Americold Realty Trust, Inc. (COLD) vs Terreno Realty Corporation (TRNO)
A side-by-side comparison of Americold Realty Trust, Inc. and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.
Total return — COLD vs TRNO
growth of $100 · dividends reinvested · last 9yCOLD vs TRNO: by the numbers
- •TRNO is the larger company ($6.88B vs $3.98B market cap).
- •TRNO is profitable (77.27% net margin) while COLD runs a net loss (-17.44%).
- •TRNO grew revenue faster over the past five years (20.25% vs 2.51% CAGR).
- •COLD pays the higher dividend yield (6.55% vs 3.25%).
Metrics side by side
Valuation
| Metric | COLD | TRNO |
|---|---|---|
| P/E ratio | N/A | 17.41 |
| Forward P/E | N/A | 30.69 |
| PEG ratio | N/A | 0.49 |
| P/S ratio | 1.52 | 13.69 |
| P/B ratio | 1.65 | 1.55 |
| EV / EBITDA | 17.10 | 23.65 |
| FCF yield | N/A | 2.69% |
For REITs like Americold Realty Trust, Inc., 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.
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 | COLD | TRNO |
|---|---|---|
| Gross margin | 4.02% | 75.84% |
| Operating margin | 4.51% | 41.42% |
| Net margin | -17.44% | 77.27% |
| ROE | -18.89% | 8.77% |
| ROIC | 1.64% | 3.65% |
Dividends
| Metric | COLD | TRNO |
|---|---|---|
| Dividend yield | 6.55% | 3.25% |
| Payout ratio | N/A | 55.91% |
Americold Realty Trust, Inc.'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.
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 | COLD | TRNO |
|---|---|---|
| Revenue CAGR (5Y) | 2.51% | 20.25% |
| EPS CAGR (5Y) | N/A | 35.52% |
| FCF CAGR (5Y) | N/A | 18.95% |
| Total return CAGR (5Y) | -10.11% | 2.99% |
Frequently asked
- Which has grown faster, COLD or TRNO?
- Over the past five years, TRNO grew revenue faster — COLD at a 2.51% CAGR versus TRNO at 20.25%.
- Does COLD or TRNO pay a bigger dividend?
- COLD yields 6.55% and TRNO yields 3.25% based on trailing dividends and the latest price.
- Is COLD or TRNO more profitable?
- TRNO runs the higher net margin — COLD at -17.44% versus TRNO at 77.27%.
- How have COLD and TRNO total returns compared?
- Over the past 5 years, COLD delivered -10.11% and TRNO delivered 2.99% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Americold Realty Trust & 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 2, 2026.