GLPI 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. GLPI offers the higher yield at 7.28%, SPG has the higher dividend-safety score, and GLPI trades at the larger discount to fair value (+46%).
| Metric | GLPI | SPG |
|---|---|---|
| Forward yield | 7.28% | 3.85% |
| Annual dividend | $3.28 | $8.80 |
| Payout ratio | 98% | 60% |
| Years of growth | 1 yr | 5 yr |
| 5-yr dividend growth | 15.0% | 10.5% |
| 5-yr total return | -9% | 70% |
| Dividend safety score | 53 (C) | 61 (C) |
| Fair value estimate | $65.66 | $150.64 |
| Upside to fair value | +46% | -34% |
| Frequency | quarterly | quarterly |
| Market cap | $13.0B | $86.7B |
| P/E ratio | 14.2 | 15.9 |
Higher yield
GLPI
7.28%
Safer dividend
SPG
Grade C
Faster growth
GLPI
15.0%
Better value
GLPI
+46% upside
GLPI vs SPG — FAQ
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