CubeSmart annual operating expenses
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CubeSmart Operating Expenses Growth & History (CUBE)
CubeSmart's operating expenses was $674.2M for fiscal 2025.
View full CubeSmart company overviewCubeSmart annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $674.2M | $91.1M | +15.62% |
| 2024 | 2024-12-31 | $583.1M | $30.1M | +5.43% |
| 2023 | 2023-12-31 | $553.1M | −$105.4M | −16.01% |
| 2022 | 2022-12-31 | $658.5M | $126.5M | +23.79% |
| 2021 | 2021-12-31 | $532.0M | $110.3M | +26.17% |
| 2020 | 2020-12-31 | $421.6M | $9.8M | +2.38% |
| 2019 | 2019-12-31 | $411.8M | $33.9M | +8.97% |
| 2018 | 2018-12-31 | $377.9M | $14.7M | +4.05% |
| 2017 | 2017-12-31 | $363.2M | −$3.9M | −1.05% |
| 2016 | 2016-12-31 | $367.1M | $30.5M | +9.05% |
| 2015 | 2015-12-31 | $336.6M | $41.2M | +13.95% |
| 2014 | 2014-12-31 | $295.4M | $31.5M | +11.92% |
| 2013 | 2013-12-31 | $263.9M | $21.4M | +8.83% |
| 2012 | 2012-12-31 | $242.5M | $68.3M | +39.20% |
| 2011 | 2011-12-31 | $174.2M | $4.2M | +2.45% |
| 2010 | 2010-12-31 | $170.1M | −$7.9M | −4.43% |
| 2009 | 2009-12-31 | $177.9M | — | — |
CubeSmart quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $73.1M | −$97.3M | −57.11% |
| Q1 2026 | 2026-03-31 | $168.7M | $10.5M | +6.66% |
| Q4 2025 | 2025-12-31 | $171.6M | $28.0M | +19.46% |
| Q3 2025 | 2025-09-30 | $174.0M | $26.7M | +18.12% |
| Q2 2025 | 2025-06-30 | $170.4M | $21.7M | +14.56% |
| Q1 2025 | 2025-03-31 | $158.2M | $14.8M | +10.31% |
| Q4 2024 | 2024-12-31 | $143.6M | $7.8M | +5.75% |
| Q3 2024 | 2024-09-30 | $147.3M | $5.8M | +4.06% |
| Q2 2024 | 2024-06-30 | $148.8M | $9.3M | +6.63% |
| Q1 2024 | 2024-03-31 | $143.4M | $7.2M | +5.33% |
| Q4 2023 | 2023-12-31 | $135.8M | −$19.1M | −12.31% |
| Q3 2023 | 2023-09-30 | $141.6M | −$28.1M | −16.56% |
| Q2 2023 | 2023-06-30 | $139.5M | −$26.7M | −16.08% |
| Q1 2023 | 2023-03-31 | $136.1M | −$31.5M | −18.80% |
| Q4 2022 | 2022-12-31 | $154.9M | $10.4M | +7.18% |
| Q3 2022 | 2022-09-30 | $169.7M | $37.7M | +28.52% |
| Q2 2022 | 2022-06-30 | $166.2M | $36.8M | +28.42% |
| Q1 2022 | 2022-03-31 | $167.6M | $41.7M | +33.10% |
| Q4 2021 | 2021-12-31 | $144.5M | $40.0M | +38.27% |
| Q3 2021 | 2021-09-30 | $132.0M | $26.7M | +25.29% |
| Q2 2021 | 2021-06-30 | $129.4M | $24.7M | +23.54% |
| Q1 2021 | 2021-03-31 | $126.0M | $19.0M | +17.78% |
| Q4 2020 | 2020-12-31 | $104.5M | −$866,000 | −0.82% |
| Q3 2020 | 2020-09-30 | $105.4M | −$1.5M | −1.38% |
