INVH vs SPG: Which Is the Better Dividend Stock?
As of September 2026, INVH (Invitation Homes Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. INVH offers the higher yield at 4.43%, INVH has the higher dividend-safety score, and INVH trades at the larger discount to fair value (+9%).
| Metric | INVH | SPG |
|---|---|---|
| Forward yield | 4.43% | 4.34% |
| Annual dividend | $1.20 | $8.90 |
| Payout ratio | 109% | 62% |
| Years of growth | 8 yr | 5 yr |
| 5-yr dividend growth | 14.3% | 10.5% |
| 5-yr total return | -35% | 40% |
| Dividend safety score | 70 (B) | 63 (C) |
| Fair value estimate | $29.39 | $128.47 |
| Upside to fair value | +9% | -37% |
| Frequency | quarterly | quarterly |
| Market cap | $16.0B | $78.2B |
| P/E ratio | 24.9 | 14.5 |
Higher yield
INVH
4.43%
Safer dividend
INVH
Grade B
Faster growth
INVH
14.3%
Better value
INVH
+9% upside
INVH vs SPG — FAQ
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