CubeSmart (CUBE) vs Sunstone Hotel Investors, Inc. (SHO)
A side-by-side comparison of CubeSmart and Sunstone Hotel Investors, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.
Total return — CUBE vs SHO
growth of $100 · dividends reinvested · last 10yCUBE vs SHO: by the numbers
- •CUBE is the larger company ($8.95B vs $2.05B market cap).
- •CUBE converts more revenue to profit (29.41% vs 5.30% net margin).
- •SHO grew revenue faster over the past five years (33.78% vs 8.94% CAGR).
- •CUBE pays the higher dividend yield (5.40% vs 3.28%).
Metrics side by side
Valuation
| Metric | CUBE | SHO |
|---|---|---|
| P/E ratio | 27.27 | 44.58 |
| Forward P/E | 25.65 | 37.03 |
| P/S ratio | 7.88 | 2.04 |
| P/B ratio | 3.47 | 1.09 |
| EV / EBITDA | 17.73 | 12.90 |
| FCF yield | 5.95% | 5.66% |
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.
For REITs like Sunstone Hotel Investors, 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.
Profitability
| Metric | CUBE | SHO |
|---|---|---|
| Gross margin | 17.42% | 4.75% |
| Operating margin | 39.85% | 9.03% |
| Net margin | 29.41% | 5.30% |
| ROE | 12.95% | 2.82% |
| ROIC | 6.88% | 2.97% |
Dividends
| Metric | CUBE | SHO |
|---|---|---|
| Dividend yield | 5.40% | 3.28% |
| Payout ratio | 145.52% | 146.16% |
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.
Sunstone Hotel Investors, 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.
Growth (annualized)
| Metric | CUBE | SHO |
|---|---|---|
| Revenue CAGR (5Y) | 8.94% | 33.78% |
| EPS CAGR (5Y) | 11.43% | N/A |
| FCF CAGR (5Y) | 8.16% | N/A |
| Total return CAGR (5Y) | -1.72% | 0.93% |
Frequently asked
- Which has grown faster, CUBE or SHO?
- Over the past five years, SHO grew revenue faster — CUBE at a 8.94% CAGR versus SHO at 33.78%.
- Does CUBE or SHO pay a bigger dividend?
- CUBE yields 5.40% and SHO yields 3.28% based on trailing dividends and the latest price.
- Is CUBE or SHO more profitable?
- CUBE runs the higher net margin — CUBE at 29.41% versus SHO at 5.30%.
- How have CUBE and SHO total returns compared?
- Over the past 10 years, CUBE delivered 8.23% and SHO delivered 1.63% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
CubeSmart & Sunstone Hotel Investors 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 11, 2026.