FBRT vs SPG: Which Is the Better Dividend Stock?
As of July 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. FBRT offers the higher yield at 13.60%, SPG has the higher dividend-safety score, and FBRT trades at the larger discount to fair value (+58%).
| Metric | FBRT | SPG |
|---|---|---|
| Forward yield | 13.60% | 3.85% |
| Annual dividend | $1.11 | $8.80 |
| Payout ratio | 248% | 60% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | — | 10.5% |
| 5-yr total return | -50% | 70% |
| Dividend safety score | 58 (C) | 61 (C) |
| Fair value estimate | $12.88 | $150.64 |
| Upside to fair value | +58% | -34% |
| Frequency | quarterly | quarterly |
| Market cap | $607.2M | $86.7B |
| P/E ratio | 16.1 | 15.9 |
Higher yield
FBRT
13.60%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
FBRT
+58% upside
FBRT vs SPG — FAQ
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