BXP vs. SPG: A Head-to-Head Stock Comparison

Updated on August 26, 2025

Here’s a clear look at BXP and SPG, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Both BXP and SPG are Real Estate Investment Trusts (REITs). These entities are required to distribute the majority of their taxable income to shareholders, often resulting in higher dividend yields.

Symbol	BXP	SPG
Company Name	BXP, Inc.	Simon Property Group, Inc.
Country	United States	United States
GICS Sector	Real Estate	Real Estate
GICS Industry	Office REITs	Retail REITs
Market Capitalization	12.32 billion USD	66.54 billion USD
Exchange	NYSE	NYSE
Listing Date	June 18, 1997	December 14, 1993
Security Type	REIT	REIT

Historical Performance

This chart compares the performance of BXP and SPG by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

BXP vs. SPG: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	BXP	SPG
5-Day Price Return	4.20%	0.87%
13-Week Price Return	7.81%	11.69%
26-Week Price Return	-0.30%	-5.12%
52-Week Price Return	-1.68%	8.75%
Month-to-Date Return	6.50%	7.71%
Year-to-Date Return	-6.29%	2.44%
10-Day Avg. Volume	1.26M	1.40M
3-Month Avg. Volume	1.60M	1.56M
3-Month Volatility	30.89%	17.83%
Beta	1.24	1.55

Profitability

Return on Equity (TTM)

BXP

0.09%

Office REITs Industry

Max: 9.47%
Q3: 6.07%
Median: 3.22%
Q1: 0.83%
Min: -0.08%

BXP’s Return on Equity of 0.09% is in the lower quartile for the Office REITs industry. This indicates a less efficient generation of profit from its equity base when compared to its competitors.

SPG

79.00%

Retail REITs Industry

Max: 15.84%
Q3: 10.01%
Median: 5.58%
Q1: 2.80%
Min: -2.65%

SPG’s Return on Equity of 79.00% is exceptionally high, placing it well beyond the typical range for the Retail REITs industry. This demonstrates a superior ability to generate profit from shareholder investments, though it could also be inflated by high financial leverage.

BXP vs. SPG: A comparison of their Return on Equity (TTM) against their respective Office REITs and Retail REITs industry benchmarks.

Net Profit Margin (TTM)

BXP

0.14%

Office REITs Industry

Max: 74.75%
Q3: 44.46%
Median: 31.39%
Q1: 5.85%
Min: -0.35%

In the Office REITs industry, Net Profit Margin is often not the primary profitability metric.

SPG

35.06%

Retail REITs Industry

Max: 72.99%
Q3: 48.25%
Median: 27.21%
Q1: 13.68%
Min: -25.48%

In the Retail REITs industry, Net Profit Margin is often not the primary profitability metric.

BXP vs. SPG: A comparison of their Net Profit Margin (TTM) against their respective Office REITs and Retail REITs industry benchmarks.

Operating Profit Margin (TTM)

BXP

29.78%

Office REITs Industry

Max: 91.62%
Q3: 51.67%
Median: 42.78%
Q1: 23.56%
Min: 14.93%

In the Office REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

SPG

50.96%

Retail REITs Industry

Max: 102.11%
Q3: 53.88%
Median: 35.05%
Q1: 20.90%
Min: -8.87%

In the Retail REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

BXP vs. SPG: A comparison of their Operating Profit Margin (TTM) against their respective Office REITs and Retail REITs industry benchmarks.

Profitability at a Glance

Symbol	BXP	SPG
Return on Equity (TTM)	0.09%	79.00%
Return on Assets (TTM)	0.02%	6.44%
Net Profit Margin (TTM)	0.14%	35.06%
Operating Profit Margin (TTM)	29.78%	50.96%
Gross Profit Margin (TTM)	60.37%	82.17%

Financial Strength

Current Ratio (MRQ)

BXP

1.13

Office REITs Industry

Max: 1.49
Q3: 1.22
Median: 0.67
Q1: 0.44
Min: 0.14

BXP’s Current Ratio of 1.13 aligns with the median group of the Office REITs industry, indicating that its short-term liquidity is in line with its sector peers.

SPG

0.52

Retail REITs Industry

Max: 1.54
Q3: 0.87
Median: 0.60
Q1: 0.39
Min: 0.04

SPG’s Current Ratio of 0.52 aligns with the median group of the Retail REITs industry, indicating that its short-term liquidity is in line with its sector peers.

BXP vs. SPG: A comparison of their Current Ratio (MRQ) against their respective Office REITs and Retail REITs industry benchmarks.

Debt-to-Equity Ratio (MRQ)

BXP

3.08

Office REITs Industry

Max: 1.62
Q3: 1.32
Median: 0.87
Q1: 0.73
Min: 0.42

With a Debt-to-Equity Ratio of 3.08, BXP operates with exceptionally high leverage compared to the Office REITs industry norm. This suggests an aggressive reliance on debt financing, which can magnify returns but also significantly elevates financial risk.

SPG

10.36

Retail REITs Industry

Max: 1.96
Q3: 1.36
Median: 0.93
Q1: 0.64
Min: 0.28

With a Debt-to-Equity Ratio of 10.36, SPG operates with exceptionally high leverage compared to the Retail REITs industry norm. This suggests an aggressive reliance on debt financing, which can magnify returns but also significantly elevates financial risk.

BXP vs. SPG: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Office REITs and Retail REITs industry benchmarks.

