CubeSmart (CUBE) vs UDR, Inc. (UDR)
A side-by-side comparison of CubeSmart and UDR, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 20, 2026. Differences are shown without an overall score or investment verdict.
Total return — CUBE vs UDR
growth of $100 · dividends reinvested · last 10yCUBE vs UDR: by the numbers
- •UDR is the larger company ($12.05B vs $9.39B market cap).
- •UDR converts more revenue to profit (30.43% vs 29.41% net margin).
- •CUBE grew revenue faster over the past five years (8.94% vs 6.97% CAGR).
- •CUBE pays the higher dividend yield (5.09% vs 4.23%).
Metrics side by side
Valuation
| Metric | CUBE | UDR |
|---|---|---|
| P/E ratio | 28.59 | 23.89 |
| Forward P/E | 28.10 | 41.82 |
| P/S ratio | 8.33 | 7.11 |
| P/B ratio | 3.67 | 4.15 |
| EV / EBITDA | 18.43 | 15.77 |
| FCF yield | 5.94% | 7.55% |
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 UDR, 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 | UDR |
|---|---|---|
| Gross margin | 17.42% | 25.59% |
| Operating margin | 39.85% | 18.83% |
| Net margin | 29.41% | 30.43% |
| ROE | 12.95% | 17.77% |
| ROIC | 6.88% | 4.92% |
Dividends
| Metric | CUBE | UDR |
|---|---|---|
| Dividend yield | 5.09% | 4.23% |
| Payout ratio | 144.52% | 140.27% |
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.
UDR, 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 | UDR |
|---|---|---|
| Revenue CAGR (5Y) | 8.94% | 6.97% |
| EPS CAGR (5Y) | 11.43% | 41.39% |
| FCF CAGR (5Y) | 8.16% | 15.86% |
| Total return CAGR (5Y) | 0.36% | -2.93% |
Frequently asked
- Which has grown faster, CUBE or UDR?
- Over the past five years, CUBE grew revenue faster — CUBE at a 8.94% CAGR versus UDR at 6.97%.
- Does CUBE or UDR pay a bigger dividend?
- CUBE yields 5.09% and UDR yields 4.23% based on trailing dividends and the latest price.
- Is CUBE or UDR more profitable?
- UDR runs the higher net margin — CUBE at 29.41% versus UDR at 30.43%.
- How have CUBE and UDR total returns compared?
- Over the past 10 years, CUBE delivered 8.84% and UDR delivered 4.12% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
CubeSmart & UDR 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 20, 2026.