REIT - Specialty
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2 / 10Stock Comparison
IRM vs CUBE
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Industrial
IRM vs CUBE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Specialty | REIT - Industrial |
| Market Cap | $39.29B | $9.18B |
| Revenue (TTM) | $7.25B | $1.13B |
| Net Income (TTM) | $272M | $327M |
| Gross Margin | 55.0% | 5.8% |
| Operating Margin | 18.0% | 29.5% |
| Forward P/E | 58.6x | 28.4x |
| Total Debt | $19.05B | $3.53B |
| Cash & Equiv. | $159M | $6M |
IRM vs CUBE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Iron Mountain Incor… (IRM) | 100 | 512.7 | +412.7% |
| CubeSmart (CUBE) | 100 | 141.5 | +41.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: IRM vs CUBE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
IRM is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 12.2%, EPS growth -19.7%, 3Y rev CAGR 10.6%
- 314.2% 10Y total return vs CUBE's 75.0%
- 12.2% FFO/revenue growth vs CUBE's 5.3%
CUBE carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 16 yrs, beta 0.53, yield 5.2%
- Lower volatility, beta 0.53, current ratio 0.13x
- Beta 0.53, yield 5.2%, current ratio 0.13x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 12.2% FFO/revenue growth vs CUBE's 5.3% | |
| Value | Lower P/E (28.4x vs 58.6x) | |
| Quality / Margins | 28.9% margin vs IRM's 3.8% | |
| Stability / Safety | Beta 0.53 vs IRM's 1.10 | |
| Dividends | 5.2% yield, 16-year raise streak, vs IRM's 2.3% | |
| Momentum (1Y) | +39.7% vs CUBE's +0.9% | |
| Efficiency (ROA) | 4.9% ROA vs IRM's 1.3%, ROIC 5.5% vs 6.2% |
IRM vs CUBE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
IRM vs CUBE — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — IRM and CUBE each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
IRM is the larger business by revenue, generating $7.2B annually — 6.4x CUBE's $1.1B. CUBE is the more profitable business, keeping 28.9% of every revenue dollar as net income compared to IRM's 3.8%. On growth, IRM holds the edge at +21.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $7.2B | $1.1B |
| EBITDAEarnings before interest/tax | $2.3B | $597M |
| Net IncomeAfter-tax profit | $272M | $327M |
| Free Cash FlowCash after capex | -$625M | $611M |
| Gross MarginGross profit ÷ Revenue | +55.0% | +5.8% |
| Operating MarginEBIT ÷ Revenue | +18.0% | +29.5% |
| Net MarginNet income ÷ Revenue | +3.8% | +28.9% |
| FCF MarginFCF ÷ Revenue | -8.6% | +54.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +21.6% | +3.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +7.9% | -7.7% |
Valuation Metrics
CUBE leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
At 27.6x trailing earnings, CUBE trades at a 90% valuation discount to IRM's 269.5x P/E. On an enterprise value basis, CUBE's 18.0x EV/EBITDA is more attractive than IRM's 23.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $39.3B | $9.2B |
| Enterprise ValueMkt cap + debt − cash | $58.2B | $12.7B |
| Trailing P/EPrice ÷ TTM EPS | 269.51x | 27.59x |
| Forward P/EPrice ÷ next-FY EPS est. | 58.61x | 28.44x |
| PEG RatioP/E ÷ EPS growth rate | — | 2.41x |
| EV / EBITDAEnterprise value multiple | 23.94x | 17.98x |
| Price / SalesMarket cap ÷ Revenue | 5.69x | 8.18x |
| Price / BookPrice ÷ Book value/share | — | 3.32x |
| Price / FCFMarket cap ÷ FCF | — | 16.20x |
Profitability & Efficiency
CUBE leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | — | +11.7% |
| ROA (TTM)Return on assets | +1.3% | +4.9% |
| ROICReturn on invested capital | +6.2% | +5.5% |
| ROCEReturn on capital employed | +8.2% | +7.3% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 4 |
| Debt / EquityFinancial leverage | — | 1.27x |
| Net DebtTotal debt minus cash | $18.9B | $3.5B |
| Cash & Equiv.Liquid assets | $159M | $6M |
| Total DebtShort + long-term debt | $19.1B | $3.5B |
| Interest CoverageEBIT ÷ Interest expense | 1.28x | 3.90x |
Total Returns (Dividends Reinvested)
IRM leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in IRM five years ago would be worth $34,991 today (with dividends reinvested), compared to $11,856 for CUBE. Over the past 12 months, IRM leads with a +39.7% total return vs CUBE's +0.9%. The 3-year compound annual growth rate (CAGR) favors IRM at 36.0% vs CUBE's 0.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +59.7% | +16.8% |
| 1-Year ReturnPast 12 months | +39.7% | +0.9% |
| 3-Year ReturnCumulative with dividends | +151.5% | +0.1% |
| 5-Year ReturnCumulative with dividends | +249.9% | +18.6% |
| 10-Year ReturnCumulative with dividends | +314.2% | +75.0% |
| CAGR (3Y)Annualised 3-year return | +36.0% | +0.0% |
Risk & Volatility
Evenly matched — IRM and CUBE each lead in 1 of 2 comparable metrics.
