CubeSmart (CUBE) vs Terreno Realty (TRNO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Terreno Realty (TRNO) has outperformed CubeSmart (CUBE) over the past year, gaining 8.5% versus a loss of 7.0%. Over five years, TRNO leads with a -7.5% price change compared with -28.5% for CUBE. CubeSmart is the larger company by market cap ($8.43 billion vs $6.90 billion), about 1.2 times the size, while Terreno Realty is growing revenue faster (+24.5% vs +5.3%).
On valuation, CubeSmart trades at a lower forward P/E (23.2x vs 35.9x for Terreno Realty). CubeSmart offers the higher dividend yield (5.67% vs 3.28%). Terreno Realty converts more of its revenue into profit, with a net margin of 84.6% versus 29.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CUBE | TRNO |
|---|---|---|
| Share price | $37.23 | $63.34 |
| Market cap | $8.43B | $6.90B |
| 1-day change | -1.40% | -1.39% |
| YTD return | +3.27% | +7.89% |
| 1-year return | -7.02% | +8.51% |
| 5-year return | -28.54% | -7.47% |
| P/E ratio (TTM) | 25.85 | 17.03 |
| Forward P/E | 23.24 | 35.89 |
| EPS (TTM) | $1.44 | $3.72 |
| Dividend yield | 5.67% | 3.28% |
| Annual dividend | $2.11 | $2.08 |
| Revenue (latest FY) | $1.12B | $476.38M |
| Revenue growth (YoY) | +5.33% | +24.51% |
| Net income (latest FY) | $331.32M | $402.99M |
| Gross margin | 68.71% | — |
| Net margin | 29.50% | 84.59% |
| 52-week high | $43.26 | $78.94 |
| 52-week low | $35.09 | $55.92 |
| Distance from 52-week high | -13.94% | -19.76% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +17.19% | +17.02% |
| Average volume | 2.38M | 748.55K |
| Shares outstanding | 225.16M | 108.97M |
| Employees | 3,121 | 47 |
| Sector | Real Estate | Finance |
| Industry | Real Estate Investment Trusts | Real Estate |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- TRNO has outperformed CUBE by 15.5 percentage points over the past year.
- CubeSmart trades at a higher earnings multiple (25.9x vs 17.0x trailing P/E).
- CubeSmart offers a meaningfully higher dividend yield (5.67% vs 3.28%).
- Terreno Realty is more profitable, keeping 84.6 cents of every revenue dollar as net income versus 29.5 cents for CubeSmart.
- Terreno Realty grew revenue faster in its latest fiscal year (+24.51% vs +5.33%).
- The two companies sit in different sectors: CubeSmart in Real Estate and Terreno Realty in Finance.
About CubeSmart
CUBE stock →CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers.
Real Estate · Real Estate Investment Trusts · 3,121 employees
About Terreno Realty
TRNO stock →Terreno Realty Corporation an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets.
Finance · Real Estate · 47 employees
CUBE vs TRNO FAQ
Which is bigger, CubeSmart or Terreno Realty?
CubeSmart (CUBE) is larger, with a market capitalization of $8.43B compared with $6.90B for Terreno Realty (TRNO).
Which stock has performed better over the past year, CUBE or TRNO?
TRNO returned +8.51% over the past 12 months, compared with -7.02% for CUBE (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CUBE or TRNO?
TRNO has the lower trailing P/E at 17.0, versus 25.9 for CUBE. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, CubeSmart or Terreno Realty?
CubeSmart has the higher yield at 5.67%, compared with 3.28% for Terreno Realty.
Are CubeSmart and Terreno Realty in the same industry?
No. CubeSmart is in the Real Estate sector, while Terreno Realty is in Finance.