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.
PLD
Prologis, Inc.
$147.12Real EstateDelayed 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 — PLD vs SPG
growth of $100 · dividends reinvested · last 29yPLD +1892.7%SPG +3180.5%SPG compounded faster
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
| Metric | PLD | SPG |
|---|---|---|
| P/E ratio | 32.80 | 16.14 |
| Forward P/E | 40.42 | 34.57 |
| P/S ratio | 15.35 | 11.29 |
| P/B ratio | 2.64 | 15.45 |
| PEG ratio | 2.60 | 0.14 |
| EV / EBITDA | 27.65 | 21.58 |
Profitability
| Metric | PLD | SPG |
|---|---|---|
| Gross margin | 59.60% | 85.24% |
| Operating margin | 38.43% | 48.28% |
| Net margin | 45.79% | 70.40% |
| ROE | 7.87% | 96.34% |
| ROIC | 3.80% | 9.60% |
Dividends
| Metric | PLD | SPG |
|---|---|---|
| Dividend yield | 2.82% | 3.80% |
| Payout ratio | 116.53% | 62.23% |
Growth (annualized)
| Metric | PLD | SPG |
|---|---|---|
| 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.
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 July 28, 2026.