Agree Realty Corporation (ADC) vs Terreno Realty Corporation (TRNO)
A side-by-side comparison of Agree Realty Corporation and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 31, 2026. Differences are shown without an overall score or investment verdict.
ADC
Agree Realty Corporation
$78.12Real EstateDelayed quote: Jul 31, 2026, 3:30 PM EDT
TRNO
Terreno Realty Corporation
$71.74Real EstateDelayed quote: Jul 31, 2026, 3:29 PM EDT
Total return — ADC vs TRNO
growth of $100 · dividends reinvested · last 16yADC +775.1%TRNO +490.2%ADC compounded faster
ADC TRNO
ADC vs TRNO: by the numbers
- •ADC is the larger company ($9.38B vs $7.63B market cap).
- •TRNO trades at the lower trailing earnings multiple (17.73 vs 42.16 P/E), one valuation lens rather than an overall verdict.
- •TRNO converts more revenue to profit (86.52% vs 28.63% net margin).
- •ADC grew revenue faster over the past five years (21.41% vs 20.57% CAGR).
- •ADC pays the higher dividend yield (4.01% vs 2.88%).
Metrics side by side
Valuation
| Metric | ADC | TRNO |
|---|---|---|
| P/E ratio | 42.16 | 17.73 |
| Forward P/E | 40.42 | 37.16 |
| P/S ratio | 12.12 | 15.52 |
| P/B ratio | 1.45 | 1.77 |
| PEG ratio | 383.24 | 0.14 |
| EV / EBITDA | 19.23 | 26.46 |
Profitability
| Metric | ADC | TRNO |
|---|---|---|
| Gross margin | 88.95% | 75.84% |
| Operating margin | 47.92% | 40.81% |
| Net margin | 28.63% | 86.52% |
| ROE | 3.42% | 9.88% |
| ROIC | 3.88% | 3.80% |
Dividends
| Metric | ADC | TRNO |
|---|---|---|
| Dividend yield | 4.01% | 2.88% |
| Payout ratio | 177.46% | 52.93% |
Growth (annualized)
| Metric | ADC | TRNO |
|---|---|---|
| Revenue CAGR (5Y) | 21.41% | 20.57% |
| EPS CAGR (5Y) | 0.11% | 35.52% |
| Total return CAGR (5Y) | 5.19% | 4.08% |
Frequently asked
- Which has the lower trailing P/E, ADC or TRNO?
- TRNO has the lower trailing P/E: ADC trades at 42.16 and TRNO at 17.73. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, ADC or TRNO?
- Over the past five years, ADC grew revenue faster — ADC at a 21.41% CAGR versus TRNO at 20.57%.
- Does ADC or TRNO pay a bigger dividend?
- ADC yields 4.01% and TRNO yields 2.88% based on trailing dividends and the latest price.
- Is ADC or TRNO more profitable?
- TRNO runs the higher net margin — ADC at 28.63% versus TRNO at 86.52%.
- How have ADC and TRNO total returns compared?
- Over the past 10 years, ADC delivered 8.77% and TRNO delivered 12.91% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Agree Realty P/E ratioTerreno Realty P/E ratioAgree Realty dividend yieldTerreno Realty dividend yieldAgree Realty ROETerreno Realty ROEAgree Realty operating marginTerreno Realty operating marginAgree Realty revenue growthTerreno Realty revenue growthAgree Realty free cash flowTerreno Realty free cash flow
Agree Realty & Terreno Realty appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 31, 2026.