SmarterDividends

NHPBP vs SPG: Which Is the Better Dividend Stock?

As of Oct 18, 2026, NHPBP (National Healthcare Properties Inc) screens as the stronger dividend stock, winning 3 of 5 head-to-head metrics. NHPBP offers the higher yield at 7.00%, NHPBP has the higher dividend-safety score, and NHPBP looks like the better value (its fair-value estimate is 60% above its share price).

Key facts: NHPBP vs SPG

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, National Healthcare Properties Inc (NHPBP) has the higher forward dividend yield at 7.00%, versus 4.33% for Simon Property Group, Inc. (SPG).
  • As of Oct 18, 2026, SmarterDividends grades NHPBP's dividend safety B (71/100) and SPG's C (63/100).
  • By SmarterDividends' count as of Oct 18, 2026, NHPBP has raised its dividend for 0 consecutive years and SPG for 5.
  • As of Oct 18, 2026, NHPBP's fair-value estimate is 60% above its share price and SPG's fair-value estimate is 33% below its share price, so NHPBP looks like the better value of the two on SmarterDividends' blended model.
Cite this page

SmarterDividends, "NHPBP vs SPG: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/nhpbp-vs-spg

MetricNHPBPSPG
Forward yield7.00%4.33%
Annual dividend$1.78$8.90
Payout ratio—62%
Years of growth0 yr5 yr
5-yr dividend growth—10.5%
5-yr total return—34%
Dividend safety score71 (B)63 (C)
Fair value estimate$40.77$137.69
Upside to fair value+60%-33%
Frequencyquarterlyquarterly
Market cap—$78.0B
P/E ratio—14.5

Higher yield

NHPBP

7.00%

Safer dividend

NHPBP

Grade B

Faster growth

SPG

10.5%

Better value

NHPBP

+60% upside

NHPBP vs SPG — FAQ

Is NHPBP or SPG a better dividend stock?

On the data, NHPBP wins more head-to-head categories (3 vs 2). NHPBP offers the higher yield (7.00%), while NHPBP has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.

Which has a higher dividend yield, NHPBP or SPG?

NHPBP has the higher forward dividend yield at 7.00%, versus 4.33% for SPG.

Is NHPBP or SPG safer?

NHPBP has the higher dividend-safety score (71/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.

Is NHPBP or SPG better value right now?

As of Oct 18, 2026, NHPBP looks like the better value: its fair-value estimate is 60% above its share price (undervalued). For SPG, its fair-value estimate is 33% below its share price.

See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.