BRX 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. BRX offers the higher yield at 4.39%, SPG has the higher dividend-safety score, and BRX trades at the larger discount to fair value (-12%).
| Metric | BRX | SPG |
|---|---|---|
| Forward yield | 4.39% | 4.33% |
| Annual dividend | $1.23 | $8.90 |
| Payout ratio | 86% | 62% |
| Years of growth | 4 yr | 5 yr |
| 5-yr dividend growth | 0.2% | 10.5% |
| 5-yr total return | 20% | 40% |
| Dividend safety score | 57 (C) | 63 (C) |
| Fair value estimate | $24.75 | $128.47 |
| Upside to fair value | -12% | -37% |
| Frequency | quarterly | quarterly |
| Market cap | $8.6B | $77.9B |
| P/E ratio | 20.0 | 14.5 |
Higher yield
BRX
4.39%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
BRX
-12% upside
BRX vs SPG — FAQ
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