• CubeSmart average ebit margin for 2023 was 43.37%, a 27.71% increase from 2022.
• CubeSmart average ebit margin for 2022 was 33.96%, a 7.34% increase from 2021.
• CubeSmart average ebit margin for 2021 was 36.65%, a 0.58% decline from 2020.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues