AMH vs. CUBE: American Homes 4 Rent vs. CubeSmart Stock Comparison

Company Profile

American Homes 4 Rent (AMH) and CubeSmart (CUBE) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but AMH is classified in Residential REITs while CUBE is classified in Specialized REITs.

Both American Homes 4 Rent (AMH) and CubeSmart (CUBE) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

CubeSmart (CUBE) at 12.78% sits in the top ROE quartile, while American Homes 4 Rent (AMH) at 6.88% is closer to the peer norm — stronger capital efficiency for CUBE.

Neither American Homes 4 Rent (AMH) in Equity Real Estate Investment Trusts (REITs) nor CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Neither side reports a meaningful operating margin: for American Homes 4 Rent (AMH) in Equity Real Estate Investment Trusts (REITs) and CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Both American Homes 4 Rent (AMH) at 7.03% and CubeSmart (CUBE) at 5.33% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

EPS growth isn't a meaningful figure for either American Homes 4 Rent (AMH) in Equity Real Estate Investment Trusts (REITs) or CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

American Homes 4 Rent (AMH) at 1.51 keeps current ratio within its industry’s typical mid-range, while CubeSmart (CUBE) at 0.17 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CUBE.

American Homes 4 Rent (AMH) at 0.70 keeps leverage in the lower industry quartile, while CubeSmart (CUBE) at 1.42 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

Both American Homes 4 Rent (AMH) at 4.23% and CubeSmart (CUBE) at 4.67% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

An earnings-based payout ratio fits neither American Homes 4 Rent (AMH) in Equity Real Estate Investment Trusts (REITs) nor CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Valuation

P/E ratio is not a meaningful valuation yardstick for either American Homes 4 Rent (AMH) in Equity Real Estate Investment Trusts (REITs) or CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

American Homes 4 Rent (AMH) at 7.06 is priced about in line with its industry on P/S ratio, while CubeSmart (CUBE) at 8.80 sits in the pricier quartile — CUBE costs more per dollar of sales.

American Homes 4 Rent (AMH) at 1.75 is valued about in line with its industry on P/B ratio, while CubeSmart (CUBE) at 4.06 carries an above-peer premium to book — CUBE is pricier on assets.

Valuation Metrics