NREF vs PLD: Which Is the Better Dividend Stock?
As of July 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. NREF offers the higher yield at 11.83%, PLD has the higher dividend-safety score, and NREF trades at the larger discount to fair value (+136%).
| Metric | NREF | PLD |
|---|---|---|
| Forward yield | 11.83% | 2.86% |
| Annual dividend | $2.00 | $4.28 |
| Payout ratio | 78% | 93% |
| Years of growth | 0 yr | 12 yr |
| 5-yr dividend growth | 7.1% | 11.7% |
| 5-yr total return | -21% | 11% |
| Dividend safety score | 46 (D) | 79 (B) |
| Fair value estimate | $39.94 | $79.57 |
| Upside to fair value | +136% | -47% |
| Frequency | quarterly | quarterly |
| Market cap | $388.1M | $140.7B |
| P/E ratio | 6.6 | 32.8 |
Higher yield
NREF
11.83%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
NREF
+136% upside
NREF vs PLD — FAQ
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