CubeSmart (CUBE) Gross Margin (2010 - 2026)
CubeSmart (CUBE) recorded quarterly Gross Margin of 68.05% in Q1 2026, down 0.88% quarter-over-quarter from 68.66% in Q4 2025, and down 157.0% on a YoY basis from 119.39% in Q1 2025.
CubeSmart (CUBE) Gross Margin (2010 - 2026) Analysis & Trends
CubeSmart's Gross Margin history runs 17 years deep, the most recent figure standing at 68.05% for Q1 2026.
- In Q1 2026, Gross Margin fell 157.0% year-over-year to 68.05%; the TTM figure through Mar 2026 stood at 68.33% (down 165.0% YoY), while the FY2025 annual figure was 68.71%, down 149.0% from the prior year.
- Gross Margin was 68.05% for Q1 2026 at CubeSmart, down from 68.66% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 73.11% in Q4 2023 to a low of 68.05% in Q1 2026.
- Historically, Gross Margin has averaged 70.31% across 5 years, with a median of 70.45% in 2022.
- The sharpest annual moves came in 2022 and 2025: Gross Margin jumped 284 bps in 2022, then tumbled 305 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 72.22% in 2022, then gained by 1 bps to 73.11% in 2023, then dropped by 2 bps to 71.71% in 2024, then slipped by 4 bps to 68.66% in 2025, then retreated by 1 bps to 68.05% in 2026.
- The last three Gross Margin figures came in at 68.05% (Q1 2026), 68.66% (Q4 2025), and 68.13% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 137.79 Bn | 141.12 Bn | 2.24 Bn | 99.29% |
| 2 | Public Storage | 57.19 Bn | 57.15 Bn | 1.18 Bn | 97.19% |
| 3 | Extra Space Storage | 31.69 Bn | 32.52 Bn | -204.61 Mn | -607.24% |
| 4 | Eastgroup Properties | 10.93 Bn | 10.93 Bn | 190.03 Mn | 99.88% |
| 5 | Lineage | 10.07 Bn | 10.97 Bn | 417.00 Mn | 32.15% |
| 6 | CubeSmart | 9.54 Bn | 9.57 Bn | 191.86 Mn | 68.05% |
| 7 | Rexford Industrial Realty | 7.99 Bn | 8.37 Bn | - | - |
| 8 | STAG Industrial | 7.40 Bn | 7.47 Bn | - | - |
| 9 | Terreno Realty | 7.04 Bn | 7.04 Bn | - | - |
| 10 | Americold Realty Trust | 4.14 Bn | 4.14 Bn | 195.51 Mn | 31.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 68.05% |
| Dec 31, 2025 | 68.66% |
| Sep 30, 2025 | 68.13% |
| Jun 30, 2025 | 68.46% |
| Mar 31, 2025 | 69.63% |
| Dec 31, 2024 | 71.71% |
| Sep 30, 2024 | 69.78% |
| Jun 30, 2024 | 68.79% |
| Mar 31, 2024 | 70.53% |
| Dec 31, 2023 | 73.11% |
| Sep 30, 2023 | 71.05% |
| Jun 30, 2023 | 71.31% |
| Mar 31, 2023 | 72.27% |
| Dec 31, 2022 | 72.22% |
| Sep 30, 2022 | 70.65% |
| Jun 30, 2022 | 70.45% |
| Mar 31, 2022 | 70.42% |
| Dec 31, 2021 | 71.58% |
| Sep 30, 2021 | 69.86% |
| Jun 30, 2021 | 68.00% |