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 ($75.4B against $62.1B).
On earnings, Simon Property is cheaper: it trades at 16.8× trailing earnings, against 34.8× for Public Storage.
Simon Property grew revenue faster over the last twelve months (16.2% versus 5.2% for Public Storage).
Both pay dividends: Public Storage yields 3.6% and Simon Property 3.8%.
Public Storage scores higher on the StockData Score (9 against 7 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 | $62.1B | $75.4B |
| Share price | $332.59 | $232.97 |
| Change, 1 year | 20.9% | 26.7% |
| Change, 5 years | 0.26% | 39.7% |
| Beta (5Y) | 0.72 | 0.92 |
| Employees | 5,770 | 3,600 |
| StockData Score | ||
| Total score | 9 (better) | 7 |
| Valuation score | 0 | 2 (better) |
| Growth score | 2 | 3 (better) |
| Performance score | 4 (better) | 1 |
| Health score | 2 (better) | 0 |
| Dividend score | 1 | 1 |
| Valuation | ||
| P/E | 34.8× | 16.8× (better) |
| P/S | 12.3× | 10.5× (better) |
| P/B | 4.3× (better) | 18.5× |
| EV/EBITDA | 17.7× | 14.8× (better) |
| P/FCF | – | 22.5× |
| PEG | – | 0.57 |
| FCF yield | – | 4.5% |
| Fair value | $242.52 | $212.00 |
| Margin of safety | −37.1% | −9.9% (better) |
| Growth | ||
| Revenue growth (TTM) | 5.2% | 16.2% (better) |
| Revenue growth, 5Y average | 10.6% (better) | 6.7% |
| Net income growth (TTM) | 0.44% | – |
| EPS growth (TTM) | −0.83% | 102% (better) |
| EPS growth, 5Y average | 7.5% | 31.6% (better) |
| Profitability | ||
| Operating margin | – | 45.9% |
| Net margin | 37.8% | – |
| FCF margin | – | 46.9% |
| Return on equity | 16.0% | – |
| Return on invested capital | – | 120% |
| Financial health | ||
| Debt / equity | 0.01 | – |
| Net debt / EBITDA | −0.10 | – |
| Interest coverage | – | 2.9× |
| Altman Z-score | 2.80 (better) | 1.61 |
| Piotroski F-score | 6 | – |
| Dividends and buybacks | ||
| Dividend yield | 3.6% | 3.8% (better) |
| Years of dividend growth | 0 | 4 (better) |
| Dividend growth, 5Y average | 8.4% (better) | 7.3% |
| Shareholder yield | 3.6% | 3.8% (better) |
| Ownership | ||
| Held by institutions | 81.8% | 93.5% |
| Held by insiders | 9.4% | 4.0% |
| Insider net buying, 12 months | −$772K | −$94.1K (better) |
| Superinvestors holding | 1 | 1 |
| Short interest, % of float | 4.2% | 3.3% |
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.