FBRT 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 7 head-to-head metrics. FBRT offers the higher yield at 14.45%, SPG has the higher dividend-safety score, and FBRT trades at the larger discount to fair value (+64%).
| Metric | FBRT | SPG |
|---|---|---|
| Forward yield | 14.45% | 4.35% |
| Annual dividend | $1.11 | $8.90 |
| Payout ratio | 258% | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | — | 10.5% |
| 5-yr total return | -53% | 58% |
| Dividend safety score | 58 (C) | 63 (C) |
| Fair value estimate | $12.72 | $146.37 |
| Upside to fair value | +64% | -29% |
| Frequency | quarterly | quarterly |
| Market cap | $646.1M | $77.8B |
| P/E ratio | 17.7 | 14.5 |
Higher yield
FBRT
14.45%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
FBRT
+64% upside
FBRT vs SPG — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.