CUBE vs. EGP: CubeSmart vs. EastGroup Properties Stock Comparison

Company Profile

CubeSmart (CUBE) and EastGroup Properties (EGP) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but CUBE is classified in Specialized REITs while EGP is classified in Industrial REITs.

Both CubeSmart (CUBE) and EastGroup Properties (EGP) 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 EastGroup Properties (EGP) at 8.93% is closer to the peer norm — stronger capital efficiency for CUBE.

Neither CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) nor EastGroup Properties (EGP) 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 CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) and EastGroup Properties (EGP) 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

EastGroup Properties (EGP) at 12.67% sits in the top revenue growth quartile, while CubeSmart (CUBE) at 5.33% is closer to the peer norm — faster top-line expansion for EGP.

EPS growth isn't a meaningful figure for either CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) or EastGroup Properties (EGP) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

EastGroup Properties (EGP) at 0.62 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.

EastGroup Properties (EGP) at 0.52 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 CubeSmart (CUBE) at 4.67% and EastGroup Properties (EGP) at 3.30% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

An earnings-based payout ratio fits neither CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) nor EastGroup Properties (EGP) 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 CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) or EastGroup Properties (EGP) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

Both CubeSmart (CUBE) at 8.80 and EastGroup Properties (EGP) at 13.56 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

Both CubeSmart (CUBE) at 4.06 and EastGroup Properties (EGP) at 2.91 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

Valuation Metrics