IRT vs SPG: Which Is the Better Dividend Stock?
As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. IRT offers the higher yield at 4.29%, SPG has the higher dividend-safety score, and IRT trades at the larger discount to fair value (-12%).
| Metric | IRT | SPG |
|---|---|---|
| Forward yield | 4.29% | 4.25% |
| Annual dividend | $0.69 | $8.90 |
| Payout ratio | 383% | 62% |
| Years of growth | 4 yr | 5 yr |
| 5-yr dividend growth | 4.4% | 10.5% |
| 5-yr total return | -21% | 61% |
| Dividend safety score | 53 (C) | 61 (C) |
| Fair value estimate | $14.22 | $146.37 |
| Upside to fair value | -12% | -30% |
| Frequency | quarterly | quarterly |
| Market cap | $3.9B | $79.5B |
| P/E ratio | 89.4 | 14.8 |
Higher yield
IRT
4.29%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
IRT
-12% upside
IRT vs SPG — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.