Prologis, Inc. (PLD) vs Simon Property Group, Inc. (SPG)
SPG leads on 14 of 17 compared metrics.
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 June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — PLD vs SPG
growth of $100 · last 29yPLD +546.7%SPG +614.2%SPG compounded faster
PLD SPG
PLD vs SPG: by the numbers
- •PLD is the larger company ($138.68B vs $71.03B market cap).
- •SPG trades at the lower earnings multiple (15.26 vs 37.56 P/E).
- •SPG converts more revenue to profit (70.40% vs 41.54% net margin).
- •PLD grew revenue faster over the past five years (14.19% vs 8.15% CAGR).
- •SPG pays the higher dividend yield (4.02% vs 2.76%).
Which is better, PLD or SPG?
Metric tally: PLD 3 · SPG 14It depends on what you're optimizing for:
ValueSPG(lower P/E)
GrowthPLD(faster 5Y revenue CAGR)
IncomeSPG(higher dividend yield)
QualitySPG(higher ROIC)
Valuation
| Metric | PLD | SPG |
|---|---|---|
| P/E ratio | 37.56 | 15.26● |
| Forward P/E | 40.57 | 31.77● |
| P/S ratio | 15.92 | 10.68● |
| P/B ratio | 2.66● | 14.61 |
| PEG ratio | 2.97 | 0.14● |
| EV / EBITDA | 22.86 | 12.90● |
| FCF yield | 3.50% | 4.60%● |
Profitability
| Metric | PLD | SPG |
|---|---|---|
| Gross margin | 43.37% | 85.24%● |
| Operating margin | 38.94% | 48.28%● |
| Net margin | 41.54% | 70.40%● |
| ROE | 6.95% | 96.34%● |
| ROIC | 3.60% | 8.55%● |
Dividends
| Metric | PLD | SPG |
|---|---|---|
| Dividend yield | 2.76% | 4.02%● |
| Payout ratio | 114.85% | 62.23% |
Growth (annualized)
| Metric | PLD | SPG |
|---|---|---|
| Revenue CAGR (5Y) | 14.19%● | 8.15% |
| EPS CAGR (5Y) | 12.63% | 31.55%● |
| FCF CAGR (5Y) | 10.15%● | 9.48% |
| Total return CAGR (5Y) | 6.58% | 16.57%● |
Frequently asked
- Which is better, PLD or SPG?
- It depends on your goal. value: SPG (lower P/E); growth: PLD (faster 5Y revenue CAGR); income: SPG (higher dividend yield); quality: SPG (higher ROIC). Across all compared metrics, SPG leads 14 to 3.
- Is PLD or SPG cheaper?
- On trailing earnings, SPG is cheaper: PLD trades at a 37.56 P/E and SPG at 15.26.
- Which has grown faster, PLD or SPG?
- Over the past five years, PLD grew revenue faster — PLD at a 14.19% CAGR versus SPG at 8.15%.
- Does PLD or SPG pay a bigger dividend?
- PLD yields 2.76% and SPG yields 4.02% based on trailing dividends and the latest price.
- Is PLD or SPG more profitable?
- SPG runs the higher net margin — PLD at 41.54% versus SPG at 70.40%.
- Which has been the better investment, PLD or SPG?
- Over the past 10-year, PLD delivered the higher annualized total return — PLD at 14.65% versus SPG at 6.24%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Prologis P/E ratioSimon Property P/E ratioPrologis dividend yieldSimon Property dividend yieldPrologis ROESimon Property ROEPrologis operating marginSimon Property operating marginPrologis revenue growthSimon Property revenue growthPrologis free cash flowSimon Property free cash flow
Prologis & 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 June 13, 2026.