NYSE$CUBE

CubeSmart · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

CubeSmart's Q3 performance was marked by strategic execution, organic growth, and external expansion.

CubeSmart demonstrated strong performance with revenue and NOI growth, driven by strategic execution and expansion through acquisitions and development openings.

  • Experienced management team
  • Sophisticated Operating Platform
  • Best-in-Class Portfolio
  • Investment Grade Balance Sheet

Headline financials

Total Revenue

$213M

Previous: $173M+23.2%
EPS (adj)

$0.56

Previous: $0.44+27.3%
Total Period-End Occupancy

94.4%

Previous: 93.2%+1.3%
Capital Expenditures

-$126M

Previous: -$117M-7.8%
Free Cash Flow

-$35.7M

Previous: -$69.7M+48.8%
Net Income

$90.6M

Previous: $47.4M+91.1%
Operating Income

$136M

Previous: $105M+29.4%
Gross Profit

$148M

Previous: $115M+28.7%
Cash & Equivalents

$20.3M

Previous: $3.9M+420.9%
Total Assets

$4.84B

Previous: $4.03B+20.0%
Stock-Based Comp

$2.02M

Previous: $1.77M+14.3%

Revenue & EPS history

CubeSmart · Revenue · Quarterly

$213M

Q3 2021+23.2%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.5%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+1.0%

Avg return

30 days after

52%

33 / 64 earnings

Positive

+10.8%

Q1 2020

Best reaction

-6.9%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%-0.5%-1.2%
Q4 2025-1.5%-1.5%-12.7%
Q3 2025-5.3%-3.4%-4.7%
Q1 2025+3.8%+3.0%+4.4%
Q4 2024-2.9%+1.7%-2.7%
Q3 2024-1.9%+1.7%+2.7%
Q2 2024+2.4%-0.1%+8.9%
Q1 2024-3.2%-4.0%-0.0%
Q4 2023+2.2%+4.4%+1.8%
Q3 2023+6.7%+6.1%+20.6%
Q2 2023-4.9%-3.4%-2.9%
Q1 2023+0.9%-2.0%-0.6%
Q4 2022+1.1%-0.2%-2.7%
Q3 2022+6.9%+6.5%+3.1%
Q2 2022+4.4%+7.0%+1.0%
Q1 2022-6.9%-9.0%-11.1%
Q4 2021+3.3%+1.3%+4.8%
Q3 2021+1.4%-2.7%-3.5%
Q2 2021+1.2%+2.6%+7.5%
Q1 2021+2.6%+1.5%+6.1%
Q4 2020-2.8%-7.1%-1.1%
Q3 2020-2.2%-2.9%-4.3%
Q2 2020+3.5%+4.5%+9.5%
Q1 2020+10.8%+1.4%+22.4%
Q4 2019+2.7%+1.9%-32.5%
Q3 2019-6.8%-7.0%-10.6%
Q2 2019+0.0%+0.8%+5.4%
Q1 2019+1.4%+1.5%+7.3%
Q4 2018-0.9%+2.2%+8.4%
Q3 2018-0.1%+3.2%+6.4%
Q2 2018-2.4%-0.2%+0.8%
Q1 2018+5.1%+6.6%+9.3%
Q4 2017+0.3%-0.6%+7.7%
Q3 2017+3.4%+5.0%+12.5%
Q2 2017-2.3%-0.4%+0.1%
Q1 2017-6.3%-7.4%-7.4%
Q4 2016+6.8%+4.0%+2.4%
Q3 2016-2.3%-2.7%-7.2%
Q2 2016-0.8%-2.3%-9.5%
Q1 2016-2.1%
Q4 2015+1.2%
Q3 2015-2.1%
Q2 2015+1.7%
Q1 2015+2.3%
Q4 2014-1.8%
Q3 2014+5.3%
Q2 2014+2.9%
Q1 2014-0.3%
Q4 2013-0.5%
Q3 2013-6.2%
Q2 2013+4.2%
Q1 2013-0.3%
Q4 2012+1.4%
Q3 2012-0.5%
Q2 2012+0.9%
Q1 2012+0.0%
Q4 2011+0.0%
Q3 2011+0.1%
Q2 2010+4.1%
Q2 2011+4.1%
Q1 2011-0.5%
Q4 2010-3.0%
Q3 2010+1.7%
Q1 2010+4.6%

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