Prologis (PLD) vs. Simon Property Group (SPG)
This page compares Prologis (PLD) with Simon Property Group (SPG) using historical performance, profitability, financial strength, growth, dividend, and valuation metrics.
Company Profile
Prologis (PLD) and Simon Property Group (SPG) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but PLD is classified in Industrial REITs while SPG is classified in Retail REITs.
Both Prologis (PLD, 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 | PLD | SPG |
|---|---|---|
| Company Name | Prologis, 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 | Industrial REITs | Retail REITs |
| GICS Sub-Industry | Industrial REITs | Retail REITs |
| Market Capitalization | 134.84 billion USD | 77.86 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | November 21, 1997 | December 14, 1993 |
| Security Type | REIT | REIT |
Historical Performance
Historical Performance at a Glance
| Symbol | PLD | SPG |
|---|---|---|
| 5-Day Price Return | 2.92% | 2.44% |
| 13-Week Price Return | 4.02% | 2.59% |
| 26-Week Price Return | 16.64% | 11.60% |
| 52-Week Price Return | 38.18% | 29.59% |
| Month-to-Date Return | 1.84% | 0.58% |
| Year-to-Date Return | 13.29% | 10.69% |
| 10-Day Avg. Volume | 2.92M | 1.54M |
| 3-Month Avg. Volume | 3.50M | 1.60M |
| 3-Month Volatility | 20.09% | 20.64% |
| Beta | 1.36 | 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 Prologis (PLD) at 7.01% sits closer to the industry mid-range.
PLD
Equity Real Estate Investment Trusts (REITs) industry group
7.01%
- 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 Prologis (PLD) in Equity Real Estate Investment Trusts (REITs) or Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) under our convention.
PLD
Equity Real Estate Investment Trusts (REITs) industry group
41.54%
- 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 Prologis (PLD) in Equity Real Estate Investment Trusts (REITs) or Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) under our convention.
PLD
Equity Real Estate Investment Trusts (REITs) industry group
38.24%
- 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 | PLD | SPG |
|---|---|---|
| Return on Equity (TTM) | 7.01% | 126.27% |
| Return on Assets (TTM) | 3.78% | 12.76% |
| Net Profit Margin (TTM) | 41.54% | 70.59% |
| Operating Profit Margin (TTM) | 38.24% | 48.28% |
| Gross Profit Margin (TTM) | 74.43% | 81.58% |
Financial Strength
Current Ratio (MRQ)
Both Prologis (PLD) at 0.16 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.
PLD
Equity Real Estate Investment Trusts (REITs) industry group
0.16
- 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)
Prologis (PLD) at 0.65 maintains Debt-to-Equity Ratio (MRQ) in the lower-leverage quartile, while Simon Property Group (SPG) at 5.81 sits above its industry benchmark range.
PLD
Equity Real Estate Investment Trusts (REITs) industry group
0.65
- 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)
Both Prologis (PLD) at 7.44 and Simon Property Group (SPG) at 9.09 post Interest Coverage Ratio (TTM) above their industry benchmark ranges, indicating wide cushions to cover interest expense from operating income or EBIT.
PLD
Equity Real Estate Investment Trusts (REITs) industry group
7.44
- 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 | PLD | SPG |
|---|---|---|
| Current Ratio (MRQ) | 0.16 | 0.34 |
| Quick Ratio (MRQ) | 0.16 | 0.34 |
| Debt-to-Equity Ratio (MRQ) | 0.65 | 5.81 |
| Interest Coverage Ratio (TTM) | 7.44 | 9.09 |
Growth
Revenue Growth
Revenue Growth at a Glance
| Symbol | PLD | SPG |
|---|---|---|
| Revenue Growth (MRQ vs Prior YoY) | 7.39% | 19.29% |
| Revenue Growth (TTM vs Prior YoY) | 6.72% | 10.92% |
| 3-Year Revenue CAGR | 13.74% | 6.35% |
| 5-Year Revenue CAGR | 14.64% | 6.67% |
EPS Growth
EPS Growth at a Glance
| Symbol | PLD | SPG |
|---|---|---|
| EPS Growth (MRQ vs Prior YoY) | 65.35% | 16.36% |
| EPS Growth (TTM vs Prior YoY) | -0.99% | 85.12% |
| 3-Year EPS CAGR | -5.68% | 29.52% |
| 5-Year EPS CAGR | 12.11% | 31.52% |
Dividend
Dividend Yield (TTM)
Simon Property Group (SPG) at 4.23% reports Dividend Yield (TTM) around its industry mid-range, while Prologis (PLD) at 2.87% drops into the bottom quartile.
PLD
Equity Real Estate Investment Trusts (REITs) industry group
2.87%
- 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 Prologis (PLD) in Equity Real Estate Investment Trusts (REITs) or Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) under our convention.
PLD
Equity Real Estate Investment Trusts (REITs) industry group
105.78%
- 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 | PLD | SPG |
|---|---|---|
| Dividend Yield (TTM) | 2.87% | 4.23% |
| Dividend Payout Ratio (TTM) | 105.78% | 60.16% |
Valuation
Price-to-Earnings Ratio (TTM)
Price-to-Earnings Ratio (TTM) isn’t a meaningful figure for either Prologis (PLD) in Equity Real Estate Investment Trusts (REITs) or Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) under our convention.
PLD
Equity Real Estate Investment Trusts (REITs) industry group
36.91
- 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 Prologis (PLD) at 15.33 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.
PLD
Equity Real Estate Investment Trusts (REITs) industry group
15.33
- 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)
Prologis (PLD) at 2.30 hovers around the typical industry Price-to-Book Ratio (MRQ), while Simon Property Group (SPG) at 12.47 sits above its industry benchmark range — an elevated book-value multiple for SPG relative to peers.
PLD
Equity Real Estate Investment Trusts (REITs) industry group
2.30
- 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 | PLD | SPG |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 36.91 | 14.21 |
| Price-to-Sales Ratio (TTM) | 15.33 | 10.03 |
| Price-to-Book Ratio (MRQ) | 2.30 | 12.47 |
| Price-to-Free Cash Flow Ratio (TTM) | 120.73 | 20.65 |