271M 1.8%
Total Revenue QoQ (USD) - Q3 '24

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Income Statement (USD)

Q3 '24 QoQ
Revenue 271M 1.8%
Gross Profit 189M 3.2%
Cost of Revenue 82M 1.5%
Operating expense 65M 0.3%
Net Income 101M 7.3%
EBITDA 175M 3.7%

Balance Sheet (USD)

Q3 '24 QoQ
Total Assets 6.19B 0.1%
Total Liabilities 3.32B 0.5%
Total Equity 2.79B 0.6%
Shares Outstanding 226M 0.4%

Cash Flow (USD)

Q3 '24 QoQ
Cash from operations 145M 14.9%
Cash from investing -18M 10.1%
Cash from financing -89M 41%

EPS

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Financial Highlights for CubeSmart in Q3 '24

CubeSmart reported a revenue of 271M, which is a 1.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.

Gross Profit stood at 189M, marking a 3.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 82M, a -1.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.

Operating Expenses for this period were 65M, showing a -0.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.

Net Income for the quarter was 101M, showing a 7.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.

The company's EBITDA for the quarter was 175M, showing a 3.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.

It was a positive quarter for CubeSmart with growth in revenue, gross profit, and net income.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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