Prologis, Inc. (PLD) vs Simon Property Group, Inc. (SPG)

A side-by-side comparison of Prologis, Inc. 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.

Compare

Total returnPLD vs SPG

growth of $100 · dividends reinvested · last 29y
PLD +1892.7%SPG +3180.5%SPG compounded faster
01k2k3kStart $10020022007201220172022$1,993$3,281
PLD SPG

PLD vs SPG: by the numbers

  • PLD is the larger company ($137.17B vs $76.76B market cap).
  • SPG trades at the lower trailing earnings multiple (16.14 vs 32.80 P/E), one valuation lens rather than an overall verdict.
  • SPG converts more revenue to profit (70.40% vs 45.79% net margin).
  • PLD grew revenue faster over the past five years (15.39% vs 8.15% CAGR).
  • SPG pays the higher dividend yield (3.80% vs 2.82%).

Metrics side by side

Valuation

MetricPLDSPG
P/E ratio32.8016.14
Forward P/E40.4234.57
P/S ratio15.3511.29
P/B ratio2.6415.45
PEG ratio2.600.14
EV / EBITDA27.6521.58

Profitability

MetricPLDSPG
Gross margin59.60%85.24%
Operating margin38.43%48.28%
Net margin45.79%70.40%
ROE7.87%96.34%
ROIC3.80%9.60%

Dividends

MetricPLDSPG
Dividend yield2.82%3.80%
Payout ratio116.53%62.23%

Growth (annualized)

MetricPLDSPG
Revenue CAGR (5Y)15.39%8.15%
EPS CAGR (5Y)12.63%31.55%
Total return CAGR (5Y)6.10%19.74%

Frequently asked

Which has the lower trailing P/E, PLD or SPG?
SPG has the lower trailing P/E: PLD trades at 32.80 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, PLD or SPG?
Over the past five years, PLD grew revenue faster — PLD at a 15.39% CAGR versus SPG at 8.15%.
Does PLD or SPG pay a bigger dividend?
PLD yields 2.82% and SPG yields 3.80% based on trailing dividends and the latest price.
Is PLD or SPG more profitable?
SPG runs the higher net margin — PLD at 45.79% versus SPG at 70.40%.
How have PLD and SPG total returns compared?
Over the past 10 years, PLD delivered 13.90% and SPG delivered 5.85% annualized total return. Past performance doesn't predict future results.

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.