CubeSmart (CUBE) Operating Expenses (2010 - 2026)

CubeSmart's Operating Expenses history runs 17 years deep, the most recent figure standing at $168.7 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 6.66% year-over-year to $168.7 million; the TTM figure through Mar 2026 stood at $684.7 million (up 14.53% YoY), while the FY2025 annual figure was $674.2 million, up 15.62% from the prior year.
• Operating Expenses was $168.7 million for Q1 2026 at CubeSmart, down from $171.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $174.0 million in Q3 2025 to a low of $135.8 million in Q4 2023.
• Historically, Operating Expenses has averaged $155.2 million across 5 years, with a median of $154.9 million in 2022.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 33.1% in 2022, then decreased 18.8% in 2023.
• A 5-year view of Operating Expenses shows it stood at $154.9 million in 2022, then fell by 12.31% to $135.8 million in 2023, then gained by 5.75% to $143.6 million in 2024, then gained by 19.46% to $171.6 million in 2025, then decreased by 1.69% to $168.7 million in 2026.
• The last three Operating Expenses figures came in at $168.7 million (Q1 2026), $171.6 million (Q4 2025), and $174.0 million (Q3 2025), per Business Quant data.