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

Updated on August 20, 2025

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

Company Profile

A key difference in structure is that CBRE is a conventional stock, whereas SPG is a Real Estate Investment Trust (REIT), a company that primarily invests in income-generating real estate.

Symbol	CBRE	SPG
Company Name	CBRE Group, Inc.	Simon Property Group, Inc.
Country	United States	United States
GICS Sector	Real Estate	Real Estate
GICS Industry	Real Estate Management & Development	Retail REITs
Market Capitalization	47.51 billion USD	65.10 billion USD
Exchange	NYSE	NYSE
Listing Date	June 10, 2004	December 14, 1993
Security Type	Common Stock	REIT

Historical Performance

This chart compares the performance of CBRE 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.

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

Historical Performance at a Glance

Symbol	CBRE	SPG
5-Day Price Return	3.43%	3.75%
13-Week Price Return	20.33%	0.67%
26-Week Price Return	10.43%	-4.21%
52-Week Price Return	48.01%	12.73%
Month-to-Date Return	2.52%	5.37%
Year-to-Date Return	21.61%	0.22%
10-Day Avg. Volume	1.57M	1.68M
3-Month Avg. Volume	1.78M	1.67M
3-Month Volatility	29.16%	24.49%
Beta	1.40	1.55

Profitability

Return on Equity (TTM)

CBRE

12.96%

Real Estate Management & Development Industry

Max: 14.65%
Q3: 8.92%
Median: 3.63%
Q1: 1.63%
Min: -8.05%

In the upper quartile for the Real Estate Management & Development industry, CBRE’s Return on Equity of 12.96% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.

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.

CBRE vs. SPG: A comparison of their Return on Equity (TTM) against their respective Real Estate Management & Development and Retail REITs industry benchmarks.

Net Profit Margin (TTM)

CBRE

2.86%

Real Estate Management & Development Industry

Max: 57.16%
Q3: 24.60%
Median: 9.48%
Q1: 2.61%
Min: -26.61%

CBRE’s Net Profit Margin of 2.86% is aligned with the median group of its peers in the Real Estate Management & Development industry. This indicates its ability to convert revenue into profit is typical for the sector.

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.

CBRE vs. SPG: A comparison of their Net Profit Margin (TTM) against their respective Real Estate Management & Development and Retail REITs industry benchmarks.

Operating Profit Margin (TTM)

CBRE

4.23%

Real Estate Management & Development Industry

Max: 92.29%
Q3: 43.61%
Median: 20.96%
Q1: 6.44%
Min: -48.90%

CBRE’s Operating Profit Margin of 4.23% is in the lower quartile for the Real Estate Management & Development industry. This indicates weaker profitability from core operations, which may stem from inefficiencies or competitive pressures on pricing.

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.

CBRE vs. SPG: A comparison of their Operating Profit Margin (TTM) against their respective Real Estate Management & Development and Retail REITs industry benchmarks.

Profitability at a Glance

Symbol	CBRE	SPG
Return on Equity (TTM)	12.96%	79.00%
Return on Assets (TTM)	4.22%	6.44%
Net Profit Margin (TTM)	2.86%	35.06%
Operating Profit Margin (TTM)	4.23%	50.96%
Gross Profit Margin (TTM)	19.42%	82.17%

Financial Strength

Current Ratio (MRQ)

CBRE

1.13

Real Estate Management & Development Industry

Max: 3.73
Q3: 2.22
Median: 1.42
Q1: 1.03
Min: 0.04

CBRE’s Current Ratio of 1.13 aligns with the median group of the Real Estate Management & Development 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.

CBRE vs. SPG: A comparison of their Current Ratio (MRQ) against their respective Real Estate Management & Development and Retail REITs industry benchmarks.

Debt-to-Equity Ratio (MRQ)

CBRE

0.90

Real Estate Management & Development Industry

Max: 2.62
Q3: 1.30
Median: 0.84
Q1: 0.39
Min: 0.00

CBRE’s Debt-to-Equity Ratio of 0.90 is typical for the Real Estate Management & Development industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

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.

