Which has the lower trailing P/E, NNN or TRNO?

TRNO has the lower trailing P/E: NNN trades at 23.89 and TRNO at 17.89. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, NNN or TRNO?

Over the past five years, TRNO grew revenue faster — NNN at a 7.06% CAGR versus TRNO at 20.57%.

Does NNN or TRNO pay a bigger dividend?

NNN yields 4.88% and TRNO yields 2.85% based on trailing dividends and the latest price.

Is NNN or TRNO more profitable?

TRNO runs the higher net margin — NNN at 41.38% versus TRNO at 86.52%.

How have NNN and TRNO total returns compared?

Over the past 10 years, NNN delivered 4.31% and TRNO delivered 13.35% annualized total return. Past performance doesn't predict future results.

NNN REIT, Inc. (NNN) vs Terreno Realty Corporation (TRNO)

A side-by-side comparison of NNN REIT, Inc. and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.

NNN

NNN REIT, Inc.

$9.37B

$49.23Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT

TRNO

Terreno Realty Corporation

$7.76B

$72.99Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT

Total return — NNN vs TRNO

growth of $100 · dividends reinvested · last 16y

NNN +437.6%TRNO +499.4%TRNO compounded faster

NNN TRNO

NNN vs TRNO: by the numbers

•NNN is the larger company ($9.37B vs $7.76B market cap).
•TRNO trades at the lower trailing earnings multiple (17.89 vs 23.89 P/E), one valuation lens rather than an overall verdict.
•TRNO converts more revenue to profit (86.52% vs 41.38% net margin).
•TRNO grew revenue faster over the past five years (20.57% vs 7.06% CAGR).
•NNN pays the higher dividend yield (4.88% vs 2.85%).

Metrics side by side

Valuation

Metric	NNN	TRNO
P/E ratio	23.89	17.89
Forward P/E	24.30	37.49
P/S ratio	9.96	15.66
P/B ratio	2.12	1.79
PEG ratio	2.14	0.14
EV / EBITDA	16.38	26.67

Profitability

Metric	NNN	TRNO
Gross margin	38.00%	75.84%
Operating margin	63.13%	40.81%
Net margin	41.38%	86.52%
ROE	8.81%	9.88%
ROIC	6.39%	3.80%

Dividends

Metric	NNN	TRNO
Dividend yield	4.88%	2.85%
Payout ratio	115.94%	52.93%

Growth (annualized)

Metric	NNN	TRNO
Revenue CAGR (5Y)	7.06%	20.57%
EPS CAGR (5Y)	11.15%	35.52%
Total return CAGR (5Y)	5.52%	4.52%

Frequently asked

Which has the lower trailing P/E, NNN or TRNO?: TRNO has the lower trailing P/E: NNN trades at 23.89 and TRNO at 17.89. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, NNN or TRNO?: Over the past five years, TRNO grew revenue faster — NNN at a 7.06% CAGR versus TRNO at 20.57%.
Does NNN or TRNO pay a bigger dividend?: NNN yields 4.88% and TRNO yields 2.85% based on trailing dividends and the latest price.
Is NNN or TRNO more profitable?: TRNO runs the higher net margin — NNN at 41.38% versus TRNO at 86.52%.
How have NNN and TRNO total returns compared?: Over the past 10 years, NNN delivered 4.31% and TRNO delivered 13.35% annualized total return. Past performance doesn't predict future results.

Go deeper

Full NNN analysis Full TRNO analysis Interactive comparison tool

Dig into the metrics

NNN REIT P/E ratio Terreno Realty P/E ratio NNN REIT dividend yield Terreno Realty dividend yield NNN REIT ROE Terreno Realty ROE NNN REIT operating margin Terreno Realty operating margin NNN REIT revenue growth Terreno Realty revenue growth NNN REIT free cash flow Terreno Realty free cash flow

NNN REIT & Terreno Realty appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Fastest Revenue Growth Stocks Highest Operating Margin 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 July 28, 2026.