Comprehensive Stock Comparison
Compare STAG Industrial, Inc. (STAG) vs Terreno Realty Corporation (TRNO) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
Selected Stocks
Add up to 10 tickers. Use presets or search to get started.
Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | TRNO | 24.5% revenue growth vs STAG's 10.1% |
| Value | STAG | Lower P/E (38.5x vs 48.7x) |
| Quality / Margins | TRNO | 84.4% net margin vs STAG's 29.3% |
| Stability / Safety | STAG | Beta 0.66 vs TRNO's 0.80 |
| Dividends | STAG | 3.9% yield, 2-year raise streak, vs TRNO's 3.0% |
| Momentum (1Y) | STAG | +12.8% vs TRNO's -0.1% |
| Efficiency (ROA) | TRNO | 7.5% ROA vs STAG's 3.5%, ROIC 2.9% vs 0.1% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Valuation efficiency (growth/$)
Defensive / Recession hedge
Business Model
What each company does and how it makes money
STAG Industrial is a real estate investment trust that acquires and operates single-tenant industrial properties across the United States. It generates revenue primarily through rental income from its portfolio of warehouses and distribution centers — with nearly all properties leased to single tenants on long-term, triple-net agreements. The company's competitive advantage lies in its specialized focus on secondary markets where it faces less competition and can achieve higher yields than in primary logistics hubs.
Terreno Realty Corporation is a real estate investment trust that acquires, owns, and operates industrial properties — primarily warehouses and distribution facilities — in six major coastal U.S. markets. It generates revenue primarily through rental income from its industrial real estate portfolio, with nearly all earnings coming from property leases. The company's key advantage is its strategic focus on high-barrier coastal markets where land scarcity and port proximity create durable demand for industrial space.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
STAG leads in 3 of 6 categories (Valuation Metrics, Total Returns). TRNO leads in 2 (Financial Metrics, Profitability & Efficiency). 1 tied.
Financial Metrics (TTM)
STAG is the larger business by revenue, generating $824M annually — 1.7x TRNO's $476M. TRNO is the more profitable business, keeping 84.4% of every revenue dollar as net income compared to STAG's 29.3%. On growth, TRNO holds the edge at +32.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | STAGSTAG Industrial, … | TRNOTerreno Realty Co… |
|---|---|---|
| RevenueTrailing 12 months | $824M | $476M |
| EBITDAEarnings before interest/tax | $606M | $314M |
| Net IncomeAfter-tax profit | $241M | $402M |
| Free Cash FlowCash after capex | $425M | $310M |
| Gross MarginGross profit ÷ Revenue | +79.8% | +50.3% |
| Operating MarginEBIT ÷ Revenue | +37.3% | +40.4% |
| Net MarginNet income ÷ Revenue | +29.3% | +84.4% |
| FCF MarginFCF ÷ Revenue | +51.6% | +65.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +10.7% | +32.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +13.0% | +100.0% |
Valuation Metrics
At 16.9x trailing earnings, TRNO trades at a 37% valuation discount to STAG's 26.9x P/E. Adjusting for growth (PEG ratio), TRNO offers better value at 0.48x vs STAG's 13.19x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | STAGSTAG Industrial, … | TRNOTerreno Realty Co… |
|---|---|---|
| Market CapShares × price | $7.3B | $6.8B |
| Enterprise ValueMkt cap + debt − cash | $7.3B | $8.0B |
| Trailing P/EPrice ÷ TTM EPS | 26.86x | 16.85x |
| Forward P/EPrice ÷ next-FY EPS est. | 38.53x | 48.70x |
| PEG RatioP/E ÷ EPS growth rate | 13.19x | 0.48x |
| EV / EBITDAEnterprise value multiple | 23.77x | 25.52x |
| Price / SalesMarket cap ÷ Revenue | 8.67x | 14.37x |
| Price / BookPrice ÷ Book value/share | 2.00x | 1.64x |
| Price / FCFMarket cap ÷ FCF | 15.81x | 32.85x |
Profitability & Efficiency
TRNO delivers a 9.7% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $7 for STAG. On the Piotroski fundamental quality scale (0–9), STAG scores 5/9 vs TRNO's 4/9, reflecting solid financial health.
