IIPR vs PLD: Which Is the Better Dividend Stock?
As of Oct 27, 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. IIPR offers the higher yield at 14.16%, PLD has the higher dividend-safety score, and IIPR looks like the better value (its fair-value estimate is 115% above its share price).
Key facts: IIPR vs PLD
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Innovative Industrial Properties, Inc. (IIPR) has the higher forward dividend yield at 14.16%, versus 3.39% for Prologis, Inc. (PLD).
- As of Oct 27, 2026, SmarterDividends grades IIPR's dividend safety B (70/100) and PLD's B (78/100).
- By SmarterDividends' count as of Oct 27, 2026, IIPR has raised its dividend for 8 consecutive years and PLD for 12.
- As of Oct 27, 2026, IIPR pays out 172% of its earnings as dividends and PLD pays out 92%.
- As of Oct 27, 2026, IIPR's fair-value estimate is 115% above its share price and PLD's fair-value estimate is 40% below its share price, so IIPR looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "IIPR vs PLD: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/iipr-vs-pld
| Metric | IIPR | PLD |
|---|---|---|
| Forward yield | 14.16% | 3.39% |
| Annual dividend | $7.60 | $4.28 |
| Payout ratio | 172% | 92% |
| Years of growth | 8 yr | 12 yr |
| 5-yr dividend growth | 11.2% | 11.7% |
| 5-yr total return | -79% | -16% |
| Dividend safety score | 70 (B) | 78 (B) |
| Fair value estimate | $115.17 | $76.31 |
| Upside to fair value | +115% | -40% |
| Frequency | quarterly | quarterly |
| Market cap | $1.5B | $122.8B |
| P/E ratio | 12.1 | 28.1 |
Higher yield
IIPR
14.16%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
IIPR
+115% upside
IIPR vs PLD — FAQ
Is IIPR or PLD a better dividend stock?
On the data, PLD wins more head-to-head categories (5 vs 3). IIPR offers the higher yield (14.16%), 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, IIPR or PLD?
IIPR has the higher forward dividend yield at 14.16%, versus 3.39% for PLD.
Is IIPR or PLD safer?
PLD has the higher dividend-safety score (78/100 vs 70/100), reflecting stronger payout coverage and dividend-growth history.
Is IIPR or PLD better value right now?
As of Oct 27, 2026, IIPR looks like the better value: its fair-value estimate is 115% above its share price (undervalued). For PLD, its fair-value estimate is 40% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.