WallStSmart

CubeSmart (CUBE)vsFirst Industrial Realty Trust Inc (FR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

CubeSmart generates 55% more annual revenue ($1.13B vs $727.56M). FR leads profitability with a 34.0% profit margin vs 29.6%. FR appears more attractively valued with a PEG of 3.74. FR earns a higher WallStSmart Score of 55/100 (C).

CUBE

Buy

54

out of 100

Grade: C-

Growth: 4.0Profit: 8.0Value: 4.7Quality: 4.5
Piotroski: 3/9Altman Z: 0.57

FR

Buy

55

out of 100

Grade: C

Growth: 7.3Profit: 8.0Value: 5.3Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CUBESignificantly Overvalued (-288.8%)

Margin of Safety

-288.8%

Fair Value

$9.93

Current Price

$36.69

$26.76 premium

UndervaluedFair: $9.93Overvalued
FRFair Value (-2.0%)

Margin of Safety

-2.0%

Fair Value

$58.19

Current Price

$57.00

$1.19 premium

UndervaluedFair: $58.19Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CUBE2 strengths · Avg: 9.5/10
Operating MarginProfitability
39.5%10/10

Strong operational efficiency at 39.5%

Profit MarginProfitability
29.6%9/10

Keeps 30 of every $100 in revenue as profit

FR3 strengths · Avg: 9.3/10
Profit MarginProfitability
34.0%10/10

Keeps 34 of every $100 in revenue as profit

Operating MarginProfitability
42.1%10/10

Strong operational efficiency at 42.1%

Price/BookValuation
2.8x8/10

Reasonable price relative to book value

Areas to Watch

CUBE4 concerns · Avg: 3.0/10
P/E RatioValuation
25.1x4/10

Moderate valuation

Debt/EquityHealth
1.263/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
5.332/10

Expensive relative to growth rate

FR3 concerns · Avg: 2.7/10
P/E RatioValuation
32.5x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
3.742/10

Expensive relative to growth rate

Free Cash FlowQuality
$-508.18M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : CUBE

The strongest argument for CUBE centers on Operating Margin, Profit Margin. Profitability is solid with margins at 29.6% and operating margin at 39.5%.

Bull Case : FR

The strongest argument for FR centers on Profit Margin, Operating Margin, Price/Book. Profitability is solid with margins at 34.0% and operating margin at 42.1%.

Bear Case : CUBE

The primary concerns for CUBE are P/E Ratio, Debt/Equity, Piotroski F-Score.

Bear Case : FR

The primary concerns for FR are P/E Ratio, PEG Ratio, Free Cash Flow.

Key Dynamics to Monitor

FR carries more volatility with a beta of 1.12 — expect wider price swings.

FR is growing revenue faster at 7.7% — sustainability is the question.

CUBE generates stronger free cash flow (122M), providing more financial flexibility.

Monitor REIT - INDUSTRIAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

FR scores higher overall (55/100 vs 54/100), backed by strong 34.0% margins. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

CubeSmart

REAL ESTATE · REIT - INDUSTRIAL · USA

CubeSmart is a self-managed and self-managed real estate investment trust.

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First Industrial Realty Trust Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated industrial real estate owner, operator, and developer with a history of providing industry-leading customer service to multinational corporations and regional clients.

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