Filing Flows › CubeSmart (CUBE) › Q2 2026
CubeSmart (CUBE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
CubeSmart (CUBE) reported revenue of $286M for the second quarter 2026 (Q2 2026), +1% from a year earlier and +2% from the quarter before. Operating margin was 41.0%, net earnings $89.6M (31.3% of revenue).
CubeSmart, Q2 2026: revenue $286M (+2% year over year), operating margin 41.0%, net earnings $89.6M, operating cash flow $144M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $286M | +2% | +1% |
| Operating profit | $117M | +4% | +5% |
| Net earnings | $89.6M | +8% | +8% |
| Operating cash flow | $144M | -3% | -8% |
| Free cash flow | $141M | +2% | -4% |
What changed
Revenue was $286.5M in Q2 2026, up 1% year over year and up 2% from the previous quarter.
Operating profit was $117.4M, a 41.0% margin (up 1.3 points year over year). Of the extra revenue versus Q2 2025, 131% reached operating profit, above the 40% margin then. Total costs fell 1% while revenue rose 1%. The fastest-growing cost line was General & admin (+16%). Net earnings were $89.6M, up 8% year over year. The effective tax rate was 0.0%.
Operating cash flow was $144.3M (down 8% year over year), 161% of net earnings. Non-cash charges added back $56.9M of depreciation and amortization and $3.3M of share-based compensation. Capital expenditures of $3.0M left free cash flow of $141.3M.
Questions
What was CubeSmart's revenue in the second quarter 2026?
CubeSmart (CUBE) reported revenue of $286M for the second quarter 2026 (Q2 2026), +1% from a year earlier and +2% from the quarter before.
Was CubeSmart profitable in the second quarter 2026?
Operating profit was $117M (41.0% of revenue) and net earnings $89.6M.
Source: CubeSmart 10-Q on SEC EDGAR.