FR vs. PLD: A Head-to-Head Stock Comparison

Updated on August 20, 2025

Here’s a clear look at FR and PLD, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Both FR and PLD are Real Estate Investment Trusts (REITs). These entities are required to distribute the majority of their taxable income to shareholders, often resulting in higher dividend yields.

Symbol	FR	PLD
Company Name	First Industrial Realty Trust, Inc.	Prologis, Inc.
Country	United States	United States
GICS Sector	Real Estate	Real Estate
GICS Industry	Industrial REITs	Industrial REITs
Market Capitalization	6.69 billion USD	98.55 billion USD
Exchange	NYSE	NYSE
Listing Date	June 24, 1994	November 21, 1997
Security Type	REIT	REIT

Historical Performance

This chart compares the performance of FR and PLD by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

FR vs. PLD: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	FR	PLD
5-Day Price Return	1.36%	-0.09%
13-Week Price Return	-4.46%	-3.75%
26-Week Price Return	-11.12%	-10.42%
52-Week Price Return	-7.53%	-11.50%
Month-to-Date Return	0.62%	-0.55%
Year-to-Date Return	-2.21%	0.46%
10-Day Avg. Volume	0.71M	3.49M
3-Month Avg. Volume	1.36M	4.93M
3-Month Volatility	20.75%	22.31%
Beta	1.10	1.31

Profitability

Return on Equity (TTM)

FR

10.23%

Industrial REITs Industry

Max: 10.99%
Q3: 7.31%
Median: 5.46%
Q1: 3.99%
Min: 2.83%

In the upper quartile for the Industrial REITs industry, FR’s Return on Equity of 10.23% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.

PLD

6.47%

Industrial REITs Industry

Max: 10.99%
Q3: 7.31%
Median: 5.46%
Q1: 3.99%
Min: 2.83%

PLD’s Return on Equity of 6.47% is on par with the norm for the Industrial REITs industry, indicating its profitability relative to shareholder equity is typical for the sector.

FR vs. PLD: A comparison of their Return on Equity (TTM) against the Industrial REITs industry benchmark.

Net Profit Margin (TTM)

FR

38.70%

Industrial REITs Industry

Max: 56.01%
Q3: 49.92%
Median: 41.77%
Q1: 31.35%
Min: 17.66%

In the Industrial REITs industry, Net Profit Margin is often not the primary profitability metric.

PLD

40.29%

Industrial REITs Industry

Max: 56.01%
Q3: 49.92%
Median: 41.77%
Q1: 31.35%
Min: 17.66%

In the Industrial REITs industry, Net Profit Margin is often not the primary profitability metric.

FR vs. PLD: A comparison of their Net Profit Margin (TTM) against the Industrial REITs industry benchmark.

Operating Profit Margin (TTM)

FR

41.54%

Industrial REITs Industry

Max: 103.85%
Q3: 66.52%
Median: 48.61%
Q1: 38.81%
Min: -0.23%

In the Industrial REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

PLD

39.34%

Industrial REITs Industry

Max: 103.85%
Q3: 66.52%
Median: 48.61%
Q1: 38.81%
Min: -0.23%

In the Industrial REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

FR vs. PLD: A comparison of their Operating Profit Margin (TTM) against the Industrial REITs industry benchmark.

Profitability at a Glance

Symbol	FR	PLD
Return on Equity (TTM)	10.23%	6.47%
Return on Assets (TTM)	5.08%	3.58%
Net Profit Margin (TTM)	38.70%	40.29%
Operating Profit Margin (TTM)	41.54%	39.34%
Gross Profit Margin (TTM)	73.37%	75.35%

Financial Strength

Current Ratio (MRQ)

FR

0.96

Industrial REITs Industry

Max: 1.34
Q3: 0.98
Median: 0.61
Q1: 0.24
Min: 0.12

FR’s Current Ratio of 0.96 aligns with the median group of the Industrial REITs industry, indicating that its short-term liquidity is in line with its sector peers.

PLD

0.19

Industrial REITs Industry

Max: 1.34
Q3: 0.98
Median: 0.61
Q1: 0.24
Min: 0.12

PLD’s Current Ratio of 0.19 falls into the lower quartile for the Industrial REITs industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

FR vs. PLD: A comparison of their Current Ratio (MRQ) against the Industrial REITs industry benchmark.

Debt-to-Equity Ratio (MRQ)

FR

0.90

Industrial REITs Industry

Max: 1.18
Q3: 0.78
Median: 0.68
Q1: 0.45
Min: 0.19

FR’s leverage is in the upper quartile of the Industrial REITs industry, with a Debt-to-Equity Ratio of 0.90. While this approach can boost equity growth, it also exposes the company to greater financial vulnerability.

PLD

0.66

Industrial REITs Industry

Max: 1.18
Q3: 0.78
Median: 0.68
Q1: 0.45
Min: 0.19

PLD’s Debt-to-Equity Ratio of 0.66 is typical for the Industrial REITs industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

FR vs. PLD: A comparison of their Debt-to-Equity Ratio (MRQ) against the Industrial REITs industry benchmark.

