CUBE vs. WPC: CubeSmart vs. W. P. Carey Stock Comparison

November 11, 2026

How do CubeSmart (CUBE) and W. P. Carey (WPC) 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 W. P. Carey (WPC) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but CUBE is classified in Specialized REITs while WPC is classified in Diversified REITs.

Both CubeSmart (CUBE) and W. P. Carey (WPC) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Company profile comparison for CubeSmart (CUBE) and W. P. Carey (WPC)
Profile Item	CUBE	WPC
Name	CubeSmart	W. P. Carey 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	Diversified REITs
GICS Sub-Industry	Self-Storage REITs	Diversified REITs
Market Capitalization	10.10 billion USD	14.97 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 22, 2004	January 21, 1998
Security Type	REIT	REIT

Price Performance

Cumulative Growth

CUBE

WPC

GSPC

CubeSmart (CUBE) vs. W. P. Carey (WPC), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for CubeSmart (CUBE) and W. P. Carey (WPC). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for CubeSmart (CUBE) and W. P. Carey (WPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for CubeSmart (CUBE) and W. P. Carey (WPC)
Metric	CUBE	WPC
Total Return (1Y)	28.16%	3.70%
Total Return (3Y, Annualized)	12.98%	13.11%
Total Return (5Y, Annualized)	1.18%	3.23%

Risk Profile

Drawdown History

CUBE

WPC

GSPC

CubeSmart (CUBE) vs. W. P. Carey (WPC), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for CubeSmart (CUBE) and W. P. Carey (WPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CubeSmart (CUBE) and W. P. Carey (WPC)
Metric	CUBE	WPC
Volatility (1Y, Annualized)	22.12%	17.83%
Beta (5Y)	0.95	0.74
Max Drawdown (5Y)	-36.93%	-36.81%
Avg. Volume (3M)	2.33M	1.52M

Risk-Adjusted Performance

Risk-Return Positioning

CUBE and WPC are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for CubeSmart (CUBE) and W. P. Carey (WPC)
Metric	CUBE	WPC
Sharpe Ratio (1Y)	1.08	-0.03
Sortino Ratio (1Y)	1.71	-0.05

Profitability

ROE (TTM)

CubeSmart (CUBE) at 12.78% sits in the top ROE quartile, while W. P. Carey (WPC) at 7.76% is closer to the peer norm — stronger capital efficiency for CUBE.

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%

WPC

Equity Real Estate Investment Trusts (REITs) industry group

7.76%

Max: 22.74%
Q3: 10.54%
WPC: 7.76%
Median: 6.38%
Q1: 1.69%
Min: -10.86%

CubeSmart (CUBE) vs. W. P. Carey (WPC): A comparison of their ROE against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Net Margin (TTM)

Neither CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) nor W. P. Carey (WPC) 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 W. P. Carey (WPC) 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

Profitability metrics for CubeSmart (CUBE) and W. P. Carey (WPC)
Metric	CUBE	WPC
ROE (TTM)	12.78%	7.76%
ROA (TTM)	4.42%	3.54%
Net Margin (TTM)	--	--
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both CubeSmart (CUBE) at 5.33% and W. P. Carey (WPC) at 8.43% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

CubeSmart (CUBE) vs. W. P. Carey (WPC): A comparison of their Revenue Growth across different time periods.

EPS Growth

EPS growth isn't a meaningful figure for either CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) or W. P. Carey (WPC) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Growth metrics for CubeSmart (CUBE) and W. P. Carey (WPC)
Metric	CUBE	WPC
Revenue Growth (YoY)	5.33%	8.43%
Revenue Growth (3Y CAGR)	3.61%	5.09%
EPS Growth (YoY)	--	--
EPS Growth (3Y CAGR)	--	--

Financial Strength

Current Ratio (MRQ)

W. P. Carey (WPC) at 1.64 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.

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

WPC

Equity Real Estate Investment Trusts (REITs) industry group

1.64

Max: 4.19
Q3: 2.11
WPC: 1.64
Median: 1.31
Q1: 0.62
Min: 0.06

CubeSmart (CUBE) vs. W. P. Carey (WPC): A comparison of their current ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Debt / Equity (MRQ)

Both CubeSmart (CUBE) at 1.42 and W. P. Carey (WPC) at 1.00 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

WPC

Equity Real Estate Investment Trusts (REITs) industry group

1.00

Max: 2.72
Q3: 1.59
WPC: 1.00
Median: 0.99
Q1: 0.72
Min: 0.20

CubeSmart (CUBE) vs. W. P. Carey (WPC): A comparison of their debt-to-equity ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Financial Strength Metrics

Financial strength metrics for CubeSmart (CUBE) and W. P. Carey (WPC)
Metric	CUBE	WPC
Current Ratio (MRQ)	0.17	1.64
Debt / Equity (MRQ)	1.42	1.00
Net Debt / EBITDA	5.06	5.52

Dividends

Dividend Yield (TTM)

Both CubeSmart (CUBE) at 4.67% and W. P. Carey (WPC) at 5.73% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

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%

WPC

Equity Real Estate Investment Trusts (REITs) industry group

5.73%

Max: 8.62%
Q3: 5.95%
WPC: 5.73%
Median: 4.34%
Q1: 3.26%
Min: 0.00%

CubeSmart (CUBE) vs. W. P. Carey (WPC): A comparison of their dividend yield against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Dividend Payout Ratio (TTM)

An earnings-based payout ratio fits neither CubeSmart (CUBE) in Equity Real Estate Investment Trusts (REITs) nor W. P. Carey (WPC) 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

Dividend metrics for CubeSmart (CUBE) and W. P. Carey (WPC)
Metric	CUBE	WPC
Dividend Yield (TTM)	4.67%	5.73%
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 W. P. Carey (WPC) 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)

Both CubeSmart (CUBE) at 8.80 and W. P. Carey (WPC) at 8.06 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

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

WPC

Equity Real Estate Investment Trusts (REITs) industry group

8.06

Max: 14.47
WPC: 8.06
Q3: 8.02
Median: 5.98
Q1: 3.27
Min: 0.43

CubeSmart (CUBE) vs. W. P. Carey (WPC): A comparison of their P/S ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

P/B Ratio (MRQ)

W. P. Carey (WPC) at 1.71 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

WPC

Equity Real Estate Investment Trusts (REITs) industry group

1.71

Max: 4.06
Q3: 2.53
WPC: 1.71
Median: 1.64
Q1: 1.06
Min: 0.21

CubeSmart (CUBE) vs. W. P. Carey (WPC): A comparison of their P/B ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Valuation Metrics

Valuation metrics for CubeSmart (CUBE) and W. P. Carey (WPC)
Metric	CUBE	WPC
P/E Ratio (TTM)	--	--
P/S Ratio (TTM)	8.80	8.06
P/B Ratio (MRQ)	4.06	1.71
Free Cash Flow Yield (TTM)	--	--