Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 6.88% is 26% below its 5-year average of 9.32%, near the low end of its 5-year range (6.76%–11.72%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.51% below its 12-month average of 7.13%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 6.88%.
RETURN ON INVESTED CAPITAL (ROIC)
6.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.91%
CURRENT VS TTM AVG
-3.51%
CURRENT VS 3Y AVG
-21.58%
CURRENT VS 5Y AVG
-26.21%
CURRENT VS 10Y AVG
-12.17%
CURRENT VS 15Y AVG
+16.53%
CURRENT VS 20Y AVG
+40.08%
SECTOR MEDIAN · REAL ESTATE
4.78%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+43.84%
vs the sector median at left
CubeSmart
Market Cap
$8.73B
Return on Invested Capital (ROIC)
6.88%
TTM Avg
7.13%
3Y Avg
8.77%
5Y Avg
9.32%
Market Cap
$8.20B
Return on Invested Capital (ROIC)
5.63%
TTM Avg
5.36%
3Y Avg
4.93%
5Y Avg
4.92%
Market Cap
$8.09B
Return on Invested Capital (ROIC)
3.56%
TTM Avg
3.52%
3Y Avg
3.39%
5Y Avg
3.41%
Market Cap
$9.38B
Return on Invested Capital (ROIC)
-4.23%
TTM Avg
-0.78%
3Y Avg
0.56%
5Y Avg
1.61%
Market Cap
$9.54B
Return on Invested Capital (ROIC)
5.08%
TTM Avg
5.49%
3Y Avg
5.65%
5Y Avg
5.34%
Market Cap
$7.91B
Return on Invested Capital (ROIC)
6.18%
TTM Avg
6.31%
3Y Avg
6.25%
5Y Avg
5.96%
Market Cap
$9.98B
Return on Invested Capital (ROIC)
2.93%
TTM Avg
3.40%
3Y Avg
3.32%
5Y Avg
3.21%
Market Cap
$10.26B
Return on Invested Capital (ROIC)
4.89%
TTM Avg
5.83%
3Y Avg
5.07%
5Y Avg
4.81%
Market Cap
$7.06B
Return on Invested Capital (ROIC)
3.65%
TTM Avg
3.42%
3Y Avg
3.48%
5Y Avg
3.75%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CubeSmart (CUBE) | $8.73B | 6.88% | 7.13% | 8.77% | 9.32% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.20B | 5.63% | 5.36% | 4.93% | 4.92% |
| Agree Realty Corporation (ADC)vs › | $8.09B | 3.56% | 3.52% | 3.39% | 3.41% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $9.38B | -4.23% | -0.78% | 0.56% | 1.61% |
| Federal Realty Investment Trust (FRT)vs › | $9.54B | 5.08% | 5.49% | 5.65% | 5.34% |
| NNN REIT, Inc. (NNN)vs › | $7.91B | 6.18% | 6.31% | 6.25% | 5.96% |
| Camden Property Trust (CPT)vs › | $9.98B | 2.93% | 3.40% | 3.32% | 3.21% |
| BXP, Inc. (BXP)vs › | $10.26B | 4.89% | 5.83% | 5.07% | 4.81% |
| Terreno Realty Corporation (TRNO)vs › | $7.06B | 3.65% | 3.42% | 3.48% | 3.75% |
| UDR, Inc. (UDR)vs › | $10.96B | 4.92% | 2.76% | 3.41% | 3.13% |
ROIC
6.9%
ROE
12.9%
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-06-30 | 6.88% |
| 2026-03-31 | 7.20% |
| 2025-12-31 | 6.76% |
| 2025-09-30 | 7.27% |
| 2025-06-30 | 7.52% |
| 2025-03-31 | 7.55% |
| 2024-12-31 | 8.04% |
| 2024-09-30 | 9.30% |
| 2024-06-30 | 9.37% |
| 2024-03-31 | 10.22% |
| 2023-12-31 | 11.10% |
| 2023-09-30 | 11.04% |
| 2023-06-30 | 11.72% |
| 2023-03-31 | 11.47% |
| 2022-12-31 | 11.16% |
| 2022-09-30 | 10.55% |
| 2022-06-30 | 9.87% |
| 2022-03-31 | 9.17% |
| 2021-12-31 | 8.45% |
| 2021-09-30 | 10.79% |
| 2021-06-30 | 10.22% |
| 2021-03-31 | 9.66% |
| 2020-12-31 | 9.16% |
| 2020-09-30 | 10.66% |
| 2020-06-30 | 9.50% |
| 2020-03-31 | 8.41% |
| 2019-12-31 | 7.19% |
| 2019-09-30 | 6.12% |
| 2019-06-30 | 6.14% |
| 2019-03-31 | 6.27% |
| 2018-12-31 | 6.25% |
| 2018-09-30 | 6.47% |
| 2018-06-30 | 6.35% |
| 2018-03-31 | 6.11% |
| 2017-12-31 | 5.89% |
| 2017-09-30 | 5.52% |
| 2017-06-30 | 4.59% |
| 2017-03-31 | 3.54% |
| 2016-12-31 | 2.55% |
| 2016-09-30 | 2.52% |
| 2016-06-30 | 2.42% |
| 2016-03-31 | 2.35% |
| 2015-12-31 | 2.19% |
| 2015-09-30 | 1.85% |
| 2015-06-30 | 1.76% |
| 2015-03-31 | 1.72% |
| 2014-12-31 | 1.73% |
| 2014-09-30 | 1.90% |
| 2014-06-30 | 1.78% |
| 2014-03-31 | 1.66% |
| 2013-12-31 | 1.48% |
| 2013-09-30 | 1.37% |
| 2013-06-30 | 1.15% |
| 2013-03-31 | 1.80% |
| 2012-12-31 | 1.65% |
| 2012-09-30 | 1.66% |
| 2012-06-30 | 2.00% |
| 2012-03-31 | 2.34% |
| 2011-12-31 | 2.59% |
| 2011-09-30 | 3.14% |
| 2011-06-30 | 2.85% |
| 2011-03-31 | 2.60% |
| 2010-12-31 | 2.43% |
| 2010-09-30 | 2.27% |
| 2010-06-30 | 2.15% |
| 2010-03-31 | 1.14% |
| 2009-12-31 | 0.81% |
| 2009-09-30 | 1.19% |
| 2009-06-30 | 1.23% |
| 2009-03-31 | 1.27% |
| 2008-12-31 | 1.28% |
| 2008-09-30 | 2.17% |
| 2008-06-30 | 2.12% |
| 2008-03-31 | 2.22% |
| 2007-12-31 | 2.03% |
| 2007-09-30 | 2.23% |
| 2007-06-30 | 2.29% |
| 2007-03-31 | 2.40% |
| 2006-12-31 | 2.36% |
| 2006-09-30 | 2.19% |
| 2006-06-30 | 1.25% |
| 2006-03-31 | 1.30% |
| 2005-12-31 | 1.29% |
| 2005-09-30 | 1.56% |
| 2005-06-30 | 1.85% |
| 2005-03-31 | 4.43% |
| 2004-12-31 | 4.61% |
| 2004-09-30 | 7.00% |
| 2004-06-30 | 4.92% |
