CUBE vs TRNO

CubeSmart and Terreno Realty Corporation, both Real Estate

CubeSmart is the larger company at $9.2B against $6.8B. On trailing earnings TRNO is the cheaper of the two at a P/E of 16.5 against 28.3, a gap that is only a bargain if the two are growing at similar rates. Over the past year TRNO returned +27% against +6.9% for CUBE. Ryufin's sector-relative Smart Score puts TRNO ahead, 6/10 against 5/10.

CubeSmart and Terreno Realty Corporationcompared on valuation, return and Ryufin’s Smart Score
FigureCUBETRNO
Last close$40.46$67.56
Market cap$9.2B$6.8B
Trailing P/Elower is cheaper for the same earnings, not automatically better28.316.5
Dividend yield5.2%3.0%
1-year return+6.9%+27%
5-year return+0.2%+14%
Ryufin Smart Scoresector-relative, 1–105/106/10

Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.

CubeSmart

Revenue of $282M in Q1 2026, net income $83M. Its largest reported line is Real Estate Other, 77% of the disclosed total.

Terreno Realty Corporation

Revenue of $124M in Q1 2026, net income $69M.

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