CubeSmart (CUBE) Operating Expenses (2010 - 2026)
CubeSmart (CUBE) posted quarterly Operating Expenses of $169.1 million for Q2 2026, down 0.77% year-over-year from $170.4 million in Q2 2025, and little changed on a QoQ basis from $168.7 million in Q1 2026.
CubeSmart (CUBE) Operating Expenses (2010 - 2026) Analysis & Trends
CubeSmart has reported Operating Expenses for 17 years, with the latest figure at $169.1 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $169.1 million, down 0.77% year-over-year; the trailing twelve-month figure through Jun 2026 was $683.4 million (up 10.31% YoY), and the FY2025 annual result was $674.2 million, up 15.62% from the prior year.
- Operating Expenses was little changed at $169.1 million in Q2 2026, from $168.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $174.0 million in Q3 2025 and troughed at $135.8 million in Q4 2023.
- A 5-year average of $155.9 million and a median of $156.5 million in 2022 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses surged 33.1%; it then declined 18.8% in 2023.
- A 5-year view of Operating Expenses shows it stood at $154.9 million in 2022, then declined by 12.31% to $135.8 million in 2023, then rose by 5.75% to $143.6 million in 2024, then rose by 19.46% to $171.6 million in 2025, then declined by 1.45% to $169.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $169.1 million in Q2 2026, $168.7 million in Q1 2026, and $171.6 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 131.18 Bn | 131.18 Bn | 2.41 Bn | 1.47 Bn |
| 2 | Public Storage | 56.71 Bn | 56.45 Bn | 1.20 Bn | 766.20 Mn |
| 3 | Extra Space Storage | 31.13 Bn | 31.13 Bn | 642.43 Mn | 481.97 Mn |
| 4 | Eastgroup Properties | 10.82 Bn | 10.82 Bn | 193.10 Mn | 114.53 Mn |
| 5 | Lineage | 9.47 Bn | 9.41 Bn | 425.00 Mn | 1.31 Bn |
| 6 | CubeSmart | 9.34 Bn | 9.34 Bn | 190.47 Mn | 169.10 Mn |
| 7 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | 143.39 Mn |
| 8 | Terreno Realty | 7.29 Bn | 7.29 Bn | - | 72.62 Mn |
| 9 | STAG Industrial | 6.97 Bn | 6.97 Bn | - | 141.27 Mn |
| 10 | Americold Realty Trust | 4.33 Bn | 4.29 Bn | 212.69 Mn | 950.72 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 169.10 Mn |
| Mar 31, 2026 | 168.70 Mn |
| Dec 31, 2025 | 171.60 Mn |
| Sep 30, 2025 | 174.04 Mn |
| Jun 30, 2025 | 170.41 Mn |
| Mar 31, 2025 | 158.16 Mn |
| Dec 31, 2024 | 143.64 Mn |
| Sep 30, 2024 | 147.34 Mn |
| Jun 30, 2024 | 148.75 Mn |
| Mar 31, 2024 | 143.38 Mn |
| Dec 31, 2023 | 135.83 Mn |
| Sep 30, 2023 | 141.59 Mn |
| Jun 30, 2023 | 139.50 Mn |
| Mar 31, 2023 | 136.13 Mn |
| Dec 31, 2022 | 154.91 Mn |
| Sep 30, 2022 | 169.69 Mn |
| Jun 30, 2022 | 166.24 Mn |
| Mar 31, 2022 | 167.65 Mn |
| Dec 31, 2021 | 144.53 Mn |
| Sep 30, 2021 | 132.03 Mn |