REXR vs SPG: Which Is the Better Dividend Stock?
As of September 2026, REXR and SPG are closely matched. REXR offers the higher yield at 4.53%, REXR has the higher dividend-safety score, and SPG trades at the larger discount to fair value (-37%).
| Metric | REXR | SPG |
|---|---|---|
| Forward yield | 4.53% | 4.33% |
| Annual dividend | $1.74 | $8.90 |
| Payout ratio | 184% | 62% |
| Years of growth | 11 yr | 5 yr |
| 5-yr dividend growth | 14.9% | 10.5% |
| 5-yr total return | -43% | 40% |
| Dividend safety score | 75 (B) | 63 (C) |
| Fair value estimate | $18.82 | $128.47 |
| Upside to fair value | -51% | -37% |
| Frequency | quarterly | quarterly |
| Market cap | $8.9B | $77.8B |
| P/E ratio | — | 14.5 |
Higher yield
REXR
4.53%
Safer dividend
REXR
Grade B
Faster growth
REXR
14.9%
Better value
SPG
-37% upside
REXR vs SPG — FAQ
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