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)+17%
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 Metrics

CubeSmart Financial Metrics

Revenue (2016)

$510 m

Revenue growth (2015-16), %

15%

Net income (2016)

$88.4 m

Cash (31-Dec-2016)

$3 m
CubeSmart's revenue was reported to be $510 m in FY, 2016 which is a 14.7% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$318.4 m$377 m$444.5 m$510 m

Revenue growth, %

18%18%15%

Gross profit

$200.2 m$244.3 m$291.3 m

Gross profit Margin, %

63%65%66%

Operating expense total

$141.9 m$162.7 m$183.5 m$90.8 m

EBIT

$59.4 m$87.8 m$108.3 m

EBIT margin, %

19%23%24%

Net Income

$42 m$26.7 m$78.8 m$88.4 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$3.2 m$2.9 m$62.9 m$3 m

Accounts Receivable

Inventories

Total Assets

$2.4 b$2.8 b$3.1 b$3.5 b

Accounts Payable

Additional Paid-in Capital

$1.5 b$2 b$2.2 b$2.3 b

Retained Earnings

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

Total Equity

$1.1 b$1.4 b$1.6 b$1.7 b

Financial Leverage

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

Net Income

$42 m$26.7 m$78.8 m$88.4 m

Depreciation and Amortization

$117.1 m$129 m$154.1 m$164.4 m

Accounts Receivable

Inventories

Accounts Payable

$4.6 m$2.7 m($438 k)$7.9 m

Cash From Operating Activities

$142.9 m$166 m$215.7 m$263.5 m

Cash From Investing Activities

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

CubeSmart Online Presence

CubeSmart Company Life

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