CubeSmart (CUBE) vs Terreno Realty Corporation (TRNO)

TRNO leads on 10 of 15 compared metrics.

A side-by-side comparison of CubeSmart and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 24, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total return — CUBE vs TRNO

growth of $100 · last 16y
CUBE +507.0%TRNO +252.0%CUBE compounded faster
0200400600800Start $10020132016201920222025$607$352
CUBE TRNO

CUBE vs TRNO: by the numbers

  • CUBE is the larger company ($9.27B vs $6.98B market cap).
  • TRNO trades at the lower earnings multiple (16.09 vs 28.77 P/E).
  • TRNO converts more revenue to profit (86.52% vs 28.93% net margin).
  • TRNO grew revenue faster over the past five years (20.57% vs 9.95% CAGR).
  • CUBE pays the higher dividend yield (5.14% vs 3.12%).

Which is better, CUBE or TRNO?

Metric tally: CUBE 5 · TRNO 10

It depends on what you're optimizing for:

ValueTRNO(lower P/E)
GrowthTRNO(faster 5Y revenue CAGR)
IncomeCUBE(higher dividend yield)
QualityCUBE(higher ROIC)

Metrics side by side

Valuation

MetricCUBETRNO
P/E ratio28.7716.09
Forward P/E27.2539.08
P/S ratio8.2414.09
P/B ratio3.521.61
PEG ratio2.520.14
EV / EBITDA18.1313.52

Profitability

MetricCUBETRNO
Gross margin11.86%63.89%
Operating margin39.51%40.81%
Net margin28.93%86.52%
ROE12.36%9.88%
ROIC6.76%3.66%

Dividends

MetricCUBETRNO
Dividend yield5.14%3.12%
Payout ratio143.84%52.16%

Growth (annualized)

MetricCUBETRNO
Revenue CAGR (5Y)9.95%20.57%
EPS CAGR (5Y)11.43%35.52%
Total return CAGR (5Y)1.58%2.81%

Frequently asked

Which is better, CUBE or TRNO?
It depends on your goal. value: TRNO (lower P/E); growth: TRNO (faster 5Y revenue CAGR); income: CUBE (higher dividend yield); quality: CUBE (higher ROIC). Across all compared metrics, TRNO leads 10 to 5.
Is CUBE or TRNO cheaper?
On trailing earnings, TRNO is cheaper: CUBE trades at a 28.77 P/E and TRNO at 16.09.
Which has grown faster, CUBE or TRNO?
Over the past five years, TRNO grew revenue faster — CUBE at a 9.95% CAGR versus TRNO at 20.57%.
Does CUBE or TRNO pay a bigger dividend?
CUBE yields 5.14% and TRNO yields 3.12% based on trailing dividends and the latest price.
Is CUBE or TRNO more profitable?
TRNO runs the higher net margin — CUBE at 28.93% versus TRNO at 86.52%.
Which has been the better investment, CUBE or TRNO?
Over the past 10-year, TRNO delivered the higher annualized total return — CUBE at 7.68% versus TRNO at 12.95%. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 24, 2026.