WallStSmart

CubeSmart (CUBE)vsChicago Atlantic Real Estate Finance Inc (REFI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

CubeSmart generates 1976% more annual revenue ($1.13B vs $54.66M). REFI leads profitability with a 65.9% profit margin vs 28.9%. REFI trades at a lower P/E of 7.3x. REFI earns a higher WallStSmart Score of 51/100 (C-).

CUBE

Hold

49

out of 100

Grade: D+

Growth: 3.3Profit: 8.0Value: 6.0Quality: 3.0
Piotroski: 3/9Altman Z: 0.57

REFI

Buy

51

out of 100

Grade: C-

Growth: 4.0Profit: 8.5Value: 7.7Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CUBEUndervalued (+33.3%)

Margin of Safety

+33.3%

Fair Value

$57.89

Current Price

$40.28

$17.61 discount

UndervaluedFair: $57.89Overvalued
REFIUndervalued (+18.7%)

Margin of Safety

+18.7%

Fair Value

$14.64

Current Price

$12.25

$2.39 discount

UndervaluedFair: $14.64Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CUBE2 strengths · Avg: 9.5/10
Operating MarginProfitability
40.3%10/10

Strong operational efficiency at 40.3%

Profit MarginProfitability
28.9%9/10

Keeps 29 of every $100 in revenue as profit

REFI4 strengths · Avg: 10.0/10
P/E RatioValuation
7.3x10/10

Attractively priced relative to earnings

Price/BookValuation
0.8x10/10

Reasonable price relative to book value

Profit MarginProfitability
65.9%10/10

Keeps 66 of every $100 in revenue as profit

Operating MarginProfitability
57.7%10/10

Strong operational efficiency at 57.7%

Areas to Watch

CUBE4 concerns · Avg: 3.5/10
P/E RatioValuation
27.5x4/10

Moderate valuation

Revenue GrowthGrowth
3.3%4/10

3.3% revenue growth

Debt/EquityHealth
1.263/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

REFI3 concerns · Avg: 3.0/10
Revenue GrowthGrowth
2.7%4/10

2.7% revenue growth

Market CapQuality
$259.79M3/10

Smaller company, higher risk/reward

EPS GrowthGrowth
-3.3%2/10

Earnings declined 3.3%

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 28.9% and operating margin at 40.3%.

Bull Case : REFI

The strongest argument for REFI centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 65.9% and operating margin at 57.7%.

Bear Case : CUBE

The primary concerns for CUBE are P/E Ratio, Revenue Growth, Debt/Equity.

Bear Case : REFI

The primary concerns for REFI are Revenue Growth, Market Cap, EPS Growth.

Key Dynamics to Monitor

CUBE carries more volatility with a beta of 1.13 — expect wider price swings.

CUBE is growing revenue faster at 3.3% — sustainability is the question.

CUBE generates stronger free cash flow (149M), providing more financial flexibility.

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

Bottom Line

REFI scores higher overall (51/100 vs 49/100), backed by strong 65.9% margins. CUBE offers better value entry with a 33.3% margin of safety. Both earn "Buy" and "Hold" 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 →

Chicago Atlantic Real Estate Finance Inc

REAL ESTATE · REIT - MORTGAGE · USA

Chicago Atlantic Real Estate Finance Inc. is a specialized Real Estate Investment Trust (REIT) dedicated to providing secured financing solutions primarily to the rapidly growing cannabis industry. The company is uniquely positioned to capitalize on this burgeoning sector, aiming to enhance shareholder value through a diversified and strategically managed portfolio. With a robust risk management framework and an experienced management team possessing profound industry knowledge, Chicago Atlantic is well-equipped to navigate the complex regulatory landscapes, seeking to deliver attractive risk-adjusted returns for institutional investors.

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