# CubeSmart: overview

CUBE · NYSE · CIK 1298675 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/cube.md) · [Financials](/companies/cube/financials.md) · [Filings](/companies/cube/filings.md) · [Insiders](/companies/cube/insiders.md)

Latest reported revenue: [$281.9m](/filings/0001298675-26-000018.md) for Q1 FY2026, three months to 2026-03-31, from the 10-Q filed May 1, 2026 (XBRL us-gaap:Revenues, accession 0001298675-26-000018).

## Last eight quarters

| Line item | Unit | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [266](/filings/0001298675-25-000033.md) | [271](/filings/0001298675-25-000044.md) | [268 d](/filings/0001298675-26-000010.md) | [273](/filings/0001298675-26-000018.md) | [282](/filings/0001298675-25-000033.md) | [285](/filings/0001298675-25-000044.md) | [283 d](/filings/0001298675-26-000010.md) | [282](/filings/0001298675-26-000018.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [35.4%](/filings/0001298675-25-000033.md) | [37.3%](/filings/0001298675-25-000044.md) | [38.1% d](/filings/0001298675-26-000010.md) | [32.5%](/filings/0001298675-26-000018.md) | [29.2%](/filings/0001298675-25-000033.md) | [28.9%](/filings/0001298675-25-000044.md) | [27.5% d](/filings/0001298675-26-000010.md) | [29.4%](/filings/0001298675-26-000018.md) |
| Diluted EPS | $ per share | [0.41](/filings/0001298675-25-000033.md) | [0.44](/filings/0001298675-25-000044.md) | not reported | [0.39](/filings/0001298675-26-000018.md) | [0.36](/filings/0001298675-25-000033.md) | [0.36](/filings/0001298675-25-000044.md) | not reported | [0.36](/filings/0001298675-26-000018.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [823](/filings/0001298675-24-000011.md) | [1,010](/filings/0001298675-25-000011.md) | [1,050](/filings/0001298675-26-000010.md) | [1,066](/filings/0001298675-26-000010.md) | [1,123](/filings/0001298675-26-000010.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [28.1%](/filings/0001298675-24-000011.md) | [29.0%](/filings/0001298675-25-000011.md) | [39.3%](/filings/0001298675-26-000010.md) | [36.8%](/filings/0001298675-26-000010.md) | [29.5%](/filings/0001298675-26-000010.md) |
| Diluted EPS | $ per share | [1.09](/filings/0001298675-24-000011.md) | [1.29](/filings/0001298675-25-000011.md) | [1.82](/filings/0001298675-26-000010.md) | [1.72](/filings/0001298675-26-000010.md) | [1.46](/filings/0001298675-26-000010.md) |
| Free cash flow | $m | not reported | not reported | not reported | [589](/filings/0001298675-26-000010.md) | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/cube/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.35bn | 33,924,159 |  | Added +707,395 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $775.3m | 19,495,185 |  | Added +61,972 |
| [NORGES BANK](/funds/1374170.md) | 2026-06-30 | $486.6m | 12,236,433 |  | New +12,236,433 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $439.0m | 11,037,783 |  | Reduced −157,097 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $407.3m | 10,240,990 |  | Reduced −3,848 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $298.9m | 7,515,446 |  | Added +112,088 |
| [AQR CAPITAL MANAGEMENT LLC](/funds/1167557.md) | 2026-06-30 | $289.5m | 7,279,554 |  | Added +5,135,312 |
| [CANADA PENSION PLAN INVESTMENT BOARD](/funds/1283718.md) | 2026-06-30 | $288.5m | 7,254,520 |  | Reduced −11,200 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $189.6m | 4,767,570 |  | Added +13,215 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $149.6m | 3,762,337 |  | Added +173,979 |

## Recent filings

[All 1,229 filings](/companies/cube/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 16:36 ET | [8-K](/filings/0001298675-26-000044.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001298675-26-000044 |
| 2026-09-14 | 16:32 ET | [8-K](/filings/0001298675-26-000041.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001298675-26-000041 |
| 2026-07-31 | 16:24 ET | [10-Q](/filings/0001298675-26-000038.md) | Quarterly report, period 2026-06-30 | 0001298675-26-000038 |
| 2026-07-31 | 07:37 ET | [8-K](/filings/0001298675-26-000035.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001298675-26-000035 |
| 2026-06-24 | 16:30 ET | [8-K](/filings/0001298675-26-000033.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001298675-26-000033 |
| 2026-06-01 | 16:22 ET | [8-K](/filings/0001298675-26-000030.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001298675-26-000030 |
| 2026-05-19 | 16:32 ET | [8-K](/filings/0001298675-26-000028.md) | 5.07 Shareholder vote results | 0001298675-26-000028 |
| 2026-05-14 | 07:17 ET | [8-K](/filings/0001298675-26-000025.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001298675-26-000025 |
| 2026-05-04 | 16:35 ET | [8-K](/filings/0001298675-26-000021.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001298675-26-000021 |
| 2026-05-01 | 16:30 ET | [10-Q](/filings/0001298675-26-000018.md) | Quarterly report, period 2026-03-31 | 0001298675-26-000018 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001298675-26-000010.md), filed Feb 27, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1298675
- Tickers: CUBE
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MD
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 16:38 ET. No prices; not investment advice.