CubeSmart (CUBE) Gross Margin (2010 - 2026)
CubeSmart (CUBE) posted quarterly Gross Margin of 66.48% for Q2 2026, down 198.0% year-over-year from 67.84% in Q2 2025, and down 2.31% on a QoQ basis from 68.05% in Q1 2026.
CubeSmart (CUBE) Gross Margin (2010 - 2026) Analysis & Trends
CubeSmart has reported Gross Margin for 17 years, with the latest figure at 66.48% in Q2 2026.
- Gross Margin for Q2 2026 came in at 66.48%, down 198.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 67.83% (down 204.0% YoY), and the FY2025 annual result was 68.71%, down 149.0% from the prior year.
- Gross Margin retreated to 66.48% in Q2 2026, from 68.05% in the prior quarter.
- Over five years, Gross Margin peaked at 73.11% in Q4 2023 and troughed at 66.48% in Q2 2026.
- A 5-year average of 70.1% and a median of 70.44% in 2022 frame the typical range for Gross Margin.
- The widest annual swing landed in 2022, when Gross Margin jumped 284 bps; it then slumped 305 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 72.22% in 2022, then rose by 1 bps to 73.11% in 2023, then slipped by 2 bps to 71.71% in 2024, then decreased by 4 bps to 68.66% in 2025, then slipped by 3 bps to 66.48% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 66.48% in Q2 2026, 68.05% in Q1 2026, and 68.66% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 131.18 Bn | 131.18 Bn | 2.41 Bn | 99.17% |
| 2 | Public Storage | 56.71 Bn | 56.45 Bn | 1.20 Bn | 97.06% |
| 3 | Extra Space Storage | 31.13 Bn | 31.13 Bn | 642.43 Mn | 73.49% |
| 4 | Eastgroup Properties | 10.82 Bn | 10.82 Bn | 193.10 Mn | 99.88% |
| 5 | Lineage | 9.47 Bn | 9.41 Bn | 425.00 Mn | 31.23% |
| 6 | CubeSmart | 9.34 Bn | 9.34 Bn | 190.47 Mn | 66.48% |
| 7 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | - |
| 8 | Terreno Realty | 7.29 Bn | 7.29 Bn | - | - |
| 9 | STAG Industrial | 6.97 Bn | 6.97 Bn | - | - |
| 10 | Americold Realty Trust | 4.33 Bn | 4.29 Bn | 212.69 Mn | 32.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 66.48% |
| 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% |