Realty Income (O) 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 Realty Income (O) over the past year, gaining 9.8% versus a loss of 10.5%. Over five years, PLD leads with a -7.1% price change compared with -21.0% for O. Prologis is the larger company by market cap ($125.21 billion vs $50.85 billion), about 2.5 times the size, while Realty Income is growing revenue faster (+9.1% vs +7.2%).
On valuation, Realty Income trades at a lower forward P/E (34.6x vs 38.6x for Prologis). Realty Income offers the higher dividend yield (6.02% vs 3.23%). Prologis converts more of its revenue into profit, with a net margin of 37.9% versus 18.4%.
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 | O | PLD |
|---|---|---|
| Share price | $53.74 | $128.81 |
| Market cap | $50.85B | $125.21B |
| 1-day change | +0.72% | +1.18% |
| YTD return | -5.36% | -0.28% |
| 1-year return | -10.53% | +9.77% |
| 5-year return | -20.96% | -7.07% |
| P/E ratio (TTM) | 38.94 | 28.62 |
| Forward P/E | 34.60 | 38.64 |
| EPS (TTM) | $1.38 | $4.50 |
| Dividend yield | 6.02% | 3.23% |
| Annual dividend | $3.24 | $4.16 |
| Revenue (latest FY) | $5.75B | $8.79B |
| Revenue growth (YoY) | +9.07% | +7.18% |
| Net income (latest FY) | $1.06B | $3.33B |
| Operating margin | — | 49.58% |
| Net margin | 18.41% | 37.86% |
| 52-week high | $67.94 | $153.35 |
| 52-week low | $53.15 | $111.03 |
| Distance from 52-week high | -20.91% | -16.01% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +23.55% | +22.84% |
| Average volume | 6.48M | 4.07M |
| Shares outstanding | 946.22M | 950.33M |
| Employees | 544 | 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
- Prologis is about 2.5 times larger than Realty Income by market value ($125.21B vs $50.85B).
- PLD has outperformed O by 20.3 percentage points over the past year.
- Realty Income trades at a higher earnings multiple (38.9x vs 28.6x trailing P/E).
- Realty Income offers a meaningfully higher dividend yield (6.02% vs 3.23%).
- Prologis is more profitable, keeping 37.9 cents of every revenue dollar as net income versus 18.4 cents for Realty Income.
About Realty Income
O stock →Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we serve our clients as a full-service real estate capital provider.
Real Estate · Real Estate Investment Trusts · 544 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
O vs PLD FAQ
Which is bigger, Realty Income or Prologis?
Prologis (PLD) is larger, with a market capitalization of $125.21B compared with $50.85B for Realty Income (O).
Which stock has performed better over the past year, O or PLD?
PLD returned +9.77% over the past 12 months, compared with -10.53% for O (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, O or PLD?
PLD has the lower trailing P/E at 28.6, versus 38.9 for O. 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, Realty Income or Prologis?
Realty Income has the higher yield at 6.02%, compared with 3.23% for Prologis.
Are Realty Income and Prologis in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.