SuperworthCubeSmart profit margin CUBE
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 29.3%
- Net margin on a year earlier
- −4.9 pts
- Peer median
- 31.7%
Over the twelve months to Jun 30, 2026, CubeSmart kept 29.3% of its revenue as net profit and a gross margin of 67.8%.
Five years earlier its net margin was 24.9%.
The median for 10 specialty REITs of a similar size is 31.7%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Gross margin |
|---|---|---|
| FY2025 | 29.5% | 68.7% |
| FY2024 | 36.8% | 70.2% |
| FY2023 | 39.3% | 71.9% |
| FY2022 | 29.0% | 71.0% |
| FY2021 | 28.1% | 69.4% |
| FY2020 | 24.7% | 67.1% |
| FY2019 | 26.5% | 67.4% |
| FY2018 | 27.7% | 67.1% |
| FY2017 | 24.0% | 67.5% |
| FY2016 | 17.2% | 67.5% |
| FY2015 | 17.5% | 65.5% |
| FY2014 | 7.0% | 64.8% |
| FY2013 | 13.0% | 62.9% |
| FY2012 | 0.7% | 63.2% |
| FY2011 | −0.2% | 59.0% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 29.3% | −4.9 pts | |
| Q1 FY26 | 28.7% | −7.1 pts | |
| Q4 FY25 | 29.5% | −7.3 pts | |
| Q3 FY25 | 32.1% | −5.8 pts | |
| Q2 FY25 | 34.2% | −4.0 pts | |
| Q1 FY25 | 35.8% | −3.0 pts | |
| Q4 FY24 | 36.8% | −2.5 pts | |
| Q3 FY24 | 37.9% | +1.4 pts | |
| Q2 FY24 | 38.2% | +0.5 pts | |
| Q1 FY24 | 38.8% | +4.5 pts | |
| Q4 FY23 | 39.3% | +10.3 pts | |
| Q3 FY23 | 36.5% | +10.0 pts |
Against its peers
Companies in REIT - Specialty nearest CubeSmart's size, closest first, today.
| Company | Profit margin |
|---|---|
| CUBECubeSmart | 29.3% |
| FRTFederal Realty Investment Trust | 32.7% |
| CTRECareTrust REIT | 62.2% |
| BRXBrixmor Property | 30.8% |
| ADCAgree Realty | 28.8% |
| BXPBXP | 8.4% |
| RHPRyman Hospitality Properties | 9.9% |
| NNNNNN REIT | 40.4% |
| CPTCamden Property Trust | n/m |
| AGNCAGNC Investment | n/m |
| EGPEastgroup Properties | 40.5% |
| Peer median | 31.7% |
Where CubeSmart ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on CubeSmart
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.