CubeSmart
CUBE · Industrial REITs
$40.16
0.0%Rexford Industrial Realty
REXR · Industrial REITs
$38.71
6.7%The short version
- CubeSmart is the larger business, with $1.1B of revenue in fiscal 2025 against $1.0B for Rexford Industrial Realty.
- Rexford Industrial Realty grew revenue faster (7.1%, against 5.3%).
| Latest fiscal year | CUBE · FY25 | REXR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $9.2B | $8.7B |
| Revenue | $1.1B | $1.0B |
| Free cash flow | — | $209M |
| Net income | $331M | $212M |
| Growth | ||
| Revenue growth | 5.3% | 7.1% |
| 5-year growth | 10.6% | 24.9% |
| Share count change | 0.9% | 6.5% |
| Profitability | ||
| Gross margin | 68.7% | — |
| Operating margin | — | — |
| Net margin | 29.5% | 21.1% |
| FCF margin | — | 20.8% |
| Return on capital | — | — |
| Return on equity | 11.9% | 2.5% |
| Balance sheet | ||
| Net debt | — | $3.1B |
| Net debt / EBITDA | — | — |
| Dividends and buybacks | $508M | $648M |
| Valuation & quality | ||
| P/E | 28.1x | — |
| Piotroski F-score | — | — |
FY16
CUBE —
REXR $126M
FY17
CUBE $559M
REXR $161M
FY18
CUBE $598M
REXR $213M
FY19
CUBE $644M
REXR $267M
FY20
CUBE $679M
REXR $330M
FY21
CUBE $823M
REXR $452M
FY22
CUBE $1.0B
REXR $631M
FY23
CUBE $1.1B
REXR $798M
FY24
CUBE $1.1B
REXR $936M
FY25
CUBE $1.1B
REXR $1.0B
CUBE
REXR
FY16
CUBE —
REXR —
FY17
CUBE 35.0%
REXR —
FY18
CUBE —
REXR —
FY19
CUBE —
REXR —
FY20
CUBE —
REXR —
FY21
CUBE —
REXR —
FY22
CUBE —
REXR —
FY23
CUBE —
REXR —
FY24
CUBE —
REXR —
FY25
CUBE —
REXR —
CUBE
REXR
FY16
CUBE —
REXR $24.5M
FY17
CUBE $211M
REXR $34.3M
FY18
CUBE $76.8M
REXR $44.8M
FY19
CUBE $213M
REXR $92.3M
FY20
CUBE —
REXR $104M
FY21
CUBE —
REXR $129M
FY22
CUBE —
REXR $193M
FY23
CUBE —
REXR $161M
FY24
CUBE —
REXR $106M
FY25
CUBE —
REXR $209M
CUBE
REXR
FY16
CUBE —
REXR —
FY17
CUBE —
REXR —
FY18
CUBE —
REXR —
FY19
CUBE —
REXR —
FY20
CUBE —
REXR —
FY21
CUBE —
REXR —
FY22
CUBE —
REXR —
FY23
CUBE —
REXR —
FY24
CUBE —
REXR —
FY25
CUBE —
REXR —
CUBE
REXR
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