CubeSmart (CUBE)

Solvency & Capital Structure

Total Debt

$3.54B

Net Debt

$3.53B

CubeSmart currently has $3.54B in total debt. Net debt is $3.53B after cash offsets.

Financial Fundamentals

CUBE • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	3.54	0.01	3.53	6.58	53.8%
2026-03-31	3.51	0.01	3.50	6.60	53.1%
2025-12-31	3.53	0.01	3.53	6.64	53.2%
2025-09-30	3.49	0.11	3.39	6.76	51.7%
2025-06-30	3.42	0.01	3.41	6.71	51.0%
2025-03-31	3.44	0.01	3.42	6.74	51.0%
2024-12-31	3.05	0.07	2.98	6.39	47.7%
2024-09-30	2.94	0.04	2.90	6.19	47.5%
2024-06-30	2.95	0.01	2.94	6.18	47.7%
2024-03-31	2.99	0.01	2.98	6.21	48.1%
2023-12-31	2.99	0.01	2.98	6.23	48.0%
2023-09-30	2.99	0.01	2.98	6.23	47.9%
2023-06-30	3.03	0.01	3.02	6.28	48.3%
2023-03-31	3.06	0.01	3.06	6.29	48.7%
2022-12-31	3.06	0.01	3.06	6.33	48.4%
2022-09-30	3.09	0.01	3.08	6.37	48.5%
2022-06-30	3.17	0.01	3.17	6.43	49.3%
2022-03-31	3.19	0.01	3.18	6.46	49.3%
2021-12-31	3.21	0.01	3.20	6.55	49.0%
2021-09-30	2.27	0.02	2.25	4.84	46.9%
2021-06-30	2.29	0.00	2.29	4.77	48.0%
2021-03-31	2.32	0.00	2.32	4.75	48.8%
2020-12-31	2.43	0.00	2.43	4.78	50.9%
2020-09-30	1.97	0.00	1.96	4.03	48.9%
2020-06-30	1.95	0.00	1.94	4.02	48.4%
2020-03-31	1.93	0.04	1.90	4.00	48.3%
2019-12-31	1.93	0.05	1.88	4.03	47.9%
2019-09-30	1.82	0.01	1.82	3.95	46.2%
2019-06-30	1.85	0.01	1.84	3.95	46.9%
2019-03-31	1.79	0.00	1.79	3.81	47.0%
2018-12-31	1.75	0.00	1.74	3.75	46.6%
2018-09-30	1.65	0.00	1.64	3.64	45.2%
2018-06-30	1.60	0.01	1.59	3.58	44.6%
2018-03-31	1.69	0.01	1.68	3.57	47.4%
2017-12-31	1.63	0.01	1.63	3.55	46.1%
2017-09-30	1.62	0.01	1.61	3.50	46.3%
2017-06-30	1.61	0.01	1.61	3.49	46.2%
2017-03-31	1.60	0.00	1.60	3.47	46.1%
2016-12-31	1.60	0.00	1.59	3.48	45.9%
2016-09-30	1.55	0.09	1.47	3.52	44.1%
2016-06-30	1.43	0.00	1.43	3.36	42.5%
2016-03-31	1.30	0.00	1.29	3.21	40.4%
2015-12-31	1.25	0.06	1.19	3.11	40.2%
2015-09-30	1.19	0.00	1.19	2.93	40.6%
2015-06-30	1.20	0.00	1.20	2.86	42.0%
2015-03-31	1.18	0.00	1.17	2.81	41.9%
2014-12-31	1.17	0.00	1.17	2.79	42.1%
2014-09-30	1.12	0.03	1.08	2.54	43.8%
2014-06-30	1.18	0.01	1.17	2.50	47.2%
2014-03-31	1.20	0.00	1.19	2.44	49.0%
2013-12-31	1.14	0.00	1.14	2.36	48.3%
2013-09-30	1.04	0.00	1.04	2.20	47.4%
2013-06-30	1.07	0.00	1.07	2.20	48.9%
2013-03-31	1.01	0.00	1.00	2.11	47.6%
2012-12-31	1.02	0.00	1.02	2.15	47.6%
2012-09-30	1.07	0.00	1.07	2.17	49.6%
2012-06-30	0.99	0.14	0.86	2.09	47.6%
2012-03-31	0.84	0.01	0.83	1.94	43.2%
2011-12-31	0.76	0.01	0.75	1.88	40.4%
2011-09-30	0.65	0.01	0.63	1.50	43.0%
2011-06-30	0.66	0.00	0.65	1.51	43.5%
2011-03-31	0.62	0.00	0.62	1.48	42.2%
2010-12-31	0.62	0.01	0.61	1.48	41.6%
2010-09-30	0.66	0.02	0.63	1.50	43.8%
2010-06-30	0.67	0.03	0.63	1.49	44.8%
2010-03-31	0.68	0.04	0.64	1.50	45.5%
2009-12-31	1.34	0.10	1.24	1.60	83.7%
2009-09-30	0.73	0.06	0.67	1.57	46.5%
2009-06-30	0.94	0.00	0.94	1.56	60.4%
2009-03-31	0.97	0.00	0.96	1.58	61.3%
2008-12-31	0.98	0.00	0.97	1.60	61.2%
2008-09-30	0.00	0.00	-0.00Net Cash	1.62	0.0%
2008-06-30	0.00	0.00	-0.00Net Cash	1.66	0.0%
2008-03-31	1.09	0.01	1.08	1.68	64.8%
2007-12-31	1.03	0.00	1.02	1.69	60.9%
2007-09-30	0.97	0.01	0.97	1.70	57.2%
2007-06-30	1.00	0.00	1.00	1.59	62.9%
2007-03-31	0.89	0.01	0.89	1.61	55.6%
2006-12-31	0.88	0.02	0.86	1.62	54.4%
2006-09-30	0.86	0.02	0.85	1.62	53.2%
2006-06-30	0.86	0.01	0.85	1.55	55.5%
2006-03-31	0.72	0.02	0.70	1.51	47.6%
2005-12-31	0.67	0.20	0.47	1.48	45.2%
2005-09-30	0.74	0.01	0.73	1.19	62.2%
2005-06-30	0.49	0.01	0.48	0.88	55.6%
2005-03-31	0.42	0.01	0.41	0.82	51.5%
2004-12-31	0.38	0.03	0.35	0.78	49.1%
2004-09-30	0.55	0.00	0.55	0.54	102.9%
2004-06-30	0.43	-0.00	0.43	0.76	56.0%
2003-12-31	0.27	0.01	0.26	0.41	66.0%