CubeSmart
CUBE · Industrial REITs
$40.16
0.0%First Industrial Realty Trust
FR · Industrial REITs
$54.44
1.5%The short version
- CubeSmart is the larger business, with $1.1B of revenue in fiscal 2025 against $727M for First Industrial Realty Trust, about 1.5 times as much.
- First Industrial Realty Trust grew revenue faster (8.6%, against 5.3%).
- Investors pay more for each dollar of CubeSmart’s earnings: a P/E of 28.1x against 19.8x for First Industrial Realty Trust.
| Latest fiscal year | CUBE · FY25 | FR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $9.2B | $7.2B |
| Revenue | $1.1B | $727M |
| Free cash flow | — | — |
| Net income | $331M | $247M |
| Growth | ||
| Revenue growth | 5.3% | 8.6% |
| 5-year growth | 10.6% | 10.2% |
| Share count change | 0.9% | 0.1% |
| Profitability | ||
| Gross margin | 68.7% | — |
| Operating margin | — | — |
| Net margin | 29.5% | 34.0% |
| FCF margin | — | — |
| Return on capital | — | — |
| Return on equity | 11.9% | 9.3% |
| Balance sheet | ||
| Net debt | — | — |
| Net debt / EBITDA | — | — |
| Dividends and buybacks | $508M | $231M |
| Valuation & quality | ||
| P/E | 28.1x | 19.8x |
| Piotroski F-score | — | — |
FY16
CUBE —
FR $378M
FY17
CUBE $559M
FR $396M
FY18
CUBE $598M
FR $404M
FY19
CUBE $644M
FR $426M
FY20
CUBE $679M
FR $448M
FY21
CUBE $823M
FR $476M
FY22
CUBE $1.0B
FR $540M
FY23
CUBE $1.1B
FR $614M
FY24
CUBE $1.1B
FR $670M
FY25
CUBE $1.1B
FR $727M
CUBE
FR
FY16
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FY17
CUBE 35.0%
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FY18
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FY16
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FY17
CUBE $211M
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FY18
CUBE $76.8M
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FY19
CUBE $213M
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.