FCPT vs PLD: Which Is the Better Dividend Stock?
As of Oct 18, 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. FCPT offers the higher yield at 6.90%, PLD has the higher dividend-safety score, and FCPT looks like the better value (its fair-value estimate is 6% above its share price).
Key facts: FCPT vs PLD
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Four Corners Property Trust, Inc. (FCPT) has the higher forward dividend yield at 6.90%, versus 3.40% for Prologis, Inc. (PLD).
- As of Oct 18, 2026, SmarterDividends grades FCPT's dividend safety D (45/100) and PLD's B (78/100).
- By SmarterDividends' count as of Oct 18, 2026, FCPT has raised its dividend for 9 consecutive years and PLD for 12.
- As of Oct 18, 2026, FCPT pays out 132% of its earnings as dividends and PLD pays out 92%.
- As of Oct 18, 2026, FCPT's fair-value estimate is 6% above its share price and PLD's fair-value estimate is 38% below its share price, so FCPT looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "FCPT vs PLD: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/fcpt-vs-pld
| Metric | FCPT | PLD |
|---|---|---|
| Forward yield | 6.90% | 3.40% |
| Annual dividend | $1.52 | $4.28 |
| Payout ratio | 132% | 92% |
| Years of growth | 9 yr | 12 yr |
| 5-yr dividend growth | 3.1% | 11.7% |
| 5-yr total return | -19% | -17% |
| Dividend safety score | 45 (D) | 78 (B) |
| Fair value estimate | $23.30 | $77.96 |
| Upside to fair value | +6% | -38% |
| Frequency | monthly | quarterly |
| Market cap | $2.4B | $122.2B |
| P/E ratio | 20.0 | 27.7 |
Higher yield
FCPT
6.90%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
FCPT
+6% upside
FCPT vs PLD — FAQ
Is FCPT or PLD a better dividend stock?
On the data, PLD wins more head-to-head categories (6 vs 2). FCPT offers the higher yield (6.90%), while PLD has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, FCPT or PLD?
FCPT has the higher forward dividend yield at 6.90%, versus 3.40% for PLD.
Is FCPT or PLD safer?
PLD has the higher dividend-safety score (78/100 vs 45/100), reflecting stronger payout coverage and dividend-growth history.
Is FCPT or PLD better value right now?
As of Oct 18, 2026, FCPT looks like the better value: its fair-value estimate is 6% above its share price (fairly valued). For PLD, its fair-value estimate is 38% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.