PLD vs TRNO: Which Is the Better Dividend Stock?
As of July 2026, TRNO (Terreno Realty Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PLD offers the higher yield at 2.86%, TRNO has the higher dividend-safety score, and PLD trades at the larger discount to fair value (-47%).
| Metric | PLD | TRNO |
|---|---|---|
| Forward yield | 2.86% | 2.77% |
| Annual dividend | $4.28 | $2.08 |
| Payout ratio | 93% | 50% |
| Years of growth | 12 yr | 14 yr |
| 5-yr dividend growth | 11.7% | 12.5% |
| 5-yr total return | 11% | 12% |
| Dividend safety score | 79 (B) | 91 (A) |
| Fair value estimate | $79.57 | $33.04 |
| Upside to fair value | -47% | -56% |
| Frequency | quarterly | quarterly |
| Market cap | $140.7B | $7.8B |
| P/E ratio | 32.8 | 18.1 |
Higher yield
PLD
2.86%
Safer dividend
TRNO
Grade A
Faster growth
TRNO
12.5%
Better value
PLD
-47% upside
PLD vs TRNO — FAQ
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