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

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.