CubeSmart (CUBE) Operating Income (2010 - 2026)
CubeSmart (CUBE) posted Operating Income of $21.4 million for Q2 2026, down 7.77% on a QoQ basis from $23.2 million in Q1 2026, and down 6.55% year-over-year from $22.9 million in Q2 2025.
Analysis
CubeSmart (CUBE) Operating Income (2010 - 2026) Analysis & Trends
CubeSmart has reported Operating Income for 17 years, with the latest figure at $21.4 million in Q2 2026.
- On a quarterly basis, Operating Income fell 6.55% year-over-year to $21.4 million in Q2 2026; TTM through Jun 2026 was $87.2 million, a 39.78% decrease from a year earlier, with the FY2025 full-year figure at $97.5 million, down 41.04% from the prior year.
- Operating Income was $21.4 million for Q2 2026 at CubeSmart, down from $23.2 million in the prior quarter.
- The five-year high for Operating Income was $58.0 million in Q4 2023, with the low at $349000.0 in Q1 2022.
- Average Operating Income over 5 years is $31.5 million, with a median of $32.8 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Operating Income tumbled 78.96% in 2022, then surged 14017.77% in 2023.
- Over 5 years, Operating Income stood at $33.6 million in 2022, then soared by 72.71% to $58.0 million in 2023, then dropped by 16.67% to $48.3 million in 2024, then plunged by 53.46% to $22.5 million in 2025, then declined by 5.04% to $21.4 million in 2026.
- The last three Operating Income figures came in at $21.4 million (Q2 2026), $23.2 million (Q1 2026), and $22.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Public Storage | 51.71 Bn | 51.45 Bn | 1.20 Bn | 466.68 Mn |
| 2 | Extra Space Storage | 28.65 Bn | 28.65 Bn | 642.43 Mn | 392.18 Mn |
| 3 | CubeSmart | 8.83 Bn | 8.83 Bn | 190.47 Mn | 21.37 Mn |
| 4 | SmartStop Self Storage REIT | 1.76 Bn | 1.72 Bn | 47.65 Mn | 17.88 Mn |
| 5 | Global Self Storage | 58.24 Mn | 58.24 Mn | - | 693,788.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.37 Mn |
| Mar 31, 2026 | 23.17 Mn |
| Dec 31, 2025 | 22.50 Mn |
| Sep 30, 2025 | 20.19 Mn |
| Jun 30, 2025 | 22.86 Mn |
| Mar 31, 2025 | 31.94 Mn |
| Dec 31, 2024 | 48.34 Mn |
| Sep 30, 2024 | 41.68 Mn |
| Jun 30, 2024 | 34.36 Mn |
| Mar 31, 2024 | 40.99 Mn |
| Dec 31, 2023 | 58.01 Mn |
| Sep 30, 2023 | 48.74 Mn |
| Jun 30, 2023 | 46.48 Mn |
| Mar 31, 2023 | 49.27 Mn |
| Dec 31, 2022 | 33.59 Mn |
| Sep 30, 2022 | 14.99 Mn |
| Jun 30, 2022 | 8.95 Mn |
| Mar 31, 2022 | 349,000.00 |
| Dec 31, 2021 | 14.33 Mn |
| Sep 30, 2021 | 16.47 Mn |