Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. CubeSmart's annualizedGross Profit for the quarter that ended in Dec. 2023 was $775 Mil.
CubeSmart's average Total Assets over the quarter that ended in Dec. 2023 was $6,229 Mil. Therefore, CubeSmart's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 12.45%.
CubeSmart Gross-Profit-to-Asset % Historical Data
The historical data trend for CubeSmart's Gross-Profit-to-Asset % can be seen below:
* 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.
Competitive Comparison of CubeSmart's Gross-Profit-to-Asset %
For the REIT - Industrial subindustry, CubeSmart's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CubeSmart's Gross-Profit-to-Asset % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, CubeSmart's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where CubeSmart's Gross-Profit-to-Asset % falls into.
CubeSmart Gross-Profit-to-Asset % Calculation
CubeSmart's annualized Gross-Profit-to-Asset % for the fiscal year 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.
In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Gross Profit data used here is four times the quarterly (Dec. 2023) data.
Gross-Profit-to-Asset % is displayed in the 30-year financial page.
CubeSmart Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of CubeSmart's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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