Americold Realty Trust Inc. (COLD) vs CubeSmart (CUBE)

Americold Realty Trust Inc. and CubeSmart are both Reit Industrial companies. CubeSmart is the larger, with a market value of $8.6B against $4.0B — 2.2× the size. Americold Realty Trust Inc. has negative trailing earnings, so its P/E is not meaningful; CubeSmart trades at 25.8×. CubeSmart grew revenue faster over the last twelve months: 3.86% against −0.21%. CubeSmart has the higher net margin (29.4% vs −17.4%) and the higher return on invested capital (4.67% vs −6.75%). Both pay a dividend; Americold Realty Trust Inc. yields more (6.66% vs 5.62%). Across the 21 metrics below, CubeSmart leads on 14 and Americold Realty Trust Inc. on 7.

Valuation

Metric COLD CUBE Reit Industrial median
P/E n/m 25.83 27.60
P/S 1.52 7.53 8.21
P/B 1.62 3.29 1.85
Price to free cash flow n/m 16.83 21.56
EV/EBITDA 58.52 16.98 18.10
EV/Sales 1.73 10.57 11.62
Earnings yield (11.51%) 3.87% 3.38%
Free cash flow yield (4.35%) 5.94% 2.71%

Profitability

Metric COLD CUBE Reit Industrial median
Gross margin 31.74% 67.83% 73.76%
Operating margin (12.47%) 39.85% 39.85%
Net margin (17.44%) 29.41% 28.04%
Free cash flow margin (6.59%) 44.71% 13.63%
Return on equity (16.30%) 12.28% 6.83%
Return on assets (5.74%) 5.03% 3.45%
Return on invested capital (6.75%) 4.67% 2.92%

Growth

Metric COLD CUBE Reit Industrial median
Revenue growth (TTM) (0.21%) 3.86% 3.86%
EPS growth (last fiscal year) (21.21%) (15.12%) 4.51%
Revenue growth, 5-year CAGR 5.53% 10.58% 13.33%
Net income growth, 5-year CAGR 0.00% 15.05% 9.91%

Health

Metric COLD CUBE Reit Industrial median
Debt to equity 0.25 1.34 0.84
Current ratio 0.10 0.07 0.78
Net debt to EBITDA 0.78 4.76 4.76

Dividend

Metric COLD CUBE Reit Industrial median
Dividend yield 6.66% 5.62% 4.22%
Payout ratio — 1.46 1.18

Size

Metric COLD CUBE Reit Industrial median
Market cap 3.98b 8.56b 7.85b

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