GLPI vs SPG: Which Is the Better Dividend Stock?
As of Nov 5, 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 8.24%, SPG has the higher dividend-safety score, and GLPI looks like the better value (its fair-value estimate is 61% above its share price).
Key facts: GLPI vs SPG
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Gaming and Leisure Properties, Inc. (GLPI) has the higher forward dividend yield at 8.24%, versus 3.90% for Simon Property Group, Inc. (SPG).
- As of Nov 5, 2026, SmarterDividends grades GLPI's dividend safety C (54/100) and SPG's C (63/100).
- By SmarterDividends' count as of Nov 5, 2026, GLPI has raised its dividend for 1 consecutive years and SPG for 5.
- As of Nov 5, 2026, GLPI pays out 98% of its earnings as dividends and SPG pays out 62%.
- As of Nov 5, 2026, GLPI's fair-value estimate is 61% above its share price and SPG's fair-value estimate is 40% below its share price, so GLPI looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "GLPI vs SPG: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/glpi-vs-spg
| Metric | GLPI | SPG |
|---|---|---|
| Forward yield | 8.24% | 3.90% |
| Annual dividend | $3.28 | $8.90 |
| Payout ratio | 98% | 62% |
| Years of growth | 1 yr | 5 yr |
| 5-yr dividend growth | 15.0% | 10.5% |
| 5-yr total return | -14% | 42% |
| Dividend safety score | 54 (C) | 63 (C) |
| Fair value estimate | $63.06 | $136.51 |
| Upside to fair value | +61% | -40% |
| Frequency | quarterly | quarterly |
| Market cap | $11.7B | $86.6B |
| P/E ratio | 12.0 | 16.1 |
Higher yield
GLPI
8.24%
Safer dividend
SPG
Grade C
Faster growth
GLPI
15.0%
Better value
GLPI
+61% upside
GLPI vs SPG — FAQ
Is GLPI or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (5 vs 3). GLPI offers the higher yield (8.24%), while SPG has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, GLPI or SPG?
GLPI has the higher forward dividend yield at 8.24%, versus 3.90% for SPG.
Is GLPI or SPG safer?
SPG has the higher dividend-safety score (63/100 vs 54/100), reflecting stronger payout coverage and dividend-growth history.
Is GLPI or SPG better value right now?
As of Nov 5, 2026, GLPI looks like the better value: its fair-value estimate is 61% above its share price (undervalued). For SPG, its fair-value estimate is 40% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.