CubeSmart (CUBE) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments74536333
Cash and cash equivalents74536333
Prepaid expense 66544 
Prepaid expense and other current assets3
Total current assets:7101186776
Noncurrent Assets
Operating lease, right-of-use asset42
Long-term investments and receivables89591999796156
Long-term investments89591999796156
Intangible assets, net (including goodwill) 82813229
Intangible assets, net (excluding goodwill) 82813229
Total noncurrent assets:1311393107110118166
Other undisclosed assets3,8133,7303,4413,3602,9382,6612,186
TOTAL ASSETS:3,9503,7533,5453,4753,1152,7862,359
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,0641,9811,8561,7591,4041,2871,229
Total liabilities:2,0641,9811,8561,7591,4041,2871,229
Temporary equity, carrying amount65565454665036
Stockholders' equity
Stockholders' equity attributable to parent1,8141,7101,6291,6551,6431,4481,092
Preferred stock    000
Common stock2222221
Additional paid in capital2,6732,5012,3572,3142,2311,9741,543
Accumulated other comprehensive income (loss)(1)(1)0(2)(5)(9)(11)
Accumulated deficit(861)(792)(729)(659)(585)(519)(441)
Stockholders' equity attributable to noncontrolling interest8766221
Total stockholders' equity:1,8221,7161,6351,6611,6451,4501,093
TOTAL LIABILITIES AND EQUITY:3,9503,7533,5453,4753,1152,7862,359

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues632598559510445708600
Revenue, net154598559510445708600
Operating lease, lease income142
Operating leases, income statement, lease revenue132 
Cost of revenue(205)(197)(182)(166)(153)(133)(118)
Gross profit:427401377344291575481
Operating expenses(50)(48)(36)(39)(32)(44)(42)
Other undisclosed operating income (loss)105 (146)(162)(152)(450)(381)
Operating income:4833531961431088258
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1011(0)(0)0
Interest and debt expense(55)(64)(60)(53)(46)(47)(41)
Income from continuing operations before equity method investments, income taxes:42928913791623417
Income (loss) from equity method investments11(1)(1)(3)(0)(6)(1)
Income from continuing operations before income taxes:44028813688612816
Other undisclosed income (loss) from continuing operations(122)(122)  18(2)(6)
Income from continuing operations:31816513688792610
Income from discontinued operations     032
Income before gain (loss) on sale of properties:31816513688792742
Other undisclosed net loss(141)      
Net income:17716513688792742
Net loss attributable to noncontrolling interest(2)(2)(1)(0)(1)(0)(1)
Other undisclosed net loss attributable to parent     (0) 
Net income attributable to parent:17516413488782641
Preferred stock dividends and other adjustments   (8)(6)(6)(6)
Net income available to common stockholders, diluted:17516413480722035

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:17716513688792742
Other comprehensive income (loss)0(1)23429
Other undisclosed comprehensive income (loss)(1)   0  
Comprehensive income:17616413792832951
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     0(0)
Other undisclosed comprehensive loss, net of tax, attributable to parent(2)(2)(1)(1)(1)(0)(1)
Comprehensive income, net of tax, attributable to parent:17416313691812950

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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