GNL-PB vs SPG: Which Is the Better Dividend Stock?
As of July 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. GNL-PB offers the higher yield at 7.96%, GNL-PB has the higher dividend-safety score, and GNL-PB trades at the larger discount to fair value (+79%).
| Metric | GNL-PB | SPG |
|---|---|---|
| Forward yield | 7.96% | 3.93% |
| Annual dividend | $1.72 | $8.80 |
| Payout ratio | — | 60% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 3.4% | 10.5% |
| 5-yr total return | -19% | 79% |
| Dividend safety score | 74 (B) | 61 (C) |
| Fair value estimate | $38.97 | $154.92 |
| Upside to fair value | +79% | -32% |
| Frequency | quarterly | quarterly |
| Market cap | — | $85.0B |
| P/E ratio | — | 15.6 |
Higher yield
GNL-PB
7.96%
Safer dividend
GNL-PB
Grade B
Faster growth
SPG
10.5%
Better value
GNL-PB
+79% upside
GNL-PB vs SPG — FAQ
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