SmarterDividends

AMT vs NREF: Which Is the Better Dividend Stock?

As of July 2026, AMT and NREF are closely matched. NREF offers the higher yield at 11.83%, AMT has the higher dividend-safety score, and NREF trades at the larger discount to fair value (+136%).

MetricAMTNREF
Forward yield4.10%11.83%
Annual dividend$6.98$2.00
Payout ratio82%78%
Years of growth13 yr0 yr
5-yr dividend growth8.5%7.1%
5-yr total return-42%-21%
Dividend safety score74 (B)46 (D)
Fair value estimate$164.07$39.94
Upside to fair value-4%+136%
Frequencyquarterlyquarterly
Market cap$77.8B$388.1M
P/E ratio27.46.6

Higher yield

NREF

11.83%

Safer dividend

AMT

Grade B

Faster growth

AMT

8.5%

Better value

NREF

+136% upside

AMT vs NREF — FAQ

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