EQIX vs IIPR: Which Is the Better Dividend Stock?
As of Oct 27, 2026, EQIX (Equinix, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. IIPR offers the higher yield at 14.16%, EQIX has the higher dividend-safety score, and IIPR looks like the better value (its fair-value estimate is 115% above its share price).
Key facts: EQIX vs IIPR
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Innovative Industrial Properties, Inc. (IIPR) has the higher forward dividend yield at 14.16%, versus 2.13% for Equinix, Inc. (EQIX).
- As of Oct 27, 2026, SmarterDividends grades EQIX's dividend safety B (74/100) and IIPR's B (70/100).
- By SmarterDividends' count as of Oct 27, 2026, EQIX has raised its dividend for 10 consecutive years and IIPR for 8.
- As of Oct 27, 2026, EQIX pays out 127% of its earnings as dividends and IIPR pays out 172%.
- As of Oct 27, 2026, EQIX's fair-value estimate is 50% below its share price and IIPR's fair-value estimate is 115% above its share price, so IIPR looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "EQIX vs IIPR: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/eqix-vs-iipr
| Metric | EQIX | IIPR |
|---|---|---|
| Forward yield | 2.13% | 14.16% |
| Annual dividend | $20.64 | $7.60 |
| Payout ratio | 127% | 172% |
| Years of growth | 10 yr | 8 yr |
| 5-yr dividend growth | 12.0% | 11.2% |
| 5-yr total return | 18% | -79% |
| Dividend safety score | 74 (B) | 70 (B) |
| Fair value estimate | $481.88 | $115.17 |
| Upside to fair value | -50% | +115% |
| Frequency | quarterly | quarterly |
| Market cap | $95.5B | $1.5B |
| P/E ratio | 62.3 | 12.1 |
Higher yield
IIPR
14.16%
Safer dividend
EQIX
Grade B
Faster growth
EQIX
12.0%
Better value
IIPR
+115% upside
EQIX vs IIPR — FAQ
Is EQIX or IIPR a better dividend stock?
On the data, EQIX wins more head-to-head categories (6 vs 2). IIPR offers the higher yield (14.16%), while EQIX has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, EQIX or IIPR?
IIPR has the higher forward dividend yield at 14.16%, versus 2.13% for EQIX.
Is EQIX or IIPR safer?
EQIX has the higher dividend-safety score (74/100 vs 70/100), reflecting stronger payout coverage and dividend-growth history.
Is EQIX or IIPR better value right now?
As of Oct 27, 2026, IIPR looks like the better value: its fair-value estimate is 115% above its share price (undervalued). For EQIX, its fair-value estimate is 50% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.