Interest Coverage Ratio (TTM)

FR

4.60

Industrial REITs Industry

Max: 14.64
Q3: 8.83
Median: 2.42
Q1: 0.90
Min: -0.86

FR’s Interest Coverage Ratio of 4.60 is positioned comfortably within the norm for the Industrial REITs industry, indicating a standard and healthy capacity to cover its interest payments.

PLD

14.64

Industrial REITs Industry

Max: 14.64
Q3: 8.83
Median: 2.42
Q1: 0.90
Min: -0.86

PLD’s Interest Coverage Ratio of 14.64 is in the upper quartile for the Industrial REITs industry, signifying a strong and healthy capacity to meet its interest payments from operating profits.

FR vs. PLD: A comparison of their Interest Coverage Ratio (TTM) against the Industrial REITs industry benchmark.

Financial Strength at a Glance

Symbol	FR	PLD
Current Ratio (MRQ)	0.96	0.19
Quick Ratio (MRQ)	0.96	0.19
Debt-to-Equity Ratio (MRQ)	0.90	0.66
Interest Coverage Ratio (TTM)	4.60	14.64

Growth

Revenue Growth

FR vs. PLD: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

FR vs. PLD: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

FR

3.20%

Industrial REITs Industry

Max: 6.69%
Q3: 4.95%
Median: 4.07%
Q1: 3.14%
Min: 0.80%

FR’s Dividend Yield of 3.20% is consistent with its peers in the Industrial REITs industry, providing a dividend return that is standard for its sector.

PLD

3.68%

Industrial REITs Industry

Max: 6.69%
Q3: 4.95%
Median: 4.07%
Q1: 3.14%
Min: 0.80%

PLD’s Dividend Yield of 3.68% is consistent with its peers in the Industrial REITs industry, providing a dividend return that is standard for its sector.

FR vs. PLD: A comparison of their Dividend Yield (TTM) against the Industrial REITs industry benchmark.

Dividend Payout Ratio (TTM)

FR

77.71%

Industrial REITs Industry

Max: 190.40%
Q3: 117.33%
Median: 98.28%
Q1: 61.28%
Min: 0.00%

FR’s Dividend Payout Ratio of 77.71% is within the typical range for the Industrial REITs industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

PLD

106.34%

Industrial REITs Industry

Max: 190.40%
Q3: 117.33%
Median: 98.28%
Q1: 61.28%
Min: 0.00%

PLD’s Dividend Payout Ratio of 106.34% is within the typical range for the Industrial REITs industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

FR vs. PLD: A comparison of their Dividend Payout Ratio (TTM) against the Industrial REITs industry benchmark.

Dividend at a Glance

Symbol	FR	PLD
Dividend Yield (TTM)	3.20%	3.68%
Dividend Payout Ratio (TTM)	77.71%	106.34%

Valuation

Price-to-Earnings Ratio (TTM)

FR

24.31

Industrial REITs Industry

Max: 37.42
Q3: 29.45
Median: 24.42
Q1: 16.43
Min: 5.63

The P/E Ratio is often not the primary metric for valuation in the Industrial REITs industry.

PLD

28.89

Industrial REITs Industry

Max: 37.42
Q3: 29.45
Median: 24.42
Q1: 16.43
Min: 5.63

The P/E Ratio is often not the primary metric for valuation in the Industrial REITs industry.

FR vs. PLD: A comparison of their Price-to-Earnings Ratio (TTM) against the Industrial REITs industry benchmark.

Price-to-Sales Ratio (TTM)

FR

9.41

Industrial REITs Industry

Max: 14.39
Q3: 11.20
Median: 8.86
Q1: 7.44
Min: 1.80

FR’s P/S Ratio of 9.41 aligns with the market consensus for the Industrial REITs industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

PLD

11.64

Industrial REITs Industry

Max: 14.39
Q3: 11.20
Median: 8.86
Q1: 7.44
Min: 1.80

PLD’s P/S Ratio of 11.64 is in the upper echelon for the Industrial REITs industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.

FR vs. PLD: A comparison of their Price-to-Sales Ratio (TTM) against the Industrial REITs industry benchmark.

Price-to-Book Ratio (MRQ)

FR

2.41

Industrial REITs Industry

Max: 2.58
Q3: 1.81
Median: 1.19
Q1: 0.92
Min: 0.66

FR’s P/B Ratio of 2.41 is in the upper tier for the Industrial REITs industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

PLD

1.85

Industrial REITs Industry

Max: 2.58
Q3: 1.81
Median: 1.19
Q1: 0.92
Min: 0.66

PLD’s P/B Ratio of 1.85 is in the upper tier for the Industrial REITs industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

FR vs. PLD: A comparison of their Price-to-Book Ratio (MRQ) against the Industrial REITs industry benchmark.

Valuation at a Glance

Symbol	FR	PLD
Price-to-Earnings Ratio (TTM)	24.31	28.89
Price-to-Sales Ratio (TTM)	9.41	11.64
Price-to-Book Ratio (MRQ)	2.41	1.85
Price-to-Free Cash Flow Ratio (TTM)	83.85	408.53