BRX vs SPG: Which Is the Better Dividend Stock?
As of July 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. SPG offers the higher yield at 3.85%, SPG has the higher dividend-safety score, and BRX trades at the larger discount to fair value (-27%).
| Metric | BRX | SPG |
|---|---|---|
| Forward yield | 3.72% | 3.85% |
| Annual dividend | $1.21 | $8.80 |
| Payout ratio | 83% | 60% |
| Years of growth | 4 yr | 5 yr |
| 5-yr dividend growth | 0.2% | 10.5% |
| 5-yr total return | 39% | 70% |
| Dividend safety score | 59 (C) | 61 (C) |
| Fair value estimate | $23.70 | $150.64 |
| Upside to fair value | -27% | -34% |
| Frequency | quarterly | quarterly |
| Market cap | $10.0B | $86.7B |
| P/E ratio | 22.7 | 15.9 |
Higher yield
SPG
3.85%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
BRX
-27% upside
BRX vs SPG — FAQ
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