| Q2 2020 | 2020-06-30 | $104.8M | $4.2M | +4.17% |
| Q1 2020 | 2020-03-31 | $106.9M | $7.9M | +8.01% |
| Q4 2019 | 2019-12-31 | $105.4M | $6.6M | +6.70% |
| Q3 2019 | 2019-09-30 | $106.9M | $13.1M | +13.95% |
| Q2 2019 | 2019-06-30 | $100.6M | $7.7M | +8.25% |
| Q1 2019 | 2019-03-31 | $99.0M | $6.5M | +7.08% |
| Q4 2018 | 2018-12-31 | $98.8M | $10.8M | +12.28% |
| Q3 2018 | 2018-09-30 | $93.8M | $2.2M | +2.39% |
| Q2 2018 | 2018-06-30 | $92.9M | $1.9M | +2.08% |
| Q1 2018 | 2018-03-31 | $92.5M | −$182,000 | −0.20% |
| Q4 2017 | 2017-12-31 | $88.0M | −$2.9M | −3.17% |
| Q3 2017 | 2017-09-30 | $91.6M | −$999,000 | −1.08% |
| Q2 2017 | 2017-06-30 | $91.0M | −$2.5M | −2.66% |
| Q1 2017 | 2017-03-31 | $92.6M | $2.5M | +2.77% |
| Q4 2016 | 2016-12-31 | $90.8M | $7.7M | +9.20% |
| Q3 2016 | 2016-09-30 | $92.6M | $6.3M | +7.33% |
| Q2 2016 | 2016-06-30 | $93.5M | $9.3M | +11.10% |
| Q1 2016 | 2016-03-31 | $90.1M | $7.1M | +8.60% |
| Q4 2015 | 2015-12-31 | $83.2M | $742,000 | +0.90% |
| Q3 2015 | 2015-09-30 | $86.3M | $12.3M | +16.63% |
| Q2 2015 | 2015-06-30 | $84.2M | $13.8M | +19.64% |
| Q1 2015 | 2015-03-31 | $83.0M | $14.4M | +20.91% |
| Q4 2014 | 2014-12-31 | $82.5M | $16.7M | +25.32% |
| Q3 2014 | 2014-09-30 | $74.0M | $7.7M | +11.64% |
| Q2 2014 | 2014-06-30 | $70.3M | $6.0M | +9.27% |
| Q1 2014 | 2014-03-31 | $68.7M | $2.8M | +4.22% |
| Q4 2013 | 2013-12-31 | $65.8M | $1.2M | +1.92% |
| Q3 2013 | 2013-09-30 | $66.3M | $3.8M | +6.02% |
| Q2 2013 | 2013-06-30 | $64.4M | $34.6M | +116.50% |
| Q1 2013 | 2013-03-31 | $65.9M | $37.9M | +135.56% |
| Q4 2012 | 2012-12-31 | $64.6M | $13.2M | +25.69% |
| Q3 2012 | 2012-09-30 | $62.5M | $42.2M | +207.74% |
| Q2 2012 | 2012-06-30 | $29.7M | $9.1M | +43.77% |
| Q1 2012 | 2012-03-31 | $28.0M | $9.2M | +49.38% |
| Q4 2011 | 2011-12-31 | $51.4M | $6.8M | +15.36% |
| Q3 2011 | 2011-09-30 | $20.3M | −$24.1M | −54.30% |
| Q2 2011 | 2011-06-30 | $20.7M | −$323,000 | −1.54% |
| Q1 2011 | 2011-03-31 | $18.7M | −$24.2M | −56.38% |
| Q4 2010 | 2010-12-31 | $44.5M | — | — |
| Q3 2010 | 2010-09-30 | $44.4M | — | — |
| Q2 2010 | 2010-06-30 | $21.0M | — | — |
| Q1 2010 | 2010-03-31 | $42.9M | — | — |
CubeSmart operating expenses trends
Over the last five fiscal years, CubeSmart's operating expenses increased from $421.6M to $674.2M, a change of $252.6M. The latest reported quarter, Q2 2026, shows $73.1M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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