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 September 10, 2026. Differences are shown without an overall score or investment verdict.
Total return — BGT vs SPG
growth of $100 · dividends reinvested · last 10yBGT vs SPG: by the numbers
- •SPG is the larger company ($66.42B vs $328M market cap).
- •BGT converts more revenue to profit (73.11% vs 66.39% net margin).
- •SPG grew revenue faster over the past five years (8.17% vs 1.46% CAGR).
- •BGT pays the higher dividend yield (13.17% vs 4.35%).
Metrics side by side
Valuation
| Metric | BGT | SPG |
|---|---|---|
| P/E ratio | N/A | 14.49 |
| Forward P/E | N/A | 30.81 |
| P/S ratio | N/A | 9.57 |
| P/B ratio | 0.99 | 14.98 |
| EV / EBITDA | N/A | 18.94 |
| FCF yield | N/A | 4.89% |
For REITs like Simon Property Group, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | BGT | SPG |
|---|---|---|
| Gross margin | 84.12% | 84.58% |
| Operating margin | 90.60% | 47.40% |
| Net margin | 73.11% | 66.39% |
| ROE | 7.53% | 103.91% |
| ROIC | N/A | 8.68% |
Dividends
| Metric | BGT | SPG |
|---|---|---|
| Dividend yield | 13.17% | 4.35% |
| Payout ratio | N/A | 62.94% |
Simon Property Group, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | BGT | SPG |
|---|---|---|
| Revenue CAGR (5Y) | 1.46% | 8.17% |
| EPS CAGR (5Y) | 43.50% | 31.55% |
| FCF CAGR (5Y) | N/A | 1.52% |
| Total return CAGR (5Y) | 6.66% | 15.37% |
Frequently asked
- Which has grown faster, BGT or SPG?
- Over the past five years, SPG grew revenue faster — BGT at a 1.46% CAGR versus SPG at 8.17%.
- Does BGT or SPG pay a bigger dividend?
- BGT yields 13.17% and SPG yields 4.35% based on trailing dividends and the latest price.
- Is BGT or SPG more profitable?
- BGT runs the higher net margin — BGT at 73.11% versus SPG at 66.39%.
- How have BGT and SPG total returns compared?
- Over the past 10 years, BGT delivered 6.61% and SPG delivered 5.06% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
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 September 10, 2026.