Prologis, Inc. (PLD) vs Ventas, Inc. (VTR)
A side-by-side comparison of Prologis, Inc. and Ventas, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — PLD vs VTR
growth of $100 · dividends reinvested · last 10yPLD vs VTR: by the numbers
- •PLD is the larger company ($125.69B vs $43.03B market cap).
- •PLD converts more revenue to profit (45.79% vs 4.13% net margin).
- •PLD grew revenue faster over the past five years (15.39% vs 11.91% CAGR).
- •PLD pays the higher dividend yield (3.06% vs 2.24%).
Metrics side by side
Valuation
| Metric | PLD | VTR |
|---|---|---|
| P/E ratio | 30.00 | 163.90 |
| Forward P/E | 36.97 | 151.85 |
| P/S ratio | 13.68 | 6.68 |
| P/B ratio | 2.34 | 2.94 |
| EV / EBITDA | 25.58 | 24.35 |
| FCF yield | 3.93% | N/A |
For REITs like Prologis, 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 Ventas, 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.
Profitability
| Metric | PLD | VTR |
|---|---|---|
| Gross margin | 59.60% | -2.58% |
| Operating margin | 38.43% | 12.94% |
| Net margin | 45.79% | 4.13% |
| ROE | 7.83% | 1.82% |
| ROIC | 3.37% | 2.81% |
Dividends
| Metric | PLD | VTR |
|---|---|---|
| Dividend yield | 3.06% | 2.24% |
| Payout ratio | 92.65% | 370.37% |
Prologis, 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.
Ventas, 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.
Growth (annualized)
| Metric | PLD | VTR |
|---|---|---|
| Revenue CAGR (5Y) | 15.39% | 11.91% |
| EPS CAGR (5Y) | 12.63% | -14.16% |
| FCF CAGR (5Y) | 12.28% | 0.22% |
| Total return CAGR (5Y) | 3.26% | 13.45% |
Frequently asked
- Which has grown faster, PLD or VTR?
- Over the past five years, PLD grew revenue faster — PLD at a 15.39% CAGR versus VTR at 11.91%.
- Does PLD or VTR pay a bigger dividend?
- PLD yields 3.06% and VTR yields 2.24% based on trailing dividends and the latest price.
- Is PLD or VTR more profitable?
- PLD runs the higher net margin — PLD at 45.79% versus VTR at 4.13%.
- How have PLD and VTR total returns compared?
- Over the past 10 years, PLD delivered 13.34% and VTR delivered 7.06% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Prologis & Ventas 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 September 13, 2026.