AMT vs NREF: Which Is the Better Dividend Stock?
As of Oct 27, 2026, AMT and NREF are closely matched. NREF offers the higher yield at 12.99%, AMT has the higher dividend-safety score, and NREF looks like the better value (its fair-value estimate is 167% above its share price).
Key facts: AMT vs NREF
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, NexPoint Real Estate Finance, Inc. (NREF) has the higher forward dividend yield at 12.99%, versus 3.80% for American Tower Corporation (AMT).
- As of Oct 27, 2026, SmarterDividends grades AMT's dividend safety B (73/100) and NREF's D (46/100).
- By SmarterDividends' count as of Oct 27, 2026, AMT has raised its dividend for 13 consecutive years and NREF for 0.
- As of Oct 27, 2026, AMT pays out 96% of its earnings as dividends and NREF pays out 87%.
- As of Oct 27, 2026, AMT's fair-value estimate is 4% below its share price and NREF's fair-value estimate is 167% above its share price, so NREF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AMT vs NREF: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/amt-vs-nref
| Metric | AMT | NREF |
|---|---|---|
| Forward yield | 3.80% | 12.99% |
| Annual dividend | $7.16 | $2.00 |
| Payout ratio | 96% | 87% |
| Years of growth | 13 yr | 0 yr |
| 5-yr dividend growth | 8.5% | 7.1% |
| 5-yr total return | -28% | -26% |
| Dividend safety score | 73 (B) | 46 (D) |
| Fair value estimate | $180.18 | $41.19 |
| Upside to fair value | -4% | +167% |
| Frequency | quarterly | quarterly |
| Market cap | $87.7B | $354.7M |
| P/E ratio | 25.9 | 6.7 |
Higher yield
NREF
12.99%
Safer dividend
AMT
Grade B
Faster growth
AMT
8.5%
Better value
NREF
+167% upside
AMT vs NREF — FAQ
Is AMT or NREF a better dividend stock?
AMT and NREF are closely matched. NREF has the higher yield; AMT scores better on safety.
Which has a higher dividend yield, AMT or NREF?
NREF has the higher forward dividend yield at 12.99%, versus 3.80% for AMT.
Is AMT or NREF safer?
AMT has the higher dividend-safety score (73/100 vs 46/100), reflecting stronger payout coverage and dividend-growth history.
Is AMT or NREF better value right now?
As of Oct 27, 2026, NREF looks like the better value: its fair-value estimate is 167% 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.