Alexandria Real Estate Equities, Inc. (ARE) vs CubeSmart (CUBE)
A side-by-side comparison of Alexandria Real Estate Equities, Inc. and CubeSmart across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — ARE vs CUBE
growth of $100 · dividends reinvested · last 10yARE vs CUBE: by the numbers
- •ARE is the larger company ($8.70B vs $8.56B market cap).
- •CUBE is profitable (29.41% net margin) while ARE runs a net loss (-30.57%).
- •CUBE grew revenue faster over the past five years (8.94% vs 8.23% CAGR).
- •ARE pays the higher dividend yield (6.80% vs 5.34%).
Metrics side by side
Valuation
| Metric | ARE | CUBE |
|---|---|---|
| P/E ratio | N/A | 26.08 |
| Forward P/E | 32.93 | 24.54 |
| P/S ratio | 2.94 | 7.54 |
| P/B ratio | 0.56 | 3.32 |
| EV / EBITDA | N/A | 17.18 |
| FCF yield | 10.07% | 6.22% |
For REITs like Alexandria Real Estate Equities, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like CubeSmart, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | ARE | CUBE |
|---|---|---|
| Gross margin | 69.46% | 17.42% |
| Operating margin | -45.72% | 39.85% |
| Net margin | -30.57% | 29.41% |
| ROE | -5.81% | 12.95% |
| ROIC | -4.23% | 6.88% |
Dividends
| Metric | ARE | CUBE |
|---|---|---|
| Dividend yield | 6.80% | 5.34% |
| Payout ratio | N/A | 145.52% |
Alexandria Real Estate Equities, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
CubeSmart's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | ARE | CUBE |
|---|---|---|
| Revenue CAGR (5Y) | 8.23% | 8.94% |
| EPS CAGR (5Y) | N/A | 11.43% |
| FCF CAGR (5Y) | 9.89% | 8.16% |
| Total return CAGR (5Y) | -20.40% | -1.49% |
Frequently asked
- Which has grown faster, ARE or CUBE?
- Over the past five years, CUBE grew revenue faster — ARE at a 8.23% CAGR versus CUBE at 8.94%.
- Does ARE or CUBE pay a bigger dividend?
- ARE yields 6.80% and CUBE yields 5.34% based on trailing dividends and the latest price.
- Is ARE or CUBE more profitable?
- CUBE runs the higher net margin — ARE at -30.57% versus CUBE at 29.41%.
- How have ARE and CUBE total returns compared?
- Over the past 10 years, ARE delivered -3.64% and CUBE delivered 8.35% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Alexandria Real Estate Equities & CubeSmart appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.