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CUBE vs EXR
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Industrial
CUBE vs EXR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Industrial | REIT - Industrial |
| Market Cap | $8.93B | $29.52B |
| Revenue (TTM) | $1.13B | $3.38B |
| Net Income (TTM) | $327M | $974M |
| Gross Margin | 5.8% | 28.4% |
| Operating Margin | 29.5% | 44.1% |
| Forward P/E | 27.7x | 30.1x |
| Total Debt | $3.53B | $14.97B |
| Cash & Equiv. | $6M | $139M |
CUBE vs EXR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| CubeSmart (CUBE) | 100 | 137.6 | +37.6% |
| Extra Space Storage… (EXR) | 100 | 144.5 | +44.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CUBE vs EXR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CUBE carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 16 yrs, beta 0.53, yield 5.3%
- Rev growth 5.3%, EPS growth -15.1%, 3Y rev CAGR 3.6%
- PEG 2.42 vs EXR's 6.91
EXR is the clearest fit if your priority is long-term compounding and sleep-well-at-night.
- 106.5% 10Y total return vs CUBE's 73.8%
- Lower volatility, beta 0.52, current ratio 1.28x
- Beta 0.52, yield 4.6%, current ratio 1.28x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 5.3% FFO/revenue growth vs EXR's 1.2% | |
| Value | Lower P/E (27.7x vs 30.1x), PEG 2.42 vs 6.91 | |
| Quality / Margins | 28.9% margin vs EXR's 28.8% | |
| Stability / Safety | Beta 0.52 vs CUBE's 0.53, lower leverage | |
| Dividends | 5.3% yield, 16-year raise streak, vs EXR's 4.6% | |
| Momentum (1Y) | -2.1% vs CUBE's -3.6% | |
| Efficiency (ROA) | 4.9% ROA vs EXR's 3.3%, ROIC 5.5% vs 3.9% |
CUBE vs EXR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
CUBE vs EXR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
EXR leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
EXR is the larger business by revenue, generating $3.4B annually — 3.0x CUBE's $1.1B. Profitability is closely matched — net margins range from 28.9% (CUBE) to 28.8% (EXR). On growth, EXR holds the edge at +9.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $1.1B | $3.4B |
| EBITDAEarnings before interest/tax | $597M | $2.2B |
| Net IncomeAfter-tax profit | $327M | $974M |
| Free Cash FlowCash after capex | $611M | $1.8B |
| Gross MarginGross profit ÷ Revenue | +5.8% | +28.4% |
| Operating MarginEBIT ÷ Revenue | +29.5% | +44.1% |
| Net MarginNet income ÷ Revenue | +28.9% | +28.8% |
| FCF MarginFCF ÷ Revenue | +54.0% | +54.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +3.3% | +9.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -7.7% | +4.8% |
Valuation Metrics
CUBE leads this category, winning 6 of 7 comparable metrics.
Valuation Metrics
At 26.8x trailing earnings, CUBE trades at a 12% valuation discount to EXR's 30.5x P/E. Adjusting for growth (PEG ratio), CUBE offers better value at 2.35x vs EXR's 7.00x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $8.9B | $29.5B |
| Enterprise ValueMkt cap + debt − cash | $12.5B | $44.4B |
| Trailing P/EPrice ÷ TTM EPS | 26.83x | 30.46x |
| Forward P/EPrice ÷ next-FY EPS est. | 27.65x | 30.07x |
| PEG RatioP/E ÷ EPS growth rate | 2.35x | 7.00x |
| EV / EBITDAEnterprise value multiple | 17.62x | 20.12x |
| Price / SalesMarket cap ÷ Revenue | 7.95x | 8.74x |
| Price / BookPrice ÷ Book value/share | 3.23x | 2.07x |
| Price / FCFMarket cap ÷ FCF | 15.75x | 16.14x |
Profitability & Efficiency
CUBE leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
CUBE delivers a 11.7% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $7 for EXR. EXR carries lower financial leverage with a 1.05x debt-to-equity ratio, signaling a more conservative balance sheet compared to CUBE's 1.27x. On the Piotroski fundamental quality scale (0–9), EXR scores 5/9 vs CUBE's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +11.7% | +6.7% |
| ROA (TTM)Return on assets | +4.9% | +3.3% |
| ROICReturn on invested capital | +5.5% | +3.9% |
| ROCEReturn on capital employed | +7.3% | +5.4% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 1.27x | 1.05x |
| Net DebtTotal debt minus cash | $3.5B | $14.8B |
| Cash & Equiv.Liquid assets | $6M | $139M |
| Total DebtShort + long-term debt | $3.5B | $15.0B |
| Interest CoverageEBIT ÷ Interest expense | 3.90x | 2.68x |
Total Returns (Dividends Reinvested)
EXR leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CUBE five years ago would be worth $11,718 today (with dividends reinvested), compared to $11,680 for EXR. Over the past 12 months, EXR leads with a -2.1% total return vs CUBE's -3.6%. The 3-year compound annual growth rate (CAGR) favors EXR at 1.0% vs CUBE's -0.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +13.6% | +8.0% |
| 1-Year ReturnPast 12 months | -3.6% | -2.1% |
| 3-Year ReturnCumulative with dividends | -1.6% | +2.9% |
