What is CubeSmart Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CubeSmart's interest expense for the
three
months ended in Dec. 2023 was USD -23 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was USD-93 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. CubeSmart's Operating Income for the
three
months ended in Dec. 2023 was USD 129 Mil. CubeSmart's Interest Expense for the
three
months ended in Dec. 2023 was USD -23 Mil.
CubeSmart's Interest Coverage for the quarter that ended in Dec. 2023 was 5.71.
The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
CubeSmart Interest Expense Calculation
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was USD-93 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CubeSmart (NYSE:CUBE) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
CubeSmart's Interest Expense for the
three
months ended in Dec. 2023 was USD-23 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was USD129 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was USD2,970 Mil.
CubeSmart's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's financial strength is.
CubeSmart (CubeSmart) Business Description
Traded in Other Exchanges
Address
5 Old Lancaster Road, Malvern, PA, USA, 19355
CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. CubeSmart derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
Executives
| Christopher P Marr |
officer: Chief Financial Officer |
460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087 |
| Jeffrey P Foster |
officer: Sr. VP - Chief Legal Officer |
460 EAST SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087 |
| Timothy M Martin |
officer: SVP & Chief Accounting Officer |
460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087 |
| Matthew D Denarie |
officer: Chief Accounting Officer |
5 OLD LANCASTER ROAD, MALVERN PA 19355 |
| Jennifer Schulte |
officer: Chief Human Resources Officer |
5 OLD LANCASTER ROAD, MALVERN PA 19355 |
| Jit Kee Chin |
director |
ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110 |
| Jair K Lynch |
director |
5 OLD LANCASTER RD, MALVERN PA 19355 |
| Joel D Keaton |
officer: Sr VP of Operations |
5 OLD LANCASTER ROAD, MALVERN PA 19355 |
| Marianne M Keler |
director |
12061 BLUEMONT WAY, RESTON VA 20190 |
| Jonathan L Perry |
officer: SVP and CIO |
5 OLD LANCASTER ROAD, MALVERN PA 19355 |
| Dororthy Dowling |
director |
5 OLD LANCASTER ROAD, MALVERN PA 19355 |
| Diefenderfer William M Iii |
director |
300 CONTINENTAL DRIVE, NEWARK DE 19713 |
| Dean Jernigan |
director, officer: CEO and President |
C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031 |
| Deborah Ratnersalzberg |
director |
301 WATER ST SE SUITE 201, WASHINGTON DC 20003 |
| John W Fain |
director |
1000 SEMMES AVE, RICHMOND VA 23224 |
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