Simon Property Group (SPG) vs. Welltower (WELL)
This page compares Simon Property Group (SPG) with Welltower (WELL) using historical performance, profitability, financial strength, growth, dividend, and valuation metrics.
Company Profile
Simon Property Group (SPG) and Welltower (WELL) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but SPG is classified in Retail REITs while WELL is classified in Health Care REITs.
Both Simon Property Group (SPG, REIT) and Welltower (WELL, 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 | SPG | WELL |
|---|---|---|
| Company Name | Simon Property Group, Inc. | Welltower 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 | Retail REITs | Health Care REITs |
| GICS Sub-Industry | Retail REITs | Health Care REITs |
| Market Capitalization | 77.86 billion USD | 152.48 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | December 14, 1993 | March 19, 1980 |
| Security Type | REIT | REIT |
Historical Performance
Historical Performance at a Glance
| Symbol | SPG | WELL |
|---|---|---|
| 5-Day Price Return | 2.44% | 1.06% |
| 13-Week Price Return | 2.59% | 3.85% |
| 26-Week Price Return | 11.60% | 13.05% |
| 52-Week Price Return | 29.59% | 45.66% |
| Month-to-Date Return | 0.58% | -0.61% |
| Year-to-Date Return | 10.69% | 16.38% |
| 10-Day Avg. Volume | 1.54M | 3.75M |
| 3-Month Avg. Volume | 1.60M | 3.18M |
| 3-Month Volatility | 20.64% | 22.44% |
| Beta | 1.37 | 0.82 |
Profitability
Return on Equity (TTM)
Simon Property Group (SPG) posts Return on Equity (TTM) of 126.27%, above its industry benchmark range, while Welltower (WELL) at 3.51% sits closer to the industry mid-range.
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%
WELL
Equity Real Estate Investment Trusts (REITs) industry group
3.51%
- 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 Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) or Welltower (WELL) in Equity Real Estate Investment Trusts (REITs) under our convention.
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%
WELL
Equity Real Estate Investment Trusts (REITs) industry group
11.96%
- 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 Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) or Welltower (WELL) in Equity Real Estate Investment Trusts (REITs) under our convention.
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%
WELL
Equity Real Estate Investment Trusts (REITs) industry group
3.33%
- Max
- 78.54%
- Q3
- 40.76%
- Median
- 25.94%
- Q1
- 14.42%
- Min
- -21.19%
Profitability at a Glance
| Symbol | SPG | WELL |
|---|---|---|
| Return on Equity (TTM) | 126.27% | 3.51% |
| Return on Assets (TTM) | 12.76% | 2.25% |
| Net Profit Margin (TTM) | 70.59% | 11.96% |
| Operating Profit Margin (TTM) | 48.28% | 3.33% |
| Gross Profit Margin (TTM) | 81.58% | 40.57% |
Financial Strength
Current Ratio (MRQ)
Welltower (WELL) at 1.67 carries Current Ratio (MRQ) above its industry mid-range, while Simon Property Group (SPG) at 0.34 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
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
WELL
Equity Real Estate Investment Trusts (REITs) industry group
1.67
- Max
- 2.89
- Q3
- 1.41
- Median
- 0.74
- Q1
- 0.34
- Min
- 0.00
Debt-to-Equity Ratio (MRQ)
Welltower (WELL) at 0.41 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.
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
WELL
Equity Real Estate Investment Trusts (REITs) industry group
0.41
- Max
- 3.10
- Q3
- 1.71
- Median
- 1.05
- Q1
- 0.76
- Min
- 0.14
Interest Coverage Ratio (TTM)
Welltower (WELL) reports a problematic Interest Coverage Ratio (TTM) of 0.29; operating income or EBIT does not fully cover interest expense, so the ratio points to interest-payment strain. Meanwhile Simon Property Group (SPG) reports 9.09, ranking against industry peers normally.
