Public Storage (PSA) 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 Public Storage (PSA) over the past year, gaining 9.0% versus a loss of 3.2%. Over five years, TRNO leads with a -7.0% price change compared with -11.0% for PSA. Public Storage is the larger company by market cap ($52.69 billion vs $6.90 billion), about 7.6 times the size, while Terreno Realty is growing revenue faster (+24.5% vs +2.7%).
On valuation, Public Storage trades at a lower forward P/E (28.6x vs 35.9x for Terreno Realty). Public Storage offers the higher dividend yield (4.26% vs 3.28%). Terreno Realty converts more of its revenue into profit, with a net margin of 84.6% versus 37.0%.
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 | PSA | TRNO |
|---|---|---|
| Share price | $281.99 | $63.34 |
| Market cap | $52.69B | $6.90B |
| 1-day change | -1.35% | -1.39% |
| YTD return | +9.50% | +8.41% |
| 1-year return | -3.20% | +9.04% |
| 5-year return | -11.05% | -7.02% |
| P/E ratio (TTM) | 26.93 | 17.03 |
| Forward P/E | 28.62 | 35.89 |
| EPS (TTM) | $10.47 | $3.72 |
| Dividend yield | 4.26% | 3.28% |
| Annual dividend | $12.00 | $2.08 |
| Revenue (latest FY) | $4.82B | $476.38M |
| Revenue growth (YoY) | +2.74% | +24.51% |
| Net income (latest FY) | $1.78B | $402.99M |
| Net margin | 36.99% | 84.59% |
| 52-week high | $335.55 | $78.94 |
| 52-week low | $256.54 | $55.92 |
| Distance from 52-week high | -15.96% | -19.76% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +18.82% | +17.02% |
| Average volume | 978.28K | 752.42K |
| Shares outstanding | 186.85M | 108.97M |
| Employees | 5,770 | 47 |
| Sector | Real Estate | Real Estate |
| Industry | REIT - Industrial | REIT - Industrial |
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
- Public Storage is about 7.6 times larger than Terreno Realty by market value ($52.69B vs $6.90B).
- TRNO has outperformed PSA by 12.2 percentage points over the past year.
- Public Storage trades at a higher earnings multiple (26.9x vs 17.0x trailing P/E).
- Terreno Realty is more profitable, keeping 84.6 cents of every revenue dollar as net income versus 37.0 cents for Public Storage.
- Terreno Realty grew revenue faster in its latest fiscal year (+24.51% vs +2.74%).
About Public Storage
PSA stock →Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At June 30, 2026, The firm: (i) owned and/or operated 3,584 self-storage facilities located in 40 states with approximately 259 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 335 self-storage facilities located in seven Western European countries with approximately 19 million net rentable square feet operated under the Shurgard brand.
Real Estate · REIT - Industrial · 5,770 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.
Real Estate · REIT - Industrial · 47 employees
PSA vs TRNO FAQ
Which is bigger, Public Storage or Terreno Realty?
Public Storage (PSA) is larger, with a market capitalization of $52.69B compared with $6.90B for Terreno Realty (TRNO).
Which stock has performed better over the past year, PSA or TRNO?
TRNO returned +9.04% over the past 12 months, compared with -3.20% for PSA (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, PSA or TRNO?
TRNO has the lower trailing P/E at 17.0, versus 26.9 for PSA. 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, Public Storage or Terreno Realty?
Public Storage has the higher yield at 4.26%, compared with 3.28% for Terreno Realty.
Are Public Storage and Terreno Realty in the same industry?
Yes. Both are classified in the REIT - Industrial industry within the Real Estate sector.