WallStSmart

Prologis Inc (PLD)vsTerreno Realty Corporation (TRNO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Prologis Inc generates 1820% more annual revenue ($9.66B vs $502.88M). TRNO leads profitability with a 77.3% profit margin vs 43.6%. TRNO appears more attractively valued with a PEG of 7.15. PLD earns a higher WallStSmart Score of 65/100 (B-).

PLD

Strong Buy

65

out of 100

Grade: B-

Growth: 8.0Profit: 7.0Value: 5.3Quality: 4.0
Piotroski: 2/9Altman Z: 1.01

TRNO

Buy

56

out of 100

Grade: C

Growth: 5.3Profit: 7.5Value: 6.7Quality: 7.0
Piotroski: 4/9Altman Z: 2.37
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

PLDUndervalued (+46.1%)

Margin of Safety

+46.1%

Fair Value

$252.09

Current Price

$135.96

$116.13 discount

UndervaluedFair: $252.09Overvalued
TRNOUndervalued (+68.6%)

Margin of Safety

+68.6%

Fair Value

$208.21

Current Price

$66.38

$141.83 discount

UndervaluedFair: $208.21Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

PLD6 strengths · Avg: 9.2/10
Profit MarginProfitability
43.6%10/10

Keeps 44 of every $100 in revenue as profit

Operating MarginProfitability
43.0%10/10

Strong operational efficiency at 43.0%

EPS GrowthGrowth
85.3%10/10

Earnings expanding 85.3% YoY

Market CapQuality
$131.96B9/10

Large-cap with strong market position

Price/BookValuation
2.4x8/10

Reasonable price relative to book value

Free Cash FlowQuality
$1.20B8/10

Generating 1.2B in free cash flow

TRNO5 strengths · Avg: 9.0/10
Profit MarginProfitability
77.3%10/10

Keeps 77 of every $100 in revenue as profit

Operating MarginProfitability
41.8%10/10

Strong operational efficiency at 41.8%

Debt/EquityHealth
0.249/10

Conservative balance sheet, low leverage

P/E RatioValuation
17.8x8/10

Attractively priced relative to earnings

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

Areas to Watch

PLD4 concerns · Avg: 3.0/10
P/E RatioValuation
30.2x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
7.8%3/10

ROE of 7.8% — below average capital efficiency

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
117.012/10

Expensive relative to growth rate

TRNO2 concerns · Avg: 2.0/10
PEG RatioValuation
7.152/10

Expensive relative to growth rate

EPS GrowthGrowth
-40.2%2/10

Earnings declined 40.2%

Comparative Analysis Report

WallStSmart Research

Bull Case : PLD

The strongest argument for PLD centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 43.6% and operating margin at 43.0%. Revenue growth of 12.3% demonstrates continued momentum.

Bull Case : TRNO

The strongest argument for TRNO centers on Profit Margin, Operating Margin, Debt/Equity. Profitability is solid with margins at 77.3% and operating margin at 41.8%. Revenue growth of 11.1% demonstrates continued momentum.

Bear Case : PLD

The primary concerns for PLD are P/E Ratio, Return on Equity, Piotroski F-Score.

Bear Case : TRNO

The primary concerns for TRNO are PEG Ratio, EPS Growth.

Key Dynamics to Monitor

PLD carries more volatility with a beta of 1.32 — expect wider price swings.

PLD is growing revenue faster at 12.3% — sustainability is the question.

PLD generates stronger free cash flow (1.2B), providing more financial flexibility.

Monitor REIT - INDUSTRIAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

PLD scores higher overall (65/100 vs 56/100), backed by strong 43.6% margins and 12.3% revenue growth. TRNO offers better value entry with a 68.6% margin of safety. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Prologis Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities, with a focus on the consumption side of the global supply chain.

Terreno Realty Corporation

REAL ESTATE · REIT - INDUSTRIAL · USA

Terreno Realty Corporation and together with its subsidiaries, the?

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