DLR vs PLD: Which Is the Better Dividend Stock?
As of Sep 29, 2026, DLR and PLD are closely matched. PLD offers the higher yield at 3.22%, DLR has the higher dividend-safety score, and DLR looks like the better value (its fair-value estimate is 40% below its share price).
Key facts: DLR vs PLD
Data as of · Source: SmarterDividends data
- As of Sep 29, 2026, Prologis, Inc. (PLD) has the higher forward dividend yield at 3.22%, versus 2.73% for Digital Realty Trust, Inc. (DLR).
- As of Sep 29, 2026, SmarterDividends grades DLR's dividend safety A (85/100) and PLD's B (78/100).
- By SmarterDividends' count as of Sep 29, 2026, DLR has raised its dividend for 0 consecutive years and PLD for 12.
- As of Sep 29, 2026, DLR pays out 238% of its earnings as dividends and PLD pays out 93%.
- As of Sep 29, 2026, DLR's fair-value estimate is 40% below its share price and PLD's fair-value estimate is 42% below its share price, so DLR looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "DLR vs PLD: Dividend Yield, Safety & Value Compared," updated Sep 29, 2026, https://smarterdividends.com/compare/dlr-vs-pld
| Metric | DLR | PLD |
|---|---|---|
| Forward yield | 2.73% | 3.22% |
| Annual dividend | $4.88 | $4.28 |
| Payout ratio | 238% | 93% |
| Years of growth | 0 yr | 12 yr |
| 5-yr dividend growth | 1.7% | 11.7% |
| 5-yr total return | 13% | -8% |
| Dividend safety score | 85 (A) | 78 (B) |
| Fair value estimate | $106.36 | $77.11 |
| Upside to fair value | -40% | -42% |
| Frequency | quarterly | quarterly |
| Market cap | $66.9B | $128.7B |
| P/E ratio | 86.9 | 29.7 |
Higher yield
PLD
3.22%
Safer dividend
DLR
Grade A
Faster growth
PLD
11.7%
Better value
DLR
-40% upside
DLR vs PLD — FAQ
Is DLR or PLD a better dividend stock?
DLR and PLD are closely matched. PLD has the higher yield; DLR scores better on safety.
Which has a higher dividend yield, DLR or PLD?
PLD has the higher forward dividend yield at 3.22%, versus 2.73% for DLR.
Is DLR or PLD safer?
DLR has the higher dividend-safety score (85/100 vs 78/100), reflecting stronger payout coverage and dividend-growth history.
Is DLR or PLD better value right now?
As of Sep 29, 2026, DLR looks like the better value: its fair-value estimate is 40% below its share price (overvalued). For PLD, its fair-value estimate is 42% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.