Stag Industrial, Inc. (STAG) vs Terreno Realty Corporation (TRNO)

Stag Industrial, Inc. and Terreno Realty Corporation are both Reit Industrial companies. Stag Industrial, Inc. and Terreno Realty Corporation are of similar size ($7.2B and $7.2B). Terreno Realty Corporation trades at the lower P/E: 17.7× against 28.3×. Terreno Realty Corporation grew revenue faster over the last twelve months: 18.1% against 9.63%. Terreno Realty Corporation has the higher net margin (76.9% vs 28.0%) and the lower return on invested capital (2.42% vs 2.92%). Both pay a dividend; Stag Industrial, Inc. yields more (3.92% vs 2.67%). Across the 22 metrics below, Terreno Realty Corporation leads on 13 and Stag Industrial, Inc. on 9.

Valuation

Metric STAG TRNO Reit Industrial median
P/E 28.30 17.71 28.30
P/S 7.99 14.00 8.16
P/B 1.90 1.59 1.89
Price to free cash flow n/m n/m 21.44
EV/EBITDA 16.19 25.97 17.97
EV/Sales 11.82 15.87 11.71
Earnings yield 3.53% 5.65% 3.38%
Free cash flow yield (4.83%) (9.75%) 2.71%

Profitability

Metric STAG TRNO Reit Industrial median
Gross margin 79.55% 76.17% 73.76%
Operating margin 37.58% 41.39% 39.85%
Net margin 28.04% 76.92% 28.04%
Free cash flow margin (38.56%) (136.53%) 13.63%
Return on equity 6.83% 9.24% 6.83%
Return on assets 3.45% 7.23% 3.45%
Return on invested capital 2.92% 2.42% 2.92%

Growth

Metric STAG TRNO Reit Industrial median
Revenue growth (TTM) 9.63% 18.05% 3.86%
EPS growth (last fiscal year) 40.38% 103.65% —
Revenue growth, 5-year CAGR 11.82% 20.58% 13.33%
Net income growth, 5-year CAGR 6.80% 38.26% 9.91%

Health

Metric STAG TRNO Reit Industrial median
Debt to equity 0.93 0.22 0.84
Current ratio 1.76 0.43 0.78
Net debt to EBITDA 5.12 3.36 4.76

Dividend

Metric STAG TRNO Reit Industrial median
Dividend yield 3.92% 2.67% 3.14%
Payout ratio 1.36 0.87 1.14

Size

Metric STAG TRNO Reit Industrial median
Market cap 7.19b 7.24b 8.24b

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