Brookfield Property Partners L.P. (BPYPP) vs Terreno Realty Corporation (TRNO)
A side-by-side comparison of Brookfield Property Partners L.P. and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — BPYPP vs TRNO
growth of $100 · dividends reinvested · last 8yBPYPP vs TRNO: by the numbers
- •TRNO is the larger company ($6.87B vs $6.42B market cap).
- •TRNO is profitable (77.27% net margin) while BPYPP runs a net loss (-3.56%).
- •TRNO grew revenue faster over the past five years (20.25% vs 2.40% CAGR).
- •BPYPP pays the higher dividend yield (10.62% vs 3.23%).
Metrics side by side
Valuation
| Metric | BPYPP | TRNO |
|---|---|---|
| P/E ratio | N/A | 17.38 |
| Forward P/E | 15.94 | 30.65 |
| PEG ratio | N/A | 0.49 |
| P/S ratio | 0.90 | 13.67 |
| P/B ratio | 0.74 | 1.55 |
| EV / EBITDA | 15.48 | 23.62 |
| FCF yield | N/A | 2.70% |
For REITs like Terreno Realty Corporation, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | BPYPP | TRNO |
|---|---|---|
| Gross margin | 52.31% | 75.84% |
| Operating margin | 35.48% | 41.42% |
| Net margin | -3.56% | 77.27% |
| ROE | -2.72% | 8.77% |
| ROIC | 1.37% | 3.65% |
Dividends
| Metric | BPYPP | TRNO |
|---|---|---|
| Dividend yield | 10.62% | 3.23% |
| Payout ratio | N/A | 55.91% |
Terreno Realty Corporation's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | BPYPP | TRNO |
|---|---|---|
| Revenue CAGR (5Y) | 2.40% | 20.25% |
| EPS CAGR (5Y) | N/A | 35.52% |
| FCF CAGR (5Y) | N/A | 18.95% |
| Total return CAGR (5Y) | -0.08% | 3.13% |
Frequently asked
- Which has grown faster, BPYPP or TRNO?
- Over the past five years, TRNO grew revenue faster — BPYPP at a 2.40% CAGR versus TRNO at 20.25%.
- Does BPYPP or TRNO pay a bigger dividend?
- BPYPP yields 10.62% and TRNO yields 3.23% based on trailing dividends and the latest price.
- Is BPYPP or TRNO more profitable?
- TRNO runs the higher net margin — BPYPP at -3.56% versus TRNO at 77.27%.
- How have BPYPP and TRNO total returns compared?
- Over the past 5 years, BPYPP delivered -0.08% and TRNO delivered 3.13% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Brookfield Property Partners L.P. & 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 October 6, 2026.