SHO vs SPG: Which Is the Better Dividend Stock?
As of Oct 18, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. SPG offers the higher yield at 4.33%, SPG has the higher dividend-safety score, and SHO looks like the better value (its fair-value estimate is 31% below its share price).
Key facts: SHO vs SPG
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Simon Property Group, Inc. (SPG) has the higher forward dividend yield at 4.33%, versus 3.04% for Sunstone Hotel Investors, Inc. (SHO).
- As of Oct 18, 2026, SmarterDividends grades SHO's dividend safety C (59/100) and SPG's C (63/100).
- By SmarterDividends' count as of Oct 18, 2026, SHO has raised its dividend for 3 consecutive years and SPG for 5.
- As of Oct 18, 2026, SHO pays out 171% of its earnings as dividends and SPG pays out 62%.
- As of Oct 18, 2026, SHO's fair-value estimate is 31% below its share price and SPG's fair-value estimate is 33% below its share price, so SHO looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SHO vs SPG: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/sho-vs-spg
| Metric | SHO | SPG |
|---|---|---|
| Forward yield | 3.04% | 4.33% |
| Annual dividend | $0.36 | $8.90 |
| Payout ratio | 171% | 62% |
| Years of growth | 3 yr | 5 yr |
| 5-yr dividend growth | 12.5% | 10.5% |
| 5-yr total return | 9% | 34% |
| Dividend safety score | 59 (C) | 63 (C) |
| Fair value estimate | $8.13 | $137.69 |
| Upside to fair value | -31% | -33% |
| Frequency | quarterly | quarterly |
| Market cap | $2.2B | $78.0B |
| P/E ratio | 56.3 | 14.5 |
Higher yield
SPG
4.33%
Safer dividend
SPG
Grade C
Faster growth
SHO
12.5%
Better value
SHO
-31% upside
SHO vs SPG — FAQ
Is SHO or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (6 vs 2). SPG offers the higher yield (4.33%), while SPG has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, SHO or SPG?
SPG has the higher forward dividend yield at 4.33%, versus 3.04% for SHO.
Is SHO or SPG safer?
SPG has the higher dividend-safety score (63/100 vs 59/100), reflecting stronger payout coverage and dividend-growth history.
Is SHO or SPG better value right now?
As of Oct 18, 2026, SHO looks like the better value: its fair-value estimate is 31% below its share price (overvalued). 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.