AMT vs COLD vs PLD Stock Comparison

American Tower, Americold Realty Trust and Prologis Prices as of Oct 23, 2026 Peers: Industry group
AMT American Tower Corp /Ma/
$188.97 +10.6% 1M -0.7% 1Y
Market cap
$87.68B
P/E
25.8x
Revenue (TTM)
$10.94B
Div. yield
–
Tower REITs Real Estate
4 wins
COLD Americold Realty Trust
$14.45 +0.6% 1M +5.9% 1Y
Market cap
$4.19B
P/E
–
Revenue (TTM)
$2.61B
Div. yield
0.06%
Industrial REITs Real Estate
1 win
PLD Prologis, Inc.
$126.41 -5.7% 1M +0.5% 1Y
Market cap
$117.84B
P/E
28.0x
Revenue (TTM)
$9.19B
Div. yield
–
Industrial REITs Real Estate
6 wins

Head to Head

11 decided of 12

Prologis leads on 6 of the 12 questions below (Prologis 6, American Tower 4, Americold Realty Trust 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMTCOLDPLDLeader
Larger companyMarket capitalisation $87.68B $4.19B $117.84B PLD
Cheaper on earningsLower P/E, profitable companies only 25.8x -9.2x 28.0x AMT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 28.0x — 35.5x AMT
Faster revenue growthRevenue growth, trailing twelve months +6.6% -0.2% +7.3% PLD
More profitableNet margin, trailing twelve months 31.1% -17.4% 45.7% PLD
Better return on capitalReturn on invested capital 9.2% -4.6% 5.0% AMT
Less leveragedLower net debt / EBITDA 5.1x 67.3x 4.4x PLD
Higher dividend yieldTrailing dividend yield 0.00% 0.06% 0.00% –
Better 1-year returnPrice return, last 12 months -0.7% +5.9% +0.5% COLD
Better 5-year returnAnnualised price return, 5 years -7.9%/yr -13.6%/yr -2.6%/yr PLD
Less volatileAnnualised volatility, 1 year 28.5% 44.1% 20.5% PLD
Higher overall scoreMean of the five percentile scores vs peers 56/100 22/100 48/100 AMT

Percentile Scorecard

AMTCOLDPLD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAMTCOLDPLD
Valuation 30 #8 of 11 20 #116 of 145 10 #131 of 145
Growth 89 #2 of 10 4 #138 of 144 59 #60 of 144
Profitability 67 #4 of 10 15 #119 of 140 77 #33 of 140
Financial Health 40 #7 of 11 12 #129 of 146 86 #21 of 146
Shareholder Returns – 61 #52 of 132 9 #120 of 132
Overall 56 22 48
  • AMT ranked among 11 companies in Infrastructure REITs
  • COLD ranked among 149 companies in Property REITs
  • PLD ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAMTCOLDPLDSPY
1 month +10.6%+0.6%-5.7% -1.0%
3 months +13.4%+0.9%-14.4% +2.9%
6 months +6.0%+12.6%-11.0% +6.4%
Year to date +7.6%+12.4%-1.0% +11.4%
1 year -0.7%+5.9%+0.5% +13.1%
3 years +15.8%-44.8%+24.3% +79.4%
3 years, per year +5.0%-18.0%+7.5% +21.5%
5 years -33.6%-51.8%-12.2% +67.7%
5 years, per year -7.9%-13.6%-2.6% +10.9%
10 years +63.3%—+141.2% +255.2%
10 years, per year +5.0%—+9.2% +13.5%

