CubeSmart (CUBE)vsInnovative Industrial Properties Inc (IIPR)
CUBE
CubeSmart
$36.20
-0.19%
REAL ESTATE · Cap: $8.31B
IIPR
Innovative Industrial Properties Inc
$52.35
-0.38%
REAL ESTATE · Cap: $1.47B
Smart Verdict
WallStSmart Research — data-driven comparison
CubeSmart generates 323% more annual revenue ($1.13B vs $265.95M). IIPR leads profitability with a 44.5% profit margin vs 29.6%. IIPR trades at a lower P/E of 13.3x. CUBE earns a higher WallStSmart Score of 54/100 (C-).
CUBE
Buy54
out of 100
Grade: C-
IIPR
Buy52
out of 100
Grade: C-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-297.2%
Fair Value
$9.72
Current Price
$36.20
$26.48 premium
Margin of Safety
-75.6%
Fair Value
$26.72
Current Price
$52.35
$25.63 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Strong operational efficiency at 39.5%
Keeps 30 of every $100 in revenue as profit
Reasonable price relative to book value
Keeps 45 of every $100 in revenue as profit
Strong operational efficiency at 51.3%
Attractively priced relative to earnings
Areas to Watch
Moderate valuation
Elevated debt levels
Weak financial health signals
Expensive relative to growth rate
Smaller company, higher risk/reward
ROE of 6.3% — below average capital efficiency
Revenue declined 13.1%
Earnings declined 22.1%
Comparative Analysis Report
WallStSmart ResearchBull Case : CUBE
The strongest argument for CUBE centers on Operating Margin, Profit Margin. Profitability is solid with margins at 29.6% and operating margin at 39.5%.
Bull Case : IIPR
The strongest argument for IIPR centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 44.5% and operating margin at 51.3%.
Bear Case : CUBE
The primary concerns for CUBE are P/E Ratio, Debt/Equity, Piotroski F-Score.
Bear Case : IIPR
The primary concerns for IIPR are Market Cap, Return on Equity, Revenue Growth.
Key Dynamics to Monitor
CUBE profiles as a mature stock while IIPR is a declining play — different risk/reward profiles.
IIPR carries more volatility with a beta of 1.50 — expect wider price swings.
CUBE is growing revenue faster at 5.6% — sustainability is the question.
CUBE generates stronger free cash flow (122M), providing more financial flexibility.
Bottom Line
CUBE scores higher overall (54/100 vs 52/100), backed by strong 29.6% 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.
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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