LXP vs SPG: Which Is the Better Dividend Stock?
As of Oct 19, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. LXP offers the higher yield at 4.59%, LXP has the higher dividend-safety score, and LXP looks like the better value (its fair-value estimate is 30% below its share price).
Key facts: LXP vs SPG
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, LXP Industrial Trust (LXP) has the higher forward dividend yield at 4.59%, versus 4.33% for Simon Property Group, Inc. (SPG).
- As of Oct 19, 2026, SmarterDividends grades LXP's dividend safety C (63/100) and SPG's C (63/100).
- By SmarterDividends' count as of Oct 19, 2026, LXP has raised its dividend for 6 consecutive years and SPG for 5.
- As of Oct 19, 2026, LXP pays out 275% of its earnings as dividends and SPG pays out 62%.
- As of Oct 19, 2026, LXP's fair-value estimate is 30% below its share price and SPG's fair-value estimate is 33% below its share price, so LXP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "LXP vs SPG: Dividend Yield, Safety & Value Compared," updated Oct 19, 2026, https://smarterdividends.com/compare/lxp-vs-spg
| Metric | LXP | SPG |
|---|---|---|
| Forward yield | 4.59% | 4.33% |
| Annual dividend | $2.80 | $8.90 |
| Payout ratio | 275% | 62% |
| Years of growth | 6 yr | 5 yr |
| 5-yr dividend growth | 5.2% | 10.5% |
| 5-yr total return | -19% | 34% |
| Dividend safety score | 63 (C) | 63 (C) |
| Fair value estimate | $42.60 | $137.69 |
| Upside to fair value | -30% | -33% |
| Frequency | quarterly | quarterly |
| Market cap | $3.6B | $78.0B |
| P/E ratio | 60.5 | 14.5 |
Higher yield
LXP
4.59%
Safer dividend
LXP
Grade C
Faster growth
SPG
10.5%
Better value
LXP
-30% upside
LXP vs SPG — FAQ
Is LXP or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (4 vs 3). LXP offers the higher yield (4.59%), while LXP has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, LXP or SPG?
LXP has the higher forward dividend yield at 4.59%, versus 4.33% for SPG.
Is LXP or SPG safer?
LXP has the higher dividend-safety score (63/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is LXP or SPG better value right now?
As of Oct 19, 2026, LXP looks like the better value: its fair-value estimate is 30% below its share price (overvalued). For SPG, its fair-value estimate is 33% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.