PLD vs TRNO: Which Is the Better Dividend Stock?
As of September 2026, TRNO (Terreno Realty Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. TRNO offers the higher yield at 3.47%, TRNO has the higher dividend-safety score, and TRNO trades at the larger discount to fair value (-40%).
| Metric | PLD | TRNO |
|---|---|---|
| Forward yield | 3.17% | 3.47% |
| Annual dividend | $4.28 | $2.28 |
| Payout ratio | 93% | 56% |
| Years of growth | 12 yr | 14 yr |
| 5-yr dividend growth | 11.7% | 12.5% |
| 5-yr total return | -7% | -10% |
| Dividend safety score | 78 (B) | 88 (A) |
| Fair value estimate | $66.27 | $39.70 |
| Upside to fair value | -51% | -40% |
| Frequency | quarterly | quarterly |
| Market cap | $132.0B | $7.2B |
| P/E ratio | 30.2 | 17.8 |
Higher yield
TRNO
3.47%
Safer dividend
TRNO
Grade A
Faster growth
TRNO
12.5%
Better value
TRNO
-40% upside
PLD vs TRNO — FAQ
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