Is PSA or TRNO cheaper?

On trailing earnings, TRNO is cheaper: PSA trades at a 33.64 P/E and TRNO at 16.49.

Which has grown faster, PSA or TRNO?

Over the past five years, TRNO grew revenue faster — PSA at a 10.32% CAGR versus TRNO at 20.57%.

Does PSA or TRNO pay a bigger dividend?

PSA yields 2.76% and TRNO yields 3.05% based on trailing dividends and the latest price.

Is PSA or TRNO more profitable?

TRNO runs the higher net margin — PSA at 39.16% versus TRNO at 86.52%.

Which has been the better investment, PSA or TRNO?

Over the past 10-year, TRNO delivered the higher annualized total return — PSA at 6.79% versus TRNO at 13.47%. Past performance doesn't predict future results.

Public Storage (PSA) vs Terreno Realty Corporation (TRNO)

TRNO leads on 10 of 17 compared metrics.

A side-by-side comparison of Public Storage and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Terreno Realty Corporation

$7.15B

$67.27Real Estate

Total return — PSA vs TRNO

growth of $100 · last 16y

PSA +328.6%TRNO +260.7%PSA compounded faster

PSA TRNO

PSA vs TRNO: by the numbers

•PSA is the larger company ($57.22B vs $7.15B market cap).
•TRNO trades at the lower earnings multiple (16.49 vs 33.64 P/E).
•TRNO converts more revenue to profit (86.52% vs 39.16% net margin).
•TRNO grew revenue faster over the past five years (20.57% vs 10.32% CAGR).
•TRNO pays the higher dividend yield (3.05% vs 2.76%).

Which is better, PSA or TRNO?

Metric tally: PSA 7 · TRNO 10

It depends on what you're optimizing for:

ValueTRNO(lower P/E)

GrowthTRNO(faster 5Y revenue CAGR)

IncomeTRNO(higher dividend yield)

QualityPSA(higher ROIC)

Valuation

Metric	PSA	TRNO
P/E ratio	33.64	16.49●
Forward P/E	32.82●	40.04
P/S ratio	11.80●	14.43
P/B ratio	6.22	1.65●
PEG ratio	4.47	0.14●
EV / EBITDA	20.76	13.82●
FCF yield	5.34%●	2.87%

Profitability

Metric	PSA	TRNO
Gross margin	60.63%	63.89%●
Operating margin	50.85%●	40.81%
Net margin	39.16%	86.52%●
ROE	20.63%●	9.88%
ROIC	11.50%●	3.66%

Dividends

Metric	PSA	TRNO
Dividend yield	2.76%	3.05%●
Payout ratio	99.56%	52.16%

Growth (annualized)

Metric	PSA	TRNO
Revenue CAGR (5Y)	10.32%	20.57%●
EPS CAGR (5Y)	7.52%	35.52%●
FCF CAGR (5Y)	9.58%	22.41%●
Total return CAGR (5Y)	5.63%●	3.07%

Frequently asked

Which is better, PSA or TRNO?: It depends on your goal. value: TRNO (lower P/E); growth: TRNO (faster 5Y revenue CAGR); income: TRNO (higher dividend yield); quality: PSA (higher ROIC). Across all compared metrics, TRNO leads 10 to 7.
Is PSA or TRNO cheaper?: On trailing earnings, TRNO is cheaper: PSA trades at a 33.64 P/E and TRNO at 16.49.
Which has grown faster, PSA or TRNO?: Over the past five years, TRNO grew revenue faster — PSA at a 10.32% CAGR versus TRNO at 20.57%.
Does PSA or TRNO pay a bigger dividend?: PSA yields 2.76% and TRNO yields 3.05% based on trailing dividends and the latest price.
Is PSA or TRNO more profitable?: TRNO runs the higher net margin — PSA at 39.16% versus TRNO at 86.52%.
Which has been the better investment, PSA or TRNO?: Over the past 10-year, TRNO delivered the higher annualized total return — PSA at 6.79% versus TRNO at 13.47%. Past performance doesn't predict future results.

Go deeper

Full PSA analysis Full TRNO analysis Interactive comparison tool

Dig into the metrics

Public Storage P/E ratio Terreno Realty P/E ratio Public Storage dividend yield Terreno Realty dividend yield Public Storage ROE Terreno Realty ROE Public Storage operating margin Terreno Realty operating margin Public Storage revenue growth Terreno Realty revenue growth Public Storage free cash flow Terreno Realty free cash flow

Public Storage & Terreno Realty appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

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 13, 2026.