Millrose Properties (NYSE:MRP) & Terreno Realty (NYSE:TRNO) Head to Head Review

Millrose Properties (NYSE:MRP) and Terreno Realty (NYSE:TRNO) are both mid-cap finance companies, but which is the better investment? We will compare the two companies based on the strength of their analyst recommendations, institutional ownership, earnings, dividends, profitability, risk and valuation.

Dividends

Millrose Properties pays an annual dividend of $0.38 per share and has a dividend yield of 1.6%. Terreno Realty pays an annual dividend of $1.96 per share and has a dividend yield of 3.4%. Terreno Realty pays out 102.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Profitability

This table compares Millrose Properties and Terreno Realty’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Millrose Properties	N/A	N/A	N/A
Terreno Realty	48.18%	5.20%	4.04%

Analyst Ratings

This is a breakdown of current ratings and target prices for Millrose Properties and Terreno Realty, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Millrose Properties	0	0	1	1	3.50
Terreno Realty	1	8	3	0	2.17

Millrose Properties currently has a consensus price target of $27.50, indicating a potential upside of 14.92%. Terreno Realty has a consensus price target of $66.45, indicating a potential upside of 15.28%. Given Terreno Realty’s higher possible upside, analysts plainly believe Terreno Realty is more favorable than Millrose Properties.

Earnings and Valuation

This table compares Millrose Properties and Terreno Realty”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Millrose Properties	$434.01 million	9.15	N/A	N/A	N/A
Terreno Realty	$382.62 million	15.52	$184.50 million	$1.92	30.03

Terreno Realty has lower revenue, but higher earnings than Millrose Properties.

Summary

Terreno Realty beats Millrose Properties on 7 of the 11 factors compared between the two stocks.

About Millrose Properties

Millrose Properties, Inc. is a real estate investment and management company that focuses on acquiring, developing, and managing high-quality commercial properties. They are headquartered in Purchase, New York.

About Terreno Realty

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited. As of December 31, 2023, the Company owned 259 buildings aggregating approximately 16.0 million square feet, 45 improved land parcels consisting of approximately 152.4 acres, seven properties under development or redevelopment and approximately 62.7 acres of land entitled for future development. The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the Code), commencing with its taxable year ended December 31, 2010.