EXR vs SPG: Which Is the Better Dividend Stock?
As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. EXR offers the higher yield at 4.71%, SPG has the higher dividend-safety score, and EXR trades at the larger discount to fair value (-28%).
| Metric | EXR | SPG |
|---|---|---|
| Forward yield | 4.71% | 4.34% |
| Annual dividend | $6.48 | $8.90 |
| Payout ratio | 143% | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 12.5% | 10.5% |
| 5-yr total return | -31% | 40% |
| Dividend safety score | 51 (C) | 63 (C) |
| Fair value estimate | $98.60 | $128.47 |
| Upside to fair value | -28% | -37% |
| Frequency | quarterly | quarterly |
| Market cap | $29.8B | $78.2B |
| P/E ratio | 29.7 | 14.5 |
Higher yield
EXR
4.71%
Safer dividend
SPG
Grade C
Faster growth
EXR
12.5%
Better value
EXR
-28% upside
EXR vs SPG — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.