AMT vs NREF: Which Is the Better Dividend Stock?
As of September 2026, AMT and NREF are closely matched. NREF offers the higher yield at 11.55%, AMT has the higher dividend-safety score, and NREF trades at the larger discount to fair value (+133%).
| Metric | AMT | NREF |
|---|---|---|
| Forward yield | 4.04% | 11.55% |
| Annual dividend | $6.98 | $2.00 |
| Payout ratio | 96% | 85% |
| Years of growth | 13 yr | 0 yr |
| 5-yr dividend growth | 8.5% | 7.1% |
| 5-yr total return | -33% | -11% |
| Dividend safety score | 72 (B) | 44 (D) |
| Fair value estimate | $159.72 | $40.33 |
| Upside to fair value | -10% | +133% |
| Frequency | quarterly | quarterly |
| Market cap | $82.9B | $398.3M |
| P/E ratio | 23.8 | 7.4 |
Higher yield
NREF
11.55%
Safer dividend
AMT
Grade B
Faster growth
AMT
8.5%
Better value
NREF
+133% upside
AMT vs NREF — FAQ
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