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Cubesmart balance sheet

At the end of fiscal 2025, Cubesmart had total assets of $6.64bn, total liabilities of $3.86bn and shareholders' equity of $2.72bn. It held $5.8m in cash against $0 of debt: net cash of $5.8m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash and equivalents54554116772614
Total assets3,5453,7534,0304,7786,5486,3266,2256,3946,6436,546
Total debt1,6001,7471,9322,365—00000
Total liabilities1,8561,9812,1602,6883,5503,4283,3443,4403,8614,014
Shareholders' equity1,6291,7101,7991,8322,8722,8262,7992,8722,7192,477
Non-controlling interests and other (assets − liabilities − equity)———258——————
Net debt (negative = net cash)1,5951,7431,8772,361−11−6−7−72−6−14
Shares outstanding182m187m194m197m224m225m225m228m227m223m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Cubesmart's SEC filings (10-K and 10-Q), retrieved October 31, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cubesmart.