CubeSmart (CUBE) Operating Margin (2010 - 2026)
CubeSmart (CUBE) reported Operating Margin of 7.46% for Q2 2026, down 0.64 percentage points from 8.10% a year earlier and down 0.76 percentage points from the prior quarter.
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Analysis
CubeSmart (CUBE) Operating Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, CubeSmart's Operating Margin came in at 7.68%, down 5.56 percentage points year-over-year; for FY2025, it came in at 8.68%, down 6.83 percentage points from FY2024.
- Operating Margin has a five-year change of +3.69 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 15.51% in FY2024 (-3.77 pp), 19.28% in FY2023 (+13.55 pp), 5.73% in FY2022 (+1.05 pp) and 4.68% in FY2021 (-0.31 pp).
- Five-year quarterly Operating Margin spans a low of 0.15% in Q1 2022 and a high of 21.88% in Q4 2023.
- Year over year, Operating Margin has now declined in each of the last ten quarters, with an average year-over-year change of -4.74 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q1 2023 (a gain of 19.06 percentage points); the low point was Q4 2025 (a drop of 10.10 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 8.22% (Q1 2026), 7.96% (Q4 2025) and 7.08% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.46% |
| Mar 31, 2026 | 8.22% |
| Dec 31, 2025 | 7.96% |
| Sep 30, 2025 | 7.08% |
| Jun 30, 2025 | 8.10% |
| Mar 31, 2025 | 11.70% |
| Dec 31, 2024 | 18.06% |
| Sep 30, 2024 | 15.39% |
| Jun 30, 2024 | 12.91% |
| Mar 31, 2024 | 15.68% |
| Dec 31, 2023 | 21.88% |
| Sep 30, 2023 | 18.19% |
| Jun 30, 2023 | 17.82% |
| Mar 31, 2023 | 19.21% |
| Dec 31, 2022 | 12.87% |
| Sep 30, 2022 | 5.73% |
| Jun 30, 2022 | 3.60% |
| Mar 31, 2022 | 0.15% |
| Dec 31, 2021 | 6.46% |
| Sep 30, 2021 | 7.75% |
API Access
CubeSmart Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=CUBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "CUBE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=CUBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();