PINE vs SPG: Which Is the Better Dividend Stock?
As of Oct 18, 2026, PINE and SPG are closely matched. PINE offers the higher yield at 6.72%, PINE has the higher dividend-safety score, and PINE looks like the better value (its fair-value estimate is 9% above its share price).
Key facts: PINE vs SPG
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Alpine Income Property Trust, Inc. (PINE) has the higher forward dividend yield at 6.72%, versus 4.33% for Simon Property Group, Inc. (SPG).
- As of Oct 18, 2026, SmarterDividends grades PINE's dividend safety B (70/100) and SPG's C (63/100).
- By SmarterDividends' count as of Oct 18, 2026, PINE has raised its dividend for 6 consecutive years and SPG for 5.
- As of Oct 18, 2026, PINE's fair-value estimate is 9% above its share price and SPG's fair-value estimate is 33% below its share price, so PINE looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PINE vs SPG: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/pine-vs-spg
| Metric | PINE | SPG |
|---|---|---|
| Forward yield | 6.72% | 4.33% |
| Annual dividend | $1.21 | $8.90 |
| Payout ratio | 557% | 62% |
| Years of growth | 6 yr | 5 yr |
| 5-yr dividend growth | 6.8% | 10.5% |
| 5-yr total return | 0% | 34% |
| Dividend safety score | 70 (B) | 63 (C) |
| Fair value estimate | $19.48 | $137.69 |
| Upside to fair value | +9% | -33% |
| Frequency | quarterly | quarterly |
| Market cap | $343.5M | $78.0B |
| P/E ratio | 85.4 | 14.5 |
Higher yield
PINE
6.72%
Safer dividend
PINE
Grade B
Faster growth
SPG
10.5%
Better value
PINE
+9% upside
PINE vs SPG — FAQ
Is PINE or SPG a better dividend stock?
PINE and SPG are closely matched. PINE has the higher yield; PINE scores better on safety.
Which has a higher dividend yield, PINE or SPG?
PINE has the higher forward dividend yield at 6.72%, versus 4.33% for SPG.
Is PINE or SPG safer?
PINE has the higher dividend-safety score (70/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is PINE or SPG better value right now?
As of Oct 18, 2026, PINE looks like the better value: its fair-value estimate is 9% above its share price (fairly valued). 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.