CubeSmart
CUBE · Industrial REITs
$40.16
0.0%Prologis
PLD · Industrial REITs
$126.45
0.2%The short version
- Prologis is the larger business, with $8.8B of revenue in fiscal 2025 against $1.1B for CubeSmart, about 7.8 times as much.
- Prologis grew revenue faster (7.2%, against 5.3%).
- Investors pay more for each dollar of Prologis’s earnings: a P/E of 31.9x against 28.1x for CubeSmart.
| Latest fiscal year | CUBE · FY25 | PLD · FY25 |
|---|---|---|
| Size | ||
| Market cap | $9.2B | $121.1B |
| Revenue | $1.1B | $8.8B |
| Free cash flow | — | — |
| Net income | $331M | $3.3B |
| Growth | ||
| Revenue growth | 5.3% | 7.2% |
| 5-year growth | 10.6% | 14.6% |
| Share count change | 0.9% | 0.3% |
| Profitability | ||
| Gross margin | 68.7% | — |
| Operating margin | — | 49.6% |
| Net margin | 29.5% | 37.9% |
| FCF margin | — | — |
| Return on capital | — | 4.6% |
| Return on equity | 11.9% | 6.2% |
| Balance sheet | ||
| Net debt | — | $33.9B |
| Net debt / EBITDA | — | 4.9x |
| Dividends and buybacks | $508M | $3.8B |
| Valuation & quality | ||
| P/E | 28.1x | 31.9x |
| Piotroski F-score | — | — |
FY16
CUBE —
PLD $2.5B
FY17
CUBE $559M
PLD $2.6B
FY18
CUBE $598M
PLD $2.8B
FY19
CUBE $644M
PLD $3.3B
FY20
CUBE $679M
PLD $4.4B
FY21
CUBE $823M
PLD $4.8B
FY22
CUBE $1.0B
PLD $6.0B
FY23
CUBE $1.1B
PLD $8.0B
FY24
CUBE $1.1B
PLD $8.2B
FY25
CUBE $1.1B
PLD $8.8B
CUBE
PLD
FY16
CUBE —
PLD 26.4%
FY17
CUBE 35.0%
PLD 74.6%
FY18
CUBE —
PLD 60.2%
FY19
CUBE —
PLD 55.5%
FY20
CUBE —
PLD 47.7%
FY21
CUBE —
PLD 67.4%
FY22
CUBE —
PLD 58.1%
FY23
CUBE —
PLD 46.2%
FY24
CUBE —
PLD 53.8%
FY25
CUBE —
PLD 49.6%
CUBE
PLD
FY16
CUBE —
PLD —
FY17
CUBE $211M
PLD —
FY18
CUBE $76.8M
PLD —
FY19
CUBE $213M
PLD —
FY20
CUBE —
PLD —
FY21
CUBE —
PLD —
FY22
CUBE —
PLD —
FY23
CUBE —
PLD —
FY24
CUBE —
PLD —
FY25
CUBE —
PLD —
CUBE
PLD
FY16
CUBE —
PLD 2.2%
FY17
CUBE —
PLD 6.8%
FY18
CUBE —
PLD 5.1%
FY19
CUBE —
PLD 4.8%
FY20
CUBE —
PLD 4.4%
FY21
CUBE —
PLD 5.7%
FY22
CUBE —
PLD 4.9%
FY23
CUBE —
PLD 4.2%
FY24
CUBE —
PLD 4.9%
FY25
CUBE —
PLD 4.6%
CUBE
PLD
Add another company
Compare up to four at once.
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.