CubeSmart

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $3.0m $5.3m $3.8m $54.9m $3.6m $11.1m $6.1m $6.5m $71.6m $5.8m
Accounts Receivable $5.1m $5.5m $5.7m $6.4m $5.8m $8.1m $7.9m $8.9m $10.4m $9.7m
Restricted Cash and Cash Equivalents $7.9m $3.9m $2.7m $3.6m $2.6m $2.2m $2.9m $1.7m $6.1m $4.5m
Accounts Receivable, after Allowance for Credit Loss $5.1m $5.5m $5.7m $6.4m $5.8m $8.1m $7.9m $8.9m $10.4m $9.7m
Intangible Assets, Net (Excluding Goodwill) $8.3m $1.7m $8.1m $10.3m $57.8m $108.8m $1.2m $1.8m $10.3m $7.8m
Operating Lease, Right-of-Use Asset $41.7m $55.3m $54.7m $49.5m $50.5m $49.4m $48.4m
Additional Financial Items
Assets $3.5b $3.5b $3.8b $4.0b $4.8b $6.5b $6.3b $6.2b $6.4b $6.6b
LIABILITIES AND EQUITY
Dividends Payable $49.2m $55.3m $60.6m $64.7m $68.3m $97.4m $111.2m $115.8m $119.6m $121.5m
Deferred Tax Liabilities, Net $700k $1.0m $1.1m $1.1m $100k
Liabilities:
Liabilities $1.8b $1.9b $2.0b $2.2b $2.7b $3.5b $3.4b $3.3b $3.4b $3.9b
Redeemable Noncontrolling Interest, Equity, Carrying Amount $54.4m $54.3m $55.8m $62.1m $249.4m $108.2m $57.4m $60.3m $51.2m $36.2m
Stockholders’ equity:
Common Stock, Value, Issued $1.8m $1.8m $1.9m $1.9m $2.0m $2.2m $2.2m $2.2m $2.3m $2.3m
Additional Paid in Capital $2.3b $2.4b $2.5b $2.7b $2.8b $4.1b $4.1b $4.1b $4.3b $4.3b
Retained Earnings (Accumulated Deficit) ($658.6m) ($729.3m) ($791.9m) ($876.6m) ($974.8m) ($1.2b) ($1.3b) ($1.3b) ($1.4b) ($1.6b)
Accumulated Other Comprehensive Income (Loss), Net of Tax ($1.9m) $3k ($1.0m) ($729k) ($632k) ($570k) ($491k) ($411k) ($330k) ($249k)
Stockholders' Equity Attributable to Parent $1.7b $1.6b $1.7b $1.8b $1.8b $2.9b $2.8b $2.8b $2.9b $2.7b
Stockholders' Equity Attributable to Noncontrolling Interest $5.9m $6.2m $6.8m $8.0m $8.6m $18.6m $14.2m $21.7m $30.8m $26.5m
Liabilities and Equity $3.5b $3.5b $3.8b $4.0b $4.8b $6.5b $6.3b $6.2b $6.4b $6.6b

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.