CUBE CubeSmart margins

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Relative Growth: Rel. Growth: 50
Relative Strength: Rel. Strength: 53
Relative Valuation: Rel. Valuation: 26
Relative Profitability: Rel. Profitability: 70
Gross margin
67.8%
Operating margin
39.8%
EBITDA margin
62.3%
Net margin
29.4%

Based on the latest figures, CubeSmart reports a gross margin of 67.8%, an operating margin of 39.8%, an EBITDA margin of 62.3%, and a net margin of 29.4%. The company's available margins all deteriorated, with net margin reporting the strongest contraction of 4.9 percentage points.

CUBE margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, CubeSmart recorded average margins of 69.92% gross, 43.69% operating, 64.89% EBITDA, and 34.6% net. Compared with their three-year averages, all four current margins are lower.

CUBE margin expansion

Year-over-year margin changes in percentage points

CubeSmart's gross margin contracted by 2.1 percentage points, operating margin by 3.6 percentage points, EBITDA margin by 2.5 percentage points, and net margin by 4.9 percentage points, led by net margin with a decline of 4.9 percentage points.

Gross margin expansion
-2.1pp
Operating margin expansion
-3.6pp
EBITDA margin expansion
-2.5pp
Net margin expansion
-4.9pp

CUBE Gross margin

The average gross margin for CubeSmart was 69.92% over the last 3 years. As of the latest period, the current gross margin for CubeSmart is 67.8%, 2.1 percentage points below its three-year average. The gross margin for CubeSmart moved between 67.8% in Jun 2026 and 71.9% in Dec 2023.

CUBE Operating margin

CubeSmart's operating margin averaged 43.69% over the last 3 years. Compared with its three-year average, CubeSmart's current operating margin is 39.8% and is 3.9 percentage points below its three-year average. Over the last 3 years, CubeSmart's operating margin peaked at 47.3% in Dec 2023 and reached a low of 39.5% in Mar 2026.

CUBE EBITDA margin

Over the last 3 years, CubeSmart's EBITDA margin averaged 64.89%. As of the latest period, CubeSmart's current EBITDA margin is 62.3%, which is 2.6 percentage points below its three-year average. During this period, EBITDA margin reached a high of 67.5% in Dec 2023 and a low of 62.3% in Jun 2026.

CUBE Net margin

Over the last 3 years, CubeSmart recorded an average net margin of 34.6%. CubeSmart currently reports a net margin of 29.4%, 5.2 percentage points below its three-year average. The highest net margin for CubeSmart was 39.1% in Dec 2023, while the lowest was 28.9% in Mar 2026.

CUBE margin group comparison

Margins compared with peer-group, industry and sector averages

CubeSmart's gross margin of 67.8% is above the Real Estate sector, the industry and its peers average. In comparison with its Real Estate sector average of 62.8%, CubeSmart's gross margin is 8% higher.

CUBE margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is CubeSmart's gross margin?

As of Jun 30, 2026, CUBE has a gross margin of 67.8%.

What is CubeSmart's operating margin?

The current operating margin for CUBE is 39.8% as of Jun 30, 2026.

What is CubeSmart's EBITDA margin?

For the period ending Jun 30, 2026, CUBE recorded an EBITDA margin of 62.3%.

What is CubeSmart's net margin?

For the period ending Jun 30, 2026, CUBE recorded a net margin of 29.4%.

What are the average margins of CUBE?

Over the past 3 years, CUBE reported average margins of 69.9% gross, 43.7% operating, 64.9% EBITDA, and 34.6% net.

What are the highest historical margins of CUBE?

Over the last 5 years, CubeSmart's highest margins were 71.9% gross in Dec 2023, 47.3% operating in Dec 2023, 71% EBITDA in Jun 2023, and 39.1% net in Dec 2023.

What are the lowest historical margins of CUBE?

Over this 5-year history, CubeSmart's margins fell as low as 67.8% gross in Jun 2026, 33.2% operating in Sep 2022, 62.3% EBITDA in Jun 2026, and 24.9% net in Jun 2022.