First Industrial Realty (FR) vs Prologis (PLD)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
First Industrial Realty (FR) has outperformed Prologis (PLD) over the past year, gaining 13.0% versus a gain of 9.8%. Over five years, FR leads with a +3.0% price change compared with -7.0% for PLD. Prologis is the larger company by market cap ($123.75 billion vs $7.97 billion), about 15.5 times the size, while First Industrial Realty is growing revenue faster (+8.6% vs +7.2%).
On valuation, First Industrial Realty trades at a lower forward P/E (30.9x vs 38.2x for Prologis). Prologis offers the higher dividend yield (3.27% vs 3.25%). Prologis converts more of its revenue into profit, with a net margin of 37.9% versus 34.0%.
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 | FR | PLD |
|---|---|---|
| Share price | $58.18 | $127.30 |
| Market cap | $7.97B | $123.75B |
| 1-day change | -1.82% | -1.07% |
| YTD return | +1.90% | -0.26% |
| 1-year return | +12.97% | +9.80% |
| 5-year return | +3.04% | -7.04% |
| P/E ratio (TTM) | 21.16 | 28.29 |
| Forward P/E | 30.86 | 38.19 |
| EPS (TTM) | $2.75 | $4.50 |
| Dividend yield | 3.25% | 3.27% |
| Annual dividend | $1.89 | $4.16 |
| Revenue (latest FY) | $727.08M | $8.79B |
| Revenue growth (YoY) | +8.58% | +7.18% |
| Net income (latest FY) | $247.44M | $3.33B |
| Operating margin | — | 49.58% |
| Net margin | 34.03% | 37.86% |
| 52-week high | $69.88 | $153.35 |
| 52-week low | $50.24 | $111.03 |
| Distance from 52-week high | -16.74% | -16.99% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +24.18% | +24.30% |
| Average volume | 1.05M | 4.07M |
| Shares outstanding | 132.57M | 950.33M |
| Employees | 151 | 2,802 |
| 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
- Prologis is about 15.5 times larger than First Industrial Realty by market value ($123.75B vs $7.97B).
- Prologis trades at a higher earnings multiple (28.3x vs 21.2x trailing P/E).
About First Industrial Realty
FR stock →First Industrial Realty Trust, Inc. is a leading U.S.-only owner, operator, developer and acquirer of logistics properties.
Real Estate · REIT - Industrial · 151 employees
About Prologis
PLD stock →Prologis, Inc. don't just lead the industry, they define it.
Real Estate · REIT - Industrial · 2,802 employees
FR vs PLD FAQ
Which is bigger, First Industrial Realty or Prologis?
Prologis (PLD) is larger, with a market capitalization of $123.75B compared with $7.97B for First Industrial Realty (FR).
Which stock has performed better over the past year, FR or PLD?
FR returned +12.97% over the past 12 months, compared with +9.80% for PLD (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FR or PLD?
FR has the lower trailing P/E at 21.2, 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, First Industrial Realty or Prologis?
Prologis has the higher yield at 3.27%, compared with 3.25% for First Industrial Realty.
Are First Industrial Realty and Prologis in the same industry?
Yes. Both are classified in the REIT - Industrial industry within the Real Estate sector.