FCPT vs PLD: Which Is the Better Dividend Stock?
As of August 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. FCPT offers the higher yield at 5.81%, PLD has the higher dividend-safety score, and FCPT trades at the larger discount to fair value (-7%).
| Metric | FCPT | PLD |
|---|---|---|
| Forward yield | 5.81% | 3.02% |
| Annual dividend | $1.47 | $4.28 |
| Payout ratio | 132% | 93% |
| Years of growth | 9 yr | 12 yr |
| 5-yr dividend growth | 3.1% | 11.7% |
| 5-yr total return | -6% | 13% |
| Dividend safety score | 47 (D) | 79 (B) |
| Fair value estimate | $23.58 | $65.95 |
| Upside to fair value | -7% | -53% |
| Frequency | quarterly | quarterly |
| Market cap | $2.8B | $137.8B |
| P/E ratio | 22.9 | 31.5 |
Higher yield
FCPT
5.81%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
FCPT
-7% upside
FCPT vs PLD — FAQ
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