American Tower (REIT) (AMT) vs Prologis (PLD)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Prologis (PLD) has outperformed American Tower (REIT) (AMT) over the past year, gaining 9.8% versus a loss of 11.1%. Over five years, PLD leads with a -7.1% price change compared with -38.3% for AMT. Prologis is the larger company by market cap ($123.75 billion vs $77.43 billion), about 1.6 times the size.
On valuation, American Tower (REIT) trades at a lower forward P/E (23.7x vs 38.2x for Prologis). American Tower (REIT) offers the higher dividend yield (4.20% vs 3.27%). Prologis converts more of its revenue into profit, with a net margin of 37.9% versus 24.7%.
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 | AMT | PLD |
|---|---|---|
| Share price | $166.18 | $127.30 |
| Market cap | $77.43B | $123.75B |
| 1-day change | +0.85% | -1.07% |
| YTD return | -5.35% | -0.28% |
| 1-year return | -11.12% | +9.77% |
| 5-year return | -38.30% | -7.07% |
| P/E ratio (TTM) | 22.86 | 28.29 |
| Forward P/E | 23.71 | 38.19 |
| EPS (TTM) | $7.27 | $4.50 |
| Dividend yield | 4.20% | 3.27% |
| Annual dividend | $6.98 | $4.16 |
| Revenue (latest FY) | $10.64B | $8.79B |
| Revenue growth (YoY) | +5.11% | +7.18% |
| Net income (latest FY) | $2.63B | $3.33B |
| Operating margin | 45.52% | 49.58% |
| Net margin | 24.69% | 37.86% |
| 52-week high | $196.08 | $153.35 |
| 52-week low | $160.06 | $111.03 |
| Distance from 52-week high | -15.25% | -16.99% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +29.82% | +24.30% |
| Average volume | 2.60M | 4.07M |
| Shares outstanding | 465.96M | 950.33M |
| Employees | 4,866 | 2,802 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
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
- PLD has outperformed AMT by 20.9 percentage points over the past year.
- Prologis is more profitable, keeping 37.9 cents of every revenue dollar as net income versus 24.7 cents for American Tower (REIT).
About American Tower (REIT)
AMT stock →American Tower Corporation one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
Real Estate · Real Estate Investment Trusts · 4,866 employees
About Prologis
PLD stock →Prologis, Inc. don't just lead the industry, they define it.
Real Estate · Real Estate Investment Trusts · 2,802 employees
AMT vs PLD FAQ
Which is bigger, American Tower (REIT) or Prologis?
Prologis (PLD) is larger, with a market capitalization of $123.75B compared with $77.43B for American Tower (REIT) (AMT).
Which stock has performed better over the past year, AMT or PLD?
PLD returned +9.77% over the past 12 months, compared with -11.12% for AMT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AMT or PLD?
AMT has the lower trailing P/E at 22.9, versus 28.3 for PLD. 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, American Tower (REIT) or Prologis?
American Tower (REIT) has the higher yield at 4.20%, compared with 3.27% for Prologis.
Are American Tower (REIT) and Prologis in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.