Risk

MeasureAMTCOLDPLDSPY
Volatility, 1Y 28.5%44.1%20.5% 12.7%
Downside volatility, 1Y 28.7%39.4%20.8% 12.7%
Beta vs S&P 500, 1Y -0.060.730.39 1.00
Return / volatility, 1Y -0.020.130.02 1.03
Max drawdown, 5Y -46.1%-70.0%-48.1% -25.4%
From 52-week high -2.7%-11.1%-15.7% -2.5%
52-week high $194.12$16.25$149.92 $779.14
52-week low $161.11$10.12$122.40 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAMTCOLDPLD
P/E now vs peer median 25.9xmedian 24.1x -9.1xmedian 27.0x 28.1xmedian 27.0x
P/S now vs peer median 8.0xmedian 6.3x 1.6xmedian 4.1x 12.8xmedian 4.1x
EV/EBITDA now vs peer median 17.7xmedian 16.7x 133.3xmedian 14.5x 19.4xmedian 14.5x
P/FCF now vs peer median 22.2xmedian 18.0x -21.9xmedian 23.7x -256.6xmedian 23.7x
P/B now vs peer median 8.6xmedian 2.3x 1.7xmedian 1.3x 2.0xmedian 1.3x
PEG now vs peer median 0.50median 0.71 0.16median 2.07 3.34median 2.07

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAMTCOLDPLD
Revenue $10.94B $2.61B $9.19B
Gross profit $10.78B $830.08M –
Operating income $4.90B -$326.12M $5.03B
Net income $3.52B -$460.51M $4.47B
Free cash flow $3.96B -$187.93M -$459.56M
EPS (diluted) $7.29 $-1.59 $4.39
Cash & equivalents $1.76B $40.47M $1.77B
Total debt $37.19B $16.45B $36.44B
Shares (diluted) 466.27M 286.88M 957.88M
Enterprise value $80.88B $3.94B $112.88B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAMTCOLDPLD
P/E 25.9x -9.1x 28.1x
P/FCF 22.2x -21.9x -256.6x
P/Operating cash flow 15.2x 11.8x 22.5x
P/S 8.0x 1.6x 12.8x
P/B 8.6x 1.7x 2.0x
P/Tangible book -23.6x 2.5x 2.0x
EV/EBITDA 17.7x 133.3x 19.4x
EV/EBIT 25.2x -25.5x 30.3x
EV/Revenue 11.3x 3.2x 16.6x
EV/FCF 31.2x -44.3x -332.1x
EV/Operating cash flow 21.4x 23.8x 29.1x
PEG (3Y EPS CAGR) 0.50 0.16 3.34

Growth

14 metrics
MetricAMTCOLDPLD
Revenue growth (1Y) 6.6% -0.2% 7.3%
Revenue CAGR (3Y) 5.4% -2.3% 6.0%
Gross profit growth (1Y) 6.5% -0.9% –
Gross profit CAGR (3Y) 5.2% 3.9% –
Operating income growth (1Y) 4.9% -514.8% 12.7%
Operating income CAGR (3Y) 20.1% -70.8% 10.6%
Net income growth (1Y) 164.5% -736.3% 21.9%
Net income CAGR (3Y) 58.7% -59.6% 8.9%
EPS growth (1Y) 164.5% -729.3% 21.8%
EPS CAGR (3Y) 52.1% -56.0% 8.4%
Operating cash flow growth (1Y) 10.1% -4.0% 1.3%
Operating cash flow CAGR (3Y) 9.5% 11.8% 2.9%
Free cash flow growth (1Y) 5.8% -48.2% -130.1%
Free cash flow CAGR (3Y) 18.2% -232.6% 47.6%

Profitability

14 metrics
MetricAMTCOLDPLD
Gross margin 98.5% 31.7% –
EBITDA margin 63.7% 2.4% 85.4%
Operating margin 44.8% -12.5% 54.7%
Pretax margin 36.0% -18.0% 51.9%
Net margin 31.1% -17.4% 45.7%
FCF margin 36.2% -7.2% -5.0%
Operating cash flow margin 52.8% 13.4% 57.0%
Return on equity 34.5% -17.3% 7.7%
Return on assets 5.6% -5.8% 4.5%
Return on invested capital 9.2% -4.6% 5.0%
Return on capital employed 9.0% – –
Asset turnover 0.2x 0.3x 0.1x
Cash conversion (OCF / net income) 1.6x -0.8x 1.2x
Stock comp / revenue 1.5% 1.1% 2.2%

