SPG vs UDR: Which Is the Better Dividend Stock?
As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. UDR offers the higher yield at 5.10%, SPG has the higher dividend-safety score, and UDR trades at the larger discount to fair value (+50%).
| Metric | SPG | UDR |
|---|---|---|
| Forward yield | 4.33% | 5.10% |
| Annual dividend | $8.90 | $1.73 |
| Payout ratio | 62% | 109% |
| Years of growth | 5 yr | 16 yr |
| 5-yr dividend growth | 10.5% | 3.8% |
| 5-yr total return | 40% | -39% |
| Dividend safety score | 63 (C) | 48 (D) |
| Fair value estimate | $128.47 | $50.96 |
| Upside to fair value | -37% | +50% |
| Frequency | quarterly | quarterly |
| Market cap | $77.8B | $12.6B |
| P/E ratio | 14.5 | 21.4 |
Higher yield
UDR
5.10%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
UDR
+50% upside
SPG vs UDR — FAQ
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