ADC-PA vs SPG: Which Is the Better Dividend Stock?
As of Nov 8, 2026, ADC-PA and SPG are closely matched. ADC-PA offers the higher yield at 6.74%, ADC-PA has the higher dividend-safety score, and ADC-PA looks like the better value (its fair-value estimate is 93% above its share price).
Key facts: ADC-PA vs SPG
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Agree Realty Corporation (ADC-PA) has the higher forward dividend yield at 6.74%, versus 4.03% for Simon Property Group, Inc. (SPG).
- As of Nov 8, 2026, SmarterDividends grades ADC-PA's dividend safety B (71/100) and SPG's C (63/100).
- By SmarterDividends' count as of Nov 8, 2026, ADC-PA has raised its dividend for 0 consecutive years and SPG for 5.
- As of Nov 8, 2026, ADC-PA's fair-value estimate is 93% above its share price and SPG's fair-value estimate is 14% below its share price, so ADC-PA looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "ADC-PA vs SPG: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/adc-pa-vs-spg
| Metric | ADC-PA | SPG |
|---|---|---|
| Forward yield | 6.74% | 4.03% |
| Annual dividend | $1.06 | $9.20 |
| Payout ratio | — | 64% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | — | 10.5% |
| 5-yr total return | -33% | 49% |
| Dividend safety score | 71 (B) | 63 (C) |
| Fair value estimate | $30.42 | $195.40 |
| Upside to fair value | +93% | -14% |
| Frequency | monthly | quarterly |
| Market cap | — | $86.5B |
| P/E ratio | 8.8 | 16.5 |
Higher yield
ADC-PA
6.74%
Safer dividend
ADC-PA
Grade B
Faster growth
SPG
10.5%
Better value
ADC-PA
+93% upside
ADC-PA vs SPG — FAQ
Is ADC-PA or SPG a better dividend stock?
ADC-PA and SPG are closely matched. ADC-PA has the higher yield; ADC-PA scores better on safety.
Which has a higher dividend yield, ADC-PA or SPG?
ADC-PA has the higher forward dividend yield at 6.74%, versus 4.03% for SPG.
Is ADC-PA or SPG safer?
ADC-PA has the higher dividend-safety score (71/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is ADC-PA or SPG better value right now?
As of Nov 8, 2026, ADC-PA looks like the better value: its fair-value estimate is 93% above its share price (undervalued). For SPG, its fair-value estimate is 14% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.