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BPYPO vs SPG
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Retail
BPYPO vs SPG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Real Estate - Services | REIT - Retail |
| Market Cap | $5.38B | $66.84B |
| Revenue (TTM) | $7.20B | $6.36B |
| Net Income (TTM) | $-350M | $4.61B |
| Gross Margin | 54.3% | 85.7% |
| Operating Margin | 37.2% | 49.9% |
| Forward P/E | 6.6x | 30.9x |
| Total Debt | $54.28B | $29.94B |
| Cash & Equiv. | $2.21B | $823M |
BPYPO vs SPG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Brookfield Property… (BPYPO) | 100 | 76.6 | -23.4% |
| Simon Property Grou… (SPG) | 100 | 356.2 | +256.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BPYPO vs SPG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BPYPO is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.20, yield 9.2%
- Lower volatility, beta 0.20, current ratio 0.37x
- Beta 0.20, yield 9.2%, current ratio 0.37x
SPG carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 6.7%, EPS growth 94.8%, 3Y rev CAGR 6.3%
- 32.3% 10Y total return vs BPYPO's 3.4%
- 6.7% FFO/revenue growth vs BPYPO's -3.9%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 6.7% FFO/revenue growth vs BPYPO's -3.9% | |
| Value | Lower P/E (6.6x vs 30.9x) | |
| Quality / Margins | 72.5% margin vs BPYPO's -4.9% | |
| Stability / Safety | Beta 0.20 vs SPG's 0.61, lower leverage | |
| Dividends | 9.2% yield; the other pay no meaningful dividend | |
| Momentum (1Y) | +33.7% vs BPYPO's +15.4% | |
| Efficiency (ROA) | 11.4% ROA vs BPYPO's -0.4%, ROIC 7.6% vs 2.5% |
BPYPO vs SPG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
BPYPO vs SPG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
SPG leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BPYPO and SPG operate at a comparable scale, with $7.2B and $6.4B in trailing revenue. SPG is the more profitable business, keeping 72.5% of every revenue dollar as net income compared to BPYPO's -4.9%. On growth, SPG holds the edge at +13.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $7.2B | $6.4B |
| EBITDAEarnings before interest/tax | $2.9B | $4.7B |
| Net IncomeAfter-tax profit | -$350M | $4.6B |
| Free Cash FlowCash after capex | -$359M | $2.3B |
| Gross MarginGross profit ÷ Revenue | +54.3% | +85.7% |
| Operating MarginEBIT ÷ Revenue | +37.2% | +49.9% |
| Net MarginNet income ÷ Revenue | -4.9% | +72.5% |
| FCF MarginFCF ÷ Revenue | -5.0% | +35.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | -29.0% | +13.2% |
| EPS Growth (YoY)Latest quarter vs prior year | +36.4% | +3.6% |
Valuation Metrics
BPYPO leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, BPYPO's 14.7x EV/EBITDA is more attractive than SPG's 20.6x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $5.4B | $66.8B |
| Enterprise ValueMkt cap + debt − cash | $57.5B | $96.0B |
| Trailing P/EPrice ÷ TTM EPS | -9.69x | 14.53x |
| Forward P/EPrice ÷ next-FY EPS est. | 6.60x | 30.90x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.46x |
| EV / EBITDAEnterprise value multiple | 14.72x | 20.60x |
| Price / SalesMarket cap ÷ Revenue | 0.59x | 10.50x |
| Price / BookPrice ÷ Book value/share | 0.14x | 9.99x |
| Price / FCFMarket cap ÷ FCF | 8.74x | — |
Profitability & Efficiency
SPG leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
SPG delivers a 68.8% return on equity — every $100 of shareholder capital generates $69 in annual profit, vs $-1 for BPYPO. BPYPO carries lower financial leverage with a 1.42x debt-to-equity ratio, signaling a more conservative balance sheet compared to SPG's 4.47x. On the Piotroski fundamental quality scale (0–9), BPYPO scores 6/9 vs SPG's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -0.8% | +68.8% |
| ROA (TTM)Return on assets | -0.4% | +11.4% |
| ROICReturn on invested capital | +2.5% | +7.6% |
| ROCEReturn on capital employed | +3.9% | +9.1% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 1.42x | 4.47x |
| Net DebtTotal debt minus cash | $52.1B | $29.1B |
| Cash & Equiv.Liquid assets | $2.2B | $823M |
| Total DebtShort + long-term debt | $54.3B | $29.9B |
| Interest CoverageEBIT ÷ Interest expense | 0.73x | 3.26x |
Total Returns (Dividends Reinvested)
SPG leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SPG five years ago would be worth $19,790 today (with dividends reinvested), compared to $9,061 for BPYPO. Over the past 12 months, SPG leads with a +33.7% total return vs BPYPO's +15.4%. The 3-year compound annual growth rate (CAGR) favors SPG at 28.7% vs BPYPO's 17.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +6.5% | +12.9% |
| 1-Year ReturnPast 12 months | +15.4% | +33.7% |
| 3-Year ReturnCumulative with dividends | +60.0% | +113.0% |
| 5-Year ReturnCumulative with dividends | -9.4% | +97.9% |
| 10-Year ReturnCumulative with dividends | +3.4% | +32.3% |
| CAGR (3Y)Annualised 3-year return | +17.0% | +28.7% |
Risk & Volatility
Evenly matched — BPYPO and SPG each lead in 1 of 2 comparable metrics.
