Prologis (PLD) 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
Prologis (PLD) has outperformed Terreno Realty (TRNO) over the past year, gaining 11.5% versus a gain of 10.7%. Over five years, PLD leads with a -5.6% price change compared with -7.5% for TRNO. Prologis is the larger company by market cap ($125.68 billion vs $7.03 billion), about 17.9 times the size, while Terreno Realty is growing revenue faster (+24.5% vs +7.2%).
On valuation, Terreno Realty trades at a lower forward P/E (36.5x vs 38.8x for Prologis). Terreno Realty offers the higher dividend yield (3.23% vs 3.22%). Terreno Realty converts more of its revenue into profit, with a net margin of 84.6% versus 37.9%.
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 | PLD | TRNO |
|---|---|---|
| Share price | $129.29 | $64.48 |
| Market cap | $125.68B | $7.03B |
| 1-day change | +1.56% | +1.80% |
| YTD return | +1.28% | +9.83% |
| 1-year return | +11.47% | +10.68% |
| 5-year return | -5.61% | -7.47% |
| P/E ratio (TTM) | 28.73 | 17.33 |
| Forward P/E | 38.79 | 36.54 |
| EPS (TTM) | $4.50 | $3.72 |
| Dividend yield | 3.22% | 3.23% |
| Annual dividend | $4.16 | $2.08 |
| Revenue (latest FY) | $8.79B | $476.38M |
| Revenue growth (YoY) | +7.18% | +24.51% |
| Net income (latest FY) | $3.33B | $402.99M |
| Operating margin | 49.58% | — |
| Net margin | 37.86% | 84.59% |
| 52-week high | $153.35 | $78.94 |
| 52-week low | $111.03 | $55.92 |
| Distance from 52-week high | -15.69% | -18.32% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +22.38% | +14.95% |
| Average volume | 4.08M | 742.54K |
| Shares outstanding | 950.33M | 108.97M |
| Employees | 2,802 | 47 |
| 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 17.9 times larger than Terreno Realty by market value ($125.68B vs $7.03B).
- Prologis trades at a higher earnings multiple (28.7x vs 17.3x trailing P/E).
- Terreno Realty is more profitable, keeping 84.6 cents of every revenue dollar as net income versus 37.9 cents for Prologis.
- Terreno Realty grew revenue faster in its latest fiscal year (+24.51% vs +7.18%).
About Prologis
PLD stock →Prologis, Inc. don't just lead the industry, they define it.
Real Estate · REIT - Industrial · 2,802 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.
Real Estate · REIT - Industrial · 47 employees
PLD vs TRNO FAQ
Which is bigger, Prologis or Terreno Realty?
Prologis (PLD) is larger, with a market capitalization of $125.68B compared with $7.03B for Terreno Realty (TRNO).
Which stock has performed better over the past year, PLD or TRNO?
PLD returned +11.47% over the past 12 months, compared with +10.68% for TRNO (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, PLD or TRNO?
TRNO has the lower trailing P/E at 17.3, versus 28.7 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, Prologis or Terreno Realty?
Terreno Realty has the higher yield at 3.23%, compared with 3.22% for Prologis.
Are Prologis and Terreno Realty in the same industry?
Yes. Both are classified in the REIT - Industrial industry within the Real Estate sector.