Computed head-to-head · 6 dimensions
O vs SPG
Realty Income Corporation versus Simon Property Group, Inc. — yield, safety, growth trend, cost, scale, and tax treatment.
O and SPG are evenly matched (2–2 across six dimensions) — the right pick comes down to which dimension you weight most.
Scorecard at a glance
| Dimension | O | SPG | Winner |
|---|---|---|---|
| Yield | 4.96% | 4.64% | O wins |
| Dividend safety | 5.8/10 | 6.8/10 | SPG wins |
| Growth trend | -0.10% vs 5y | -0.47% vs 5y | SPG wins |
| Volatility (beta) | 0.73 | 1.40 | O wins |
| Scale | $60.1B | $61.1B | Tie |
| Tax efficiency | Ordinary income | Ordinary income | Tie |
| Overall | 2 wins | 2 wins | Tie |
Dimension by dimension
O wins on yield (4.96% vs 4.64%)
On a $10,000 investment that's about $32 more in annual dividend income before taxes — though higher yield often comes with higher risk.
O's higher yield (4.96%) looks attractive but investors should weigh whether the extra income compensates for any additional risk versus SPG's 4.64% — especially if the higher yield is driven by covered calls or a falling share price.
SPG wins on safety (6.8/10 vs 5.8/10)
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 (6.8/10) scores 1.0 points higher than O (5.8/10). 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 0.47% below its 5y average, versus 0.10% for O. Lower (or below-average) yield trend often means price appreciation outpaced distributions — a healthier signal.
O is less volatile (beta 0.73 vs 1.40)
Lower beta means smaller swings vs the S&P 500 — generally a steadier hold for income investors.
Comparable scale ($60.1B vs $61.1B)
Within 1.5x of each other on market cap / AUM — similar institutional footprint.
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.
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
Which is better for income, O or SPG?
O and SPG are evenly matched (2–2 across six dimensions) — the right pick comes down to which dimension you weight most.
O vs SPG: which has a higher dividend yield?
O yields 4.96% and SPG yields 4.64%. On a $10,000 investment that's about $32 more in annual dividend income before taxes — though higher yield often comes with higher risk.
Is O or SPG a safer dividend in 2026?
O scores 5.8/10 (Mixed) on the Infnits dividend safety scale. SPG scores 6.8/10 (Solid). SPG is the safer pick on our scoring model.
Which has better dividend growth, O or SPG?
SPG's yield is 0.47% below its 5y average, versus 0.10% for O. Lower (or below-average) yield trend often means price appreciation outpaced distributions — a healthier signal.
O 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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