KREF vs PLD: 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. KREF offers the higher yield at 5.23%, PLD has the higher dividend-safety score, and KREF trades at the larger discount to fair value (-29%).
| Metric | KREF | PLD |
|---|---|---|
| Forward yield | 5.23% | 3.12% |
| Annual dividend | $0.40 | $4.28 |
| Payout ratio | 588% | 93% |
| Years of growth | 0 yr | 12 yr |
| 5-yr dividend growth | -10.3% | 11.7% |
| 5-yr total return | -64% | 9% |
| Dividend safety score | 44 (D) | 77 (B) |
| Fair value estimate | $5.41 | $66.27 |
| Upside to fair value | -29% | -52% |
| Frequency | quarterly | quarterly |
| Market cap | $491.9M | $133.5B |
| P/E ratio | — | 30.6 |
Higher yield
KREF
5.23%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
KREF
-29% upside
KREF vs PLD — FAQ
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