NHPAP vs SPG: Which Is the Better Dividend Stock?
As of Oct 18, 2026, NHPAP and SPG are closely matched. NHPAP offers the higher yield at 7.30%, NHPAP has the higher dividend-safety score, and NHPAP looks like the better value (its fair-value estimate is 67% above its share price).
Key facts: NHPAP vs SPG
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, National Healthcare Properties Inc (NHPAP) has the higher forward dividend yield at 7.30%, versus 4.33% for Simon Property Group, Inc. (SPG).
- As of Oct 18, 2026, SmarterDividends grades NHPAP's dividend safety B (75/100) and SPG's C (63/100).
- By SmarterDividends' count as of Oct 18, 2026, NHPAP has raised its dividend for 0 consecutive years and SPG for 5.
- As of Oct 18, 2026, NHPAP's fair-value estimate is 67% above its share price and SPG's fair-value estimate is 33% below its share price, so NHPAP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NHPAP vs SPG: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/nhpap-vs-spg
| Metric | NHPAP | SPG |
|---|---|---|
| Forward yield | 7.30% | 4.33% |
| Annual dividend | $1.84 | $8.90 |
| Payout ratio | — | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 8.8% | 10.5% |
| 5-yr total return | — | 34% |
| Dividend safety score | 75 (B) | 63 (C) |
| Fair value estimate | $42.14 | $137.69 |
| Upside to fair value | +67% | -33% |
| Frequency | quarterly | quarterly |
| Market cap | — | $78.0B |
| P/E ratio | — | 14.5 |
Higher yield
NHPAP
7.30%
Safer dividend
NHPAP
Grade B
Faster growth
SPG
10.5%
Better value
NHPAP
+67% upside
NHPAP vs SPG — FAQ
Is NHPAP or SPG a better dividend stock?
NHPAP and SPG are closely matched. NHPAP has the higher yield; NHPAP scores better on safety.
Which has a higher dividend yield, NHPAP or SPG?
NHPAP has the higher forward dividend yield at 7.30%, versus 4.33% for SPG.
Is NHPAP or SPG safer?
NHPAP has the higher dividend-safety score (75/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is NHPAP or SPG better value right now?
As of Oct 18, 2026, NHPAP looks like the better value: its fair-value estimate is 67% above its share price (undervalued). 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.