CBRE vs. SPG: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Real Estate Management & Development and Retail REITs industry benchmarks.

Interest Coverage Ratio (TTM)

CBRE

6.21

Real Estate Management & Development Industry

Max: 23.14
Q3: 12.97
Median: 3.68
Q1: 1.29
Min: -4.45

CBRE’s Interest Coverage Ratio of 6.21 is positioned comfortably within the norm for the Real Estate Management & Development industry, indicating a standard and healthy capacity to cover its interest payments.

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.

CBRE vs. SPG: A comparison of their Interest Coverage Ratio (TTM) against their respective Real Estate Management & Development and Retail REITs industry benchmarks.

Financial Strength at a Glance

Symbol	CBRE	SPG
Current Ratio (MRQ)	1.13	0.52
Quick Ratio (MRQ)	1.09	0.52
Debt-to-Equity Ratio (MRQ)	0.90	10.36
Interest Coverage Ratio (TTM)	6.21	11.31

Growth

Revenue Growth

CBRE 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

CBRE 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)

CBRE

0.00%

Real Estate Management & Development Industry

Max: 6.79%
Q3: 3.51%
Median: 2.22%
Q1: 0.52%
Min: 0.00%

CBRE currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

SPG

4.94%

Retail REITs Industry

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

SPG’s Dividend Yield of 4.94% is consistent with its peers in the Retail REITs industry, providing a dividend return that is standard for its sector.

CBRE vs. SPG: A comparison of their Dividend Yield (TTM) against their respective Real Estate Management & Development and Retail REITs industry benchmarks.

Dividend Payout Ratio (TTM)

CBRE

0.00%

Real Estate Management & Development Industry

Max: 242.45%
Q3: 106.13%
Median: 55.27%
Q1: 14.97%
Min: 0.00%

CBRE has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

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.

CBRE vs. SPG: A comparison of their Dividend Payout Ratio (TTM) against their respective Real Estate Management & Development and Retail REITs industry benchmarks.

Dividend at a Glance

Symbol	CBRE	SPG
Dividend Yield (TTM)	0.00%	4.94%
Dividend Payout Ratio (TTM)	0.00%	129.03%

Valuation

Price-to-Earnings Ratio (TTM)

CBRE

43.48

Real Estate Management & Development Industry

Max: 41.09
Q3: 23.50
Median: 17.29
Q1: 11.14
Min: 6.36

At 43.48, CBRE’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Real Estate Management & Development industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

SPG

26.12

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.

CBRE vs. SPG: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Real Estate Management & Development and Retail REITs industry benchmarks.

Price-to-Sales Ratio (TTM)

CBRE

1.24

Real Estate Management & Development Industry

Max: 12.22
Q3: 5.64
Median: 2.53
Q1: 0.98
Min: 0.01

CBRE’s P/S Ratio of 1.24 aligns with the market consensus for the Real Estate Management & Development industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

SPG

9.16

Retail REITs Industry

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

SPG’s P/S Ratio of 9.16 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.

CBRE vs. SPG: A comparison of their Price-to-Sales Ratio (TTM) against their respective Real Estate Management & Development and Retail REITs industry benchmarks.

Price-to-Book Ratio (MRQ)

CBRE

5.06

Real Estate Management & Development Industry

Max: 2.36
Q3: 1.18
Median: 0.75
Q1: 0.35
Min: 0.06

At 5.06, CBRE’s P/B Ratio is at an extreme premium to the Real Estate Management & Development 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.

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.

CBRE vs. SPG: A comparison of their Price-to-Book Ratio (MRQ) against their respective Real Estate Management & Development and Retail REITs industry benchmarks.

Valuation at a Glance

Symbol	CBRE	SPG
Price-to-Earnings Ratio (TTM)	43.48	26.12
Price-to-Sales Ratio (TTM)	1.24	9.16
Price-to-Book Ratio (MRQ)	5.06	21.41
Price-to-Free Cash Flow Ratio (TTM)	24.17	17.58