Camden Property Trust (CPT) vs CubeSmart (CUBE)
A side-by-side comparison of Camden Property Trust 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 — CPT vs CUBE
growth of $100 · dividends reinvested · last 10yCPT vs CUBE: by the numbers
- •CPT is the larger company ($9.86B vs $8.56B market cap).
- •CUBE converts more revenue to profit (29.41% vs 20.74% net margin).
- •CUBE grew revenue faster over the past five years (8.94% vs 7.98% CAGR).
- •CUBE pays the higher dividend yield (5.34% vs 4.10%).
Metrics side by side
Valuation
| Metric | CPT | CUBE |
|---|---|---|
| P/E ratio | 32.60 | 26.08 |
| Forward P/E | 91.20 | 24.54 |
| P/S ratio | 6.27 | 7.54 |
| P/B ratio | 2.59 | 3.32 |
| EV / EBITDA | 16.35 | 17.18 |
| FCF yield | 2.79% | 6.22% |
For REITs like Camden Property Trust, 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 | CPT | CUBE |
|---|---|---|
| Gross margin | 61.41% | 17.42% |
| Operating margin | 17.82% | 39.85% |
| Net margin | 20.74% | 29.41% |
| ROE | 8.58% | 12.95% |
| ROIC | 2.93% | 6.88% |
Dividends
| Metric | CPT | CUBE |
|---|---|---|
| Dividend yield | 4.10% | 5.34% |
| Payout ratio | 140.20% | 145.52% |
Camden Property Trust'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 | CPT | CUBE |
|---|---|---|
| Revenue CAGR (5Y) | 7.98% | 8.94% |
| EPS CAGR (5Y) | 23.35% | 11.43% |
| FCF CAGR (5Y) | 47.01% | 8.16% |
| Total return CAGR (5Y) | -3.96% | -1.49% |
Frequently asked
- Which has grown faster, CPT or CUBE?
- Over the past five years, CUBE grew revenue faster — CPT at a 7.98% CAGR versus CUBE at 8.94%.
- Does CPT or CUBE pay a bigger dividend?
- CPT yields 4.10% and CUBE yields 5.34% based on trailing dividends and the latest price.
- Is CPT or CUBE more profitable?
- CUBE runs the higher net margin — CPT at 20.74% versus CUBE at 29.41%.
- How have CPT and CUBE total returns compared?
- Over the past 10 years, CPT delivered 5.42% and CUBE delivered 8.35% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Camden Property & 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.