EBIT Margin (Annual)

EBIT Margin: Earnings before interest and taxes as a portion of total revenues. Calculated as: EBIT / Total Revenues

CubeSmart (CUBE) had EBIT Margin of 47.34% for the most recently reported fiscal year, ending 2023-12-31.

Quarterly Annual

Figures for fiscal year ending 2023-12-31

Income Statement Financials
Revenue	$1.05B
Net Income	$410.76M
Cost of Goods Sold	$294.78M
Gross Profit	$755.55M
Operating Expenses	$553.06M
Operating Income	$497.27M
Non-Operating Income/Expense	$-84.84M
Pre-Tax Income	$412.44M
Normalized Pre-Tax Income	$412.44M
Income after Taxes	$412.44M
Income from Continuous Operations	$412.44M
Consolidated Net Income/Loss	$412.44M
Normalized Income after Taxes	$412.44M
EBIT	$497.27M
EBITDA	$702.65M
Weighted-Average Shares Outstanding (Basic)	225.42M
Weighted-Average Shares Outstanding (Diluted)	226.24M
Earnings per Share (EPS) (Basic)	$1.82
Earnings per Share (EPS) (Diluted)	$1.82
Balance Sheet Financials
Current Assets	$8.22M
Property, Plant, and Equipment	$5.95B
Long-Term Assets	$6.22B
Total Assets	$6.23B
Current Liabilities	$201.42M
Long-Term Debt	$2.92B
Long-Term Liabilities	$3.20B
Total Liabilities	$3.40B
Common Equity	$2.82B
Tangible Shareholders Equity	$2.82B
Shareholders Equity	$2.82B
Common Shares Outstanding	224.92M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$611.14M
Cash Flow from Investing Activities	$-93.82M
Cash Flow from Financial Activities	$-518.03M
Beginning Cash	$8.93M
End Cash	$8.22M
Increase/Decrease in Cash	$-0.71M
Stock-Based Compensation	$10.09M
Common Stock Dividends Paid	$-442.22M
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	--
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.51
Debt to Equity Ratio	1.04
Gross Margin	--
Operating Margin	47.34%
EBIT Margin	47.34%
EBITDA Margin	66.90%
Pre-Tax Profit Margin	39.27%
Profit Margin	39.11%
Free Cash Flow	$548.85M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.17
Inventory Turnover	--
Receiveable Turnover	--
Days Sales in Receivables	--
Return on Equity	14.62%
Return on Tangible Equity	14.62%
Return on Assets	6.63%
Return on Investments	7.18%
Book Value Per Share	$12.54
Free Cash Flow per Share	$2.43
Operating Cash Flow per Share	$2.70

Data from Zacks Investment Research, Inc.