AMT vs IIPR: Which Is the Better Dividend Stock?
As of Oct 27, 2026, AMT and IIPR are closely matched. IIPR offers the higher yield at 14.16%, AMT has the higher dividend-safety score, and IIPR looks like the better value (its fair-value estimate is 115% above its share price).
Key facts: AMT vs IIPR
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Innovative Industrial Properties, Inc. (IIPR) has the higher forward dividend yield at 14.16%, versus 3.80% for American Tower Corporation (AMT).
- As of Oct 27, 2026, SmarterDividends grades AMT's dividend safety B (73/100) and IIPR's B (70/100).
- By SmarterDividends' count as of Oct 27, 2026, AMT has raised its dividend for 13 consecutive years and IIPR for 8.
- As of Oct 27, 2026, AMT pays out 96% of its earnings as dividends and IIPR pays out 172%.
- As of Oct 27, 2026, AMT's fair-value estimate is 4% below its share price and IIPR's fair-value estimate is 115% above its share price, so IIPR looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AMT vs IIPR: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/amt-vs-iipr
| Metric | AMT | IIPR |
|---|---|---|
| Forward yield | 3.80% | 14.16% |
| Annual dividend | $7.16 | $7.60 |
| Payout ratio | 96% | 172% |
| Years of growth | 13 yr | 8 yr |
| 5-yr dividend growth | 8.5% | 11.2% |
| 5-yr total return | -28% | -79% |
| Dividend safety score | 73 (B) | 70 (B) |
| Fair value estimate | $180.18 | $115.17 |
| Upside to fair value | -4% | +115% |
| Frequency | quarterly | quarterly |
| Market cap | $87.7B | $1.5B |
| P/E ratio | 25.9 | 12.1 |
Higher yield
IIPR
14.16%
Safer dividend
AMT
Grade B
Faster growth
IIPR
11.2%
Better value
IIPR
+115% upside
AMT vs IIPR — FAQ
Is AMT or IIPR a better dividend stock?
AMT and IIPR are closely matched. IIPR has the higher yield; AMT scores better on safety.
Which has a higher dividend yield, AMT or IIPR?
IIPR has the higher forward dividend yield at 14.16%, versus 3.80% for AMT.
Is AMT or IIPR safer?
AMT has the higher dividend-safety score (73/100 vs 70/100), reflecting stronger payout coverage and dividend-growth history.
Is AMT or IIPR better value right now?
As of Oct 27, 2026, IIPR looks like the better value: its fair-value estimate is 115% above its share price (undervalued). For AMT, its fair-value estimate is 4% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.