The Filing Desk

CubeSmart vs Prologis

CubeSmart CUBE · Prologis PLD · Industrial REITs

Prologis reported revenue of $8.8 billion in fiscal 2025, 7.8 times CubeSmart's $1.1 billion in fiscal 2025. CubeSmart's revenue grew 5.3% in its latest year, and Prologis' grew 7.2%.

Side by side

CubeSmartPrologis
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$1.1B$8.8B
Revenue growth5.3%7.2%
Revenue growth a year, last 5 years10.6%14.6%
Gross margin68.7%—
Operating margin—49.6%
Net margin29.5%37.9%
Free cash flow——
Free cash flow margin——
Return on capital—4.6%
Net debt to EBITDA—4.8x
Dividends and buybacks$508M$3.8B
Change in diluted share count0.9%0.3%
Last close$40.14$126.31
P/E at the last close28.1×31.8×
Insider trades, last 12 monthssold $7.3 millionsold $8.2 million
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
CubeSmartPrologis
Operating margin
Percent of revenue
CubeSmartPrologis
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
CubeSmartPrologis

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the CubeSmart and Prologis pages.