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
WELL
Equity Real Estate Investment Trusts (REITs) industry group
0.29
- Max
- 6.82
- Q3
- 3.66
- Median
- 2.50
- Q1
- 1.54
- Min
- -0.62
Financial Strength at a Glance
| Symbol | SPG | WELL |
|---|---|---|
| Current Ratio (MRQ) | 0.34 | 1.67 |
| Quick Ratio (MRQ) | 0.34 | 1.67 |
| Debt-to-Equity Ratio (MRQ) | 5.81 | 0.41 |
| Interest Coverage Ratio (TTM) | 9.09 | 0.29 |
Growth
Revenue Growth
Revenue Growth at a Glance
| Symbol | SPG | WELL |
|---|---|---|
| Revenue Growth (MRQ vs Prior YoY) | 19.29% | 38.33% |
| Revenue Growth (TTM vs Prior YoY) | 10.92% | 37.55% |
| 3-Year Revenue CAGR | 6.35% | 22.74% |
| 5-Year Revenue CAGR | 6.67% | 18.67% |
EPS Growth
EPS Growth at a Glance
| Symbol | SPG | WELL |
|---|---|---|
| EPS Growth (MRQ vs Prior YoY) | 16.36% | 154.26% |
| EPS Growth (TTM vs Prior YoY) | 85.12% | 15.68% |
| 3-Year EPS CAGR | 29.52% | 66.74% |
| 5-Year EPS CAGR | 31.52% | -9.79% |
Dividend
Dividend Yield (TTM)
Simon Property Group (SPG) at 4.23% reports Dividend Yield (TTM) around its industry mid-range, while Welltower (WELL) at 1.29% drops into the bottom quartile.
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%
WELL
Equity Real Estate Investment Trusts (REITs) industry group
1.29%
- 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 Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) or Welltower (WELL) in Equity Real Estate Investment Trusts (REITs) under our convention.
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%
WELL
Equity Real Estate Investment Trusts (REITs) industry group
139.68%
- Max
- 264.79%
- Q3
- 154.23%
- Median
- 110.31%
- Q1
- 77.71%
- Min
- 0.00%
Dividend at a Glance
| Symbol | SPG | WELL |
|---|---|---|
| Dividend Yield (TTM) | 4.23% | 1.29% |
| Dividend Payout Ratio (TTM) | 60.16% | 139.68% |
Valuation
Price-to-Earnings Ratio (TTM)
Price-to-Earnings Ratio (TTM) isn’t a meaningful figure for either Simon Property Group (SPG) in Equity Real Estate Investment Trusts (REITs) or Welltower (WELL) in Equity Real Estate Investment Trusts (REITs) under our convention.
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
WELL
Equity Real Estate Investment Trusts (REITs) industry group
108.03
- Max
- 62.52
- Q3
- 38.29
- Median
- 28.27
- Q1
- 21.86
- Min
- 1.10
Price-to-Sales Ratio (TTM)
Both Simon Property Group (SPG) at 10.03 and Welltower (WELL) at 12.92 trade in the higher-multiple quartile for Price-to-Sales Ratio (TTM) among industry peers, indicating higher trailing revenue multiples than typical peers.
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
WELL
Equity Real Estate Investment Trusts (REITs) industry group
12.92
- Max
- 15.33
- Q3
- 9.12
- Median
- 6.96
- Q1
- 3.47
- Min
- 0.75
Price-to-Book Ratio (MRQ)
Welltower (WELL) at 3.18 sits in the higher-multiple quartile for Price-to-Book Ratio (MRQ), but Simon Property Group (SPG) at 12.47 is higher still, above its industry benchmark range — both carry elevated book-value multiples relative to peers, with SPG higher.
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
WELL
Equity Real Estate Investment Trusts (REITs) industry group
3.18
- Max
- 3.43
- Q3
- 2.78
- Median
- 1.80
- Q1
- 1.32
- Min
- 0.22
Valuation at a Glance
| Symbol | SPG | WELL |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 14.21 | 108.03 |
| Price-to-Sales Ratio (TTM) | 10.03 | 12.92 |
| Price-to-Book Ratio (MRQ) | 12.47 | 3.18 |
| Price-to-Free Cash Flow Ratio (TTM) | 20.65 | 104.39 |