Equinix (EQIX) vs. Simon Property Group (SPG)
This page compares Equinix (EQIX) with Simon Property Group (SPG) using historical performance, profitability, financial strength, growth, dividend, and valuation metrics.
Company Profile
Equinix (EQIX) and Simon Property Group (SPG) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but EQIX is classified in Specialized REITs while SPG is classified in Retail REITs.
Both Equinix (EQIX, 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 | EQIX | SPG |
|---|---|---|
| Company Name | Equinix, Inc. | 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 | Data Center REITs | Retail REITs |
| Market Capitalization | 106.36 billion USD | 77.86 billion USD |
| Currency | USD | USD |
| Exchange | NasdaqGS | NYSE |
| Listing Date | August 11, 2000 | December 14, 1993 |
| Security Type | REIT | REIT |
Historical Performance
Historical Performance at a Glance
| Symbol | EQIX | SPG |
|---|---|---|
| 5-Day Price Return | 1.79% | 2.44% |
| 13-Week Price Return | 17.47% | 2.59% |
| 26-Week Price Return | 37.11% | 11.60% |
| 52-Week Price Return | 25.52% | 29.59% |
| Month-to-Date Return | -0.41% | 0.58% |
| Year-to-Date Return | 40.76% | 10.69% |
| 10-Day Avg. Volume | 0.51M | 1.54M |
| 3-Month Avg. Volume | 0.61M | 1.60M |
| 3-Month Volatility | 18.03% | 20.64% |
| Beta | 1.00 | 1.37 |
Profitability
Return on Equity (TTM)
Simon Property Group (SPG) posts Return on Equity (TTM) of 126.27%, above its industry benchmark range, while Equinix (EQIX) at 10.03% sits closer to the industry mid-range.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
10.03%
- 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 Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs) or Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) under our convention.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
15.07%
- 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 Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs) or Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) under our convention.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
20.86%
- 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 | EQIX | SPG |
|---|---|---|
| Return on Equity (TTM) | 10.03% | 126.27% |
| Return on Assets (TTM) | 3.60% | 12.76% |
| Net Profit Margin (TTM) | 15.07% | 70.59% |
| Operating Profit Margin (TTM) | 20.86% | 48.28% |
| Gross Profit Margin (TTM) | 51.14% | 81.58% |
Financial Strength
Current Ratio (MRQ)
Equinix (EQIX) at 1.18 keeps Current Ratio (MRQ) within its industry mid-range, while Simon Property Group (SPG) at 0.34 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for SPG.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
1.18
- 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)
Equinix (EQIX) at 1.53 is around its industry mid-range for Debt-to-Equity Ratio (MRQ), while Simon Property Group (SPG) at 5.81 sits above its industry benchmark range, pointing to a heavier debt load relative to equity.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
1.53
- 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) leads with Interest Coverage Ratio (TTM) of 9.09, above its industry benchmark range, while Equinix (EQIX) at 5.52 also ranks strongly in the top quartile.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
5.52
- 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 | EQIX | SPG |
|---|---|---|
| Current Ratio (MRQ) | 1.18 | 0.34 |
| Quick Ratio (MRQ) | 1.18 | 0.34 |
| Debt-to-Equity Ratio (MRQ) | 1.53 | 5.81 |
| Interest Coverage Ratio (TTM) | 5.52 | 9.09 |
Growth
Revenue Growth
Revenue Growth at a Glance
| Symbol | EQIX | SPG |
|---|---|---|
| Revenue Growth (MRQ vs Prior YoY) | 9.84% | 19.29% |
| Revenue Growth (TTM vs Prior YoY) | 6.67% | 10.92% |
| 3-Year Revenue CAGR | 8.27% | 6.35% |
| 5-Year Revenue CAGR | 8.97% | 6.67% |
EPS Growth
EPS Growth at a Glance
| Symbol | EQIX | SPG |
|---|---|---|
| EPS Growth (MRQ vs Prior YoY) | 19.96% | 16.36% |
| EPS Growth (TTM vs Prior YoY) | 50.24% | 85.12% |
| 3-Year EPS CAGR | 21.49% | 29.52% |
| 5-Year EPS CAGR | 26.88% | 31.52% |
Dividend
Dividend Yield (TTM)
Simon Property Group (SPG) at 4.23% reports Dividend Yield (TTM) around its industry mid-range, while Equinix (EQIX) at 1.79% drops into the bottom quartile.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
1.79%
- 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 Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs) or Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) under our convention.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
134.11%
- 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 | EQIX | SPG |
|---|---|---|
| Dividend Yield (TTM) | 1.79% | 4.23% |
| Dividend Payout Ratio (TTM) | 134.11% | 60.16% |
Valuation
Price-to-Earnings Ratio (TTM)
Price-to-Earnings Ratio (TTM) isn’t a meaningful figure for either Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs) or Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) under our convention.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
74.79
- 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)
Both Equinix (EQIX) at 11.27 and Simon Property Group (SPG) at 10.03 trade in the higher-multiple quartile for Price-to-Sales Ratio (TTM) among industry peers, indicating higher trailing revenue multiples than typical peers.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
11.27
- 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 Equinix (EQIX) at 6.76 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.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
6.76
- 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 | EQIX | SPG |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 74.79 | 14.21 |
| Price-to-Sales Ratio (TTM) | 11.27 | 10.03 |
| Price-to-Book Ratio (MRQ) | 6.76 | 12.47 |
| Price-to-Free Cash Flow Ratio (TTM) | 297.92 | 20.65 |