Net margin is calculated as Net Income divided by its Revenue. CubeSmart's Net Income for the
three
months ended in Jun. 2022 was $58.4 Mil. CubeSmart's Revenue for the
three
months ended in Jun. 2022 was $248.7 Mil. Therefore, CubeSmart's net margin for the quarter that ended in Jun. 2022 was 23.47%.
The historical rank and industry rank for CubeSmart's Net Margin % or its related term are showing as below:
CUBE'
s Net Margin % Range Over the Past 10 Years
Min: 0.68 Med: 20.76 Max: 27.41
Current: 24.9
CUBE's Net Margin % is ranked worse than 68.82% of 773
companies
in the REITs industry
Industry Median: 47.27
vs CUBE: 24.90
CubeSmart Net Margin % Historical Data
The historical data trend for CubeSmart's Net Margin % 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 Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Net Margin %
24.03
27.41
26.26
24.39
27.17
CubeSmart Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Net Margin %
24.47
41.23
20.44
15.99
23.47
Competitive Comparison
For the REIT - Industrial subindustry, CubeSmart's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CubeSmart Net Margin % Distribution
For the REITs industry and Real Estate sector, CubeSmart's Net Margin % distribution charts can be found below:
* The bar in red indicates where CubeSmart's Net Margin % falls into.
CubeSmart Net Margin % Calculation
Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.
CubeSmart's Net Margin for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
CubeSmart (NYSE:CUBE) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
CubeSmart Net Margin % Related Terms
Thank you for viewing the detailed overview of CubeSmart's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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