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

Updated on August 31, 2025

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

Company Profile

Both PLD and TRNO 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	PLD	TRNO
Company Name	Prologis, Inc.	Terreno Realty Corporation
Country	United States	United States
GICS Sector	Real Estate	Real Estate
GICS Industry	Industrial REITs	Industrial REITs
Market Capitalization	105.60 billion USD	5.97 billion USD
Exchange	NYSE	NYSE
Listing Date	November 21, 1997	February 10, 2010
Security Type	REIT	REIT

Historical Performance

This chart compares the performance of PLD and TRNO 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.

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

Historical Performance at a Glance

Symbol	PLD	TRNO
5-Day Price Return	1.94%	-0.16%
13-Week Price Return	4.17%	1.24%
26-Week Price Return	-7.20%	-14.20%
52-Week Price Return	-10.34%	-15.76%
Month-to-Date Return	6.56%	4.11%
Year-to-Date Return	7.64%	-2.32%
10-Day Avg. Volume	3.15M	0.82M
3-Month Avg. Volume	4.09M	0.89M
3-Month Volatility	22.45%	23.31%
Beta	1.31	1.07

Profitability

Return on Equity (TTM)

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.

TRNO

6.72%

Industrial REITs Industry

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

TRNO’s Return on Equity of 6.72% is on par with the norm for the Industrial REITs industry, indicating its profitability relative to shareholder equity is typical for the sector.

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

Net Profit Margin (TTM)

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.

TRNO

59.66%

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

Operating Profit Margin (TTM)

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.

TRNO

38.75%

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

Profitability at a Glance

Symbol	PLD	TRNO
Return on Equity (TTM)	6.47%	6.72%
Return on Assets (TTM)	3.58%	5.29%
Net Profit Margin (TTM)	40.29%	59.66%
Operating Profit Margin (TTM)	39.34%	38.75%
Gross Profit Margin (TTM)	75.35%	74.15%

Financial Strength

Current Ratio (MRQ)

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.

TRNO

0.78

Industrial REITs Industry

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

TRNO’s Current Ratio of 0.78 aligns with the median group of the Industrial REITs industry, indicating that its short-term liquidity is in line with its sector peers.

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

Debt-to-Equity Ratio (MRQ)

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.

TRNO

0.19

Industrial REITs Industry

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

At 0.19, TRNO’s Debt-to-Equity Ratio is unusually low for the Industrial REITs industry. This highlights a conservative capital structure, suggesting the company prioritizes financial stability over aggressive growth funded by debt.

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

Interest Coverage Ratio (TTM)

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.

TRNO

21.88

Industrial REITs Industry

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

With an Interest Coverage Ratio of 21.88, TRNO demonstrates a superior capacity to service its debt, placing it well above the typical range for the Industrial REITs industry. This stems from either robust earnings or a conservative debt load.

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

Financial Strength at a Glance

Symbol	PLD	TRNO
Current Ratio (MRQ)	0.19	0.78
Quick Ratio (MRQ)	0.19	0.78
Debt-to-Equity Ratio (MRQ)	0.66	0.19
Interest Coverage Ratio (TTM)	14.64	21.88

Growth

Revenue Growth

PLD vs. TRNO: 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

PLD vs. TRNO: 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)

PLD

3.48%

Industrial REITs Industry

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

PLD’s Dividend Yield of 3.48% is consistent with its peers in the Industrial REITs industry, providing a dividend return that is standard for its sector.

TRNO

3.34%

Industrial REITs Industry

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

TRNO’s Dividend Yield of 3.34% is consistent with its peers in the Industrial REITs industry, providing a dividend return that is standard for its sector.

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

Dividend Payout Ratio (TTM)

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.

TRNO

75.51%

Industrial REITs Industry

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

TRNO’s Dividend Payout Ratio of 75.51% is within the typical range for the Industrial REITs industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

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

Dividend at a Glance

Symbol	PLD	TRNO
Dividend Yield (TTM)	3.48%	3.34%
Dividend Payout Ratio (TTM)	106.34%	75.51%

Valuation

Price-to-Earnings Ratio (TTM)

PLD

30.53

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.

TRNO

22.64

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

Price-to-Sales Ratio (TTM)

PLD

12.30

Industrial REITs Industry

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

PLD’s P/S Ratio of 12.30 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.

TRNO

13.51

Industrial REITs Industry

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

TRNO’s P/S Ratio of 13.51 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.

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

Price-to-Book Ratio (MRQ)

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.

TRNO

1.47

Industrial REITs Industry

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

TRNO’s P/B Ratio of 1.47 is within the conventional range for the Industrial REITs industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

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

Valuation at a Glance

Symbol	PLD	TRNO
Price-to-Earnings Ratio (TTM)	30.53	22.64
Price-to-Sales Ratio (TTM)	12.30	13.51
Price-to-Book Ratio (MRQ)	1.85	1.47
Price-to-Free Cash Flow Ratio (TTM)	431.73	65.97