| 5-Year ReturnCumulative with dividends | +17.2% | +16.8% |
| 10-Year ReturnCumulative with dividends | +73.8% | +106.5% |
| CAGR (3Y)Annualised 3-year return | -0.5% | +1.0% |
Risk & Volatility
EXR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
EXR is the less volatile stock with a 0.52 beta — it tends to amplify market swings less than CUBE's 0.53 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.53x | 0.52x |
| 52-Week HighHighest price in past year | $44.13 | $155.19 |
| 52-Week LowLowest price in past year | $35.09 | $125.71 |
| % of 52W HighCurrent price vs 52-week peak | +88.8% | +90.1% |
| RSI (14)Momentum oscillator 0–100 | 49.8 | 48.0 |
| Avg Volume (50D)Average daily shares traded | 2.2M | 1.1M |
Analyst Outlook
CUBE leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CUBE as "Hold" and EXR as "Hold". Consensus price targets imply 6.7% upside for EXR (target: $149) vs 5.9% for CUBE (target: $42). For income investors, CUBE offers the higher dividend yield at 5.31% vs EXR's 4.64%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $41.50 | $149.13 |
| # AnalystsCovering analysts | 29 | 28 |
| Dividend YieldAnnual dividend ÷ price | +5.3% | +4.6% |
| Dividend StreakConsecutive years of raises | 16 | 0 |
| Dividend / ShareAnnual DPS | $2.08 | $6.49 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.4% | +0.5% |
EXR leads in 3 of 6 categories (Income & Cash Flow, Total Returns). CUBE leads in 3 (Valuation Metrics, Profitability & Efficiency).
CUBE vs EXR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CUBE or EXR a better buy right now?
For growth investors, CubeSmart (CUBE) is the stronger pick with 5.
3% revenue growth year-over-year, versus 1. 2% for Extra Space Storage Inc. (EXR). CubeSmart (CUBE) offers the better valuation at 26. 8x trailing P/E (27. 7x forward), making it the more compelling value choice. Analysts rate CubeSmart (CUBE) a "Hold" — based on 29 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CUBE or EXR?
On trailing P/E, CubeSmart (CUBE) is the cheapest at 26.
8x versus Extra Space Storage Inc. at 30. 5x. On forward P/E, CubeSmart is actually cheaper at 27. 7x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: CubeSmart wins at 2. 42x versus Extra Space Storage Inc. 's 6. 91x.
03Which is the better long-term investment — CUBE or EXR?
Over the past 5 years, CubeSmart (CUBE) delivered a total return of +17.
2%, compared to +16. 8% for Extra Space Storage Inc. (EXR). Over 10 years, the gap is even starker: EXR returned +106. 5% versus CUBE's +73. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CUBE or EXR?
By beta (market sensitivity over 5 years), Extra Space Storage Inc.
(EXR) is the lower-risk stock at 0. 52β versus CubeSmart's 0. 53β — meaning CUBE is approximately 3% more volatile than EXR relative to the S&P 500. On balance sheet safety, Extra Space Storage Inc. (EXR) carries a lower debt/equity ratio of 105% versus 127% for CubeSmart — giving it more financial flexibility in a downturn.
05Which is growing faster — CUBE or EXR?
By revenue growth (latest reported year), CubeSmart (CUBE) is pulling ahead at 5.
3% versus 1. 2% for Extra Space Storage Inc. (EXR). On earnings-per-share growth, the picture is similar: Extra Space Storage Inc. grew EPS 13. 9% year-over-year, compared to -15. 1% for CubeSmart. Over a 3-year CAGR, EXR leads at 19. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CUBE or EXR?
CubeSmart (CUBE) is the more profitable company, earning 29.
7% net margin versus 28. 8% for Extra Space Storage Inc. — meaning it keeps 29. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EXR leads at 44. 1% versus 40. 0% for CUBE. At the gross margin level — before operating expenses — EXR leads at 28. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CUBE or EXR more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, CubeSmart (CUBE) is the more undervalued stock at a PEG of 2. 42x versus Extra Space Storage Inc. 's 6. 91x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, CubeSmart (CUBE) trades at 27. 7x forward P/E versus 30. 1x for Extra Space Storage Inc. — 2. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for EXR: 6. 7% to $149. 13.
08Which pays a better dividend — CUBE or EXR?
All stocks in this comparison pay dividends.
CubeSmart (CUBE) offers the highest yield at 5. 3%, versus 4. 6% for Extra Space Storage Inc. (EXR).
09Is CUBE or EXR better for a retirement portfolio?
For long-horizon retirement investors, Extra Space Storage Inc.
(EXR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 52), 4. 6% yield, +106. 5% 10Y return). Both have compounded well over 10 years (EXR: +106. 5%, CUBE: +73. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CUBE and EXR?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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