GNL-PE 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 3 of 5 head-to-head metrics. GNL-PE offers the higher yield at 8.56%, SPG has the higher dividend-safety score, and GNL-PE looks like the better value (its fair-value estimate is 64% above its share price).
Key facts: GNL-PE vs SPG
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Global Net Lease, Inc. (GNL-PE) has the higher forward dividend yield at 8.56%, versus 4.03% for Simon Property Group, Inc. (SPG).
- As of Nov 8, 2026, SmarterDividends grades GNL-PE's dividend safety C (62/100) and SPG's C (63/100).
- By SmarterDividends' count as of Nov 8, 2026, GNL-PE has raised its dividend for 0 consecutive years and SPG for 5.
- As of Nov 8, 2026, GNL-PE's fair-value estimate is 64% above its share price and SPG's fair-value estimate is 14% below its share price, so GNL-PE looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "GNL-PE vs SPG: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/gnl-pe-vs-spg
| Metric | GNL-PE | SPG |
|---|---|---|
| Forward yield | 8.56% | 4.03% |
| Annual dividend | $1.84 | $9.20 |
| Payout ratio | — | 64% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | — | 10.5% |
| 5-yr total return | — | 49% |
| Dividend safety score | 62 (C) | 63 (C) |
| Fair value estimate | $35.40 | $195.40 |
| Upside to fair value | +64% | -14% |
| Frequency | quarterly | quarterly |
| Market cap | — | $86.5B |
| P/E ratio | — | 16.5 |
Higher yield
GNL-PE
8.56%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
GNL-PE
+64% upside
GNL-PE vs SPG — FAQ
Is GNL-PE or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (3 vs 2). GNL-PE offers the higher yield (8.56%), 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, GNL-PE or SPG?
GNL-PE has the higher forward dividend yield at 8.56%, versus 4.03% for SPG.
Is GNL-PE or SPG safer?
SPG has the higher dividend-safety score (63/100 vs 62/100), reflecting stronger payout coverage and dividend-growth history.
Is GNL-PE or SPG better value right now?
As of Nov 8, 2026, GNL-PE looks like the better value: its fair-value estimate is 64% above its share price (undervalued). For SPG, its fair-value estimate is 14% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.