CubeSmart (CUBE) vs Terreno Realty Corporation (TRNO)
A side-by-side comparison of CubeSmart and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 8, 2026. Differences are shown without an overall score or investment verdict.
CUBE
CubeSmart
$41.77Real EstateAt close: Aug 7, 2026, 4:00 PM ET
TRNO
Terreno Realty Corporation
$68.76Real EstateAt close: Aug 7, 2026, 4:00 PM ET
Total return — CUBE vs TRNO
growth of $100 · dividends reinvested · last 16yCUBE +1065.3%TRNO +461.1%CUBE compounded faster
CUBE TRNO
CUBE vs TRNO: by the numbers
- •CUBE is the larger company ($9.46B vs $7.31B market cap).
- •TRNO trades at the lower trailing earnings multiple (18.48 vs 22.95 P/E), one valuation lens rather than an overall verdict.
- •TRNO converts more revenue to profit (77.27% vs 31.41% net margin).
- •TRNO grew revenue faster over the past five years (20.25% vs 12.41% CAGR).
- •CUBE pays the higher dividend yield (5.05% vs 3.03%).
Metrics side by side
Valuation
| Metric | CUBE | TRNO |
|---|---|---|
| P/E ratio | 22.95 | 18.48 |
| Forward P/E | 28.31 | 35.32 |
| P/S ratio | 7.17 | 14.59 |
| P/B ratio | 3.70 | 1.65 |
| PEG ratio | 2.01 | 0.14 |
| EV / EBITDA | 17.19 | 27.56 |
| FCF yield | 7.46% | 3.44% |
Profitability
| Metric | CUBE | TRNO |
|---|---|---|
| Gross margin | 22.74% | 75.84% |
| Operating margin | 38.19% | 40.39% |
| Net margin | 31.41% | 77.27% |
| ROE | 16.19% | 8.77% |
| ROIC | 8.31% | 3.22% |
Dividends
| Metric | CUBE | TRNO |
|---|---|---|
| Dividend yield | 5.05% | 3.03% |
| Payout ratio | 144.52% | 52.93% |
Growth (annualized)
| Metric | CUBE | TRNO |
|---|---|---|
| Revenue CAGR (5Y) | 12.41% | 20.25% |
| EPS CAGR (5Y) | 11.43% | 35.52% |
| FCF CAGR (5Y) | 13.36% | 26.49% |
| Total return CAGR (5Y) | 0.85% | 3.08% |
Frequently asked
- Which has the lower trailing P/E, CUBE or TRNO?
- TRNO has the lower trailing P/E: CUBE trades at 22.95 and TRNO at 18.48. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CUBE or TRNO?
- Over the past five years, TRNO grew revenue faster — CUBE at a 12.41% CAGR versus TRNO at 20.25%.
- Does CUBE or TRNO pay a bigger dividend?
- CUBE yields 5.05% and TRNO yields 3.03% based on trailing dividends and the latest price.
- Is CUBE or TRNO more profitable?
- TRNO runs the higher net margin — CUBE at 31.41% versus TRNO at 77.27%.
- How have CUBE and TRNO total returns compared?
- Over the past 10 years, CUBE delivered 8.70% and TRNO delivered 12.71% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
CubeSmart P/E ratioTerreno Realty P/E ratioCubeSmart dividend yieldTerreno Realty dividend yieldCubeSmart ROETerreno Realty ROECubeSmart operating marginTerreno Realty operating marginCubeSmart revenue growthTerreno Realty revenue growthCubeSmart free cash flowTerreno Realty free cash flow
CubeSmart & Terreno Realty appear in these rankings
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 August 8, 2026.