Prologis, Inc. vs Ventas, Inc., two REIT stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Prologis leases logistics space to a growing e-commerce economy; Ventas leases care space to an aging population, two demand stories with little in common. Ventas's 161.9 P/E dwarfs Prologis's 35.2, but the gap is mostly accounting, REIT depreciation gutting Ventas's net income; on cash they are closer, Prologis yielding 3.84% free cash to Ventas's 3.97%. Prologis pays the larger dividend, 2.89% against 2.16%, is three times the size at $134B, and nets a fat 42.5% on its warehouse rents. Prologis runs 0.6 turns of debt. The comparison pairs a supply-chain landlord with a demographic one: Prologis compounds as distribution networks densify, Ventas as the population grays, and both ask to be judged on funds from operations rather than the distorted earnings line.
Comparison updated 2026-07-11.
| Metric | PLD | VTR |
|---|---|---|
| Price | $139.85 | $89.03 |
| Market cap | $133.9B | $43.3B |
| Sector | REIT | REIT |
| Stage | Mature | Growth |
| P/E | 35.2 | 161.9 |
| P/B | 2.31 | 3.29 |
| P/S | 14.97 | 7.07 |
| EV/EBITDA | 22.7 | 30.0 |
| Revenue growth | +6.8% | +20.6% |
| Operating margin | 52.7% | — |
| Net margin | 42.5% | 4.4% |
| Return on equity | 6.6% | 2.1% |
| Return on assets | 3.9% | 1.0% |
| Return on invested capital | 4.8% | — |
| FCF yield | 3.8% | 4.0% |
| Dividend yield | 2.9% | 2.2% |
| Debt / equity | 0.60 | 0.00 |
| Altman Z (solvency) | 2.12 | 1.67 |
| Piotroski F (quality) | 8 / 9 | 8 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.