JLL vs. SPG: A Head-to-Head Stock Comparison
Updated onHere’s a clear look at JLL and SPG, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.
Company Profile
A key difference in structure is that JLL is a conventional stock, whereas SPG is a Real Estate Investment Trust (REIT), a company that primarily invests in income-generating real estate.
| Symbol | JLL | SPG |
|---|---|---|
| Company Name | Jones Lang LaSalle Incorporated | 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 | 14.09 billion USD | 65.68 billion USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 17, 1997 | December 14, 1993 |
| Security Type | Common Stock | REIT |
Historical Performance
This chart compares the performance of JLL 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.
Historical Performance at a Glance
| Symbol | JLL | SPG |
|---|---|---|
| 5-Day Price Return | 1.24% | 1.13% |
| 13-Week Price Return | 28.46% | 5.86% |
| 26-Week Price Return | 6.43% | -6.49% |
| 52-Week Price Return | 19.63% | 8.91% |
| Month-to-Date Return | 9.96% | 6.31% |
| Year-to-Date Return | 17.44% | 1.11% |
| 10-Day Avg. Volume | 0.54M | 1.42M |
| 3-Month Avg. Volume | 0.44M | 1.57M |
| 3-Month Volatility | 29.28% | 18.68% |
| Beta | 1.42 | 1.55 |
Profitability
Return on Equity (TTM)
JLL
8.26%
Real Estate Management & Development Industry
- Max
- 14.65%
- Q3
- 8.92%
- Median
- 3.63%
- Q1
- 1.63%
- Min
- -8.05%
JLL’s Return on Equity of 8.26% is on par with the norm for the Real Estate Management & Development industry, indicating its profitability relative to shareholder equity is typical for the sector.
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.
Net Profit Margin (TTM)
JLL
2.29%
Real Estate Management & Development Industry
- Max
- 57.16%
- Q3
- 24.60%
- Median
- 9.48%
- Q1
- 2.61%
- Min
- -26.61%
Falling into the lower quartile for the Real Estate Management & Development industry, JLL’s Net Profit Margin of 2.29% indicates weaker profitability. This means the company retains a smaller portion of each dollar in sales as profit compared to its competitors.
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.
Operating Profit Margin (TTM)
JLL
3.72%
Real Estate Management & Development Industry
- Max
- 92.29%
- Q3
- 43.61%
- Median
- 20.96%
- Q1
- 6.44%
- Min
- -48.90%
JLL’s Operating Profit Margin of 3.72% 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.
Profitability at a Glance
| Symbol | JLL | SPG |
|---|---|---|
| Return on Equity (TTM) | 8.26% | 79.00% |
| Return on Assets (TTM) | 3.29% | 6.44% |
| Net Profit Margin (TTM) | 2.29% | 35.06% |
| Operating Profit Margin (TTM) | 3.72% | 50.96% |
| Gross Profit Margin (TTM) | 57.03% | 82.17% |
Financial Strength
Current Ratio (MRQ)
JLL
1.10
Real Estate Management & Development Industry
- Max
- 3.73
- Q3
- 2.22
- Median
- 1.42
- Q1
- 1.03
- Min
- 0.04
JLL’s Current Ratio of 1.10 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.
Debt-to-Equity Ratio (MRQ)
JLL
0.45
Real Estate Management & Development Industry
- Max
- 2.62
- Q3
- 1.30
- Median
- 0.84
- Q1
- 0.39
- Min
- 0.00
JLL’s Debt-to-Equity Ratio of 0.45 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.
Interest Coverage Ratio (TTM)
JLL
4.25
Real Estate Management & Development Industry
- Max
- 23.14
- Q3
- 12.97
- Median
- 3.68
- Q1
- 1.29
- Min
- -4.45
JLL’s Interest Coverage Ratio of 4.25 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.
Financial Strength at a Glance
| Symbol | JLL | SPG |
|---|---|---|
| Current Ratio (MRQ) | 1.10 | 0.52 |
| Quick Ratio (MRQ) | 1.01 | 0.52 |
| Debt-to-Equity Ratio (MRQ) | 0.45 | 10.36 |
| Interest Coverage Ratio (TTM) | 4.25 | 11.31 |
Growth
Revenue Growth
EPS Growth
Dividend
Dividend Yield (TTM)
JLL
0.00%
Real Estate Management & Development Industry
- Max
- 6.79%
- Q3
- 3.51%
- Median
- 2.22%
- Q1
- 0.52%
- Min
- 0.00%
JLL 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
4.78%
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.
Dividend Payout Ratio (TTM)
JLL
0.00%
Real Estate Management & Development Industry
- Max
- 242.45%
- Q3
- 106.13%
- Median
- 55.27%
- Q1
- 14.97%
- Min
- 0.00%
JLL 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.
Dividend at a Glance
| Symbol | JLL | SPG |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 4.78% |
| Dividend Payout Ratio (TTM) | 0.00% | 129.03% |
Valuation
Price-to-Earnings Ratio (TTM)
JLL
24.99
Real Estate Management & Development Industry
- Max
- 41.09
- Q3
- 23.50
- Median
- 17.29
- Q1
- 11.14
- Min
- 6.36
A P/E Ratio of 24.99 places JLL in the upper quartile for the Real Estate Management & Development industry. This high valuation relative to peers suggests the market holds elevated expectations for the company’s future growth.
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.
Price-to-Sales Ratio (TTM)
JLL
0.57
Real Estate Management & Development Industry
- Max
- 12.22
- Q3
- 5.64
- Median
- 2.53
- Q1
- 0.98
- Min
- 0.01
In the lower quartile for the Real Estate Management & Development industry, JLL’s P/S Ratio of 0.57 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.
Price-to-Book Ratio (MRQ)
JLL
1.72
Real Estate Management & Development Industry
- Max
- 2.36
- Q3
- 1.18
- Median
- 0.75
- Q1
- 0.35
- Min
- 0.06
JLL’s P/B Ratio of 1.72 is in the upper tier for the Real Estate Management & Development 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.
Valuation at a Glance
| Symbol | JLL | SPG |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 24.99 | 26.99 |
| Price-to-Sales Ratio (TTM) | 0.57 | 9.46 |
| Price-to-Book Ratio (MRQ) | 1.72 | 21.41 |
| Price-to-Free Cash Flow Ratio (TTM) | 10.26 | 18.17 |