FCPT vs PLD: Which Is the Better Dividend Stock?
As of June 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. FCPT offers the higher yield at 5.73%, PLD has the higher dividend-safety score, and FCPT trades at the larger discount to fair value (+14%).
| Metric | FCPT | PLD |
|---|---|---|
| Forward yield | 5.73% | 3.06% |
| Annual dividend | $1.47 | $4.28 |
| Payout ratio | 130% | 103% |
| Years of growth | 9 yr | 12 yr |
| 5-yr dividend growth | 3.1% | 11.7% |
| 5-yr total return | -11% | 9% |
| Dividend safety score | 74 (B) | 77 (B) |
| Fair value estimate | $29.08 | $53.76 |
| Upside to fair value | +14% | -62% |
| Frequency | quarterly | quarterly |
| Market cap | $2.8B | $131.2B |
| P/E ratio | 23.0 | 35.2 |
Higher yield
FCPT
5.73%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
FCPT
+14% upside
FCPT vs PLD — FAQ
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