CubeSmart (CUBE) vs First Industrial Realty Trust, Inc. (FR)
CUBE and FR are evenly matched — 7 metrics each of 14.
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 June 24, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — CUBE vs FR
growth of $100 · last 22yCUBE +142.0%FR +64.7%CUBE compounded faster
CUBE FR
CUBE vs FR: by the numbers
- •CUBE is the larger company ($9.27B vs $8.44B market cap).
- •FR trades at the lower earnings multiple (24.66 vs 28.77 P/E).
- •FR converts more revenue to profit (45.99% vs 28.93% net margin).
- •FR grew revenue faster over the past five years (10.42% vs 9.95% CAGR).
- •CUBE pays the higher dividend yield (5.14% vs 2.88%).
Which is better, CUBE or FR?
Metric tally: CUBE 7 · FR 7It depends on what you're optimizing for:
ValueFR(lower P/E)
GrowthFR(faster 5Y revenue CAGR)
IncomeCUBE(higher dividend yield)
QualityCUBE(higher ROIC)
Metrics side by side
Valuation
| Metric | CUBE | FR |
|---|---|---|
| P/E ratio | 28.77 | 24.66● |
| Forward P/E | 27.25● | 33.61 |
| P/S ratio | 8.24● | 11.32 |
| P/B ratio | 3.52 | 3.06● |
| PEG ratio | 2.52● | 6.02 |
| EV / EBITDA | 18.13 | 16.73● |
Profitability
| Metric | CUBE | FR |
|---|---|---|
| Gross margin | 11.86% | 47.03%● |
| Operating margin | 39.51%● | 38.28% |
| Net margin | 28.93% | 45.99%● |
| ROE | 12.36% | 12.41% |
| ROIC | 6.76%● | 5.34% |
Dividends
| Metric | CUBE | FR |
|---|---|---|
| Dividend yield | 5.14%● | 2.88% |
| Payout ratio | 143.84% | 98.13% |
Growth (annualized)
| Metric | CUBE | FR |
|---|---|---|
| Revenue CAGR (5Y) | 9.95% | 10.42%● |
| EPS CAGR (5Y) | 11.43%● | 4.10% |
| Total return CAGR (5Y) | 1.58% | 6.67%● |
Frequently asked
- Which is better, CUBE or FR?
- It depends on your goal. value: FR (lower P/E); growth: FR (faster 5Y revenue CAGR); income: CUBE (higher dividend yield); quality: CUBE (higher ROIC). Across all compared metrics, they are evenly matched.
- Is CUBE or FR cheaper?
- On trailing earnings, FR is cheaper: CUBE trades at a 28.77 P/E and FR at 24.66.
- Which has grown faster, CUBE or FR?
- Over the past five years, FR grew revenue faster — CUBE at a 9.95% CAGR versus FR at 10.42%.
- Does CUBE or FR pay a bigger dividend?
- CUBE yields 5.14% and FR yields 2.88% based on trailing dividends and the latest price.
- Is CUBE or FR more profitable?
- FR runs the higher net margin — CUBE at 28.93% versus FR at 45.99%.
- Which has been the better investment, CUBE or FR?
- Over the past 10-year, FR delivered the higher annualized total return — CUBE at 7.68% versus FR at 11.93%. 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 June 24, 2026.