• CubeSmart average return on tangible equity for 2023 was 13.56, a 46.75% increase from 2022.
• CubeSmart average return on tangible equity for 2022 was 9.24, a 10.72% increase from 2021.
• CubeSmart average return on tangible equity for 2021 was 10.35, a 11.65% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.