NREF 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. NREF offers the higher yield at 12.99%, PLD has the higher dividend-safety score, and NREF looks like the better value (its fair-value estimate is 167% above its share price).
Key facts: NREF vs PLD
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, NexPoint Real Estate Finance, Inc. (NREF) has the higher forward dividend yield at 12.99%, versus 3.39% for Prologis, Inc. (PLD).
- As of Oct 27, 2026, SmarterDividends grades NREF's dividend safety D (46/100) and PLD's B (78/100).
- By SmarterDividends' count as of Oct 27, 2026, NREF has raised its dividend for 0 consecutive years and PLD for 12.
- As of Oct 27, 2026, NREF pays out 87% of its earnings as dividends and PLD pays out 92%.
- As of Oct 27, 2026, NREF's fair-value estimate is 167% above its share price and PLD's fair-value estimate is 40% below its share price, so NREF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NREF vs PLD: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/nref-vs-pld
| Metric | NREF | PLD |
|---|---|---|
| Forward yield | 12.99% | 3.39% |
| Annual dividend | $2.00 | $4.28 |
| Payout ratio | 87% | 92% |
| Years of growth | 0 yr | 12 yr |
| 5-yr dividend growth | 7.1% | 11.7% |
| 5-yr total return | -26% | -16% |
| Dividend safety score | 46 (D) | 78 (B) |
| Fair value estimate | $41.19 | $76.31 |
| Upside to fair value | +167% | -40% |
| Frequency | quarterly | quarterly |
| Market cap | $354.7M | $122.8B |
| P/E ratio | 6.7 | 28.1 |
Higher yield
NREF
12.99%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
NREF
+167% upside
NREF vs PLD — FAQ
Is NREF or PLD a better dividend stock?
On the data, PLD wins more head-to-head categories (5 vs 3). NREF offers the higher yield (12.99%), 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, NREF or PLD?
NREF has the higher forward dividend yield at 12.99%, versus 3.39% for PLD.
Is NREF or PLD safer?
PLD has the higher dividend-safety score (78/100 vs 46/100), reflecting stronger payout coverage and dividend-growth history.
Is NREF or PLD better value right now?
As of Oct 27, 2026, NREF looks like the better value: its fair-value estimate is 167% 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.