SmarterDividends

ILPT vs SPG: Which Is the Better Dividend Stock?

As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 7 of 7 head-to-head metrics. SPG offers the higher yield at 4.34%, SPG has the higher dividend-safety score.

MetricILPTSPG
Forward yield3.20%4.34%
Annual dividend$0.25$8.90
Payout ratio92%62%
Years of growth1 yr5 yr
5-yr dividend growth-38.1%10.5%
5-yr total return-73%40%
Dividend safety score47 (D)63 (C)
Fair value estimate$128.47
Upside to fair value-37%
Frequencyquarterlyquarterly
Market cap$512.6M$78.2B
P/E ratio14.5

Higher yield

SPG

4.34%

Safer dividend

SPG

Grade C

Faster growth

SPG

10.5%

ILPT vs SPG — FAQ

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