IRT vs SPG: Which Is the Better Dividend Stock?
As of August 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. IRT offers the higher yield at 4.16%, SPG has the higher dividend-safety score, and IRT trades at the larger discount to fair value (-18%).
| Metric | IRT | SPG |
|---|---|---|
| Forward yield | 4.16% | 4.08% |
| Annual dividend | $0.69 | $8.90 |
| Payout ratio | 383% | 62% |
| Years of growth | 4 yr | 5 yr |
| 5-yr dividend growth | 4.4% | 10.5% |
| 5-yr total return | -18% | 68% |
| Dividend safety score | 53 (C) | 61 (C) |
| Fair value estimate | $13.62 | $151.83 |
| Upside to fair value | -18% | -30% |
| Frequency | quarterly | quarterly |
| Market cap | $4.0B | $82.9B |
| P/E ratio | 92.2 | 15.4 |
Higher yield
IRT
4.16%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
IRT
-18% upside
IRT vs SPG — FAQ
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