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

Updated on October 3, 2025

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

Company Profile

Both SKT 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	SKT	SPG
Company Name	Tanger Inc.	Simon Property Group, Inc.
Country	United States	United States
GICS Sector	Real Estate	Real Estate
GICS Industry	Retail REITs	Retail REITs
Market Capitalization	3.82 billion USD	69.93 billion USD
Exchange	NYSE	NYSE
Listing Date	May 28, 1993	December 14, 1993
Security Type	REIT	REIT

Historical Performance

This chart compares the performance of SKT 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.

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

Historical Performance at a Glance

Symbol	SKT	SPG
5-Day Price Return	2.05%	1.73%
13-Week Price Return	10.66%	13.08%
26-Week Price Return	2.89%	12.00%
52-Week Price Return	2.55%	9.90%
Month-to-Date Return	-0.99%	-1.02%
Year-to-Date Return	-0.85%	7.87%
10-Day Avg. Volume	0.99M	2.09M
3-Month Avg. Volume	0.95M	1.63M
3-Month Volatility	22.96%	18.00%
Beta	1.39	1.43

Profitability

Return on Equity (TTM)

SKT

16.17%

Retail REITs Industry

Max: 16.17%
Q3: 9.03%
Median: 6.12%
Q1: 3.81%
Min: -3.17%

In the upper quartile for the Retail REITs industry, SKT’s Return on Equity of 16.17% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.

SPG

79.00%

Retail REITs Industry

Max: 16.17%
Q3: 9.03%
Median: 6.12%
Q1: 3.81%
Min: -3.17%

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.

SKT vs. SPG: A comparison of their Return on Equity (TTM) against the Retail REITs industry benchmark.

Net Profit Margin (TTM)

SKT

18.30%

Retail REITs Industry

Max: 75.53%
Q3: 49.82%
Median: 28.35%
Q1: 20.68%
Min: -8.79%

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

SPG

35.06%

Retail REITs Industry

Max: 75.53%
Q3: 49.82%
Median: 28.35%
Q1: 20.68%
Min: -8.79%

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

SKT vs. SPG: A comparison of their Net Profit Margin (TTM) against the Retail REITs industry benchmark.

Operating Profit Margin (TTM)

SKT

28.29%

Retail REITs Industry

Max: 102.11%
Q3: 58.14%
Median: 38.63%
Q1: 25.00%
Min: -8.87%

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

SPG

50.96%

Retail REITs Industry

Max: 102.11%
Q3: 58.14%
Median: 38.63%
Q1: 25.00%
Min: -8.87%

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

SKT vs. SPG: A comparison of their Operating Profit Margin (TTM) against the Retail REITs industry benchmark.

Profitability at a Glance

Symbol	SKT	SPG
Return on Equity (TTM)	16.17%	79.00%
Return on Assets (TTM)	4.20%	6.44%
Net Profit Margin (TTM)	18.30%	35.06%
Operating Profit Margin (TTM)	28.29%	50.96%
Gross Profit Margin (TTM)	69.46%	82.17%

Financial Strength

Current Ratio (MRQ)

SKT

0.78

Retail REITs Industry

Max: 1.74
Q3: 0.97
Median: 0.55
Q1: 0.32
Min: 0.07

SKT’s Current Ratio of 0.78 aligns with the median group of the Retail REITs industry, indicating that its short-term liquidity is in line with its sector peers.

SPG

0.52

Retail REITs Industry

Max: 1.74
Q3: 0.97
Median: 0.55
Q1: 0.32
Min: 0.07

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.

SKT vs. SPG: A comparison of their Current Ratio (MRQ) against the Retail REITs industry benchmark.

Debt-to-Equity Ratio (MRQ)

SKT

2.40

Retail REITs Industry

Max: 2.06
Q3: 1.27
Median: 0.92
Q1: 0.68
Min: 0.34

With a Debt-to-Equity Ratio of 2.40, SKT 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.

SPG

10.36

Retail REITs Industry

Max: 2.06
Q3: 1.27
Median: 0.92
Q1: 0.68
Min: 0.34

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.

SKT vs. SPG: A comparison of their Debt-to-Equity Ratio (MRQ) against the Retail REITs industry benchmark.