| Metric | STAGSTAG Industrial, … | TRNOTerreno Realty Co… |
|---|---|---|
| ROE (TTM)Return on equity | +6.9% | +9.7% |
| ROA (TTM)Return on assets | +3.5% | +7.5% |
| ROICReturn on invested capital | +0.1% | +2.9% |
| ROCEReturn on capital employed | +0.1% | +4.1% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 |
| Debt / EquityFinancial leverage | — | 0.29x |
| Net DebtTotal debt minus cash | -$15M | $1.2B |
| Cash & Equiv.Liquid assets | $15M | $26M |
| Total DebtShort + long-term debt | $0 | $1.2B |
| Interest CoverageEBIT ÷ Interest expense | — | — |
Total Returns (with DRIP)
A $10,000 investment in STAG five years ago would be worth $14,464 today (with dividends reinvested), compared to $13,130 for TRNO. Over the past 12 months, STAG leads with a +12.8% total return vs TRNO's -0.1%. The 3-year compound annual growth rate (CAGR) favors STAG at 8.9% vs TRNO's 4.7% — a key indicator of consistent wealth creation.
| Metric | STAGSTAG Industrial, … | TRNOTerreno Realty Co… |
|---|---|---|
| YTD ReturnYear-to-date | +6.2% | +11.9% |
| 1-Year ReturnPast 12 months | +12.8% | -0.1% |
| 3-Year ReturnCumulative with dividends | +29.1% | +14.6% |
| 5-Year ReturnCumulative with dividends | +44.6% | +31.3% |
| 10-Year ReturnCumulative with dividends | +204.2% | +255.5% |
| CAGR (3Y)Annualised 3-year return | +8.9% | +4.7% |
Risk & Volatility
STAG is the less volatile stock with a 0.66 beta — it tends to amplify market swings less than TRNO's 0.80 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | STAGSTAG Industrial, … | TRNOTerreno Realty Co… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.66x | 0.80x |
| 52-Week HighHighest price in past year | $39.97 | $69.20 |
| 52-Week LowLowest price in past year | $28.61 | $48.18 |
| % of 52W HighCurrent price vs 52-week peak | +98.1% | +95.5% |
| RSI (14)Momentum oscillator 0–100 | 57.7 | 62.4 |
| Avg Volume (50D)Average daily shares traded | 1.3M | 641K |
Analyst Outlook
Wall Street rates STAG as "Buy" and TRNO as "Buy". Consensus price targets imply 14.7% upside for STAG (target: $45) vs 5.4% for TRNO (target: $70). For income investors, STAG offers the higher dividend yield at 3.87% vs TRNO's 3.00%.
| Metric | STAGSTAG Industrial, … | TRNOTerreno Realty Co… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $45.00 | $69.60 |
| # AnalystsCovering analysts | 21 | 32 |
| Dividend YieldAnnual dividend ÷ price | +3.9% | +3.0% |
| Dividend StreakConsecutive years of raises | 2 | 15 |
| Dividend / ShareAnnual DPS | $1.52 | $1.98 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 20 | Feb 26 | Change |
|---|---|---|---|
| STAG Industrial, In… (STAG) | 100 | 133.95 | +34.0% |
| Terreno Realty Corp… (TRNO) | 100 | 112.19 | +12.2% |
STAG Industrial, In… (STAG) returned +45% over 5 years vs Terreno Realty Corp… (TRNO)'s +31%. A $10,000 investment in STAG 5 years ago would be worth $14,464 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| STAG Industrial, In… (STAG) | $250M | $845M | +237.7% |
| Terreno Realty Corp… (TRNO) | $108M | $476M | +339.4% |
STAG Industrial, Inc.'s revenue grew from $250M (2016) to $845M (2025) — a 14.5% CAGR. Terreno Realty Corporation's revenue grew from $108M (2016) to $476M (2025) — a 17.9% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| STAG Industrial, In… (STAG) | 13.8% | 32.3% | +134.5% |
| Terreno Realty Corp… (TRNO) | 13.9% | 84.6% | +506.7% |
STAG Industrial, Inc.'s net margin went from 14% (2016) to 32% (2025). Terreno Realty Corporation's net margin went from 14% (2016) to 85% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| STAG Industrial, In… (STAG) | 118.8 | 25.2 | -78.8% |
| Terreno Realty Corp… (TRNO) | 36.9 | 15 | -59.3% |
STAG Industrial, Inc. has traded in a 24x–119x P/E range over 8 years; current trailing P/E is ~27x. Terreno Realty Corporation has traded in a 15x–102x P/E range over 9 years; current trailing P/E is ~17x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| STAG Industrial, In… (STAG) | 0.29 | 1.46 | +403.4% |
| Terreno Realty Corp… (TRNO) | 0.26 | 3.92 | +1407.7% |
STAG Industrial, Inc.'s EPS grew from $0.29 (2016) to $1.46 (2025) — a 20% CAGR. Terreno Realty Corporation's EPS grew from $0.26 (2016) to $3.92 (2025) — a 35% CAGR.
