AvalonBay Communities, Inc. (AVB) vs Simon Property Group, Inc. (SPG)

SPG leads on 13 of 15 compared metrics.

A side-by-side comparison of AvalonBay Communities, Inc. and Simon Property Group, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

AvalonBay Communities, Inc. logo
AVB
AvalonBay Communities, Inc.
$26.53B
$187.03Real Estate
Simon Property Group, Inc. logo
SPG
Simon Property Group, Inc.
$71.03B
$219.04Real Estate

Total return — AVB vs SPG

growth of $100 · last 30y
AVB +633.5%SPG +860.7%SPG compounded faster
2004006008001kStart $100200120062011201620212026$733$961
AVB SPG

AVB vs SPG: by the numbers

  • •SPG is the larger company ($71.03B vs $26.53B market cap).
  • •SPG trades at the lower earnings multiple (15.26 vs 23.26 P/E).
  • •SPG converts more revenue to profit (70.40% vs 37.27% net margin).
  • •SPG grew revenue faster over the past five years (8.15% vs 6.36% CAGR).
  • •SPG pays the higher dividend yield (4.02% vs 3.76%).

Which is better, AVB or SPG?

Metric tally: AVB 2 · SPG 13

It depends on what you're optimizing for:

ValueSPG(lower P/E)
GrowthSPG(faster 5Y revenue CAGR)
IncomeSPG(higher dividend yield)
QualitySPG(higher ROIC)

Valuation

MetricAVBSPG
P/E ratio23.2615.26●
Forward P/E34.1531.77●
P/S ratio8.60●10.68
P/B ratio2.29●14.61
PEG ratio4.980.14●
EV / EBITDA17.8612.90●

Profitability

MetricAVBSPG
Gross margin67.92%85.24%●
Operating margin29.15%48.28%●
Net margin37.27%70.40%●
ROE9.94%96.34%●
ROIC4.28%8.55%●

Dividends

MetricAVBSPG
Dividend yield3.76%4.02%●
Payout ratio95.00%62.23%

Growth (annualized)

MetricAVBSPG
Revenue CAGR (5Y)6.36%8.15%●
EPS CAGR (5Y)4.67%31.55%●
Total return CAGR (5Y)0.64%16.57%●

Frequently asked

Which is better, AVB 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 13 to 2.
Is AVB or SPG cheaper?
On trailing earnings, SPG is cheaper: AVB trades at a 23.26 P/E and SPG at 15.26.
Which has grown faster, AVB or SPG?
Over the past five years, SPG grew revenue faster — AVB at a 6.36% CAGR versus SPG at 8.15%.
Does AVB or SPG pay a bigger dividend?
AVB yields 3.76% and SPG yields 4.02% based on trailing dividends and the latest price.
Is AVB or SPG more profitable?
SPG runs the higher net margin — AVB at 37.27% versus SPG at 70.40%.
Which has been the better investment, AVB or SPG?
Over the past 10-year, SPG delivered the higher annualized total return — AVB at 4.41% versus SPG at 6.24%. Past performance doesn't predict future results.

Go deeper

Full AVB analysisFull SPG analysisInteractive comparison tool

Dig into the metrics

AvalonBay Communities P/E ratioSimon Property P/E ratioAvalonBay Communities dividend yieldSimon Property dividend yieldAvalonBay Communities ROESimon Property ROEAvalonBay Communities operating marginSimon Property operating marginAvalonBay Communities revenue growthSimon Property revenue growthAvalonBay Communities free cash flowSimon Property free cash flow

AvalonBay Communities & Simon Property appear in these rankings

Highest Dividend Yield StocksHighest ROE StocksHighest Operating Margin StocksHighest FCF Yield Stocks

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 14, 2026.