CUBE vs. GLPI: CubeSmart vs. Gaming and Leisure Properties Stock Comparison
How do CubeSmart (CUBE) and Gaming and Leisure Properties (GLPI) 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
CubeSmart (CUBE) and Gaming and Leisure Properties (GLPI) both belong to the Specialized REITs industry, though CUBE is classified under Self-Storage REITs while GLPI falls under Other Specialized REITs.
Both CubeSmart (CUBE) and Gaming and Leisure Properties (GLPI) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.
| Profile Item | CUBE | GLPI |
|---|---|---|
| Name | CubeSmart | Gaming and Leisure Properties, Inc. |
| 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 | Specialized REITs | Specialized REITs |
| GICS Sub-Industry | Self-Storage REITs | Other Specialized REITs |
| Market Capitalization | 10.10 billion USD | 11.64 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | October 22, 2004 | October 14, 2013 |
| Security Type | REIT | REIT |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CUBE | GLPI |
|---|---|---|
| Total Return (1Y) | 28.16% | -5.73% |
| Total Return (3Y, Annualized) | 12.98% | 2.26% |
| Total Return (5Y, Annualized) | 1.18% | 2.35% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CUBE | GLPI |
|---|---|---|
| Volatility (1Y, Annualized) | 22.12% | 19.48% |
| Beta (5Y) | 0.95 | 0.62 |
| Max Drawdown (5Y) | -36.93% | -20.38% |
| Avg. Volume (3M) | 2.33M | 3.28M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CUBE | GLPI |
|---|---|---|
| Sharpe Ratio (1Y) | 1.08 | -0.51 |
| Sortino Ratio (1Y) | 1.71 | -0.74 |
Profitability
ROE (TTM)
Both CubeSmart (CUBE) at 12.78% and Gaming and Leisure Properties (GLPI) at 18.69% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
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%
GLPI
Equity Real Estate Investment Trusts (REITs) industry group
18.69%
- Max
- 22.74%
- GLPI
- 18.69%
- Q3
- 10.54%
- Median
- 6.38%
- Q1
- 1.69%
- Min
- -10.86%
Net Margin (TTM)
Neither CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) nor Gaming and Leisure Properties (GLPI) 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 CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) and Gaming and Leisure Properties (GLPI) 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 | CUBE | GLPI |
|---|---|---|
| ROE (TTM) | 12.78% | 18.69% |
| ROA (TTM) | 4.42% | 6.20% |
| Net Margin (TTM) | -- | -- |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both CubeSmart (CUBE) at 5.33% and Gaming and Leisure Properties (GLPI) at 4.13% 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 CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) or Gaming and Leisure Properties (GLPI) in Equity Real Estate Investment Trusts (REITs) under our convention.
Growth Metrics
| Metric | CUBE | GLPI |
|---|---|---|
| Revenue Growth (YoY) | 5.33% | 4.13% |
| Revenue Growth (3Y CAGR) | 3.61% | 6.73% |
| EPS Growth (YoY) | -- | -- |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Gaming and Leisure Properties (GLPI) at 34.39 carries current ratio above its industry’s typical mid-range, while CubeSmart (CUBE) at 0.17 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
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
GLPI
Equity Real Estate Investment Trusts (REITs) industry group
34.39
- GLPI
- 34.39
- Max
- 4.19
- Q3
- 2.11
- Median
- 1.31
- Q1
- 0.62
- Min
- 0.06
Debt / Equity (MRQ)
Both CubeSmart (CUBE) at 1.42 and Gaming and Leisure Properties (GLPI) at 1.57 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
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
GLPI
Equity Real Estate Investment Trusts (REITs) industry group
1.57
- Max
- 2.72
- Q3
- 1.59
- GLPI
- 1.57
- Median
- 0.99
- Q1
- 0.72
- Min
- 0.20
Financial Strength Metrics
| Metric | CUBE | GLPI |
|---|---|---|
| Current Ratio (MRQ) | 0.17 | 34.39 |
| Debt / Equity (MRQ) | 1.42 | 1.57 |
| Net Debt / EBITDA | 5.06 | 5.09 |
Dividends
Dividend Yield (TTM)
Gaming and Leisure Properties (GLPI) at 8.11% delivers top-quartile income for its industry, while CubeSmart (CUBE) at 4.67% pays a more typical yield — both are credible income propositions, GLPI the richer one.
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%
GLPI
Equity Real Estate Investment Trusts (REITs) industry group
8.11%
- Max
- 8.62%
- GLPI
- 8.11%
- Q3
- 5.95%
- Median
- 4.34%
- Q1
- 3.26%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
An earnings-based payout ratio fits neither CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) nor Gaming and Leisure Properties (GLPI) 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 | CUBE | GLPI |
|---|---|---|
| Dividend Yield (TTM) | 4.67% | 8.11% |
| Dividend Payout Ratio (TTM) | -- | -- |
Valuation
P/E Ratio (TTM)
P/E ratio is not a meaningful valuation yardstick for either CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) or Gaming and Leisure Properties (GLPI) 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)
Gaming and Leisure Properties (GLPI) at 6.88 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.
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
GLPI
Equity Real Estate Investment Trusts (REITs) industry group
6.88
- Max
- 14.47
- Q3
- 8.02
- GLPI
- 6.88
- Median
- 5.98
- Q1
- 3.27
- Min
- 0.43
P/B Ratio (MRQ)
Gaming and Leisure Properties (GLPI) at 2.28 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.
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
GLPI
Equity Real Estate Investment Trusts (REITs) industry group
2.28
- Max
- 4.06
- Q3
- 2.53
- GLPI
- 2.28
- Median
- 1.64
- Q1
- 1.06
- Min
- 0.21
Valuation Metrics
| Metric | CUBE | GLPI |
|---|---|---|
| P/E Ratio (TTM) | -- | -- |
| P/S Ratio (TTM) | 8.80 | 6.88 |
| P/B Ratio (MRQ) | 4.06 | 2.28 |
| Free Cash Flow Yield (TTM) | -- | -- |