American Tower Corporation (AMT) vs Simon Property Group, Inc. (SPG)
SPG leads on 15 of 17 compared metrics.
A side-by-side comparison of American Tower Corporation and Simon Property Group, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
AMT
American Tower Corporation
$187.18Real Estate
SPG
Simon Property Group, Inc.
$219.04Real Estate
Not enough overlapping price history to compare AMT and SPG.
AMT vs SPG: by the numbers
- •AMT is the larger company ($87.21B vs $71.03B market cap).
- •SPG trades at the lower earnings multiple (15.26 vs 30.24 P/E).
- •SPG converts more revenue to profit (70.40% vs 26.60% net margin).
- •SPG grew revenue faster over the past five years (8.15% vs 5.68% CAGR).
- •SPG pays the higher dividend yield (4.02% vs 2.77%).
Which is better, AMT or SPG?
Metric tally: AMT 2 · SPG 15It depends on what you're optimizing for:
ValueSPG(lower P/E)
GrowthSPG(faster 5Y revenue CAGR)
IncomeSPG(higher dividend yield)
QualitySPG(higher ROIC)
Valuation
| Metric | AMT | SPG |
|---|---|---|
| P/E ratio | 30.24 | 15.26● |
| Forward P/E | 27.63● | 31.77 |
| P/S ratio | 8.08● | 10.68 |
| P/B ratio | 23.92 | 14.61● |
| PEG ratio | 2.76 | 0.14● |
| EV / EBITDA | 19.11 | 12.90● |
| FCF yield | 4.32% | 4.60%● |
Profitability
| Metric | AMT | SPG |
|---|---|---|
| Gross margin | 73.37% | 85.24%● |
| Operating margin | 44.24% | 48.28%● |
| Net margin | 26.60% | 70.40%● |
| ROE | 78.79% | 96.34%● |
| ROIC | 6.67% | 8.55%● |
Dividends
| Metric | AMT | SPG |
|---|---|---|
| Dividend yield | 2.77% | 4.02%● |
| Payout ratio | 96.11% | 62.23% |
Growth (annualized)
| Metric | AMT | SPG |
|---|---|---|
| Revenue CAGR (5Y) | 5.68% | 8.15%● |
| EPS CAGR (5Y) | 7.23% | 31.55%● |
| FCF CAGR (5Y) | 4.46% | 9.48%● |
| Total return CAGR (5Y) | -4.09% | 16.57%● |
Frequently asked
- Which is better, AMT or SPG?
- It depends on your goal. value: SPG (lower P/E); growth: SPG (faster 5Y revenue CAGR); income: SPG (higher dividend yield); quality: SPG (higher ROIC). Across all compared metrics, SPG leads 15 to 2.
- Is AMT or SPG cheaper?
- On trailing earnings, SPG is cheaper: AMT trades at a 30.24 P/E and SPG at 15.26.
- Which has grown faster, AMT or SPG?
- Over the past five years, SPG grew revenue faster — AMT at a 5.68% CAGR versus SPG at 8.15%.
- Does AMT or SPG pay a bigger dividend?
- AMT yields 2.77% and SPG yields 4.02% based on trailing dividends and the latest price.
- Is AMT or SPG more profitable?
- SPG runs the higher net margin — AMT at 26.60% versus SPG at 70.40%.
- Which has been the better investment, AMT or SPG?
- Over the past 10-year, AMT delivered the higher annualized total return — AMT at 8.24% versus SPG at 6.24%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
American Tower P/E ratioSimon Property P/E ratioAmerican Tower dividend yieldSimon Property dividend yieldAmerican Tower ROESimon Property ROEAmerican Tower operating marginSimon Property operating marginAmerican Tower revenue growthSimon Property revenue growthAmerican Tower free cash flowSimon Property free cash flow
American Tower & Simon Property appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.