Risk & Volatility
BPYPO is the less volatile stock with a 0.20 beta — it tends to amplify market swings less than SPG's 0.61 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SPG currently trades 98.7% from its 52-week high vs BPYPO's 94.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.20x | 0.61x |
| 52-Week HighHighest price in past year | $16.26 | $208.28 |
| 52-Week LowLowest price in past year | $13.87 | $155.44 |
| % of 52W HighCurrent price vs 52-week peak | +94.2% | +98.7% |
| RSI (14)Momentum oscillator 0–100 | 56.4 | 56.3 |
| Avg Volume (50D)Average daily shares traded | 31K | 1.4M |
Analyst Outlook
SPG leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates BPYPO as "Buy" and SPG as "Hold". BPYPO is the only dividend payer here at 9.22% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | — | $197.00 |
| # AnalystsCovering analysts | 4 | 37 |
| Dividend YieldAnnual dividend ÷ price | +9.2% | — |
| Dividend StreakConsecutive years of raises | 0 | 2 |
| Dividend / ShareAnnual DPS | $1.41 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | 0.0% |
SPG leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). BPYPO leads in 1 (Valuation Metrics). 1 tied.
BPYPO vs SPG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BPYPO or SPG a better buy right now?
For growth investors, Simon Property Group, Inc.
(SPG) is the stronger pick with 6. 7% revenue growth year-over-year, versus -3. 9% for Brookfield Property Partners L. P. (BPYPO). Simon Property Group, Inc. (SPG) offers the better valuation at 14. 5x trailing P/E (30. 9x forward), making it the more compelling value choice. Analysts rate Brookfield Property Partners L. P. (BPYPO) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BPYPO or SPG?
On forward P/E, Brookfield Property Partners L.
P. is actually cheaper at 6. 6x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BPYPO or SPG?
Over the past 5 years, Simon Property Group, Inc.
(SPG) delivered a total return of +97. 9%, compared to -9. 4% for Brookfield Property Partners L. P. (BPYPO). Over 10 years, the gap is even starker: SPG returned +32. 3% versus BPYPO's +3. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BPYPO or SPG?
By beta (market sensitivity over 5 years), Brookfield Property Partners L.
P. (BPYPO) is the lower-risk stock at 0. 20β versus Simon Property Group, Inc. 's 0. 61β — meaning SPG is approximately 205% more volatile than BPYPO relative to the S&P 500. On balance sheet safety, Brookfield Property Partners L. P. (BPYPO) carries a lower debt/equity ratio of 142% versus 4% for Simon Property Group, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — BPYPO or SPG?
By revenue growth (latest reported year), Simon Property Group, Inc.
(SPG) is pulling ahead at 6. 7% versus -3. 9% for Brookfield Property Partners L. P. (BPYPO). On earnings-per-share growth, the picture is similar: Simon Property Group, Inc. grew EPS 94. 8% year-over-year, compared to -4. 6% for Brookfield Property Partners L. P.. Over a 3-year CAGR, BPYPO leads at 8. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BPYPO or SPG?
Simon Property Group, Inc.
(SPG) is the more profitable company, earning 72. 5% net margin versus -5. 6% for Brookfield Property Partners L. P. — meaning it keeps 72. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SPG leads at 49. 9% versus 38. 3% for BPYPO. At the gross margin level — before operating expenses — SPG leads at 85. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is BPYPO or SPG more undervalued right now?
On forward earnings alone, Brookfield Property Partners L.
P. (BPYPO) trades at 6. 6x forward P/E versus 30. 9x for Simon Property Group, Inc. — 24. 3x cheaper on a one-year earnings basis.
08Which pays a better dividend — BPYPO or SPG?
In this comparison, BPYPO (9.
2% yield) pays a dividend. SPG does not pay a meaningful dividend and should not be held primarily for income.
09Is BPYPO or SPG better for a retirement portfolio?
For long-horizon retirement investors, Brookfield Property Partners L.
P. (BPYPO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 20), 9. 2% yield). Both have compounded well over 10 years (BPYPO: +3. 4%, SPG: +32. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between BPYPO and SPG?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: BPYPO is a small-cap income-oriented stock; SPG is a mid-cap deep-value stock. BPYPO pays a dividend while SPG does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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