Which has grown faster, ARE or TRNO?

Over the past five years, TRNO grew revenue faster — ARE at a 8.60% CAGR versus TRNO at 20.57%.

Does ARE or TRNO pay a bigger dividend?

ARE yields 5.22% and TRNO yields 3.15% based on trailing dividends and the latest price.

Is ARE or TRNO more profitable?

TRNO runs the higher net margin — ARE at -35.30% versus TRNO at 86.52%.

Which has been the better investment, ARE or TRNO?

Over the past 10-year, TRNO delivered the higher annualized total return — ARE at -2.29% versus TRNO at 13.10%. Past performance doesn't predict future results.

Alexandria Real Estate Equities, Inc. (ARE) vs Terreno Realty Corporation (TRNO)

TRNO leads on 9 of 13 compared metrics.

A side-by-side comparison of Alexandria Real Estate Equities, Inc. and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 27, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

ARE

Alexandria Real Estate Equities, Inc.

$9.62B

$55.22Real Estate

TRNO

Terreno Realty Corporation

$7.01B

$65.98Real Estate

Total return — ARE vs TRNO

growth of $100 · last 16y

ARE -3.5%TRNO +253.8%TRNO compounded faster

ARE TRNO

ARE vs TRNO: by the numbers

•ARE is the larger company ($9.62B vs $7.01B market cap).
•TRNO is profitable (86.52% net margin) while ARE runs a net loss (-35.30%).
•TRNO grew revenue faster over the past five years (20.57% vs 8.60% CAGR).
•ARE pays the higher dividend yield (5.22% vs 3.15%).

Which is better, ARE or TRNO?

Metric tally: ARE 4 · TRNO 9

It depends on what you're optimizing for:

GrowthTRNO(faster 5Y revenue CAGR)

IncomeARE(higher dividend yield)

QualityTRNO(higher ROIC)

Metrics side by side

Valuation

Metric	ARE	TRNO
P/E ratio	—	16.17
Forward P/E	29.77●	36.39
P/S ratio	3.59●	14.16
P/B ratio	0.66●	1.62
PEG ratio	—	0.14
EV / EBITDA	307.73	24.40●

Profitability

Metric	ARE	TRNO
Gross margin	68.25%	75.84%●
Operating margin	-42.76%	40.81%●
Net margin	-35.30%	86.52%●
ROE	-6.50%	9.88%●
ROIC	-4.40%	3.80%●

Dividends

Metric	ARE	TRNO
Dividend yield	5.22%●	3.15%
Payout ratio	—	52.93%

Growth (annualized)

Metric	ARE	TRNO
Revenue CAGR (5Y)	8.60%	20.57%●
EPS CAGR (5Y)	2.38%	35.52%●
Total return CAGR (5Y)	-18.02%	2.93%●

Frequently asked

Which is better, ARE or TRNO?: It depends on your goal. growth: TRNO (faster 5Y revenue CAGR); income: ARE (higher dividend yield); quality: TRNO (higher ROIC). Across all compared metrics, TRNO leads 9 to 4.
Which has grown faster, ARE or TRNO?: Over the past five years, TRNO grew revenue faster — ARE at a 8.60% CAGR versus TRNO at 20.57%.
Does ARE or TRNO pay a bigger dividend?: ARE yields 5.22% and TRNO yields 3.15% based on trailing dividends and the latest price.
Is ARE or TRNO more profitable?: TRNO runs the higher net margin — ARE at -35.30% versus TRNO at 86.52%.
Which has been the better investment, ARE or TRNO?: Over the past 10-year, TRNO delivered the higher annualized total return — ARE at -2.29% versus TRNO at 13.10%. Past performance doesn't predict future results.

Go deeper

Full ARE analysis Full TRNO analysis Interactive comparison tool

Dig into the metrics

Alexandria Real Estate Equities P/E ratio Terreno Realty P/E ratio Alexandria Real Estate Equities dividend yield Terreno Realty dividend yield Alexandria Real Estate Equities ROE Terreno Realty ROE Alexandria Real Estate Equities operating margin Terreno Realty operating margin Alexandria Real Estate Equities revenue growth Terreno Realty revenue growth Alexandria Real Estate Equities free cash flow Terreno Realty free cash flow

Alexandria Real Estate Equities & Terreno Realty appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

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 June 27, 2026.