Prologis vs Simon Property (PLD vs SPG)
Prologis (PLD) vs Simon Property (SPG) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
Prologis (PLD) and Simon Property (SPG) compete in real estate. Here are Prologis and Simon Property side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Prologis or Simon Property.
Prologis vs Simon Property: the figures
| Figure | Prologis | Simon Property |
|---|---|---|
| Share price | $131.36 (November 4, 2026) | $228.50 (November 4, 2026) |
| Market cap | $127.7 billion | $86.7 billion |
| P/E (TTM) | 28.9x | 16.1x |
| Forward P/E | 36.5x | 33.7x |
| Revenue growth (quarter) | +10.2% | +19.5% |
| Net margin (TTM) | 43.1% | 66.6% |
| Net debt / EBITDA | 5.1x | 5.5x |
| Dividend yield | 3.32% | 4.01% |
| Beta | 1.29 | 1.31 |
Prologis and Simon Property figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Prologis or Simon Property figure is not available, and we never estimate it.
3 key differences between Prologis and Simon Property
- Profitability: for every 100 of sales, Simon Property keeps 66.6 as net profit and Prologis keeps 43.1.
- Valuation: Prologis trades at 28.9x its annual earnings and Simon Property at 16.1x; the market pays more for each dollar of Prologis profit, usually because it expects more growth.
- Growth: Simon Property grew sales +19.5% year on year in its latest quarter, against +10.2% for Prologis.
Prologis or Simon Property: which fits your profile
- If you want growth: Simon Property is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you want income (dividends): Simon Property pays the higher dividend relative to its price.
- If you prefer caution: Prologis has less debt relative to its profit, which usually gives more room in a bad year.
- If price is what matters most to you: Simon Property trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither Prologis nor Simon Property wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How Prologis and Simon Property make money
Prologis (PLD)
Prologis is a REIT that owns and leases logistics warehouses near major cities in the Americas, Europe and Asia. Its Real Estate segment, collecting rent from tenants such as Amazon, logistics firms and retailers, generates most revenue, while Strategic Capital earns fees for managing property funds on behalf of other investors. Full Prologis analysis.
Simon Property (SPG)
Simon Property Group is a U.S. REIT that owns shopping malls, Premium Outlets and The Mills centers. It earns most of its money from rent paid by retailers and restaurants, plus some revenue tied to tenant sales. It operates mainly in the United States, with interests in Asia, Europe and Taubman Realty. Full Simon Property analysis.
Frequently asked questions: Prologis vs Simon Property
Is Prologis or Simon Property the better stock?
Choosing between Prologis and Simon Property depends on what you are looking for. Simon Property is growing faster right now, and Simon Property trades on the lower P/E. Fintols does not tell you whether to buy Prologis or Simon Property: it shows you the differences so you can decide.
Which pays a higher dividend, Prologis or Simon Property?
As of November 4, 2026, Simon Property yields 4.01% and Prologis yields 3.32%. Also check how much of their profit Prologis and Simon Property pay out: if it is more than they earn, it cannot last.
Which is more expensive, Prologis or Simon Property?
On P/E, Prologis (28.9x) is more expensive than Simon Property (16.1x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both Prologis and Simon Property?
Yes. Many people spread their money across several companies, such as Prologis and Simon Property, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Prologis or Simon Property.
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More companies like Prologis and Simon Property: real estate stocks. Educational content about Prologis and Simon Property, not investment advice.