Which has the lower trailing P/E, O or SPG?

SPG has the lower trailing P/E: O trades at 53.69 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, O or SPG?

Over the past five years, O grew revenue faster — O at a 28.65% CAGR versus SPG at 8.15%.

Does O or SPG pay a bigger dividend?

O yields 4.95% and SPG yields 3.80% based on trailing dividends and the latest price.

Is O or SPG more profitable?

SPG runs the higher net margin — O at 18.94% versus SPG at 70.40%.

How have O and SPG total returns compared?

Over the past 10 years, O delivered 4.59% and SPG delivered 5.85% annualized total return. Past performance doesn't predict future results.

Realty Income Corporation (O) vs Simon Property Group, Inc. (SPG)

A side-by-side comparison of Realty Income Corporation 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.

Realty Income Corporation

$61.29B

$65.73Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT

SPG

Simon Property Group, Inc.

$76.76B

$236.70Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT

Total return — O vs SPG

growth of $100 · dividends reinvested · last 30y

O +3553.6%SPG +4308.4%SPG compounded faster

O SPG

O vs SPG: by the numbers

•SPG is the larger company ($76.76B vs $61.29B market cap).
•SPG trades at the lower trailing earnings multiple (16.14 vs 53.69 P/E), one valuation lens rather than an overall verdict.
•SPG converts more revenue to profit (70.40% vs 18.94% net margin).
•O grew revenue faster over the past five years (28.65% vs 8.15% CAGR).
•O pays the higher dividend yield (4.95% vs 3.80%).

Metrics side by side

Valuation

Metric	O	SPG
P/E ratio	53.69	16.14
Forward P/E	42.36	34.57
P/S ratio	10.01	11.29
P/B ratio	1.51	15.45
PEG ratio	2.49	0.14
EV / EBITDA	21.08	21.58

Profitability

Metric	O	SPG
Gross margin	89.80%	85.24%
Operating margin	29.27%	48.28%
Net margin	18.94%	70.40%
ROE	2.86%	96.34%
ROIC	2.45%	9.60%

Dividends

Metric	O	SPG
Dividend yield	4.95%	3.80%
Payout ratio	276.84%	62.23%

Growth (annualized)

Metric	O	SPG
Revenue CAGR (5Y)	28.65%	8.15%
EPS CAGR (5Y)	0.35%	31.55%
Total return CAGR (5Y)	4.31%	19.74%

Frequently asked

Which has the lower trailing P/E, O or SPG?: SPG has the lower trailing P/E: O trades at 53.69 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, O or SPG?: Over the past five years, O grew revenue faster — O at a 28.65% CAGR versus SPG at 8.15%.
Does O or SPG pay a bigger dividend?: O yields 4.95% and SPG yields 3.80% based on trailing dividends and the latest price.
Is O or SPG more profitable?: SPG runs the higher net margin — O at 18.94% versus SPG at 70.40%.
How have O and SPG total returns compared?: Over the past 10 years, O delivered 4.59% and SPG delivered 5.85% annualized total return. Past performance doesn't predict future results.

Go deeper

Full O analysis Full SPG analysis Interactive comparison tool

Dig into the metrics

Realty Income P/E ratio Simon Property P/E ratio Realty Income dividend yield Simon Property dividend yield Realty Income ROE Simon Property ROE Realty Income operating margin Simon Property operating margin Realty Income revenue growth Simon Property revenue growth Realty Income free cash flow Simon Property free cash flow

Realty Income & Simon Property appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Fastest Revenue Growth Stocks Highest ROE 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 July 28, 2026.