BXP vs. CUBE: BXP vs. CubeSmart Stock Comparison
How do BXP (BXP) and CubeSmart (CUBE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
BXP (BXP) and CubeSmart (CUBE) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but BXP is classified in Office REITs while CUBE is classified in Specialized REITs.
Both BXP (BXP) and CubeSmart (CUBE) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.
| Profile Item | BXP | CUBE |
|---|---|---|
| Name | BXP, Inc. | CubeSmart |
| Country/Region | United States | United States |
| GICS Sector | Real Estate | Real Estate |
| GICS Industry Group | Equity Real Estate Investment Trusts (REITs) | Equity Real Estate Investment Trusts (REITs) |
| GICS Industry | Office REITs | Specialized REITs |
| GICS Sub-Industry | Office REITs | Self-Storage REITs |
| Market Capitalization | 11.55 billion USD | 10.10 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | June 18, 1997 | October 22, 2004 |
| Security Type | REIT | REIT |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | BXP | CUBE |
|---|---|---|
| Total Return (1Y) | -3.69% | 28.16% |
| Total Return (3Y, Annualized) | 14.23% | 12.98% |
| Total Return (5Y, Annualized) | -5.92% | 1.18% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | BXP | CUBE |
|---|---|---|
| Volatility (1Y, Annualized) | 28.10% | 22.12% |
| Beta (5Y) | 1.00 | 0.95 |
| Max Drawdown (5Y) | -62.57% | -36.93% |
| Avg. Volume (3M) | 1.37M | 2.33M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | BXP | CUBE |
|---|---|---|
| Sharpe Ratio (1Y) | -0.28 | 1.08 |
| Sortino Ratio (1Y) | -0.40 | 1.71 |
Profitability
ROE (TTM)
CubeSmart (CUBE) at 12.78% sits in the top ROE quartile, while BXP (BXP) at 8.96% is closer to the peer norm — stronger capital efficiency for CUBE.
BXP
Equity Real Estate Investment Trusts (REITs) industry group
8.96%
- Max
- 22.74%
- Q3
- 10.54%
- BXP
- 8.96%
- Median
- 6.38%
- Q1
- 1.69%
- Min
- -10.86%
CUBE
Equity Real Estate Investment Trusts (REITs) industry group
12.78%
- Max
- 22.74%
- CUBE
- 12.78%
- Q3
- 10.54%
- Median
- 6.38%
- Q1
- 1.69%
- Min
- -10.86%
Net Margin (TTM)
Neither BXP (BXP) 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.
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for BXP (BXP) 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
| Metric | BXP | CUBE |
|---|---|---|
| ROE (TTM) | 8.96% | 12.78% |
| ROA (TTM) | 2.18% | 4.42% |
| Net Margin (TTM) | -- | -- |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both BXP (BXP) at 2.19% 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
EPS growth isn't a meaningful figure for either BXP (BXP) in Equity Real Estate Investment Trusts (REITs) or CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) under our convention.
Growth Metrics
| Metric | BXP | CUBE |
|---|---|---|
| Revenue Growth (YoY) | 2.19% | 5.33% |
| Revenue Growth (3Y CAGR) | 3.86% | 3.61% |
| EPS Growth (YoY) | -- | -- |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
BXP (BXP) at 0.70 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.
BXP
Equity Real Estate Investment Trusts (REITs) industry group
0.70
- Max
- 4.19
- Q3
- 2.11
- Median
- 1.31
- BXP
- 0.70
- Q1
- 0.62
- Min
- 0.06
CUBE
Equity Real Estate Investment Trusts (REITs) industry group
0.17
- Max
- 4.19
- Q3
- 2.11
- Median
- 1.31
- Q1
- 0.62
- CUBE
- 0.17
- Min
- 0.06
Debt / Equity (MRQ)
CubeSmart (CUBE) at 1.42 carries an industry-typical debt-to-equity mix, while BXP (BXP) at 2.22 uses more debt funding than most peers.
BXP
Equity Real Estate Investment Trusts (REITs) industry group
2.22
- Max
- 2.72
- BXP
- 2.22
- Q3
- 1.59
- Median
- 0.99
- Q1
- 0.72
- Min
- 0.20
CUBE
Equity Real Estate Investment Trusts (REITs) industry group
1.42
- Max
- 2.72
- Q3
- 1.59
- CUBE
- 1.42
- Median
- 0.99
- Q1
- 0.72
- Min
- 0.20
Financial Strength Metrics
| Metric | BXP | CUBE |
|---|---|---|
| Current Ratio (MRQ) | 0.70 | 0.17 |
| Debt / Equity (MRQ) | 2.22 | 1.42 |
| Net Debt / EBITDA | 8.55 | 5.06 |
Dividends
Dividend Yield (TTM)
Both BXP (BXP) at 4.29% and CubeSmart (CUBE) at 4.67% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
BXP
Equity Real Estate Investment Trusts (REITs) industry group
4.29%
- Max
- 8.62%
- Q3
- 5.95%
- Median
- 4.34%
- BXP
- 4.29%
- Q1
- 3.26%
- Min
- 0.00%
CUBE
Equity Real Estate Investment Trusts (REITs) industry group
4.67%
- Max
- 8.62%
- Q3
- 5.95%
- CUBE
- 4.67%
- Median
- 4.34%
- Q1
- 3.26%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
An earnings-based payout ratio fits neither BXP (BXP) 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
| Metric | BXP | CUBE |
|---|---|---|
| Dividend Yield (TTM) | 4.29% | 4.67% |
| Dividend Payout Ratio (TTM) | -- | -- |
Valuation
P/E Ratio (TTM)
P/E ratio is not a meaningful valuation yardstick for either BXP (BXP) 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.
P/S Ratio (TTM)
BXP (BXP) at 3.38 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.
BXP
Equity Real Estate Investment Trusts (REITs) industry group
3.38
- Max
- 14.47
- Q3
- 8.02
- Median
- 5.98
- BXP
- 3.38
- Q1
- 3.27
- Min
- 0.43
CUBE
Equity Real Estate Investment Trusts (REITs) industry group
8.80
- Max
- 14.47
- CUBE
- 8.80
- Q3
- 8.02
- Median
- 5.98
- Q1
- 3.27
- Min
- 0.43
P/B Ratio (MRQ)
BXP (BXP) at 2.00 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.
BXP
Equity Real Estate Investment Trusts (REITs) industry group
2.00
- Max
- 4.06
- Q3
- 2.53
- BXP
- 2.00
- Median
- 1.64
- Q1
- 1.06
- Min
- 0.21
CUBE
Equity Real Estate Investment Trusts (REITs) industry group
4.06
- CUBE
- 4.06
- Max
- 4.06
- Q3
- 2.53
- Median
- 1.64
- Q1
- 1.06
- Min
- 0.21
Valuation Metrics
| Metric | BXP | CUBE |
|---|---|---|
| P/E Ratio (TTM) | -- | -- |
| P/S Ratio (TTM) | 3.38 | 8.80 |
| P/B Ratio (MRQ) | 2.00 | 4.06 |
| Free Cash Flow Yield (TTM) | -- | -- |