CubeSmart (CUBE) vs First Industrial Realty Trust, Inc. (FR)

CubeSmart and First Industrial Realty Trust, Inc. are both Reit Industrial companies. CubeSmart is the larger, with a market value of $10.2B against $7.4B — 1.4× the size. First Industrial Realty Trust, Inc. trades at the lower P/E: 20.0× against 29.6×. First Industrial Realty Trust, Inc. grew revenue faster over the last twelve months: 8.55% against 3.33%. First Industrial Realty Trust, Inc. has the higher net margin (46.1% vs 30.2%) and the lower return on invested capital (3.68% vs 4.86%). Both pay a dividend; CubeSmart yields more (4.72% vs 3.62%). Across the 22 metrics below, First Industrial Realty Trust, Inc. leads on 12 and CubeSmart on 10.

Valuation

Metric CUBE FR Reit Industrial median
P/E 29.60 20.00 28.01
P/S 8.86 9.20 8.69
P/B 4.06 2.49 1.81
Price to free cash flow 20.29 n/m 25.37
EV/EBITDA 19.21 18.11 19.45
EV/Sales 11.93 12.55 11.77
Earnings yield 3.38% 5.00% 3.26%
Free cash flow yield 4.93% (0.33%) 2.70%

Profitability

Metric CUBE FR Reit Industrial median
Gross margin 67.65% 73.75% 73.76%
Operating margin 40.82% 41.57% 40.64%
Net margin 30.17% 46.10% 30.04%
Free cash flow margin 43.64% (3.03%) 20.13%
Return on equity 13.03% 12.74% 7.41%
Return on assets 5.19% 6.28% 3.98%
Return on invested capital 4.86% 3.68% 3.45%

Growth

Metric CUBE FR Reit Industrial median
Revenue growth (TTM) 3.33% 8.55% 4.61%
EPS growth (last fiscal year) (15.12%) (13.82%) (2.22%)
Revenue growth, 5-year CAGR 10.58% 10.17% 14.64%
Net income growth, 5-year CAGR 15.05% 4.76% 12.19%

Health

Metric CUBE FR Reit Industrial median
Debt to equity 1.42 0.92 0.82
Current ratio 0.06 1.06 0.91
Net debt to EBITDA 4.76 4.87 4.82

Dividend

Metric CUBE FR Reit Industrial median
Dividend yield 4.72% 3.62% 4.08%
Payout ratio 1.41 0.72 1.11

Size

Metric CUBE FR Reit Industrial median
Market cap 10.18b 7.39b 7.74b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack