ILPT 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 7 of 8 head-to-head metrics. ILPT offers the higher yield at 5.07%, SPG has the higher dividend-safety score, and SPG looks like the better value (its fair-value estimate is 14% below its share price).
Key facts: ILPT vs SPG
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Industrial Logistics Properties Trust (ILPT) has the higher forward dividend yield at 5.07%, versus 4.03% for Simon Property Group, Inc. (SPG).
- As of Nov 8, 2026, SmarterDividends grades ILPT's dividend safety D (37/100) and SPG's C (63/100).
- By SmarterDividends' count as of Nov 8, 2026, ILPT has raised its dividend for 1 consecutive years and SPG for 5.
- As of Nov 8, 2026, ILPT pays out 92% of its earnings as dividends and SPG pays out 64%.
- As of Nov 8, 2026, ILPT's fair-value estimate is 52% below its share price and SPG's fair-value estimate is 14% below its share price, so SPG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "ILPT vs SPG: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/ilpt-vs-spg
| Metric | ILPT | SPG |
|---|---|---|
| Forward yield | 5.07% | 4.03% |
| Annual dividend | $0.30 | $9.20 |
| Payout ratio | 92% | 64% |
| Years of growth | 1 yr | 5 yr |
| 5-yr dividend growth | -38.1% | 10.5% |
| 5-yr total return | -73% | 49% |
| Dividend safety score | 37 (D) | 63 (C) |
| Fair value estimate | $2.84 | $195.40 |
| Upside to fair value | -52% | -14% |
| Frequency | quarterly | quarterly |
| Market cap | $397.2M | $86.5B |
| P/E ratio | — | 16.5 |
Higher yield
ILPT
5.07%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
SPG
-14% upside
ILPT vs SPG — FAQ
Is ILPT or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (7 vs 1). ILPT offers the higher yield (5.07%), 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, ILPT or SPG?
ILPT has the higher forward dividend yield at 5.07%, versus 4.03% for SPG.
Is ILPT or SPG safer?
SPG has the higher dividend-safety score (63/100 vs 37/100), reflecting stronger payout coverage and dividend-growth history.
Is ILPT or SPG better value right now?
As of Nov 8, 2026, SPG looks like the better value: its fair-value estimate is 14% below its share price (fairly valued). For ILPT, its fair-value estimate is 52% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.