SmarterDividends

ILPT 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 7 head-to-head metrics. SPG offers the higher yield at 3.85%, SPG has the higher dividend-safety score.

MetricILPTSPG
Forward yield2.82%3.85%
Annual dividend$0.25$8.80
Payout ratio92%60%
Years of growth1 yr5 yr
5-yr dividend growth-38.1%10.5%
5-yr total return-68%70%
Dividend safety score51 (C)61 (C)
Fair value estimate$150.64
Upside to fair value-34%
Frequencyquarterlyquarterly
Market cap$572.0M$86.7B
P/E ratio15.9

Higher yield

SPG

3.85%

Safer dividend

SPG

Grade C

Faster growth

SPG

10.5%

ILPT vs SPG — FAQ

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