NSA vs SPG: Which Is the Better Dividend Stock?
As of July 2026, NSA and SPG are closely matched. NSA offers the higher yield at 5.12%, NSA has the higher dividend-safety score, and SPG trades at the larger discount to fair value (-34%).
| Metric | NSA | SPG |
|---|---|---|
| Forward yield | 5.12% | 3.85% |
| Annual dividend | $2.28 | $8.80 |
| Payout ratio | 304% | 60% |
| Years of growth | 10 yr | 5 yr |
| 5-yr dividend growth | 11.1% | 10.5% |
| 5-yr total return | -22% | 70% |
| Dividend safety score | 75 (B) | 61 (C) |
| Fair value estimate | $27.05 | $150.64 |
| Upside to fair value | -39% | -34% |
| Frequency | quarterly | quarterly |
| Market cap | $6.5B | $86.7B |
| P/E ratio | 58.9 | 15.9 |
Higher yield
NSA
5.12%
Safer dividend
NSA
Grade B
Faster growth
NSA
11.1%
Better value
SPG
-34% upside
NSA vs SPG — FAQ
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