliver secure, convenient, and budget-friendly storage options for both private individuals and commercial entities. According to data from the 2020 Self-Storage Almanac, CubeSmart ranks among the top three owners and operators of self-storage properties nationwide.

Malvern, PA

3,104 employees

www.cubesmart.com

Real Estate / REIT - Industrial

Sector: Real Estate
Industry: REIT - Industrial
CEO: Christopher Marr

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