Public Storage vs Simon Property
PSA and SPG side by side, both in miscellaneous investing. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How PSA and SPG compare
Simon Property is the larger company, worth 1.2 times as much as Public Storage ($70.5B against $57.0B).
On earnings, Simon Property is cheaper: it trades at 15.4× trailing earnings, against 31.0× for Public Storage.
Simon Property grew revenue faster over the last twelve months (15.0% versus 3.0% for Public Storage).
Both pay dividends: Public Storage yields 3.7% and Simon Property 4.1%.
Public Storage scores higher on the StockData Score (12 against 8 for Simon Property), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | PSA | SPG |
|---|---|---|
| Size and price | ||
| Market cap | $57.0B | $70.5B |
| Share price | $324.77 | $217.75 |
| Change, 1 year | 12.3% | 25.4% |
| Change, 5 years | 0.59% | 27.7% |
| Beta (5Y) | 0.74 | 0.94 |
| Employees | 5,770 | 3,600 |
| StockData Score | ||
| Total score | 12 (better) | 8 |
| Valuation score | 0 | 2 (better) |
| Growth score | 2 | 3 (better) |
| Performance score | 4 (better) | 1 |
| Health score | 5 (better) | 0 |
| Dividend score | 1 | 2 (better) |
| Valuation | ||
| P/E | 31.0× | 15.4× (better) |
| P/S | 11.7× | 10.2× (better) |
| P/B | 6.2× (better) | 15.9× |
| EV/EBITDA | 16.1× | 14.2× (better) |
| P/FCF | – | 21.9× |
| PEG | – | 0.52 |
| FCF yield | – | 4.6% |
| Fair value | $252.73 | $214.00 |
| Margin of safety | −28.5% | −1.7% (better) |
| Growth | ||
| Revenue growth (TTM) | 3.0% | 15.0% (better) |
| Revenue growth, 5Y average | 10.6% (better) | 6.7% |
| Net income growth (TTM) | 12.9% | – |
| EPS growth (TTM) | 14.3% | 119% (better) |
| EPS growth, 5Y average | 7.5% | 31.6% (better) |
| Profitability | ||
| Operating margin | – | 47.4% |
| Net margin | 41.8% | – |
| FCF margin | – | 46.4% |
| Return on equity | 22.0% | – |
| Return on invested capital | – | 112% |
| Financial health | ||
| Debt / equity | 0.00 | – |
| Net debt / EBITDA | −0.07 | – |
| Interest coverage | – | 3.1× |
| Altman Z-score | 3.31 (better) | 1.52 |
| Piotroski F-score | 6 | – |
| Dividends and buybacks | ||
| Dividend yield | 3.7% | 4.1% (better) |
| Years of dividend growth | 0 | 4 (better) |
| Dividend growth, 5Y average | 8.4% (better) | 7.3% |
| Shareholder yield | 3.7% | 4.1% (better) |
| Ownership | ||
| Held by institutions | 87.1% | 93.5% |
| Held by insiders | 10.0% | 4.0% |
| Insider net buying, 12 months | −$772K | −$448K (better) |
| Superinvestors holding | 1 | 1 |
| Short interest, % of float | 4.2% | 3.2% |
Go deeper
- PSA stock overview
- PSA income statement
- PSA valuation and score
- SPG stock overview
- SPG income statement
- SPG valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.