Is PLD or TRNO cheaper?

On trailing earnings, TRNO is cheaper: PLD trades at a 37.56 P/E and TRNO at 16.49.

Which has grown faster, PLD or TRNO?

Over the past five years, TRNO grew revenue faster — PLD at a 14.19% CAGR versus TRNO at 20.57%.

Does PLD or TRNO pay a bigger dividend?

PLD yields 2.76% and TRNO yields 3.05% based on trailing dividends and the latest price.

Is PLD or TRNO more profitable?

TRNO runs the higher net margin — PLD at 41.54% versus TRNO at 86.52%.

Which has been the better investment, PLD or TRNO?

Over the past 10-year, PLD delivered the higher annualized total return — PLD at 14.65% versus TRNO at 13.47%. Past performance doesn't predict future results.

Prologis, Inc. (PLD) vs Terreno Realty Corporation (TRNO)

TRNO leads on 13 of 15 compared metrics.

A side-by-side comparison of Prologis, Inc. and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Terreno Realty Corporation

$7.15B

$67.27Real Estate

Total return — PLD vs TRNO

growth of $100 · last 16y

PLD +563.4%TRNO +260.7%PLD compounded faster

PLD TRNO

PLD vs TRNO: by the numbers

•PLD is the larger company ($138.68B vs $7.15B market cap).
•TRNO trades at the lower earnings multiple (16.49 vs 37.56 P/E).
•TRNO converts more revenue to profit (86.52% vs 41.54% net margin).
•TRNO grew revenue faster over the past five years (20.57% vs 14.19% CAGR).
•TRNO pays the higher dividend yield (3.05% vs 2.76%).

Which is better, PLD or TRNO?

Metric tally: PLD 2 · TRNO 13

It depends on what you're optimizing for:

ValueTRNO(lower P/E)

GrowthTRNO(faster 5Y revenue CAGR)

IncomeTRNO(higher dividend yield)

Valuation

Metric	PLD	TRNO
P/E ratio	37.56	16.49●
Forward P/E	40.57	40.04
P/S ratio	15.92	14.43●
P/B ratio	2.66	1.65●
PEG ratio	2.97	0.14●
EV / EBITDA	22.86	13.82●
FCF yield	3.50%●	2.87%

Profitability

Metric	PLD	TRNO
Gross margin	43.37%	63.89%●
Operating margin	38.94%	40.81%●
Net margin	41.54%	86.52%●
ROE	6.95%	9.88%●
ROIC	3.60%	3.66%

Dividends

Metric	PLD	TRNO
Dividend yield	2.76%	3.05%●
Payout ratio	114.85%	52.16%

Growth (annualized)

Metric	PLD	TRNO
Revenue CAGR (5Y)	14.19%	20.57%●
EPS CAGR (5Y)	12.63%	35.52%●
FCF CAGR (5Y)	10.15%	22.41%●
Total return CAGR (5Y)	6.58%●	3.07%

Frequently asked

Which is better, PLD or TRNO?: It depends on your goal. value: TRNO (lower P/E); growth: TRNO (faster 5Y revenue CAGR); income: TRNO (higher dividend yield). Across all compared metrics, TRNO leads 13 to 2.
Is PLD or TRNO cheaper?: On trailing earnings, TRNO is cheaper: PLD trades at a 37.56 P/E and TRNO at 16.49.
Which has grown faster, PLD or TRNO?: Over the past five years, TRNO grew revenue faster — PLD at a 14.19% CAGR versus TRNO at 20.57%.
Does PLD or TRNO pay a bigger dividend?: PLD yields 2.76% and TRNO yields 3.05% based on trailing dividends and the latest price.
Is PLD or TRNO more profitable?: TRNO runs the higher net margin — PLD at 41.54% versus TRNO at 86.52%.
Which has been the better investment, PLD or TRNO?: Over the past 10-year, PLD delivered the higher annualized total return — PLD at 14.65% versus TRNO at 13.47%. Past performance doesn't predict future results.

Go deeper

Full PLD analysis Full TRNO analysis Interactive comparison tool

Dig into the metrics

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

Prologis & Terreno Realty appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest Operating Margin Stocks Best 10-Year Total Return 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 13, 2026.