SPG vs UDR: Which Is the Better Dividend Stock?
As of Nov 9, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. UDR offers the higher yield at 4.76%, UDR has the higher dividend-safety score, and SPG looks like the better value (its fair-value estimate is 14% below its share price).
Key facts: SPG vs UDR
Data as of · Source: SmarterDividends data
- As of Nov 9, 2026, UDR, Inc. (UDR) has the higher forward dividend yield at 4.76%, versus 4.03% for Simon Property Group, Inc. (SPG).
- As of Nov 9, 2026, SmarterDividends grades SPG's dividend safety C (63/100) and UDR's B (78/100).
- By SmarterDividends' count as of Nov 9, 2026, SPG has raised its dividend for 5 consecutive years and UDR for 16.
- As of Nov 9, 2026, SPG pays out 64% of its earnings as dividends and UDR pays out 82%.
- As of Nov 9, 2026, SPG's fair-value estimate is 14% below its share price and UDR's fair-value estimate is 23% below its share price, so SPG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SPG vs UDR: Dividend Yield, Safety & Value Compared," updated Nov 9, 2026, https://smarterdividends.com/compare/spg-vs-udr
| Metric | SPG | UDR |
|---|---|---|
| Forward yield | 4.03% | 4.76% |
| Annual dividend | $9.20 | $1.74 |
| Payout ratio | 64% | 82% |
| Years of growth | 5 yr | 16 yr |
| 5-yr dividend growth | 10.5% | 3.8% |
| 5-yr total return | 49% | -36% |
| Dividend safety score | 63 (C) | 78 (B) |
| Fair value estimate | $195.40 | $28.08 |
| Upside to fair value | -14% | -23% |
| Frequency | quarterly | monthly |
| Market cap | $86.5B | $13.3B |
| P/E ratio | 16.5 | 17.3 |
Higher yield
UDR
4.76%
Safer dividend
UDR
Grade B
Faster growth
SPG
10.5%
Better value
SPG
-14% upside
SPG vs UDR — FAQ
Is SPG or UDR a better dividend stock?
On the data, SPG wins more head-to-head categories (5 vs 3). UDR offers the higher yield (4.76%), while UDR 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 UDR?
UDR has the higher forward dividend yield at 4.76%, versus 4.03% for SPG.
Is SPG or UDR safer?
UDR has the higher dividend-safety score (78/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is SPG or UDR better value right now?
As of Nov 9, 2026, SPG looks like the better value: its fair-value estimate is 14% below its share price (fairly valued). For UDR, its fair-value estimate is 23% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.