GNL-PB vs SPG: Which Is the Better Dividend Stock?
As of Oct 1, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. GNL-PB offers the higher yield at 8.07%, GNL-PB has the higher dividend-safety score, and GNL-PB looks like the better value (its fair-value estimate is 79% above its share price).
Key facts: GNL-PB vs SPG
Data as of · Source: SmarterDividends data
- As of Oct 1, 2026, Global Net Lease, Inc. (GNL-PB) has the higher forward dividend yield at 8.07%, versus 4.36% for Simon Property Group, Inc. (SPG).
- As of Oct 1, 2026, SmarterDividends grades GNL-PB's dividend safety B (76/100) and SPG's C (63/100).
- By SmarterDividends' count as of Oct 1, 2026, GNL-PB has raised its dividend for 0 consecutive years and SPG for 5.
- As of Oct 1, 2026, GNL-PB's fair-value estimate is 79% above its share price and SPG's fair-value estimate is 29% below its share price, so GNL-PB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "GNL-PB vs SPG: Dividend Yield, Safety & Value Compared," updated Oct 1, 2026, https://smarterdividends.com/compare/gnl-pb-vs-spg
| Metric | GNL-PB | SPG |
|---|---|---|
| Forward yield | 8.07% | 4.36% |
| Annual dividend | $1.72 | $8.90 |
| Payout ratio | — | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 3.4% | 10.5% |
| 5-yr total return | -24% | 40% |
| Dividend safety score | 76 (B) | 63 (C) |
| Fair value estimate | $39.09 | $141.63 |
| Upside to fair value | +79% | -29% |
| Frequency | quarterly | quarterly |
| Market cap | — | $76.2B |
| P/E ratio | — | 14.2 |
Higher yield
GNL-PB
8.07%
Safer dividend
GNL-PB
Grade B
Faster growth
SPG
10.5%
Better value
GNL-PB
+79% upside
GNL-PB vs SPG — FAQ
Is GNL-PB or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (4 vs 3). GNL-PB offers the higher yield (8.07%), while GNL-PB has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, GNL-PB or SPG?
GNL-PB has the higher forward dividend yield at 8.07%, versus 4.36% for SPG.
Is GNL-PB or SPG safer?
GNL-PB has the higher dividend-safety score (76/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is GNL-PB or SPG better value right now?
As of Oct 1, 2026, GNL-PB looks like the better value: its fair-value estimate is 79% above its share price (undervalued). For SPG, its fair-value estimate is 29% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.