Filing Flows › CubeSmart (CUBE) › Q2 2026 › vs Q2 2025
CubeSmart (CUBE) Q2 2026 vs Q2 2025 (year over year)
CubeSmart's revenue rose $4.2M (+1%) from $282M in Q2 2025 to $286M in Q2 2026. Operating margin 41.0% against 39.6% (+1.3 pts).
CubeSmart, Q2 2026: revenue $286M (+2% year over year), operating margin 41.0%, net earnings $89.6M, operating cash flow $144M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 41.0% | 39.6% | +1.3 pts |
| Net margin | 31.3% | 29.4% | +1.9 pts |
| Free cash flow margin | 49.3% | 52.2% | -2.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $286M | $282M | $4.2M | +1% |
| Operating profit | $117M | $112M | $5.5M | +5% |
| Costs & expenses | $169M | $170M | −$1.3M | -0.8% |
| Pre-tax earnings | $89.5M | $82.4M | $7.0M | +9% |
| Other expense, net | $27.9M | $29.5M | −$1.5M | -5% |
| Cost of revenue | $96.0M | $89.0M | $7.0M | +8% |
| General & admin | $17.2M | $14.9M | $2.3M | +16% |
| Other operating costs | $55.8M | $66.5M | −$10.6M | -16% |
| Loss borne by minority interests | $125K | $528K | −$403K | -76% |
| Net earnings | $89.6M | $83.0M | $6.6M | +8% |
| Depreciation & amortization | $56.9M | $67.7M | −$10.8M | -16% |
| Share-based compensation | $3.3M | $2.5M | $816K | +33% |
| Working capital & other | $5.5M | −$4.3M | $9.8M | — |
| Operating cash flow | $144M | $157M | −$13.1M | -8% |
| Free cash flow (OCF − capex) | $141M | $147M | −$5.9M | -4% |
| Capital expenditures | $3.0M | $10.2M | −$7.2M | -71% |
Questions
How much did CubeSmart's revenue grow year over year in Q2 2026?
CubeSmart's revenue rose $4.2M (+1%) from $282M in Q2 2025 to $286M in Q2 2026. Operating margin 41.0% against 39.6% (+1.3 pts).