Financial Health

11 metrics
MetricAMTCOLDPLD
Debt / assets 58.8% 54.3% 36.1%
Debt / equity 3.6x 1.7x 0.6x
Net debt / EBITDA 5.1x 67.3x 4.4x
Debt / FCF 9.4x -22.6x -79.3x
Liabilities / assets 83.8% 68.6% 42.5%
Equity / assets 16.2% 31.4% 57.5%
Interest coverage 3.5x -2.1x 4.8x
Current ratio 0.4x – –
Quick ratio 0.3x – –
Cash ratio 0.2x – –
Altman Z-score 1.20 – –

Shareholder Returns

7 metrics
MetricAMTCOLDPLD
Dividend yield 3.7% 6.4% 3.3%
Net buyback yield 0.2% -0.1% –
Shareholder yield 3.9% 6.3% 3.3%
Payout ratio (earnings) – -57.4% –
Payout ratio (FCF) – -140.7% –
Dividend growth (1Y) – 3.4% –
Dividend CAGR (3Y) – 3.4% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAMTCOLDPLD
Forward P/E 28.0xFY2026 – 35.5xFY2026
EPS, next fiscal year $6.75FY2026 $-1.31FY2026 $3.56FY2026
EPS growth, next FY +25.0%FY2026 – 0.0%FY2026
EPS growth, the year after -0.3% – +2.0%
Revenue, next fiscal year $11.51BFY2026 $2.40BFY2026 $8.99BFY2026
Revenue growth, next FY +8.2%FY2026 -7.9%FY2026 +10.2%FY2026
Revenue growth, the year after +4.0% +12.7% +1.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMTCOLDPLD
Held by institutions 94.4% 100.0% 94.5%
Institutions holding 1,743 406 1,724
Change in shares held, QoQ +2.5% -0.3% +1.5%
Institutions buying 860 212 968
Institutions selling 657 140 531
Buyers to sellers 1.31 1.51 1.82

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AMTCOLDPLD
AMT 1.00 0.22 0.25
COLD 0.22 1.00 0.31
PLD 0.25 0.31 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMT, COLD and PLD?

Prologis (PLD) is the largest by market capitalisation: American Tower (AMT) $87.68B, Americold Realty Trust (COLD) $4.19B, Prologis (PLD) $117.84B.

Which stock is cheaper, AMT, COLD and PLD?

American Tower (AMT) trades on the lowest price-to-earnings ratio (American Tower (AMT) 25.8x, Americold Realty Trust (COLD) -9.2x, Prologis (PLD) 28.0x). On next year's consensus earnings, American Tower (AMT) is cheapest (American Tower (AMT) 28.0x, Prologis (PLD) 35.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Prologis (PLD) grew revenue fastest over the trailing twelve months: American Tower (AMT) +6.6%, Americold Realty Trust (COLD) -0.2%, Prologis (PLD) +7.3%.

Which company is more profitable?

Prologis (PLD) has the highest net margin (American Tower (AMT) 31.1%, Americold Realty Trust (COLD) -17.4%, Prologis (PLD) 45.7%). On return on invested capital, American Tower (AMT) leads (American Tower (AMT) 9.2%, Americold Realty Trust (COLD) -4.6%, Prologis (PLD) 5.0%).

Which stock has performed better?

Over the past year Americold Realty Trust (COLD) returned the most: American Tower (AMT) -0.7%, Americold Realty Trust (COLD) +5.9%, Prologis (PLD) +0.5%. Over five years, Prologis (PLD) compounded fastest (American Tower (AMT) -7.9%/yr, Americold Realty Trust (COLD) -13.6%/yr, Prologis (PLD) -2.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: American Tower (AMT) 0.00%, Americold Realty Trust (COLD) 0.06%, Prologis (PLD) 0.00%. American Tower (AMT) and Prologis (PLD) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Prologis (PLD) has been the steadiest (American Tower (AMT) 28.5%, Americold Realty Trust (COLD) 44.1%, Prologis (PLD) 20.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMT, COLD and PLD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Prologis (PLD) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.