SPG vs TRTX-PC: Which Is the Better Dividend Stock?
As of June 2026, SPG and TRTX-PC are closely matched. TRTX-PC offers the higher yield at 10.43%, TRTX-PC has the higher dividend-safety score, and TRTX-PC trades at the larger discount to fair value (+10%).
| Metric | SPG | TRTX-PC |
|---|---|---|
| Forward yield | 4.09% | 10.43% |
| Annual dividend | $8.80 | $0.96 |
| Payout ratio | 60% | — |
| Years of growth | 5 yr | 0 yr |
| 5-yr dividend growth | 10.5% | — |
| 5-yr total return | 68% | -26% |
| Dividend safety score | 61 (C) | 65 (C) |
| Fair value estimate | $155.61 | $20.56 |
| Upside to fair value | -29% | +10% |
| Frequency | quarterly | quarterly |
| Market cap | $80.3B | — |
| P/E ratio | 14.7 | 22.8 |
Higher yield
TRTX-PC
10.43%
Safer dividend
TRTX-PC
Grade C
Faster growth
SPG
10.5%
Better value
TRTX-PC
+10% upside
SPG vs TRTX-PC — FAQ
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