REXR vs SPG: Which Is the Better Dividend Stock?
As of July 2026, REXR and SPG are closely matched. REXR offers the higher yield at 4.62%, REXR has the higher dividend-safety score, and SPG trades at the larger discount to fair value (-34%).
| Metric | REXR | SPG |
|---|---|---|
| Forward yield | 4.62% | 3.85% |
| Annual dividend | $1.73 | $8.80 |
| Payout ratio | 184% | 60% |
| Years of growth | 11 yr | 5 yr |
| 5-yr dividend growth | 14.9% | 10.5% |
| 5-yr total return | -40% | 70% |
| Dividend safety score | 72 (B) | 61 (C) |
| Fair value estimate | $18.45 | $150.64 |
| Upside to fair value | -51% | -34% |
| Frequency | quarterly | quarterly |
| Market cap | $8.5B | $86.7B |
| P/E ratio | 39.3 | 15.9 |
Higher yield
REXR
4.62%
Safer dividend
REXR
Grade B
Faster growth
REXR
14.9%
Better value
SPG
-34% upside
REXR vs SPG — FAQ
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