TRNO vs WELL: 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 | TRNO | WELL |
|---|---|---|
| Forward yield | 3.47% | 1.49% |
| Annual dividend | $2.28 | $3.40 |
| Payout ratio | 56% | 133% |
| Years of growth | 14 yr | 2 yr |
| 5-yr dividend growth | 12.5% | 0.9% |
| 5-yr total return | -10% | 185% |
| Dividend safety score | 88 (A) | 66 (B) |
| Fair value estimate | $39.70 | $93.23 |
| Upside to fair value | -40% | -59% |
| Frequency | quarterly | quarterly |
| Market cap | $7.2B | $167.7B |
| P/E ratio | 17.8 | 104.8 |
Higher yield
TRNO
3.47%
Safer dividend
TRNO
Grade A
Faster growth
TRNO
12.5%
Better value
TRNO
-40% upside
TRNO vs WELL — FAQ
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