Is PSA or SPG cheaper?

On trailing earnings, SPG is cheaper: PSA trades at a 33.64 P/E and SPG at 15.26.

Which has grown faster, PSA or SPG?

Over the past five years, PSA grew revenue faster — PSA at a 10.32% CAGR versus SPG at 8.15%.

Does PSA or SPG pay a bigger dividend?

PSA yields 2.76% and SPG yields 4.02% based on trailing dividends and the latest price.

Is PSA or SPG more profitable?

SPG runs the higher net margin — PSA at 39.16% versus SPG at 70.40%.

Which has been the better investment, PSA or SPG?

Over the past 10-year, PSA delivered the higher annualized total return — PSA at 6.79% versus SPG at 6.24%. Past performance doesn't predict future results.

Public Storage (PSA) vs Simon Property Group, Inc. (SPG)

SPG leads on 11 of 16 compared metrics.

A side-by-side comparison of Public Storage 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).

Simon Property Group, Inc.

$71.03B

$219.04Real Estate

Total return — PSA vs SPG

growth of $100 · last 30y

PSA +1479.9%SPG +860.7%PSA compounded faster

PSA SPG

PSA vs SPG: by the numbers

•SPG is the larger company ($71.03B vs $57.22B market cap).
•SPG trades at the lower earnings multiple (15.26 vs 33.64 P/E).
•SPG converts more revenue to profit (70.40% vs 39.16% net margin).
•PSA grew revenue faster over the past five years (10.32% vs 8.15% CAGR).
•SPG pays the higher dividend yield (4.02% vs 2.76%).

Which is better, PSA or SPG?

Metric tally: PSA 5 · SPG 11

It depends on what you're optimizing for:

ValueSPG(lower P/E)

GrowthPSA(faster 5Y revenue CAGR)

IncomeSPG(higher dividend yield)

QualityPSA(higher ROIC)

Valuation

Metric	PSA	SPG
P/E ratio	33.64	15.26●
Forward P/E	32.82	31.77●
P/S ratio	11.80	10.68●
P/B ratio	6.22●	14.61
PEG ratio	4.47	0.14●
EV / EBITDA	20.76	12.90●
FCF yield	5.34%●	4.60%

Profitability

Metric	PSA	SPG
Gross margin	60.63%	85.24%●
Operating margin	50.85%●	48.28%
Net margin	39.16%	70.40%●
ROE	20.63%	96.34%●
ROIC	11.50%●	8.55%

Dividends

Metric	PSA	SPG
Dividend yield	2.76%	4.02%●
Payout ratio	99.56%	62.23%

Growth (annualized)

Metric	PSA	SPG
Revenue CAGR (5Y)	10.32%●	8.15%
EPS CAGR (5Y)	7.52%	31.55%●
FCF CAGR (5Y)	9.58%	9.48%
Total return CAGR (5Y)	5.63%	16.57%●

Frequently asked

Which is better, PSA or SPG?: It depends on your goal. value: SPG (lower P/E); growth: PSA (faster 5Y revenue CAGR); income: SPG (higher dividend yield); quality: PSA (higher ROIC). Across all compared metrics, SPG leads 11 to 5.
Is PSA or SPG cheaper?: On trailing earnings, SPG is cheaper: PSA trades at a 33.64 P/E and SPG at 15.26.
Which has grown faster, PSA or SPG?: Over the past five years, PSA grew revenue faster — PSA at a 10.32% CAGR versus SPG at 8.15%.
Does PSA or SPG pay a bigger dividend?: PSA yields 2.76% and SPG yields 4.02% based on trailing dividends and the latest price.
Is PSA or SPG more profitable?: SPG runs the higher net margin — PSA at 39.16% versus SPG at 70.40%.
Which has been the better investment, PSA or SPG?: Over the past 10-year, PSA delivered the higher annualized total return — PSA at 6.79% versus SPG at 6.24%. Past performance doesn't predict future results.

Go deeper

Full PSA analysis Full SPG analysis Interactive comparison tool

Dig into the metrics

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

Public Storage & Simon Property appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest Operating Margin Stocks Highest FCF Yield 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 June 13, 2026.