CubeSmart annual net debt
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CubeSmart Net Debt Growth & History (CUBE)
CubeSmart's net debt was $109.4M for fiscal 2025.
View full CubeSmart company overviewCubeSmart annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $109.4M | $65.3M | +148.21% |
| 2024 | 2024-12-31 | $44.1M | −$65.4M | −59.75% |
| 2023 | 2023-12-31 | $109.5M | $1.2M | +1.06% |
| 2022 | 2022-12-31 | $108.4M | −$321,000 | −0.30% |
| 2021 | 2021-12-31 | $108.7M | −$2.31B | −95.50% |
| 2020 | 2020-12-31 | $2.41B | $491.4M | +25.55% |
| 2019 | 2019-12-31 | $1.92B | $180.0M | +10.32% |
| 2018 | 2018-12-31 | $1.74B | $148.6M | +9.32% |
| 2017 | 2017-12-31 | $1.59B | −$2.3M | −0.14% |
| 2016 | 2016-12-31 | $1.60B | $359.9M | +29.09% |
| 2015 | 2015-12-31 | $1.24B | $40.0M | +3.34% |
| 2014 | 2014-12-31 | $1.20B | $100.3M | +9.14% |
| 2013 | 2013-12-31 | $1.10B | $77.5M | +7.61% |
| 2012 | 2012-12-31 | $1.02B | — | — |
CubeSmart quarterly net debt
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Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $3.53B | $3.47B | +6099.47% |
| Q1 2026 | 2026-03-31 | $58.3M | $3.4M | +6.15% |
| Q4 2025 | 2025-12-31 | $109.4M | $65.3M | +148.21% |
| Q3 2025 | 2025-09-30 | −$42.8M | −$65.0M | — |
| Q2 2025 | 2025-06-30 | $56.9M | −$3.1M | −5.22% |
| Q1 2025 | 2025-03-31 | $54.9M | −$5.2M | −8.67% |
| Q4 2024 | 2024-12-31 | $44.1M | −$65.4M | −59.75% |
| Q3 2024 | 2024-09-30 | $22.2M | −$35.5M | −61.57% |
| Q2 2024 | 2024-06-30 | $60.0M | $3.5M | +6.23% |
| Q1 2024 | 2024-03-31 | $60.1M | −$118,000 | −0.20% |
| Q4 2023 | 2023-12-31 | $109.5M | $1.2M | +1.06% |
| Q3 2023 | 2023-09-30 | $57.7M | −$2.9M | −4.77% |
| Q2 2023 | 2023-06-30 | $56.5M | −$4.1M | −6.79% |
| Q1 2023 | 2023-03-31 | $60.2M | $2.3M | +4.04% |
| Q4 2022 | 2022-12-31 | $108.4M | −$321,000 | −0.30% |
| Q3 2022 | 2022-09-30 | $60.6M | −$38.3M | −38.74% |
| Q2 2022 | 2022-06-30 | $60.6M | −$54.7M | −47.41% |
| Q1 2022 | 2022-03-31 | $57.9M | −$57.7M | −49.92% |
| Q4 2021 | 2021-12-31 | $108.7M | −$2.31B | −95.50% |
| Q3 2021 | 2021-09-30 | $98.9M | −$1.91B | −95.07% |
| Q2 2021 | 2021-06-30 | $115.3M | −$1.87B | −94.21% |
| Q1 2021 | 2021-03-31 | $115.6M | −$1.83B | −94.05% |
| Q4 2020 | 2020-12-31 | $2.41B | $491.4M | +25.55% |
| Q3 2020 | 2020-09-30 | $2.01B | $142.5M | +7.65% |
| Q2 2020 | 2020-06-30 | $1.99B | $101.6M | +5.38% |
| Q1 2020 | 2020-03-31 | $1.94B | $85.0M | +4.58% |
| Q4 2019 | 2019-12-31 | $1.92B | $180.0M | +10.32% |
| Q3 2019 | 2019-09-30 | $1.86B | $166.6M | +9.82% |
| Q2 2019 | 2019-06-30 | $1.89B | $1.89B | — |
| Q1 2019 | 2019-03-31 | $1.86B | $1.86B | — |
| Q4 2018 | 2018-12-31 | $1.74B | $148.6M | +9.32% |
| Q3 2018 | 2018-09-30 | $1.70B | $1.70B | — |
| Q2 2018 | 2018-06-30 | −$4.9M | $1.6M | — |
| Q1 2018 | 2018-03-31 | −$4.3M | −$1.60B | — |
| Q4 2017 | 2017-12-31 | $1.59B | −$2.3M | −0.14% |
| Q3 2017 | 2017-09-30 | −$4.6M | −$1.52B | — |
| Q2 2017 | 2017-06-30 | −$6.5M | −$1.40B | — |
| Q1 2017 | 2017-03-31 | $1.60B | $299.7M | +23.10% |
| Q4 2016 | 2016-12-31 | $1.60B | $359.9M | +29.09% |
| Q3 2016 | 2016-09-30 | $1.51B | $315.6M | +26.37% |
| Q2 2016 | 2016-06-30 | $1.40B | $199.7M | +16.69% |
| Q1 2016 | 2016-03-31 | $1.30B | $100.3M | +8.38% |
| Q4 2015 | 2015-12-31 | $1.24B | $40.0M | +3.34% |
| Q3 2015 | 2015-09-30 | $1.20B | $128.2M | +12.00% |
| Q2 2015 | 2015-06-30 | $1.20B | $26.5M | +2.27% |
| Q1 2015 | 2015-03-31 | $1.20B | $3.6M | +0.30% |
| Q4 2014 | 2014-12-31 | $1.20B | $100.3M | +9.14% |
| Q3 2014 | 2014-09-30 | $1.07B | $27.3M | +2.62% |
| Q2 2014 | 2014-06-30 | $1.17B | $99.8M | +9.33% |
| Q1 2014 | 2014-03-31 | $1.19B | $189.5M | +18.88% |
| Q4 2013 | 2013-12-31 | $1.10B | $77.5M | +7.61% |
| Q3 2013 | 2013-09-30 | $1.04B | — | — |
| Q2 2013 | 2013-06-30 | $1.07B | — | — |
| Q1 2013 | 2013-03-31 | $1.00B | — | — |
| Q4 2012 | 2012-12-31 | $1.02B | — | — |
CubeSmart net debt trends
Over the last five fiscal years, CubeSmart's net debt decreased from $2.41B to $109.4M, a change of −$2.31B. The latest reported quarter, Q2 2026, shows $3.53B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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