FR 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 8 head-to-head metrics. SPG offers the higher yield at 3.85%, FR has the higher dividend-safety score, and SPG trades at the larger discount to fair value (-34%).
| Metric | FR | SPG |
|---|---|---|
| Forward yield | 2.74% | 3.85% |
| Annual dividend | $1.89 | $8.80 |
| Payout ratio | 71% | 60% |
| Years of growth | 12 yr | 5 yr |
| 5-yr dividend growth | 12.2% | 10.5% |
| 5-yr total return | 23% | 70% |
| Dividend safety score | 75 (B) | 61 (C) |
| Fair value estimate | $26.84 | $150.64 |
| Upside to fair value | -61% | -34% |
| Frequency | quarterly | quarterly |
| Market cap | $9.3B | $86.7B |
| P/E ratio | 26.3 | 15.9 |
Higher yield
SPG
3.85%
Safer dividend
FR
Grade B
Faster growth
FR
12.2%
Better value
SPG
-34% upside
FR vs SPG — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.