Chart 6Free Cash Flow — 5 Years
STAG Industrial, Inc. generated $463M FCF in 2025 (+164% vs 2021). Terreno Realty Corporation generated $208M FCF in 2025 (+158% vs 2021).
STAG vs TRNO: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is STAG or TRNO a better buy right now?
Terreno Realty Corporation (TRNO) offers the better valuation at 16.9x trailing P/E (48.7x forward), making it the more compelling value choice. Analysts rate STAG Industrial, Inc. (STAG) a "Buy" — based on 21 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — STAG or TRNO?
On trailing P/E, Terreno Realty Corporation (TRNO) is the cheapest at 16.9x versus STAG Industrial, Inc. at 26.9x. On forward P/E, STAG Industrial, Inc. is actually cheaper at 38.5x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Terreno Realty Corporation wins at 1.37x versus STAG Industrial, Inc.'s 18.92x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — STAG or TRNO?
Over the past 5 years, STAG Industrial, Inc. (STAG) delivered a total return of +44.6%, compared to +31.3% for Terreno Realty Corporation (TRNO). A $10,000 investment in STAG five years ago would be worth approximately $14K today (assuming dividends reinvested). Over 10 years, the gap is even starker: TRNO returned +255.5% versus STAG's +204.2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — STAG or TRNO?
By beta (market sensitivity over 5 years), STAG Industrial, Inc. (STAG) is the lower-risk stock at 0.66β versus Terreno Realty Corporation's 0.80β — meaning TRNO is approximately 20% more volatile than STAG relative to the S&P 500.
05Which has better profit margins — STAG or TRNO?
Terreno Realty Corporation (TRNO) is the more profitable company, earning 84.6% net margin versus 32.3% for STAG Industrial, Inc. — meaning it keeps 84.6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TRNO leads at 40.3% versus 0.7% for STAG. At the gross margin level — before operating expenses — STAG leads at 79.8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is STAG or TRNO more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential. By this metric, Terreno Realty Corporation (TRNO) is the more undervalued stock at a PEG of 1.37x versus STAG Industrial, Inc.'s 18.92x. A PEG below 1.5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, STAG Industrial, Inc. (STAG) trades at 38.5x forward P/E versus 48.7x for Terreno Realty Corporation — 10.2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for STAG: 14.7% to $45.00.
07Which pays a better dividend — STAG or TRNO?
All stocks in this comparison pay dividends. STAG Industrial, Inc. (STAG) offers the highest yield at 3.9%, versus 3.0% for Terreno Realty Corporation (TRNO).
08Is STAG or TRNO better for a retirement portfolio?
For long-horizon retirement investors, STAG Industrial, Inc. (STAG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.66), 3.9% yield, +204.2% 10Y return). Both have compounded well over 10 years (STAG: +204.2%, TRNO: +255.5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between STAG and TRNO?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. In terms of investment character: STAG is a small-cap income-oriented stock; TRNO is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that beat both.