Computed head-to-head · 6 dimensions
GLPI vs SPG
Gaming and Leisure Properties, Inc. versus Simon Property Group Inc. — yield, safety, growth trend, cost, scale, and tax treatment.
SPG wins 3–2 on our six-dimension comparison, but GLPI can still be the better fit depending on your priorities — see each dimension below.
GLPI or SPG — which is better?
SPG wins this comparison 3–2 across 6 dimensions. SPG yields 4.18% — lower than GLPI's 6.60% — and carries a 7.3/10 dividend safety score (Solid) vs 4.9/10 for GLPI (Weak). SPG wins 3–2 on our six-dimension comparison, but GLPI can still be the better fit depending on your priorities — see each dimension below.
On yield alone, GLPI generates 6.60% vs 4.18% — a 2.42% difference that translates to $2,420 more per year on a $100,000 investment. On dividend safety, SPG scores 7.3/10 (Solid) vs 4.9/10 (Weak) for GLPI — investors prioritizing income reliability should weight that gap alongside the yield difference.
Scorecard at a glance
| Dimension | GLPI | SPG | Winner |
|---|---|---|---|
| Yield | 6.60% | 4.18% | GLPI wins |
| Dividend safety | 4.9/10 | 7.3/10 | SPG wins |
| Growth trend | +0.59% vs 5y | -0.81% vs 5y | SPG wins |
| Volatility (beta) | 0.71 | 1.33 | GLPI wins |
| Scale | $13.4B | $80.6B | SPG wins |
| Tax efficiency | Ordinary income | Ordinary income | Tie |
| Overall | 2 wins | 3 wins | SPG wins |
Dimension by dimension
GLPI wins on yield (6.60% vs 4.18%)
On a $10,000 investment that's about $242 more in annual dividend income before taxes — though higher yield often comes with higher risk.
GLPI's higher yield (6.60%) looks attractive but investors should weigh whether the extra income compensates for any additional risk versus SPG's 4.18% — especially if the higher yield is driven by covered calls or a falling share price.
SPG wins on safety (7.3/10 vs 4.9/10)
Our score combines yield zone, payout ratio, trend vs 5-year average, instrument type, and size. SPG scores better on the weighted average of those factors.
SPG (7.3/10) scores 2.4 points higher than GLPI (4.9/10). A higher safety score means lower historical indicators of dividend cut risk — payout ratio, yield zone, and trend all factor in.
SPG shows healthier dividend-vs-price trend
SPG's yield is 0.81% below its 5y average, versus 0.59% for GLPI. Lower (or below-average) yield trend often means price appreciation outpaced distributions — a healthier signal.
GLPI is less volatile (beta 0.71 vs 1.33)
Lower beta means smaller swings vs the S&P 500 — generally a steadier hold for income investors.
SPG is 6.0× larger by market cap
Larger companies tend to have tighter spreads, deeper liquidity, and lower closure risk.
Both have similar tax-treatment concerns
Both pay primarily ordinary-income distributions (covered call ETF, REIT, or mREIT). Hold in a tax-advantaged account for the cleanest treatment.
Full breakdown per ticker: are GLPI dividends qualified and are SPG dividends qualified — each with the after-tax income at every federal bracket.
How we compare these
Every comparison on this page is computed from current public data, not written by hand. Yield comes from the most recent dividend distribution annualized over current price. Safety scores combine yield zone, payout ratio, trend vs 5-year average, instrument type, and size — see our methodology for the exact formula. Tax-efficiency flags identify covered-call ETFs, REITs, and mREITs which distribute primarily as ordinary income.
This is educational, not investment advice. Scores reflect a snapshot of public data on the "as of" dates shown on each ticker's safety page. Verify on the issuer's investor relations page or your brokerage before making decisions.
Frequently asked
GLPI or SPG — which is better?
SPG is better on our scoring, winning 3–2 across six dimensions: yield, dividend safety, growth, cost, scale, and tax treatment. SPG wins 3–2 on our six-dimension comparison, but GLPI can still be the better fit depending on your priorities — see each dimension below.
Which is better for income, GLPI or SPG?
SPG wins 3–2 on our six-dimension comparison, but GLPI can still be the better fit depending on your priorities — see each dimension below.
GLPI vs SPG: which has a higher dividend yield?
GLPI yields 6.60% and SPG yields 4.18%. On a $10,000 investment that's about $242 more in annual dividend income before taxes — though higher yield often comes with higher risk.
Is GLPI or SPG a safer dividend in 2026?
GLPI scores 4.9/10 (Weak) on the Infnits dividend safety scale. SPG scores 7.3/10 (Solid). SPG is the safer pick on our scoring model.
Which has better dividend growth, GLPI or SPG?
SPG's yield is 0.81% below its 5y average, versus 0.59% for GLPI. Lower (or below-average) yield trend often means price appreciation outpaced distributions — a healthier signal.
GLPI vs SPG: which is more tax-efficient?
Both pay primarily ordinary-income distributions (covered call ETF, REIT, or mREIT). Hold in a tax-advantaged account for the cleanest treatment.
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Compare both against your actual holdings
Put GLPI and SPG into the free analyzer with the rest of your portfolio. You'll see what each one contributes to your annual income, your weighted safety score, and whether adding SPG diversifies you or just duplicates what you hold. No account, no download.