SBAC vs SPG: Which Is the Better Dividend Stock?
As of July 2026, SBAC and SPG are closely matched. SPG offers the higher yield at 3.85%, SBAC has the higher dividend-safety score, and SPG trades at the larger discount to fair value (-34%).
| Metric | SBAC | SPG |
|---|---|---|
| Forward yield | 2.69% | 3.85% |
| Annual dividend | $5.00 | $8.80 |
| Payout ratio | 48% | 60% |
| Years of growth | 6 yr | 5 yr |
| 5-yr dividend growth | 19.0% | 10.5% |
| 5-yr total return | -48% | 70% |
| Dividend safety score | 69 (B) | 61 (C) |
| Fair value estimate | $102.29 | $150.64 |
| Upside to fair value | -45% | -34% |
| Frequency | quarterly | quarterly |
| Market cap | $19.3B | $86.7B |
| P/E ratio | 19.2 | 15.9 |
Higher yield
SPG
3.85%
Safer dividend
SBAC
Grade B
Faster growth
SBAC
19.0%
Better value
SPG
-34% upside
SBAC vs SPG — FAQ
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