O vs SPG
Realty Income (O) and Simon Property (SPG) compared side by side. Simon Property (SPG) is larger, with a market cap of $80.3B versus $53.8B for Realty Income, about 1.5 times the size. On trailing earnings, SPG is cheaper at 14.9x versus 41.2x for O.
Head to head
| Metric | O | SPG |
|---|---|---|
| Market cap | $53.8B | $80.3B |
| P/E (TTM) | 41.2x | 14.9x |
| Forward P/E | 36.6x | 31.2x |
| Revenue (TTM) | $6.1B | $6.9B |
| Revenue growth | 9.6% | 19.5% |
| Gross margin | 92.7% | 81.4% |
| Operating margin | 47.0% | 46.0% |
| Free cash flow | $4.2B | $3.2B |
| Dividend yield | 5.73% | 4.21% |
| 1-year return | -0.3% | +23.9% |
| 5-year return (annual) | +1.2% | +13.7% |
| Max drawdown | -48% | -77% |
| FI Handbook grade | C | C+ |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
O vs SPG FAQ
Which is bigger, O or SPG?
Simon Property (SPG) is larger, with a market cap of $80.3B versus $53.8B for Realty Income, about 1.5 times the size.
Is O or SPG cheaper?
On trailing earnings, SPG is cheaper at 14.9x versus 41.2x for O. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, O or SPG?
SPG returned +23.9% over the past year including dividends, versus -0.3% for O, through October 23, 2026.
Which pays a higher dividend, O or SPG?
O yields 5.73% versus 4.21% for SPG.
Full pages: Realty Income · Simon Property