CubeSmart

With more personalized storage solutions and more than 600 convenient locations nationwide, our customers can expect to get more out of self storage than they put in. Same space. Same price. More services. Now that's smart. CubeSmart has the best-trained managers in the industry who are committed to delivering top-notch, unparalleled service. We’ve elevated ourselves through our first-in-industry WOW! Department. Focused on delivering a better storage experience than our Customers could have imagined, WOW! is the next step in the evolution of customer service.
Company Growth (employees)
Type
Public
HQ
Malvern, US
Founded
2004
Size (employees)
2,136 (est)
CubeSmart was founded in 2004 and is headquartered in Malvern, US

CubeSmart Office Locations

CubeSmart has an office in Malvern
Malvern, US (HQ)
5 Old Lancaster Rd

CubeSmart Data and Metrics

CubeSmart Financial Metrics

CubeSmart's revenue was reported to be $133 m in Q1, 2017
USD

Revenue (Q1, 2017)

133 m

Net income (Q1, 2017)

25.2 m

EBIT (Q1, 2017)

40.4 m

Cash (31-Mar-2017)

3.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

318.4 m377 m444.5 m510 m

Revenue growth, %

18%18%15%

Gross profit

200.2 m244.3 m291.3 m

Gross profit Margin, %

63%65%66%

Operating expense total

141.9 m162.7 m183.5 m90.8 m

EBIT

59.4 m87.8 m108.3 m

EBIT margin, %

19%23%24%

Net Income

42 m26.7 m78.8 m88.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

92.3 m97.1 m103.7 m109.9 m116 m118.9 m126.5 m132.1 m133 m

General and administrative expense

7.1 m7.5 m7.2 m7.1 m7 m8.2 m7.9 m8.1 m9.5 m

Operating expense total

7.1 m7.5 m7.2 m7.1 m7 m8.2 m7.9 m8.1 m9.5 m

EBIT

22.7 m23.1 m20.7 m25.7 m29.7 m28.7 m33 m39.5 m40.4 m

EBIT margin, %

25%24%20%23%26%24%26%30%30%

Net Income

12.6 m21.2 m8.5 m22.4 m41 m15.9 m36.2 m61.3 m25.2 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

3.2 m2.9 m62.9 m3 m

Accounts Receivable

2.1 m

Total Assets

2.4 b2.8 b3.1 b3.5 b

Accounts Payable

3.1 m

Total Liabilities

1.8 b

Additional Paid-in Capital

1.5 b2 b2.2 b2.3 b

Retained Earnings

(440.8 m)(519.2 m)(584.7 m)(658.6 m)

Total Equity

1.1 b1.4 b1.6 b1.7 b

Financial Leverage

2.2 x1.9 x1.9 x2.1 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

10.8 m31.3 m3 m3.2 m3 m2.8 m3.4 m87.4 m3.1 m

Total Assets

2.5 b2.5 b2.8 b2.9 b2.9 b3.2 b3.4 b3.5 b3.5 b

Additional Paid-in Capital

1.7 b1.8 b2 b2 b2.1 b2.3 b2.3 b2.4 b2.3 b

Retained Earnings

(474.9 m)(487.4 m)(543.9 m)(556.4 m)(576.1 m)(613.7 m)(627.7 m)(634.2 m)(680.9 m)

Total Equity

1.2 b1.3 b1.5 b1.5 b1.5 b1.7 b1.7 b1.8 b1.6 b

Financial Leverage

2.1 x2 x1.9 x1.9 x1.9 x1.9 x2 x2 x2.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

42 m26.7 m78.8 m88.4 m

Depreciation and Amortization

117.1 m129 m154.1 m164.4 m

Accounts Payable

4.6 m2.7 m(438 k)7.9 m

Cash From Operating Activities

142.9 m166 m215.7 m263.5 m

Cash From Investing Activities

(282.9 m)(522.7 m)(374.6 m)(544.5 m)

Cash From Financing Activities

138.7 m356.4 m218.9 m221 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

12.6 m21.2 m8.5 m22.4 m41 m15.9 m36.2 m61.3 m25.2 m

Depreciation and Amortization

59.7 m91.9 m38.4 m77.2 m116.5 m40 m82 m124.5 m38.8 m

Accounts Payable

(2.2 m)2.5 m(3.4 m)3.3 m6.1 m5 m5.9 m17.6 m2.6 m

Cash From Operating Activities

71.6 m118.9 m43.4 m100.7 m162.5 m61.9 m124 m201.4 m67.9 m

Cash From Investing Activities

(166.9 m)(219 m)(53.9 m)(135.7 m)(237.9 m)(196.9 m)(347.1 m)(472.1 m)(19.9 m)

Cash From Financing Activities

103 m128.1 m10.6 m35.3 m75.5 m74.8 m163.6 m295.2 m(48 m)
USDY, 2017

Revenue/Employee

62.3 k

Financial Leverage

2.1 x

Traffic Overview of CubeSmart

CubeSmart Online and Social Media Presence

CubeSmart Company Life and Culture

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