AMT vs PLD
American Tower (AMT) and Prologis (PLD) compared side by side. Prologis (PLD) is larger, with a market cap of $122.9B versus $88.1B for American Tower, about 1.4 times the size. On trailing earnings, AMT is cheaper at 26.0x versus 28.1x for PLD.
Head to head
| Metric | AMT | PLD |
|---|---|---|
| Market cap | $88.1B | $122.9B |
| P/E (TTM) | 26.0x | 28.1x |
| Forward P/E | 27.1x | 39.9x |
| Revenue (TTM) | $10.9B | $9.9B |
| Revenue growth | 4.7% | 10.2% |
| Gross margin | 73.8% | 75.7% |
| Operating margin | 45.4% | 42.9% |
| Free cash flow | $4.0B | $5.2B |
| Dividend yield | 3.79% | 3.38% |
| 1-year return | +3.3% | +3.7% |
| 5-year return (annual) | -4.8% | +0.3% |
| Max drawdown | -99% | -85% |
| FI Handbook grade | B- | C |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
AMT vs PLD FAQ
Which is bigger, AMT or PLD?
Prologis (PLD) is larger, with a market cap of $122.9B versus $88.1B for American Tower, about 1.4 times the size.
Is AMT or PLD cheaper?
On trailing earnings, AMT is cheaper at 26.0x versus 28.1x for PLD. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, AMT or PLD?
PLD returned +3.7% over the past year including dividends, versus +3.3% for AMT, through October 23, 2026.
Which pays a higher dividend, AMT or PLD?
AMT yields 3.79% versus 3.38% for PLD.
Full pages: American Tower · Prologis