CubeSmart (CUBE) vs First Industrial Realty Trust, Inc. (FR)
A side-by-side comparison of CubeSmart and First Industrial Realty Trust, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 8, 2026. Differences are shown without an overall score or investment verdict.
CUBE
CubeSmart
$41.77Real EstateAt close: Aug 7, 2026, 4:00 PM ET
FR
First Industrial Realty Trust, Inc.
$63.63Real EstateAt close: Aug 7, 2026, 4:00 PM ET
Total return — CUBE vs FR
growth of $100 · dividends reinvested · last 22yCUBE +503.5%FR +226.3%CUBE compounded faster
CUBE FR
CUBE vs FR: by the numbers
- •CUBE is the larger company ($9.46B vs $8.44B market cap).
- •CUBE trades at the lower trailing earnings multiple (22.95 vs 23.22 P/E), one valuation lens rather than an overall verdict.
- •FR converts more revenue to profit (47.96% vs 31.41% net margin).
- •CUBE grew revenue faster over the past five years (12.41% vs 10.47% CAGR).
- •CUBE pays the higher dividend yield (5.05% vs 2.97%).
Metrics side by side
Valuation
| Metric | CUBE | FR |
|---|---|---|
| P/E ratio | 22.95 | 23.22 |
| Forward P/E | 28.31 | 25.36 |
| P/S ratio | 7.17 | 11.10 |
| P/B ratio | 3.70 | 3.04 |
| PEG ratio | 2.01 | 5.66 |
| EV / EBITDA | 17.19 | 21.49 |
| FCF yield | 7.46% | 4.86% |
Profitability
| Metric | CUBE | FR |
|---|---|---|
| Gross margin | 22.74% | 22.60% |
| Operating margin | 38.19% | 41.59% |
| Net margin | 31.41% | 47.96% |
| ROE | 16.19% | 13.12% |
| ROIC | 8.31% | 5.77% |
Dividends
| Metric | CUBE | FR |
|---|---|---|
| Dividend yield | 5.05% | 2.97% |
| Payout ratio | 144.52% | 101.07% |
Growth (annualized)
| Metric | CUBE | FR |
|---|---|---|
| Revenue CAGR (5Y) | 12.41% | 10.47% |
| EPS CAGR (5Y) | 11.43% | 4.10% |
| FCF CAGR (5Y) | 13.36% | 7.52% |
| Total return CAGR (5Y) | 0.85% | 5.76% |
Frequently asked
- Which has the lower trailing P/E, CUBE or FR?
- CUBE has the lower trailing P/E: CUBE trades at 22.95 and FR at 23.22. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CUBE or FR?
- Over the past five years, CUBE grew revenue faster — CUBE at a 12.41% CAGR versus FR at 10.47%.
- Does CUBE or FR pay a bigger dividend?
- CUBE yields 5.05% and FR yields 2.97% based on trailing dividends and the latest price.
- Is CUBE or FR more profitable?
- FR runs the higher net margin — CUBE at 31.41% versus FR at 47.96%.
- How have CUBE and FR total returns compared?
- Over the past 10 years, CUBE delivered 8.70% and FR delivered 11.11% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
CubeSmart P/E ratioFirst Industrial Realty Trust P/E ratioCubeSmart dividend yieldFirst Industrial Realty Trust dividend yieldCubeSmart ROEFirst Industrial Realty Trust ROECubeSmart operating marginFirst Industrial Realty Trust operating marginCubeSmart revenue growthFirst Industrial Realty Trust revenue growthCubeSmart free cash flowFirst Industrial Realty Trust free cash flow
CubeSmart & First Industrial Realty Trust 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 August 8, 2026.