CubeSmart (CubeSmart) Cash And Cash Equivalents : $7 Mil (As of Dec. 2023)

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What is CubeSmart Cash And Cash Equivalents?

CubeSmart's quarterly cash and cash equivalents declined from Jun. 2023 ($9.22 Mil) to Sep. 2023 ($8.03 Mil) but then stayed the same from Sep. 2023 ($8.03 Mil) to Dec. 2023 ($6.53 Mil).

CubeSmart's annual cash and cash equivalents declined from Dec. 2021 ($11.14 Mil) to Dec. 2022 ($6.06 Mil) but then increased from Dec. 2022 ($6.06 Mil) to Dec. 2023 ($6.53 Mil).

CubeSmart Cash And Cash Equivalents Historical Data

The historical data trend for CubeSmart's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CubeSmart Cash And Cash Equivalents Chart

CubeSmart Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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54.86

3.59

11.14

6.06

6.53

CubeSmart Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															6.06	5.51	9.22	8.03	6.53

CubeSmart Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

CubeSmart (NYSE:CUBE) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

CubeSmart Cash And Cash Equivalents Related Terms

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CubeSmart (CubeSmart) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CubeSmart (NYSE:CUBE) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

UK8:Germany UK8:Germany

Address

5 Old Lancaster Road, Malvern, PA, USA, 19355

Website

https://www.cubesmart.com

CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. CubeSmart derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.

Executives

Christopher P Marr	officer: Chief Financial Officer	460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087
Jeffrey P Foster	officer: Sr. VP - Chief Legal Officer	460 EAST SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087
Timothy M Martin	officer: SVP & Chief Accounting Officer	460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087
Matthew D Denarie	officer: Chief Accounting Officer	5 OLD LANCASTER ROAD, MALVERN PA 19355
Jennifer Schulte	officer: Chief Human Resources Officer	5 OLD LANCASTER ROAD, MALVERN PA 19355
Jit Kee Chin	director	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jair K Lynch	director	5 OLD LANCASTER RD, MALVERN PA 19355
Joel D Keaton	officer: Sr VP of Operations	5 OLD LANCASTER ROAD, MALVERN PA 19355
Marianne M Keler	director	12061 BLUEMONT WAY, RESTON VA 20190
Jonathan L Perry	officer: SVP and CIO	5 OLD LANCASTER ROAD, MALVERN PA 19355
Dororthy Dowling	director	5 OLD LANCASTER ROAD, MALVERN PA 19355
Diefenderfer William M Iii	director	300 CONTINENTAL DRIVE, NEWARK DE 19713
Dean Jernigan	director, officer: CEO and President	C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Deborah Ratnersalzberg	director	301 WATER ST SE SUITE 201, WASHINGTON DC 20003
John W Fain	director	1000 SEMMES AVE, RICHMOND VA 23224