American Tower (AMT) vs. Simon Property Group (SPG)
This page compares American Tower (AMT) with Simon Property Group (SPG) using historical performance, profitability, financial strength, growth, dividend, and valuation metrics.
Company Profile
American Tower (AMT) and Simon Property Group (SPG) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but AMT is classified in Specialized REITs while SPG is classified in Retail REITs.
Both American Tower (AMT, REIT) and Simon Property Group (SPG, REIT) are distribution-oriented income vehicles — payout ratios and P/E should be read alongside FFO, distributable cash flow, or issuer-specific cash-flow measures.
| Symbol | AMT | SPG |
|---|---|---|
| Company Name | American Tower Corporation | Simon Property Group, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Real Estate | Real Estate |
| GICS Industry Group | Equity Real Estate Investment Trusts (REITs) | Equity Real Estate Investment Trusts (REITs) |
| GICS Industry | Specialized REITs | Retail REITs |
| GICS Sub-Industry | Telecom Tower REITs | Retail REITs |
| Market Capitalization | 85.62 billion USD | 77.86 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | February 27, 1998 | December 14, 1993 |
| Security Type | REIT | REIT |
Historical Performance
Historical Performance at a Glance
| Symbol | AMT | SPG |
|---|---|---|
| 5-Day Price Return | 7.71% | 2.44% |
| 13-Week Price Return | -0.55% | 2.59% |
| 26-Week Price Return | 1.46% | 11.60% |
| 52-Week Price Return | -14.01% | 29.59% |
| Month-to-Date Return | 0.59% | 0.58% |
| Year-to-Date Return | 4.68% | 10.69% |
| 10-Day Avg. Volume | 3.38M | 1.54M |
| 3-Month Avg. Volume | 3.23M | 1.60M |
| 3-Month Volatility | 27.45% | 20.64% |
| Beta | 0.90 | 1.37 |
Profitability
Return on Equity (TTM)
Both American Tower (AMT) at 78.17% and Simon Property Group (SPG) at 126.27% post Return on Equity (TTM) above their industry benchmark ranges, pointing to unusually strong headline returns on shareholders’ equity.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
78.17%
- Max
- 22.01%
- Q3
- 11.68%
- Median
- 6.89%
- Q1
- 3.22%
- Min
- -9.32%
SPG
Equity Real Estate Investment Trusts (REITs) industry group
126.27%
- Max
- 22.01%
- Q3
- 11.68%
- Median
- 6.89%
- Q1
- 3.22%
- Min
- -9.32%
Net Profit Margin (TTM)
Net Profit Margin (TTM) isn’t a meaningful figure for either American Tower (AMT) in Equity Real Estate Investment Trusts (REITs) or Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) under our convention.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
26.81%
- Max
- 70.59%
- Q3
- 34.78%
- Median
- 23.30%
- Q1
- 9.09%
- Min
- -22.16%
SPG
Equity Real Estate Investment Trusts (REITs) industry group
70.59%
- Max
- 70.59%
- Q3
- 34.78%
- Median
- 23.30%
- Q1
- 9.09%
- Min
- -22.16%
Operating Profit Margin (TTM)
Operating Profit Margin (TTM) isn’t a meaningful figure for either American Tower (AMT) in Equity Real Estate Investment Trusts (REITs) or Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) under our convention.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
44.65%
- Max
- 78.54%
- Q3
- 40.76%
- Median
- 25.94%
- Q1
- 14.42%
- Min
- -21.19%
SPG
Equity Real Estate Investment Trusts (REITs) industry group
48.28%
- Max
- 78.54%
- Q3
- 40.76%
- Median
- 25.94%
- Q1
- 14.42%
- Min
- -21.19%
Profitability at a Glance
| Symbol | AMT | SPG |
|---|---|---|
| Return on Equity (TTM) | 78.17% | 126.27% |
| Return on Assets (TTM) | 4.57% | 12.76% |
| Net Profit Margin (TTM) | 26.81% | 70.59% |
| Operating Profit Margin (TTM) | 44.65% | 48.28% |
| Gross Profit Margin (TTM) | 73.96% | 81.58% |
Financial Strength
Current Ratio (MRQ)
Both American Tower (AMT) at 0.30 and Simon Property Group (SPG) at 0.34 run Current Ratio (MRQ) in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
0.30
- Max
- 2.89
- Q3
- 1.41
- Median
- 0.74
- Q1
- 0.34
- Min
- 0.00
SPG
Equity Real Estate Investment Trusts (REITs) industry group
0.34
- Max
- 2.89
- Q3
- 1.41
- Median
- 0.74
- Q1
- 0.34
- Min
- 0.00
Debt-to-Equity Ratio (MRQ)
Both American Tower (AMT) at 10.59 and Simon Property Group (SPG) at 5.81 sit above their industry benchmark ranges for Debt-to-Equity Ratio (MRQ), pointing to heavier debt loads relative to equity on both sides.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
10.59
- Max
- 3.10
- Q3
- 1.71
- Median
- 1.05
- Q1
- 0.76
- Min
- 0.14
