EPRT vs SPG: Which Is the Better Dividend Stock?
As of Oct 18, 2026, EPRT and SPG are closely matched. EPRT offers the higher yield at 4.91%, EPRT has the higher dividend-safety score, and EPRT looks like the better value (its fair-value estimate is 27% below its share price).
Key facts: EPRT vs SPG
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Essential Properties Realty Trust, Inc. (EPRT) has the higher forward dividend yield at 4.91%, versus 4.33% for Simon Property Group, Inc. (SPG).
- As of Oct 18, 2026, SmarterDividends grades EPRT's dividend safety B (73/100) and SPG's C (63/100).
- By SmarterDividends' count as of Oct 18, 2026, EPRT has raised its dividend for 7 consecutive years and SPG for 5.
- As of Oct 18, 2026, EPRT pays out 96% of its earnings as dividends and SPG pays out 62%.
- As of Oct 18, 2026, EPRT's fair-value estimate is 27% below its share price and SPG's fair-value estimate is 33% below its share price, so EPRT looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "EPRT vs SPG: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/eprt-vs-spg
| Metric | EPRT | SPG |
|---|---|---|
| Forward yield | 4.91% | 4.33% |
| Annual dividend | $1.28 | $8.90 |
| Payout ratio | 96% | 62% |
| Years of growth | 7 yr | 5 yr |
| 5-yr dividend growth | 5.3% | 10.5% |
| 5-yr total return | -3% | 34% |
| Dividend safety score | 73 (B) | 63 (C) |
| Fair value estimate | $19.10 | $137.69 |
| Upside to fair value | -27% | -33% |
| Frequency | quarterly | quarterly |
| Market cap | $5.7B | $78.0B |
| P/E ratio | 20.2 | 14.5 |
Higher yield
EPRT
4.91%
Safer dividend
EPRT
Grade B
Faster growth
SPG
10.5%
Better value
EPRT
-27% upside
EPRT vs SPG — FAQ
Is EPRT or SPG a better dividend stock?
EPRT and SPG are closely matched. EPRT has the higher yield; EPRT scores better on safety.
Which has a higher dividend yield, EPRT or SPG?
EPRT has the higher forward dividend yield at 4.91%, versus 4.33% for SPG.
Is EPRT or SPG safer?
EPRT has the higher dividend-safety score (73/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is EPRT or SPG better value right now?
As of Oct 18, 2026, EPRT looks like the better value: its fair-value estimate is 27% below its share price (overvalued). For SPG, its fair-value estimate is 33% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.