FRT vs SPG: Which Is the Better Dividend Stock?
As of Nov 8, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. FRT offers the higher yield at 4.12%, FRT has the higher dividend-safety score, and SPG looks like the better value (its fair-value estimate is 14% below its share price).
Key facts: FRT vs SPG
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Federal Realty Investment Trust (FRT) has the higher forward dividend yield at 4.12%, versus 4.03% for Simon Property Group, Inc. (SPG).
- As of Nov 8, 2026, SmarterDividends grades FRT's dividend safety A (82/100) and SPG's C (63/100).
- By SmarterDividends' count as of Nov 8, 2026, FRT has raised its dividend for 18 consecutive years and SPG for 5.
- As of Nov 8, 2026, FRT pays out 91% of its earnings as dividends and SPG pays out 64%.
- As of Nov 8, 2026, FRT's fair-value estimate is 44% below its share price and SPG's fair-value estimate is 14% below its share price, so SPG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "FRT vs SPG: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/frt-vs-spg
| Metric | FRT | SPG |
|---|---|---|
| Forward yield | 4.12% | 4.03% |
| Annual dividend | $4.64 | $9.20 |
| Payout ratio | 91% | 64% |
| Years of growth | 18 yr | 5 yr |
| 5-yr dividend growth | 1.0% | 10.5% |
| 5-yr total return | -8% | 49% |
| Dividend safety score | 82 (A) | 63 (C) |
| Fair value estimate | $62.89 | $195.40 |
| Upside to fair value | -44% | -14% |
| Frequency | quarterly | quarterly |
| Market cap | $9.7B | $86.5B |
| P/E ratio | 22.5 | 16.5 |
Higher yield
FRT
4.12%
Safer dividend
FRT
Grade A
Faster growth
SPG
10.5%
Better value
SPG
-14% upside
FRT vs SPG — FAQ
Is FRT or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (5 vs 3). FRT offers the higher yield (4.12%), while FRT has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, FRT or SPG?
FRT has the higher forward dividend yield at 4.12%, versus 4.03% for SPG.
Is FRT or SPG safer?
FRT has the higher dividend-safety score (82/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is FRT or SPG better value right now?
As of Nov 8, 2026, SPG looks like the better value: its fair-value estimate is 14% below its share price (fairly valued). For FRT, its fair-value estimate is 44% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.