Interest Coverage Ratio (TTM)

SKT

2.51

Retail REITs Industry

Max: 4.31
Q3: 3.30
Median: 2.15
Q1: 1.29
Min: -0.08

SKT’s Interest Coverage Ratio of 2.51 is positioned comfortably within the norm for the Retail REITs industry, indicating a standard and healthy capacity to cover its interest payments.

SPG

11.31

Retail REITs Industry

Max: 4.31
Q3: 3.30
Median: 2.15
Q1: 1.29
Min: -0.08

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.

SKT vs. SPG: A comparison of their Interest Coverage Ratio (TTM) against the Retail REITs industry benchmark.

Financial Strength at a Glance

Symbol	SKT	SPG
Current Ratio (MRQ)	0.78	0.52
Quick Ratio (MRQ)	0.06	0.52
Debt-to-Equity Ratio (MRQ)	2.40	10.36
Interest Coverage Ratio (TTM)	2.51	11.31

Growth

Revenue Growth

SKT 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

SKT 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)

SKT

3.29%

Retail REITs Industry

Max: 6.92%
Q3: 5.10%
Median: 4.50%
Q1: 3.89%
Min: 2.37%

SKT’s Dividend Yield of 3.29% is in the lower quartile for the Retail REITs industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.

SPG

4.46%

Retail REITs Industry

Max: 6.92%
Q3: 5.10%
Median: 4.50%
Q1: 3.89%
Min: 2.37%

SPG’s Dividend Yield of 4.46% is consistent with its peers in the Retail REITs industry, providing a dividend return that is standard for its sector.

SKT vs. SPG: A comparison of their Dividend Yield (TTM) against the Retail REITs industry benchmark.

Dividend Payout Ratio (TTM)

SKT

125.15%

Retail REITs Industry

Max: 195.40%
Q3: 125.60%
Median: 85.02%
Q1: 51.07%
Min: 12.86%

SKT’s Dividend Payout Ratio of 125.15% is within the typical range for the Retail REITs industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

SPG

129.03%

Retail REITs Industry

Max: 195.40%
Q3: 125.60%
Median: 85.02%
Q1: 51.07%
Min: 12.86%

SPG’s Dividend Payout Ratio of 129.03% is in the upper quartile for the Retail 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.

SKT vs. SPG: A comparison of their Dividend Payout Ratio (TTM) against the Retail REITs industry benchmark.

Dividend at a Glance

Symbol	SKT	SPG
Dividend Yield (TTM)	3.29%	4.46%
Dividend Payout Ratio (TTM)	125.15%	129.03%

Valuation

Price-to-Earnings Ratio (TTM)

SKT

38.06

Retail REITs Industry

Max: 42.04
Q3: 28.02
Median: 21.98
Q1: 15.79
Min: 6.89

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

SPG

28.96

Retail REITs Industry

Max: 42.04
Q3: 28.02
Median: 21.98
Q1: 15.79
Min: 6.89

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

SKT vs. SPG: A comparison of their Price-to-Earnings Ratio (TTM) against the Retail REITs industry benchmark.

Price-to-Sales Ratio (TTM)

SKT

6.97

Retail REITs Industry

Max: 13.05
Q3: 9.54
Median: 6.95
Q1: 5.59
Min: 3.06

SKT’s P/S Ratio of 6.97 aligns with the market consensus for the Retail REITs industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

SPG

10.15

Retail REITs Industry

Max: 13.05
Q3: 9.54
Median: 6.95
Q1: 5.59
Min: 3.06

SPG’s P/S Ratio of 10.15 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.

SKT vs. SPG: A comparison of their Price-to-Sales Ratio (TTM) against the Retail REITs industry benchmark.

Price-to-Book Ratio (MRQ)

SKT

5.45

Retail REITs Industry

Max: 2.70
Q3: 1.64
Median: 1.05
Q1: 0.91
Min: 0.58

At 5.45, SKT’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.

SPG

21.41

Retail REITs Industry

Max: 2.70
Q3: 1.64
Median: 1.05
Q1: 0.91
Min: 0.58

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.

SKT vs. SPG: A comparison of their Price-to-Book Ratio (MRQ) against the Retail REITs industry benchmark.

Valuation at a Glance

Symbol	SKT	SPG
Price-to-Earnings Ratio (TTM)	38.06	28.96
Price-to-Sales Ratio (TTM)	6.97	10.15
Price-to-Book Ratio (MRQ)	5.45	21.41
Price-to-Free Cash Flow Ratio (TTM)	38.15	19.50