Interest Coverage Ratio (TTM)

BXP

1.09

Office REITs Industry

Max: 3.98
Q3: 3.37
Median: 1.66
Q1: 1.16
Min: 0.14

In the lower quartile for the Office REITs industry, BXP’s Interest Coverage Ratio of 1.09 indicates a tighter cushion for servicing debt, suggesting less financial flexibility than many of its competitors.

SPG

11.31

Retail REITs Industry

Max: 4.31
Q3: 3.35
Median: 2.33
Q1: 1.37
Min: 0.52

With an Interest Coverage Ratio of 11.31, SPG demonstrates a superior capacity to service its debt, placing it well above the typical range for the Retail REITs industry. This stems from either robust earnings or a conservative debt load.

BXP vs. SPG: A comparison of their Interest Coverage Ratio (TTM) against their respective Office REITs and Retail REITs industry benchmarks.

Financial Strength at a Glance

Symbol	BXP	SPG
Current Ratio (MRQ)	1.13	0.52
Quick Ratio (MRQ)	1.08	0.52
Debt-to-Equity Ratio (MRQ)	3.08	10.36
Interest Coverage Ratio (TTM)	1.09	11.31

Growth

Revenue Growth

BXP vs. SPG: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

BXP vs. SPG: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

BXP

6.53%

Office REITs Industry

Max: 6.88%
Q3: 5.94%
Median: 4.58%
Q1: 3.82%
Min: 1.22%

With a Dividend Yield of 6.53%, BXP offers a more attractive income stream than most of its peers in the Office REITs industry, signaling a strong commitment to shareholder returns.

SPG

4.78%

Retail REITs Industry

Max: 6.40%
Q3: 4.96%
Median: 4.61%
Q1: 3.75%
Min: 2.91%

SPG’s Dividend Yield of 4.78% is consistent with its peers in the Retail REITs industry, providing a dividend return that is standard for its sector.

BXP vs. SPG: A comparison of their Dividend Yield (TTM) against their respective Office REITs and Retail REITs industry benchmarks.

Dividend Payout Ratio (TTM)

BXP

222.09%

Office REITs Industry

Max: 231.12%
Q3: 180.65%
Median: 94.76%
Q1: 87.60%
Min: 1.02%

BXP’s Dividend Payout Ratio of 222.09% is in the upper quartile for the Office REITs industry. This indicates a strong commitment to shareholder returns but also suggests that a smaller portion of earnings is retained for reinvestment compared to many peers.

SPG

129.03%

Retail REITs Industry

Max: 233.72%
Q3: 148.83%
Median: 90.03%
Q1: 67.83%
Min: 12.86%

SPG’s Dividend Payout Ratio of 129.03% is within the typical range for the Retail REITs industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

BXP vs. SPG: A comparison of their Dividend Payout Ratio (TTM) against their respective Office REITs and Retail REITs industry benchmarks.

Dividend at a Glance

Symbol	BXP	SPG
Dividend Yield (TTM)	6.53%	4.78%
Dividend Payout Ratio (TTM)	222.09%	129.03%

Valuation

Price-to-Earnings Ratio (TTM)

BXP

2,149.06

Office REITs Industry

Max: 48.29
Q3: 44.14
Median: 23.60
Q1: 18.77
Min: 6.08

The P/E Ratio is often not the primary metric for valuation in the Office REITs industry.

SPG

26.99

Retail REITs Industry

Max: 69.12
Q3: 38.21
Median: 21.85
Q1: 15.96
Min: 6.82

The P/E Ratio is often not the primary metric for valuation in the Retail REITs industry.

BXP vs. SPG: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Office REITs and Retail REITs industry benchmarks.

Price-to-Sales Ratio (TTM)

BXP

3.07

Office REITs Industry

Max: 14.09
Q3: 9.33
Median: 6.96
Q1: 4.25
Min: 2.65

In the lower quartile for the Office REITs industry, BXP’s P/S Ratio of 3.07 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.

SPG

9.46

Retail REITs Industry

Max: 13.84
Q3: 9.05
Median: 7.00
Q1: 5.56
Min: 2.93

SPG’s P/S Ratio of 9.46 is in the upper echelon for the Retail REITs industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.

BXP vs. SPG: A comparison of their Price-to-Sales Ratio (TTM) against their respective Office REITs and Retail REITs industry benchmarks.

Price-to-Book Ratio (MRQ)

BXP

2.03

Office REITs Industry

Max: 2.06
Q3: 1.34
Median: 1.02
Q1: 0.68
Min: 0.57

BXP’s P/B Ratio of 2.03 is in the upper tier for the Office REITs industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

SPG

21.41

Retail REITs Industry

Max: 2.75
Q3: 1.73
Median: 1.08
Q1: 0.87
Min: 0.48

At 21.41, SPG’s P/B Ratio is at an extreme premium to the Retail REITs industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

BXP vs. SPG: A comparison of their Price-to-Book Ratio (MRQ) against their respective Office REITs and Retail REITs industry benchmarks.

Valuation at a Glance

Symbol	BXP	SPG
Price-to-Earnings Ratio (TTM)	2,149.06	26.99
Price-to-Sales Ratio (TTM)	3.07	9.46
Price-to-Book Ratio (MRQ)	2.03	21.41
Price-to-Free Cash Flow Ratio (TTM)	110.75	18.17