GLPI 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 8 head-to-head metrics. GLPI offers the higher yield at 7.74%, SPG has the higher dividend-safety score, and GLPI trades at the larger discount to fair value (+61%).
| Metric | GLPI | SPG |
|---|---|---|
| Forward yield | 7.74% | 4.25% |
| Annual dividend | $3.28 | $8.90 |
| Payout ratio | 92% | 62% |
| Years of growth | 1 yr | 5 yr |
| 5-yr dividend growth | 15.0% | 10.5% |
| 5-yr total return | -9% | 61% |
| Dividend safety score | 53 (C) | 61 (C) |
| Fair value estimate | $67.65 | $146.37 |
| Upside to fair value | +61% | -30% |
| Frequency | quarterly | quarterly |
| Market cap | $12.6B | $79.5B |
| P/E ratio | 12.3 | 14.8 |
Higher yield
GLPI
7.74%
Safer dividend
SPG
Grade C
Faster growth
GLPI
15.0%
Better value
GLPI
+61% upside
GLPI vs SPG — FAQ
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