Risk & Volatility
CUBE is the less volatile stock with a 0.53 beta — it tends to amplify market swings less than IRM's 1.10 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IRM currently trades 98.5% from its 52-week high vs CUBE's 91.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.10x | 0.53x |
| 52-Week HighHighest price in past year | $134.09 | $44.13 |
| 52-Week LowLowest price in past year | $77.77 | $35.09 |
| % of 52W HighCurrent price vs 52-week peak | +98.5% | +91.3% |
| RSI (14)Momentum oscillator 0–100 | 77.9 | 50.7 |
| Avg Volume (50D)Average daily shares traded | 1.5M | 2.2M |
Analyst Outlook
CUBE leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates IRM as "Buy" and CUBE as "Hold". Consensus price targets imply 3.0% upside for CUBE (target: $42) vs 0.2% for IRM (target: $132). For income investors, CUBE offers the higher dividend yield at 5.16% vs IRM's 2.34%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $132.33 | $41.50 |
| # AnalystsCovering analysts | 20 | 29 |
| Dividend YieldAnnual dividend ÷ price | +2.3% | +5.2% |
| Dividend StreakConsecutive years of raises | 4 | 16 |
| Dividend / ShareAnnual DPS | $3.09 | $2.08 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.4% |
CUBE leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). IRM leads in 1 (Total Returns). 2 tied.
IRM vs CUBE: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is IRM or CUBE a better buy right now?
For growth investors, Iron Mountain Incorporated (IRM) is the stronger pick with 12.
2% revenue growth year-over-year, versus 5. 3% for CubeSmart (CUBE). CubeSmart (CUBE) offers the better valuation at 27. 6x trailing P/E (28. 4x forward), making it the more compelling value choice. Analysts rate Iron Mountain Incorporated (IRM) a "Buy" — based on 20 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 — IRM or CUBE?
On trailing P/E, CubeSmart (CUBE) is the cheapest at 27.
6x versus Iron Mountain Incorporated at 269. 5x. On forward P/E, CubeSmart is actually cheaper at 28. 4x.
03Which is the better long-term investment — IRM or CUBE?
Over the past 5 years, Iron Mountain Incorporated (IRM) delivered a total return of +249.
9%, compared to +18. 6% for CubeSmart (CUBE). Over 10 years, the gap is even starker: IRM returned +314. 2% versus CUBE's +75. 0%. 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 — IRM or CUBE?
By beta (market sensitivity over 5 years), CubeSmart (CUBE) is the lower-risk stock at 0.
53β versus Iron Mountain Incorporated's 1. 10β — meaning IRM is approximately 106% more volatile than CUBE relative to the S&P 500.
05Which is growing faster — IRM or CUBE?
By revenue growth (latest reported year), Iron Mountain Incorporated (IRM) is pulling ahead at 12.
2% versus 5. 3% for CubeSmart (CUBE). On earnings-per-share growth, the picture is similar: CubeSmart grew EPS -15. 1% year-over-year, compared to -19. 7% for Iron Mountain Incorporated. Over a 3-year CAGR, IRM leads at 10. 6% 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 — IRM or CUBE?
CubeSmart (CUBE) is the more profitable company, earning 29.
7% net margin versus 2. 1% for Iron Mountain Incorporated — meaning it keeps 29. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CUBE leads at 40. 0% versus 20. 4% for IRM. At the gross margin level — before operating expenses — IRM leads at 25. 7%, 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 IRM or CUBE more undervalued right now?
On forward earnings alone, CubeSmart (CUBE) trades at 28.
4x forward P/E versus 58. 6x for Iron Mountain Incorporated — 30. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CUBE: 3. 0% to $41. 50.
08Which pays a better dividend — IRM or CUBE?
All stocks in this comparison pay dividends.
CubeSmart (CUBE) offers the highest yield at 5. 2%, versus 2. 3% for Iron Mountain Incorporated (IRM).
09Is IRM or CUBE better for a retirement portfolio?
For long-horizon retirement investors, CubeSmart (CUBE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
53), 5. 2% yield). Both have compounded well over 10 years (CUBE: +75. 0%, IRM: +314. 2%), 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 IRM and CUBE?
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.
In terms of investment character: IRM is a mid-cap quality compounder stock; CUBE is a small-cap income-oriented stock. 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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