CUBE vs. EQIX: CubeSmart vs. Equinix Stock Comparison

Company Profile

CubeSmart (CUBE) and Equinix (EQIX) both belong to the Specialized REITs industry, though CUBE is classified under Self-Storage REITs while EQIX falls under Data Center REITs.

Both CubeSmart (CUBE) and Equinix (EQIX) 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

Both CubeSmart (CUBE) at 12.78% and Equinix (EQIX) at 11.45% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

Neither CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) nor Equinix (EQIX) 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 Equinix (EQIX) 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 CubeSmart (CUBE) at 5.33% and Equinix (EQIX) at 5.36% 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 CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) or Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

Equinix (EQIX) at 1.04 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.

CubeSmart (CUBE) at 1.42 carries an industry-typical debt-to-equity mix, while Equinix (EQIX) at 1.81 uses more debt funding than most peers.

Financial Strength Metrics

Dividends

CubeSmart (CUBE) at 4.67% pays a yield in its industry’s typical range, while Equinix (EQIX) at 2.02% falls in the bottom quartile of its peers.

An earnings-based payout ratio fits neither CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) nor Equinix (EQIX) 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 Equinix (EQIX) 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 Equinix (EQIX) at 9.88 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

Both look rich against book: CubeSmart (CUBE) at 4.06 sits in the upper P/B ratio quartile, and Equinix (EQIX) at 6.90 prices even higher, above its industry range.

Valuation Metrics