American Tower vs Prologis (AMT vs PLD)
American Tower (AMT) vs Prologis (PLD) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
American Tower (AMT) and Prologis (PLD) compete in real estate. Here are American Tower and Prologis side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy American Tower or Prologis.
American Tower vs Prologis: the figures
| Figure | American Tower | Prologis |
|---|---|---|
| Share price | $194.86 (November 4, 2026) | $131.36 (November 4, 2026) |
| Market cap | $90.4 billion | $127.7 billion |
| P/E (TTM) | 27.4x | 28.9x |
| Forward P/E | 27.8x | 36.5x |
| Revenue growth (quarter) | +2.5% | +10.2% |
| Net margin (TTM) | 30.1% | 43.1% |
| Net debt / EBITDA | 6.1x | 5.1x |
| Dividend yield | 3.82% | 3.32% |
| Beta | 0.84 | 1.29 |
American Tower and Prologis figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that American Tower or Prologis figure is not available, and we never estimate it.
3 key differences between American Tower and Prologis
- Profitability: for every 100 of sales, Prologis keeps 43.1 as net profit and American Tower keeps 30.1.
- Growth: Prologis grew sales +10.2% year on year in its latest quarter, against +2.5% for American Tower.
- Volatility: Prologis stock moves more (beta 1.29) than American Tower (beta 0.84); the higher the beta, the more it amplifies market swings.
American Tower or Prologis: which fits your profile
- If you want growth: Prologis is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you want income (dividends): American Tower pays the higher dividend relative to its price.
- If you prefer caution: Prologis has less debt relative to its profit, which usually gives more room in a bad year.
- If price is what matters most to you: American Tower trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither American Tower nor Prologis wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How American Tower and Prologis make money
American Tower (AMT)
American Tower is a REIT that leases space on its cell towers to wireless carriers. It reports property segments by region, with U.S. and Canada the largest, followed by Latin America, Europe, and Africa and Asia-Pacific, plus a data center segment built around CoreSite and a small services business. Full American Tower analysis.
Prologis (PLD)
Prologis is a REIT that owns and leases logistics warehouses near major cities in the Americas, Europe and Asia. Its Real Estate segment, collecting rent from tenants such as Amazon, logistics firms and retailers, generates most revenue, while Strategic Capital earns fees for managing property funds on behalf of other investors. Full Prologis analysis.
Frequently asked questions: American Tower vs Prologis
Is American Tower or Prologis the better stock?
Choosing between American Tower and Prologis depends on what you are looking for. Prologis is growing faster right now, and American Tower trades on the lower P/E. Fintols does not tell you whether to buy American Tower or Prologis: it shows you the differences so you can decide.
Which pays a higher dividend, American Tower or Prologis?
As of November 4, 2026, American Tower yields 3.82% and Prologis yields 3.32%. Also check how much of their profit American Tower and Prologis pay out: if it is more than they earn, it cannot last.
Which is more expensive, American Tower or Prologis?
On P/E, Prologis (28.9x) is more expensive than American Tower (27.4x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both American Tower and Prologis?
Yes. Many people spread their money across several companies, such as American Tower and Prologis, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying American Tower or Prologis.
More comparisons with American Tower or Prologis
- American Tower vs Simon Property
- American Tower vs Welltower
- Prologis vs Welltower
- Prologis vs Simon Property
More companies like American Tower and Prologis: real estate stocks. Educational content about American Tower and Prologis, not investment advice.