CubeSmart (CUBE) Gross Margin (2010 - 2026)
CubeSmart's (CUBE) quarterly Gross Margin came in at 68.05% in Q1 2026, down 157.0% year-on-year from 119.39% in Q1 2025, and down 0.88% quarter-over-quarter from 68.66% in Q4 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.
- On a quarterly basis, Gross Margin fell 157.0% year-over-year to 68.05% in Q1 2026; TTM through Mar 2026 was 68.33%, a 165.0% decrease from a year earlier, with the FY2025 full-year figure at 68.71%, down 149.0% from the prior year.
- Gross Margin retreated to 68.05% in Q1 2026 per CUBE's latest filing, from 68.66% in the prior quarter.
- Across five years, Gross Margin topped out at 73.11% in Q4 2023 and bottomed at 68.05% in Q1 2026.
- The 5-year median for Gross Margin is 70.45% (2022), against an average of 70.31%.
- Across the five-year window, Gross Margin soared 284 bps in 2022 and tumbled 305 bps in 2025, its largest moves.
- Year by year, Gross Margin 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.
- Per Business Quant, the three latest CUBE Gross Margin figures stand at 68.05% (Q1 2026), 68.66% (Q4 2025), and 68.13% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 134.75 Bn | 139.31 Bn | 2.24 Bn | 99.29% |
| 2 | Public Storage | 55.31 Bn | 55.27 Bn | 1.18 Bn | 97.19% |
| 3 | Extra Space Storage | 30.66 Bn | 31.49 Bn | 617.72 Mn | 72.16% |
| 4 | Eastgroup Properties | 11.49 Bn | 11.49 Bn | 193.10 Mn | 99.88% |
| 5 | CubeSmart | 9.34 Bn | 9.36 Bn | 191.86 Mn | 68.05% |
| 6 | Lineage | 9.30 Bn | 9.23 Bn | 417.00 Mn | 32.15% |
| 7 | Rexford Industrial Realty | 8.22 Bn | 8.54 Bn | - | - |
| 8 | STAG Industrial | 7.73 Bn | 7.81 Bn | - | - |
| 9 | Terreno Realty | 7.56 Bn | 7.56 Bn | - | - |
| 10 | Americold Realty Trust | 4.04 Bn | 4.04 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% |