• CubeSmart average net profit margin for 2023 was 36.83%, a 40.3% increase from 2022.
• CubeSmart average net profit margin for 2022 was 26.25%, a 0.96% increase from 2021.
• CubeSmart average net profit margin for 2021 was 26%, a 4.29% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.