SPG
Equity Real Estate Investment Trusts (REITs) industry group
5.81
- Max
- 3.10
- Q3
- 1.71
- Median
- 1.05
- Q1
- 0.76
- Min
- 0.14
Interest Coverage Ratio (TTM)
Simon Property Group (SPG) posts Interest Coverage Ratio (TTM) of 9.09, above its industry benchmark range, while American Tower (AMT) at 2.50 sits closer to the industry mid-range.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
2.50
- Max
- 6.82
- Q3
- 3.66
- Median
- 2.50
- Q1
- 1.54
- Min
- -0.62
SPG
Equity Real Estate Investment Trusts (REITs) industry group
9.09
- Max
- 6.82
- Q3
- 3.66
- Median
- 2.50
- Q1
- 1.54
- Min
- -0.62
Financial Strength at a Glance
| Symbol | AMT | SPG |
|---|---|---|
| Current Ratio (MRQ) | 0.30 | 0.34 |
| Quick Ratio (MRQ) | 0.27 | 0.34 |
| Debt-to-Equity Ratio (MRQ) | 10.59 | 5.81 |
| Interest Coverage Ratio (TTM) | 2.50 | 9.09 |
Growth
Revenue Growth
Revenue Growth at a Glance
| Symbol | AMT | SPG |
|---|---|---|
| Revenue Growth (MRQ vs Prior YoY) | 6.82% | 19.29% |
| Revenue Growth (TTM vs Prior YoY) | 6.31% | 10.92% |
| 3-Year Revenue CAGR | 3.34% | 6.35% |
| 5-Year Revenue CAGR | 5.77% | 6.67% |
EPS Growth
EPS Growth at a Glance
| Symbol | AMT | SPG |
|---|---|---|
| EPS Growth (MRQ vs Prior YoY) | 76.50% | 16.36% |
| EPS Growth (TTM vs Prior YoY) | 58.98% | 85.12% |
| 3-Year EPS CAGR | 12.24% | 29.52% |
| 5-Year EPS CAGR | 7.32% | 31.52% |
Dividend
Dividend Yield (TTM)
Both American Tower (AMT) at 3.72% and Simon Property Group (SPG) at 4.23% report Dividend Yield (TTM) near their industry mid-ranges, so neither company stands out strongly from peers on cash yield relative to share price.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
3.72%
- Max
- 8.57%
- Q3
- 5.38%
- Median
- 4.20%
- Q1
- 3.23%
- Min
- 0.06%
SPG
Equity Real Estate Investment Trusts (REITs) industry group
4.23%
- Max
- 8.57%
- Q3
- 5.38%
- Median
- 4.20%
- Q1
- 3.23%
- Min
- 0.06%
Dividend Payout Ratio (TTM)
Dividend Payout Ratio (TTM) isn’t a meaningful figure for either American Tower (AMT) in Equity Real Estate Investment Trusts (REITs) or Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) under our convention.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
110.17%
- Max
- 264.79%
- Q3
- 154.23%
- Median
- 110.31%
- Q1
- 77.71%
- Min
- 0.00%
SPG
Equity Real Estate Investment Trusts (REITs) industry group
60.16%
- Max
- 264.79%
- Q3
- 154.23%
- Median
- 110.31%
- Q1
- 77.71%
- Min
- 0.00%
Dividend at a Glance
| Symbol | AMT | SPG |
|---|---|---|
| Dividend Yield (TTM) | 3.72% | 4.23% |
| Dividend Payout Ratio (TTM) | 110.17% | 60.16% |
Valuation
Price-to-Earnings Ratio (TTM)
Price-to-Earnings Ratio (TTM) isn’t a meaningful figure for either American Tower (AMT) in Equity Real Estate Investment Trusts (REITs) or Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) under our convention.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
29.61
- Max
- 62.52
- Q3
- 38.29
- Median
- 28.27
- Q1
- 21.86
- Min
- 1.10
SPG
Equity Real Estate Investment Trusts (REITs) industry group
14.21
- Max
- 62.52
- Q3
- 38.29
- Median
- 28.27
- Q1
- 21.86
- Min
- 1.10
Price-to-Sales Ratio (TTM)
American Tower (AMT) at 7.94 carries typical industry Price-to-Sales Ratio (TTM), while Simon Property Group (SPG) at 10.03 sits in the higher-multiple quartile — SPG carries a higher trailing revenue multiple relative to peers.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
7.94
- Max
- 15.33
- Q3
- 9.12
- Median
- 6.96
- Q1
- 3.47
- Min
- 0.75
SPG
Equity Real Estate Investment Trusts (REITs) industry group
10.03
- Max
- 15.33
- Q3
- 9.12
- Median
- 6.96
- Q1
- 3.47
- Min
- 0.75
Price-to-Book Ratio (MRQ)
Both American Tower (AMT) at 22.85 and Simon Property Group (SPG) at 12.47 sit above their industries’ benchmark ranges for Price-to-Book Ratio (MRQ), pointing to unusually high book-value multiples relative to peers.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
22.85
- Max
- 3.43
- Q3
- 2.78
- Median
- 1.80
- Q1
- 1.32
- Min
- 0.22
SPG
Equity Real Estate Investment Trusts (REITs) industry group
12.47
- Max
- 3.43
- Q3
- 2.78
- Median
- 1.80
- Q1
- 1.32
- Min
- 0.22
Valuation at a Glance
| Symbol | AMT | SPG |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 29.61 | 14.21 |
| Price-to-Sales Ratio (TTM) | 7.94 | 10.03 |
| Price-to-Book Ratio (MRQ) | 22.85 | 12.47 |
| Price-to-Free Cash Flow Ratio (TTM) | 22.78 | 20.65 |