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 Financials and Metrics

CubeSmart Financials

CubeSmart's revenue was reported to be $510 m in FY, 2016
USD

Revenue (Q3, 2017)

143.9 m

Net income (Q3, 2017)

37.7 m

EBIT (Q3, 2017)

52.3 m

Cash (30-Sep-2017)

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

Revenue

318.4 m377 m444.5 m510 m

Revenue growth, %

18%18%15%

EBIT

59.4 m87.8 m108.3 m

EBIT margin, %

19%23%24%
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

82.8 m87.3 m92.3 m97.1 m103.7 m109.9 m116 m118.9 m126.5 m132.1 m133 m138.6 m143.9 m

General and administrative expense

7.3 m6.6 m7.1 m7.5 m7.2 m7.1 m7 m8.2 m7.9 m8.1 m9.5 m8.8 m8.2 m

Operating expense total

65.9 m67 m69.6 m74 m83 m84.2 m86.3 m90.1 m93.5 m92.6 m92.6 m91 m91.6 m

EBIT

16.9 m20.3 m22.7 m23.1 m20.7 m25.7 m29.7 m28.7 m33 m39.5 m40.4 m47.5 m52.3 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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

2.9 m3.2 m10.8 m31.3 m3 m3.2 m3 m2.8 m3.4 m87.4 m3.1 m8.1 m6.2 m

Total Assets

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

Total Liabilities

1.1 b1.3 b1.3 b1.2 b1.3 b1.3 b1.3 b1.5 b1.6 b1.7 b1.8 b1.8 b1.8 b

Additional Paid-in Capital

1.5 b1.6 b1.7 b1.8 b2 b2 b2.1 b2.3 b2.3 b2.4 b2.3 b2.3 b2.3 b
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

18.7 m4.6 m12.6 m21.2 m8.5 m22.4 m41 m15.9 m36.2 m61.3 m25.2 m58 m95.8 m

Depreciation and Amortization

89.8 m28.7 m59.7 m91.9 m38.4 m77.2 m116.5 m40 m82 m124.5 m38.8 m76.3 m112.9 m

Accounts Payable

1.6 m(6.8 m)(2.2 m)2.5 m(3.4 m)3.3 m6.1 m5 m5.9 m17.6 m2.6 m12.8 m18.6 m

Cash From Operating Activities

103.9 m30.6 m71.6 m118.9 m43.4 m100.7 m162.5 m61.9 m124 m201.4 m67.9 m147.5 m224.3 m
USDY, 2017

Revenue/Employee

67.4 k

Financial Leverage

2.2 x
Show all financial metrics

CubeSmart's Web-traffic and Trends

CubeSmart Online and Social Media Presence

CubeSmart News and Updates

Jernigan invests $49.7 mln in three new self-storage development projects

Jernigan Capital Inc has closed three new self-storage development projects at a total of $49.7 million. The investments were $26.5 million in a New York City-based proposed multi-story climate controlled facility; $9.1 million and $14.1 million in similar facilities in Knoxville, Tennessee and the …

Jernigan closes $10.8 mln investment in Baltimore self-storage project

Jernigan Capital has closed a $10.8 million investment in a self-storage development project in Baltimore, Maryland. The project is a proposed multi-story climate-controlled facility that will be a conversion of a former textiles office and warehouse.

Jernigan Capital closes $10.3 mln Petersburg, Florida self-storage development project

Jernigan Capital has closed a $10.3 million self-storage development project in Petersburg, Florida. The project will feature 310 apartment units and a restaurant. Construction on the project is expected to begin in the third quarter of this year and will be finished in the third quarter of 2018.

CubeSmart Company Life and Culture

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