Earnings Summary

Cubesmart’s revenue jumped 1.59% since last year same period to $265.13Mn in the Q4 2023. On a quarterly growth basis, Cubesmart has generated -1.03% fall in its revenue since last 3-months.

Cubesmart’s net profit jumped 92.21% since last year same period to $112.67Mn in the Q4 2023. On a quarterly growth basis, Cubesmart has generated 9.76% jump in its net profits since last 3-months.

Cubesmart’s net profit margin jumped 89.21% since last year same period to 42.5% in the Q4 2023. On a quarterly growth basis, Cubesmart has generated 10.9% jump in its net profit margins since last 3-months.

Cubesmart’s price-to-earnings ratio after this Q4 2023 earnings stands at 23.43.

Cubesmart’s earning per share (EPS) estimates for the current quarter stand at 0.43 - a -4.44% fall from last quarter’s estimates.

Cubesmart’s earning per share (EPS) estimates for the current year stand at 0.43.

Cubesmart’s earning per share (EPS) jumped 38.89% since last year same period to 0.5 in the Q4 2023. This indicates that the Cubesmart has generated 38.89% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Cubesmart’s return on assets (ROA) stands at 0.05.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Cubesmart’s return on equity (ROE) stands at 0.14.

Cubesmart declared 0.51 dividend per share during the earnings announcement for Q4 2023.