SmarterDividends

NSA-PB vs SPG: Which Is the Better Dividend Stock?

As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 3 of 5 head-to-head metrics. NSA-PB offers the higher yield at 5.84%, SPG has the higher dividend-safety score, and NSA-PB trades at the larger discount to fair value (-10%).

MetricNSA-PBSPG
Forward yield5.84%4.35%
Annual dividend$1.50$8.90
Payout ratio62%
Years of growth0 yr5 yr
5-yr dividend growth10.5%
5-yr total return58%
Dividend safety score62 (C)63 (C)
Fair value estimate$23.07$146.37
Upside to fair value-10%-29%
Frequencyquarterlyquarterly
Market cap$77.8B
P/E ratio14.5

Higher yield

NSA-PB

5.84%

Safer dividend

SPG

Grade C

Faster growth

SPG

10.5%

Better value

NSA-PB

-10% upside

NSA-PB vs SPG — FAQ

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