CubeSmartCUBE

Market cap

$8.3B

P/E ratio

	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Storage properties	2,107	2,443	2,554	3,117	3,467	3,998	4,162	4,463	4,700	5,490	7,183	7,296	7,368	7,629
Less: Accumulated depreciation	319	353	399	492	594	671	753	862	925	984	1,086	1,248	1,416	1,591
Storage properties, net	1,789	2,090	2,155	2,625	2,873	3,327	3,409	3,601	3,774	4,506	6,098	6,048	5,951	6,038
Cash and cash equivalents	9	4	3	3	63	3	5	4	55	4	11	6	7	72
Restricted cash	11	6	4	3	25	8	4	3	4	3	2	3	2	6
Loan procurement costs, net of amortization	-	-	-	-	-	-	-	-	-	-	-	5	4	3
Equity Method Investments	15	-	156	96	97	99	91	96	91	92	120	106	98	92
Other Assets	44	42	27	49	44	37	35	49	101	171	266	154	163	184
Total assets	1,876	2,150	2,359	2,786	3,115	3,475	3,545	3,753	4,030	4,778	6,548	6,326	6,225	6,394
Unsecured senior notes, net	-	250	500	500	750	1,039	1,142	1,144	1,836	2,030	2,768	2,772	2,776	2,781
Long-term Line of Credit	-	45	39	78	-	43	82	196	-	118	210	61	18	-
Notes and Loans Payable	358	229	200	196	112	115	111	108	96	217	168	163	128	206
Finance Lease, Liability	-	-	-	-	-	-	-	-	-	66	66	66	66	66
Accounts Payable and Accrued Liabilities	51	61	58	69	85	94	143	150	138	159	200	213	201	230
Dividends Payable	11	16	20	28	39	49	55	61	65	68	97	111	116	120
Deferred revenue	10	11	12	15	18	20	22	23	25	29	37	39	38	39
Total liabilities	831	1,112	1,229	1,287	1,404	1,759	1,856	1,981	2,160	2,688	3,550	3,428	3,344	3,440
Noncontrolling interests in the Operating Partnership	-	-	-	-	66	54	54	56	62	249	108	57	60	51
Common Stock, Value, Issued	1	1	1	2	2	2	2	2	2	2	2	2	2	2
Additional paid-in capital	-	1,418	1,543	1,974	2,231	2,314	2,357	2,501	2,675	2,806	4,088	4,125	4,142	4,286
Accumulated other comprehensive loss	-13	-20	-11	-9	-5	-2	0	-1	-1	-1	-1	-0	-0	-0
Accumulated deficit	-342	-410	-441	-519	-585	-659	-729	-792	-877	-975	-1,218	-1,301	-1,345	-1,416
Total CubeSmart shareholders' equity	995	990	1,093	1,450	1,645	1,661	1,635	1,716	1,807	1,841	2,890	2,840	2,821	2,903
Noncontrolling interests in subsidiaries	39	0	1	2	2	6	6	7	8	9	19	14	22	31
Total equity	995	990	1,093	1,450	1,645	1,661	1,635	1,716	1,807	1,841	2,890	2,840	2,821	2,903
Total liabilities and equity	1,876	2,150	2,359	2,786	3,115	3,475	3,545	3,753	4,030	4,778	6,548	6,326	6,225	6,394