FirstService (FSV) vs Terreno Realty (TRNO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Terreno Realty (TRNO) has outperformed FirstService (FSV) over the past year, gaining 8.5% versus a loss of 32.2%. Over five years, TRNO leads with a -7.5% price change compared with -34.7% for FSV. Terreno Realty is the larger company by market cap ($6.90 billion vs $5.54 billion), about 1.2 times the size.
On valuation, FirstService trades at a lower forward P/E (19.0x vs 35.9x for Terreno Realty). Terreno Realty offers the higher dividend yield (3.28% vs 0.91%). Terreno Realty converts more of its revenue into profit, with a net margin of 84.6% versus 3.5%.
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 | FSV | TRNO |
|---|---|---|
| Share price | $126.87 | $63.34 |
| Market cap | $5.54B | $6.90B |
| 1-day change | -1.51% | -1.39% |
| YTD return | -18.43% | +7.89% |
| 1-year return | -32.17% | +8.51% |
| 5-year return | -34.74% | -7.47% |
| P/E ratio (TTM) | 36.56 | 17.03 |
| Forward P/E | 18.95 | 35.89 |
| EPS (TTM) | $3.47 | $3.72 |
| Dividend yield | 0.91% | 3.28% |
| Annual dividend | $1.16 | $2.08 |
| Revenue (latest FY) | $5.50B | $476.38M |
| Revenue growth (YoY) | +5.38% | +24.51% |
| Net income (latest FY) | $190.75M | $402.99M |
| Gross margin | 33.58% | — |
| Operating margin | 6.15% | — |
| Net margin | 3.47% | 84.59% |
| 52-week high | $189.05 | $78.94 |
| 52-week low | $119.41 | $55.92 |
| Distance from 52-week high | -32.89% | -19.76% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +37.05% | +17.02% |
| Average volume | 206.46K | 748.55K |
| Shares outstanding | 43.67M | 108.97M |
| Employees | 30,000 | 47 |
| Sector | Finance | Finance |
| Industry | Real Estate | 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 FSV by 40.7 percentage points over the past year.
- FirstService trades at a higher earnings multiple (36.6x vs 17.0x trailing P/E).
- Terreno Realty offers a meaningfully higher dividend yield (3.28% vs 0.91%).
- Terreno Realty is more profitable, keeping 84.6 cents of every revenue dollar as net income versus 3.5 cents for FirstService.
- Terreno Realty grew revenue faster in its latest fiscal year (+24.51% vs +5.38%).
About FirstService
FSV stock →FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands.
Finance · Real Estate · 30,000 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
FSV vs TRNO FAQ
Which is bigger, FirstService or Terreno Realty?
Terreno Realty (TRNO) is larger, with a market capitalization of $6.90B compared with $5.54B for FirstService (FSV).
Which stock has performed better over the past year, FSV or TRNO?
TRNO returned +8.51% over the past 12 months, compared with -32.17% for FSV (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FSV or TRNO?
TRNO has the lower trailing P/E at 17.0, versus 36.6 for FSV. 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, FirstService or Terreno Realty?
Terreno Realty has the higher yield at 3.28%, compared with 0.91% for FirstService.
Are FirstService and Terreno Realty in the same industry?
Yes. Both are classified in the Real Estate industry within the Finance sector.