CubeSmart (CUBE) vs First Industrial Realty (FR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
First Industrial Realty (FR) has outperformed CubeSmart (CUBE) over the past year, gaining 12.6% versus a loss of 7.0%. Over five years, FR leads with a +2.7% price change compared with -28.5% for CUBE. CubeSmart is the larger company by market cap ($8.43 billion vs $7.97 billion), about 1.1 times the size, while First Industrial Realty is growing revenue faster (+8.6% vs +5.3%).
On valuation, CubeSmart trades at a lower forward P/E (23.2x vs 30.9x for First Industrial Realty). CubeSmart offers the higher dividend yield (5.67% vs 3.25%). First Industrial Realty converts more of its revenue into profit, with a net margin of 34.0% versus 29.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CUBE | FR |
|---|---|---|
| Share price | $37.23 | $58.18 |
| Market cap | $8.43B | $7.97B |
| 1-day change | -1.40% | -1.82% |
| YTD return | +3.27% | +1.59% |
| 1-year return | -7.02% | +12.62% |
| 5-year return | -28.54% | +2.72% |
| P/E ratio (TTM) | 25.85 | 21.55 |
| Forward P/E | 23.24 | 30.86 |
| EPS (TTM) | $1.44 | $2.70 |
| Dividend yield | 5.67% | 3.25% |
| Annual dividend | $2.11 | $1.89 |
| Revenue (latest FY) | $1.12B | $727.08M |
| Revenue growth (YoY) | +5.33% | +8.58% |
| Net income (latest FY) | $331.32M | $247.44M |
| Gross margin | 68.71% | — |
| Net margin | 29.50% | 34.03% |
| 52-week high | $43.26 | $69.88 |
| 52-week low | $35.09 | $50.24 |
| Distance from 52-week high | -13.94% | -16.74% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +17.19% | +24.18% |
| Average volume | 2.38M | 1.03M |
| Shares outstanding | 225.16M | 132.57M |
| Employees | 3,121 | 151 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- FR has outperformed CUBE by 19.6 percentage points over the past year.
- CubeSmart offers a meaningfully higher dividend yield (5.67% vs 3.25%).
About CubeSmart
CUBE stock →CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers.
Real Estate · Real Estate Investment Trusts · 3,121 employees
About First Industrial Realty
FR stock →First Industrial Realty Trust, Inc. is a leading U.S.-only owner, operator, developer and acquirer of logistics properties.
Real Estate · Real Estate Investment Trusts · 151 employees
CUBE vs FR FAQ
Which is bigger, CubeSmart or First Industrial Realty?
CubeSmart (CUBE) is larger, with a market capitalization of $8.43B compared with $7.97B for First Industrial Realty (FR).
Which stock has performed better over the past year, CUBE or FR?
FR returned +12.62% over the past 12 months, compared with -7.02% for CUBE (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CUBE or FR?
FR has the lower trailing P/E at 21.5, versus 25.9 for CUBE. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, CubeSmart or First Industrial Realty?
CubeSmart has the higher yield at 5.67%, compared with 3.25% for First Industrial Realty.
Are CubeSmart and First Industrial Realty in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.