BlackRock Floating Rate Income Trust (BGT) vs Simon Property Group, Inc. (SPG)
A side-by-side comparison of BlackRock Floating Rate Income Trust and Simon Property Group, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
Different business models: BGT is classified in Financial Services; SPG is classified in Real Estate. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
BGT
BlackRock Floating Rate Income Trust
$10.80Financial ServicesDelayed quote: Jul 28, 2026, 4:00 PM EDT
SPG
Simon Property Group, Inc.
$236.70Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — BGT vs SPG
growth of $100 · dividends reinvested · last 22yBGT +192.7%SPG +981.0%SPG compounded faster
BGT SPG
BGT vs SPG: by the numbers
- •SPG is the larger company ($76.76B vs $322M market cap).
- •BGT trades at the lower trailing earnings multiple (9.96 vs 16.14 P/E), one valuation lens rather than an overall verdict.
- •BGT converts more revenue to profit (71.60% vs 70.40% net margin).
- •BGT grew revenue faster over the past five years (9.30% vs 8.15% CAGR).
- •BGT pays the higher dividend yield (13.29% vs 3.80%).
Metrics side by side
Valuation
| Metric | BGT | SPG |
|---|---|---|
| P/E ratio | 9.96 | 16.14 |
| Forward P/E | N/A | 34.57 |
| P/S ratio | 7.59 | 11.29 |
| P/B ratio | 0.82 | 15.45 |
| PEG ratio | 0.23 | 0.14 |
| EV / EBITDA | N/A | 21.58 |
Profitability
| Metric | BGT | SPG |
|---|---|---|
| Gross margin | 84.12% | 85.24% |
| Operating margin | 87.84% | 48.28% |
| Net margin | 71.60% | 70.40% |
| ROE | 7.75% | 96.34% |
| ROIC | 4.57% | 9.60% |
Dividends
| Metric | BGT | SPG |
|---|---|---|
| Dividend yield | 13.29% | 3.80% |
| Payout ratio | 197.72% | 62.23% |
Growth (annualized)
| Metric | BGT | SPG |
|---|---|---|
| Revenue CAGR (5Y) | 9.30% | 8.15% |
| EPS CAGR (5Y) | 43.50% | 31.55% |
| Total return CAGR (5Y) | 6.85% | 19.74% |
Frequently asked
- Which has the lower trailing P/E, BGT or SPG?
- BGT has the lower trailing P/E: BGT trades at 9.96 and SPG at 16.14. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, BGT or SPG?
- Over the past five years, BGT grew revenue faster — BGT at a 9.30% CAGR versus SPG at 8.15%.
- Does BGT or SPG pay a bigger dividend?
- BGT yields 13.29% and SPG yields 3.80% based on trailing dividends and the latest price.
- Is BGT or SPG more profitable?
- BGT runs the higher net margin — BGT at 71.60% versus SPG at 70.40%.
- How have BGT and SPG total returns compared?
- Over the past 10 years, BGT delivered 6.56% and SPG delivered 5.85% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
BlackRock Floating Rate Income P/E ratioSimon Property P/E ratioBlackRock Floating Rate Income dividend yieldSimon Property dividend yieldBlackRock Floating Rate Income ROESimon Property ROEBlackRock Floating Rate Income operating marginSimon Property operating marginBlackRock Floating Rate Income revenue growthSimon Property revenue growthBlackRock Floating Rate Income free cash flowSimon Property free cash flow
BlackRock Floating Rate Income & 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 July 28, 2026.