ARR vs SPG: Which Is the Better Dividend Stock?
As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. ARR offers the higher yield at 18.19%, SPG has the higher dividend-safety score, and ARR trades at the larger discount to fair value (+82%).
| Metric | ARR | SPG |
|---|---|---|
| Forward yield | 18.19% | 4.35% |
| Annual dividend | $2.88 | $8.90 |
| Payout ratio | 65% | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | -13.4% | 10.5% |
| 5-yr total return | -71% | 58% |
| Dividend safety score | 51 (C) | 63 (C) |
| Fair value estimate | $28.68 | $146.37 |
| Upside to fair value | +82% | -29% |
| Frequency | monthly | quarterly |
| Market cap | $2.2B | $77.8B |
| P/E ratio | 3.6 | 14.5 |
Higher yield
ARR
18.19%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
ARR
+82% upside
ARR vs SPG — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.