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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments557114436
Cash and cash equivalents557114436
Prepaid expense7   6  
Total current assets:6271141036
Noncurrent Assets
Operating lease, right-of-use asset424242 
Long-term investments and receivables5898794598101
Long-term investments5898794598101
Intangible assets, net (including goodwill)10   8  
Intangible assets, net (excluding goodwill)10   8  
Total noncurrent assets:57131129941398101
Other undisclosed assets3,9113,8133,8083,7173,7303,5393,478
TOTAL ASSETS:4,0303,9503,9473,8143,7533,6403,585
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,1602,0642,1052,0451,9811,8801,827
Total liabilities:2,1602,0642,1052,0451,9811,8801,827
Temporary equity, carrying amount62656260565865
Stockholders' equity
Stockholders' equity attributable to parent1,7991,8141,7741,6971,7101,6951,687
Common stock2222222
Additional paid in capital2,6752,6732,6112,5202,5012,4732,459
Accumulated other comprehensive loss(1)(1)(1)(1)(1)  
Accumulated deficit(877)(861)(838)(823)(792)(780)(774)
Stockholders' equity attributable to noncontrolling interest88611777
Total stockholders' equity:1,8071,8221,7801,7091,7161,7021,693
TOTAL LIABILITIES AND EQUITY:4,0303,9503,9473,8143,7533,6403,585

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues166167159153154153148
Revenue, net154153148
Operating lease, lease income143142  
Operating leases, income statement, lease revenue132   
Cost of revenue(55)(53)(50)(51)(50)(49)(50)
Gross profit:11111310910110410598
Operating expenses(10)(10)(10)(9)(21)(10)(8)
Other undisclosed operating income (loss)    105(35)(35)
Operating income:10110399921886055
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
02(0)(0)(0)(0)0
Interest and debt expense(1)(1)(19)(18)(17)(16)(16)
Income from continuing operations before equity method investments, income taxes:10110480741714439
Income (loss) from equity method investments00110(0)(0)(0)
Income from continuing operations before income taxes:10110491741714339
Other undisclosed loss from continuing operations    (122)  
Income before gain (loss) on sale of properties:1011049174494339
Other undisclosed net loss(58)(62)(41)(38)   
Net income:43435036494339
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:42424935484338

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:43435036494339
Other comprehensive income (loss)0000  (0)
Other undisclosed comprehensive loss    (1)  
Comprehensive income:43435036484338
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)(0)(0)(0)(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:42424936474338

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: