CubeSmart (CUBE)vsInnovative Industrial Properties Inc (IIPR)
CUBE
CubeSmart
$37.61
-1.39%
REAL ESTATE · Cap: $8.97B
IIPR
Innovative Industrial Properties Inc
$55.59
+0.56%
REAL ESTATE · Cap: $1.56B
Smart Verdict
WallStSmart Research — data-driven comparison
CubeSmart generates 332% more annual revenue ($1.14B vs $263.65M). IIPR leads profitability with a 52.3% profit margin vs 29.3%. IIPR trades at a lower P/E of 12.7x. IIPR earns a higher WallStSmart Score of 64/100 (C+).
CUBE
Buy56
out of 100
Grade: C
IIPR
Buy64
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+26.8%
Fair Value
$52.76
Current Price
$37.61
$15.15 discount
Intrinsic value data unavailable for IIPR.
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Strong operational efficiency at 41.1%
Keeps 29 of every $100 in revenue as profit
Reasonable price relative to book value
Keeps 52 of every $100 in revenue as profit
Strong operational efficiency at 48.8%
Earnings expanding 57.7% YoY
Attractively priced relative to earnings
Areas to Watch
Moderate valuation
1.5% revenue growth
Elevated debt levels
Weak financial health signals
0.7% revenue growth
Smaller company, higher risk/reward
ROE of 6.3% — below average capital efficiency
Weak financial health signals
Comparative Analysis Report
WallStSmart ResearchBull Case : CUBE
The strongest argument for CUBE centers on Operating Margin, Profit Margin. Profitability is solid with margins at 29.3% and operating margin at 41.1%.
Bull Case : IIPR
The strongest argument for IIPR centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 52.3% and operating margin at 48.8%.
Bear Case : CUBE
The primary concerns for CUBE are P/E Ratio, Revenue Growth, Debt/Equity.
Bear Case : IIPR
The primary concerns for IIPR are Revenue Growth, Market Cap, Return on Equity.
Key Dynamics to Monitor
IIPR carries more volatility with a beta of 1.40 — expect wider price swings.
CUBE is growing revenue faster at 1.5% — sustainability is the question.
CUBE generates stronger free cash flow (109M), providing more financial flexibility.
Monitor REIT - INDUSTRIAL industry trends, competitive dynamics, and regulatory changes.
Bottom Line
IIPR scores higher overall (64/100 vs 56/100), backed by strong 52.3% margins. CUBE offers better value entry with a 26.8% margin of safety. 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.
Visit Website →Innovative Industrial Properties Inc
REAL ESTATE · REIT - INDUSTRIAL · USA
Innovative Industrial Properties, Inc. is a self-advising Maryland corporation focused on acquiring, owning, and managing specialty properties leased to experienced state-licensed operators for their regulated medical cannabis facilities.
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