SPG vs TRTX: Which Is the Better Dividend Stock?
As of Oct 27, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. TRTX offers the higher yield at 15.36%, SPG has the higher dividend-safety score, and TRTX looks like the better value (its fair-value estimate is 57% above its share price).
Key facts: SPG vs TRTX
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, TPG RE Finance Trust, Inc. (TRTX) has the higher forward dividend yield at 15.36%, versus 4.18% for Simon Property Group, Inc. (SPG).
- As of Oct 27, 2026, SmarterDividends grades SPG's dividend safety C (63/100) and TRTX's D (46/100).
- By SmarterDividends' count as of Oct 27, 2026, SPG has raised its dividend for 5 consecutive years and TRTX for 0.
- As of Oct 27, 2026, SPG pays out 62% of its earnings as dividends and TRTX pays out 175%.
- As of Oct 27, 2026, SPG's fair-value estimate is 36% below its share price and TRTX's fair-value estimate is 57% above its share price, so TRTX looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SPG vs TRTX: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/spg-vs-trtx
| Metric | SPG | TRTX |
|---|---|---|
| Forward yield | 4.18% | 15.36% |
| Annual dividend | $8.90 | $0.96 |
| Payout ratio | 62% | 175% |
| Years of growth | 5 yr | 0 yr |
| 5-yr dividend growth | 10.5% | -6.1% |
| 5-yr total return | 38% | -49% |
| Dividend safety score | 63 (C) | 46 (D) |
| Fair value estimate | $136.51 | $9.78 |
| Upside to fair value | -36% | +57% |
| Frequency | quarterly | quarterly |
| Market cap | $80.7B | $483.2M |
| P/E ratio | 15.0 | 11.4 |
Higher yield
TRTX
15.36%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
TRTX
+57% upside
SPG vs TRTX — FAQ
Is SPG or TRTX a better dividend stock?
On the data, SPG wins more head-to-head categories (6 vs 2). TRTX offers the higher yield (15.36%), 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, SPG or TRTX?
TRTX has the higher forward dividend yield at 15.36%, versus 4.18% for SPG.
Is SPG or TRTX safer?
SPG has the higher dividend-safety score (63/100 vs 46/100), reflecting stronger payout coverage and dividend-growth history.
Is SPG or TRTX better value right now?
As of Oct 27, 2026, TRTX looks like the better value: its fair-value estimate is 57% above its share price (undervalued). For SPG, its fair-value estimate is 36% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.