CubeSmart (CUBE) financial statements (2021 and earlier)

Company profile

Business Address 5 OLD LANCASTER ROAD
MALVERN, PA 19355
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments455453633
Cash and cash equivalents455453633
Prepaid expense9766544
Total current assets:136210118677
Noncurrent Assets
Finance lease, right-of-use asset42 
Operating lease, right-of-use asset5542
Long-term investments and receivables55591999796
Long-term investments55591999796
Intangible assets, net (including goodwill)58108281322
Intangible assets, net (excluding goodwill)58108281322
Total noncurrent assets:160571393107110118
Other undisclosed assets4,6063,9113,7303,4413,3602,9382,661
TOTAL ASSETS:4,7784,0303,7533,5453,4753,1152,786
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,6882,1601,9811,8561,7591,4041,287
Total liabilities:2,6882,1601,9811,8561,7591,4041,287
Temporary equity, carrying amount249625654546650
Stockholders' equity
Stockholders' equity attributable to parent1,8321,7991,7101,6291,6551,6431,448
Preferred stock     00
Common stock2222222
Additional paid in capital2,8062,6752,5012,3572,3142,2311,974
Accumulated other comprehensive income (loss)(1)(1)(1)0(2)(5)(9)
Accumulated deficit(975)(877)(792)(729)(659)(585)(519)
Stockholders' equity attributable to noncontrolling interest9876622
Total stockholders' equity:1,8411,8071,7161,6351,6611,6451,450
TOTAL LIABILITIES AND EQUITY:4,7784,0303,7533,5453,4753,1152,786

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues679644598559510445708
Revenue, net598559510445708
Operating lease, lease income581552
Cost of revenue(224)(210)(197)(182)(166)(153)(133)
Gross profit:456434401377344291575
Operating expenses(41)(39)(48)(36)(39)(32)(44)
Other undisclosed operating loss   (146)(162)(152)(450)
Operating income:41439635319614310882
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(0)1011(0)(0)
Interest and debt expense(21)(3)(64)(60)(53)(46)(47)
Income from continuing operations before equity method investments, income taxes:393394289137916234
Income (loss) from equity method investments011(1)(1)(3)(0)(6)
Income from continuing operations before income taxes:393405288136886128
Other undisclosed income (loss) from continuing operations  (122)  18(2)
Income from continuing operations:393405165136887926
Income from discontinued operations      0
Income before gain (loss) on sale of properties:393405165136887927
Other undisclosed net loss(226)(235)     
Net income:168171165136887927
Net loss attributable to noncontrolling interest(2)(2)(2)(1)(0)(1)(0)
Other undisclosed net loss attributable to parent      (0)
Net income attributable to parent:166169164134887826
Preferred stock dividends and other adjustments    (8)(6)(6)
Net income available to common stockholders, diluted:166169164134807220

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:168171165136887927
Other comprehensive income (loss)00(1)2342
Other undisclosed comprehensive income     0 
Comprehensive income:168171164137928329
Comprehensive income, net of tax, attributable to noncontrolling interest      0
Other undisclosed comprehensive loss, net of tax, attributable to parent(2)(2)(2)(1)(1)(1)(0)
Comprehensive income, net of tax, attributable to parent:166169163136918129

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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