PLD vs TRTX: Which Is the Better Dividend Stock?
As of September 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. TRTX offers the higher yield at 12.83%, PLD has the higher dividend-safety score, and TRTX trades at the larger discount to fair value (+37%).
| Metric | PLD | TRTX |
|---|---|---|
| Forward yield | 3.18% | 12.83% |
| Annual dividend | $4.28 | $0.96 |
| Payout ratio | 93% | 175% |
| Years of growth | 12 yr | 0 yr |
| 5-yr dividend growth | 11.7% | -6.1% |
| 5-yr total return | 8% | -40% |
| Dividend safety score | 77 (B) | 47 (D) |
| Fair value estimate | $66.27 | $10.83 |
| Upside to fair value | -52% | +37% |
| Frequency | quarterly | quarterly |
| Market cap | $132.0B | $569.6M |
| P/E ratio | 30.0 | 13.5 |
Higher yield
TRTX
12.83%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
TRTX
+37% upside
PLD vs TRTX — FAQ
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