CubeSmart (CUBE) Gross Margin (2009 - 2025)
CubeSmart (CUBE) recorded annual Gross Margin of 68.71% in FY2025, down 2.12% year-over-year from 70.2% in FY2024.
CubeSmart (CUBE) Gross Margin (2009 - 2025) Analysis & Trends
CubeSmart's Gross Margin history runs 17 years deep, the most recent figure standing at 68.71% for FY2025.
- 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 68.71% for FY2025 at CubeSmart, down from 70.2% in the prior year.
- In the past five years, Gross Margin ranged from a high of 71.93% in FY2023 to a low of 68.71% in FY2025.
- Historically, Gross Margin has averaged 70.23% across 5 years, with a median of 70.2% in 2024.
- The sharpest annual moves came in 2021 and 2024: Gross Margin soared 228 bps in 2021, then plunged 174 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 69.35% in 2021, then increased by 2 bps to 70.95% in 2022, then advanced by 1 bps to 71.93% in 2023, then declined by 2 bps to 70.2% in 2024, then dropped by 2 bps to 68.71% in 2025.
- The last three Gross Margin figures came in at 68.71% (FY2025), 70.2% (FY2024), and 71.93% (FY2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Yr) |
|---|---|---|---|---|---|
| 1 | Prologis | 130.63 Bn | 133.96 Bn | 2.24 Bn | 99.48% |
| 2 | Public Storage | 55.83 Bn | 55.80 Bn | 1.18 Bn | - |
| 3 | Extra Space Storage | 30.65 Bn | 31.49 Bn | -204.61 Mn | - |
| 4 | Eastgroup Properties | 10.66 Bn | 10.66 Bn | 190.03 Mn | - |
| 5 | Lineage | 9.39 Bn | 10.29 Bn | 417.00 Mn | - |
| 6 | CubeSmart | 9.24 Bn | 9.27 Bn | 191.86 Mn | - |
| 7 | Rexford Industrial Realty | 7.56 Bn | 7.94 Bn | - | - |
| 8 | STAG Industrial | 7.23 Bn | 7.30 Bn | - | - |
| 9 | Terreno Realty | 6.74 Bn | 6.74 Bn | - | - |
| 10 | Americold Realty Trust | 4.04 Bn | 4.04 Bn | 195.51 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 68.71% |
| Dec 31, 2024 | 70.20% |
| Dec 31, 2023 | 71.93% |
| Dec 31, 2022 | 70.95% |
| Dec 31, 2021 | 69.35% |
| Dec 31, 2020 | 67.07% |
| Dec 31, 2019 | 67.43% |
| Dec 31, 2018 | 67.08% |
| Dec 31, 2017 | 67.53% |
| Dec 31, 2016 | 67.48% |
| Dec 31, 2015 | 65.54% |
| Dec 31, 2014 | 64.80% |
| Dec 31, 2013 | 62.87% |
| Dec 31, 2012 | 61.14% |
| Dec 31, 2011 | 58.50% |
| Dec 31, 2010 | 57.04% |
| Dec 31, 2009 | 56.59% |