The financials
CubeSmart by the numbers
CubeSmart (CUBE) reported revenue of $282M in Q1 2026 (quarter ended March 31, 2026), up 3.3% from the same quarter a year earlier. That came with net income of $83M (29% of revenue). For the full year FY2025, revenue was $1.12B (+5.3% year on year) and net income $331M. Its largest product in 2026-Q2 was Real Estate Other at $34M, 77% of the disclosed total, just ahead of Management Service at 23%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $282M | $273M | +3.3% |
| Operating income | $113M | $115M | −1.4% |
| Net income | $83M | $89M | −6.8% |
| Diluted EPS | $0.36 | $0.39 | −7.7% |
| Product | Revenue | Share |
|---|---|---|
| Real Estate Other | $34M | 77% |
| Management Service | $10M | 23% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $44.3M (+5.4%)
Real Estate Other grew +5.0% year on yearManagement Service -1.2% year on year
Segment Latestquarter on quarteryear on year
- Real Estate Other$34.2M$34.2MQoQ +6.8%year on year +5.0%+6.8%+5.0%
- Management Service$10.0M$10.0MQoQ +0.98%year on year -1.2%+0.98%-1.2%