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

Prologis, Inc. and Terreno Realty Corporation are both Reit Industrial companies. Prologis, Inc. is the larger, with a market value of $129.4B against $7.2B — 17.9× the size. Terreno Realty Corporation trades at the lower P/E: 17.7× against 29.6×. Terreno Realty Corporation grew revenue faster over the last twelve months: 18.1% against 7.35%. Terreno Realty Corporation has the higher net margin (76.9% vs 45.7%) and the lower return on invested capital (2.42% vs 3.39%). Both pay a dividend; Prologis, Inc. yields more (2.82% vs 2.67%). Across the 22 metrics below, Terreno Realty Corporation leads on 14 and Prologis, Inc. on 8.

Valuation

Metric PLD TRNO Reit Industrial median
P/E 29.57 17.71 28.30
P/S 13.51 14.00 8.16
P/B 2.14 1.59 1.89
Price to free cash flow 42.54 n/m 21.44
EV/EBITDA 22.18 25.97 17.97
EV/Sales 17.28 15.87 11.71
Earnings yield 3.38% 5.65% 3.38%
Free cash flow yield 2.35% (9.75%) 2.71%

Profitability

Metric PLD TRNO Reit Industrial median
Gross margin 74.31% 76.17% 73.76%
Operating margin 54.73% 41.39% 39.85%
Net margin 45.73% 76.92% 28.04%
Free cash flow margin 31.76% (136.53%) 13.63%
Return on equity 7.29% 9.24% 6.83%
Return on assets 4.23% 7.23% 3.45%
Return on invested capital 3.39% 2.42% 2.92%

Growth

Metric PLD TRNO Reit Industrial median
Revenue growth (TTM) 7.35% 18.05% 3.86%
EPS growth (last fiscal year) (8.95%) 103.65% —
Revenue growth, 5-year CAGR 14.64% 20.58% 13.33%
Net income growth, 5-year CAGR 17.66% 38.26% 9.91%

Health

Metric PLD TRNO Reit Industrial median
Debt to equity 0.63 0.22 0.84
Current ratio 0.70 0.43 0.78
Net debt to EBITDA 5.31 3.36 4.76

Dividend

Metric PLD TRNO Reit Industrial median
Dividend yield 2.82% 2.67% 3.14%
Payout ratio 0.90 0.87 1.14

Size

Metric PLD TRNO Reit Industrial median
Market cap 129.40b 7.24b 8.24b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack