Data as of the October 19, 2026 close. Every figure on this page is checked against at least two independent sources, or two separate SEC filings, before it is published. How we verify data.
Extra Space Storage (EXR) and CubeSmart (CUBE) are both self-storage REITs, classed as Self-Storage on REIT Rankings. Here is how they compare on verified numbers as of the October 19, 2026 close, from dividends and debt to rate sensitivity and returns this year.
| Measure | Extra Space Storage (EXR) | CubeSmart (CUBE) |
|---|---|---|
| Share price | $138.18 | $38.58 |
| Market cap | $29.2B | $8.7B |
| Dividend yield | 4.69% | 5.50% |
| Annual dividend per share | $6.48 | $2.12 |
| Pays | Quarterly | Quarterly |
| Consecutive years of dividend increases | n/a | 15 |
| Dividend growth per year, 2020 to 2025 | 12.5% | 9.5% |
| Dividend increase in 2026 (confirmed in filings) | No increase | Not yet confirmed |
| Liabilities to assets | 52.2% (June 30) | 60.0% (June 30) |
| Revenue growth, latest quarter vs a year earlier | +3.9% | +1.5% |
| Price change year to date | +6.1% | +7.0% |
| Price change since Sept. 15 | +0.6% | -3.4% |
| 52-week range (closing) | $126.69 to $152.85 | $35.36 to $42.50 |
| Typical move per 0.25-point rise in the 10-year yield | -4.6% | -4.2% |
| REIT Rankings grade | B 78 | B 73 |
| Third-quarter 2026 results | Not yet filed; page updates when it is | Not yet filed; page updates when it is |
Who Leads on Each Measure
| Measure | Leader |
|---|---|
| Higher dividend yield | CubeSmart |
| Faster five-year dividend growth | Extra Space Storage |
| Lower leverage | Extra Space Storage |
| Less sensitive to rising rates | CubeSmart |
| Better price change this year | CubeSmart |
| Higher REIT Rankings grade | Extra Space Storage |
Where They Differ
CubeSmart pays the higher yield, 5.50% against 4.69% for Extra Space Storage. CubeSmart carries more leverage, with liabilities equal to 60.0% of assets against 52.2%. Over the past year Extra Space Storage has been more sensitive to Treasury yields, typically moving -4.6% for each 0.25-point rise in the 10-year yield against -4.2% for CubeSmart. This year Extra Space Storage shares have moved +6.1% and CubeSmart shares +7.0%.
Read the full profiles for portfolio, tenant and balance sheet detail: Extra Space Storage and CubeSmart.
How These Numbers Are Checked
Prices, returns and 52-week ranges are computed separately from Nasdaq and Cboe records and must agree. Dividend rates are checked against the per-share dividends in each company’s latest 10-Q, growth streaks against their 10-K filings, and leverage and revenue come from the balance sheets and income statements filed with the SEC. Third-quarter results replace the latest-quarter figures as soon as each company files. How we verify data.
Frequently Asked Questions
Which pays a higher dividend, EXR or CUBE?
Extra Space Storage yields 4.69% and pays $6.48 a share a year (quarterly); CubeSmart yields 5.50% and pays $2.12 (quarterly), as of October 19, 2026.
Which has raised its dividend longer, EXR or CUBE?
Extra Space Storage: streak not yet verified; CubeSmart: 15 consecutive years of increases. Five-year dividend growth: 12.5% for Extra Space Storage and 9.5% for CubeSmart.
Which has more debt, EXR or CUBE?
On the latest balance sheets, Extra Space Storage’s liabilities equal 52.2% of total assets and CubeSmart’s equal 60.0%. Book leverage is one measure; debt maturities and interest coverage matter too.
Which is more sensitive to interest rates, EXR or CUBE?
Over the past year, Extra Space Storage has typically moved -4.6% and CubeSmart -4.2% for each 0.25-point rise in the 10-year Treasury yield. Since September 15, 2026, Extra Space Storage has moved +0.6% and CubeSmart -3.4%.
Is EXR or CUBE the better investment?
REIT Rankings does not make buy, sell or hold calls. On our grades, which measure dividend safety, balance sheet, portfolio, growth and valuation, Extra Space Storage scores 78 and CubeSmart scores 73, so Extra Space Storage rates higher on business quality. Which suits you depends on whether you value current yield, dividend growth or lower rate risk more.
Related Pages
Best Self-Storage REITs · Public Storage vs. Extra Space Storage · Public Storage vs. CubeSmart · All REIT comparisons
REIT Rankings publishes data and grades, not investment advice. Nothing on this page is a recommendation to buy, sell or hold any security. Do your own research or consult a licensed advisor.