Comprehensive Stock Comparison

Compare InvenTrust Properties Corp. (IVT) vs Simon Property Group, Inc. (SPG) Stock

Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.

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Quick Verdict

CategoryWinnerWhy
GrowthIVT9.2% revenue growth vs SPG's 6.7%
ValueSPGLower P/E (30.4x vs 153.5x)
Quality / MarginsSPG72.5% net margin vs IVT's 37.3%
Stability / SafetyIVTBeta 0.54 vs SPG's 0.86, lower leverage
DividendsTieNeither pays a meaningful dividend
Momentum (1Y)SPG+14.1% vs IVT's +8.0%
Efficiency (ROA)SPG11.4% ROA vs IVT's 4.0%, ROIC 7.6% vs 1.5%
Bottom line: SPG leads in 4 of 7 categories, making it the stronger pick for investors who prioritize valuation and capital efficiency and profitability and margin quality. InvenTrust Properties Corp. is the better choice for growth and revenue expansion and capital preservation and lower volatility. As direct sector peers, they can serve as alternatives in the same portfolio allocation.

Who Each Stock Is For

Income & stability

Growth exposure

Long-term compounding (10Y)

Sleep-well-at-night portfolio

Defensive / Recession hedge

Business Model

What each company does and how it makes money

IVTInvenTrust Properties Corp.
Real Estate

InvenTrust Properties Corp. is a retail real estate investment trust that owns and operates grocery-anchored shopping centers primarily in Sun Belt markets. It generates revenue through rental income from tenants—with grocery stores serving as anchor tenants that drive consistent foot traffic—and property management fees. The company's competitive advantage lies in its focus on essential retail properties in high-growth Sun Belt regions, which provides stable occupancy and resilience against e-commerce disruption.

SPGSimon Property Group, Inc.
Real Estate

Simon Property Group is a real estate investment trust that owns and operates premier shopping malls, outlets, and mixed-use destinations across North America, Europe, and Asia. It generates revenue primarily through tenant leases—collecting base rents, percentage rents based on tenant sales, and common area maintenance charges—with retail properties contributing over 90% of its income. The company's moat lies in its portfolio of high-quality, dominant regional malls in prime locations that attract premium tenants and shoppers, creating a network effect that's difficult to replicate.

Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

IVTInvenTrust Properties Corp.
FY 2025
Real Estate, Other
100.0%$2M
SPGSimon Property Group, Inc.
FY 2024
Real Estate Segment
100.0%$5.5B

Financial Metrics Comparison

Side-by-side fundamentals across 2 stocks. BestLagging

Financial Scorecard

SPG 3IVT 2
Financial MetricsSPG6/6 metrics
Valuation MetricsIVT3/5 metrics
Profitability & EfficiencySPG5/8 metrics
Total ReturnsSPG5/6 metrics
Risk & VolatilityTie1/2 metrics
Analyst OutlookIVT1/1 metrics

SPG leads in 3 of 6 categories (Financial Metrics, Profitability & Efficiency). IVT leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.

Financial Metrics (TTM)

SPG is the larger business by revenue, generating $6.4B annually — 21.3x IVT's $299M. SPG is the more profitable business, keeping 72.5% of every revenue dollar as net income compared to IVT's 37.3%. On growth, SPG holds the edge at +13.2% YoY revenue growth, suggesting stronger near-term business momentum.

MetricIVTInvenTrust Proper…SPGSimon Property Gr…
RevenueTrailing 12 months$299M$6.4B
EBITDAEarnings before interest/tax$179M$4.7B
Net IncomeAfter-tax profit$111M$4.6B
Free Cash FlowCash after capex$82M$2.3B
Gross MarginGross profit ÷ Revenue+48.7%+85.7%
Operating MarginEBIT ÷ Revenue+17.1%+49.9%
Net MarginNet income ÷ Revenue+37.3%+72.5%
FCF MarginFCF ÷ Revenue+27.5%+35.4%
Rev. Growth (YoY)Latest quarter vs prior year+9.4%+13.2%
EPS Growth (YoY)Latest quarter vs prior year-73.9%+3.6%
SPG leads this category, winning 6 of 6 comparable metrics.

Valuation Metrics

At 14.4x trailing earnings, SPG trades at a 34% valuation discount to IVT's 22.0x P/E. On an enterprise value basis, IVT's 18.6x EV/EBITDA is more attractive than SPG's 20.5x.

MetricIVTInvenTrust Proper…SPGSimon Property Gr…
Market CapShares × price$2.4B$66.3B
Enterprise ValueMkt cap + debt − cash$3.3B$95.4B
Trailing P/EPrice ÷ TTM EPS21.97x14.42x
Forward P/EPrice ÷ next-FY EPS est.153.47x30.39x
PEG RatioP/E ÷ EPS growth rate0.46x
EV / EBITDAEnterprise value multiple18.60x20.48x
Price / SalesMarket cap ÷ Revenue8.10x10.42x
Price / BookPrice ÷ Book value/share1.36x9.91x
Price / FCFMarket cap ÷ FCF15.60x
IVT leads this category, winning 3 of 5 comparable metrics.

Profitability & Efficiency

SPG delivers a 68.8% return on equity — every $100 of shareholder capital generates $69 in annual profit, vs $6 for IVT. IVT carries lower financial leverage with a 0.54x debt-to-equity ratio, signaling a more conservative balance sheet compared to SPG's 4.47x.

MetricIVTInvenTrust Proper…SPGSimon Property Gr…
ROE (TTM)Return on equity+6.2%+68.8%
ROA (TTM)Return on assets+4.0%+11.4%
ROICReturn on invested capital+1.5%+7.6%
ROCEReturn on capital employed+1.9%+9.1%
Piotroski ScoreFundamental quality 0–955
Debt / EquityFinancial leverage0.54x4.47x
Net DebtTotal debt minus cash$922M$29.1B
Cash & Equiv.Liquid assets$41M$823M
Total DebtShort + long-term debt$963M$29.9B
Interest CoverageEBIT ÷ Interest expense1.49x3.26x
SPG leads this category, winning 5 of 8 comparable metrics.

Total Returns (with DRIP)

A $10,000 investment in SPG five years ago would be worth $21,129 today (with dividends reinvested), compared to $2,556 for IVT. Over the past 12 months, SPG leads with a +14.1% total return vs IVT's +8.0%. The 3-year compound annual growth rate (CAGR) favors SPG at 23.1% vs IVT's 11.9% — a key indicator of consistent wealth creation.

MetricIVTInvenTrust Proper…SPGSimon Property Gr…
YTD ReturnYear-to-date+11.9%+10.8%
1-Year ReturnPast 12 months+8.0%+14.1%
3-Year ReturnCumulative with dividends+40.2%+86.7%
5-Year ReturnCumulative with dividends-74.4%+111.3%
10-Year ReturnCumulative with dividends-68.8%+44.9%
CAGR (3Y)Annualised 3-year return+11.9%+23.1%
SPG leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

IVT is the less volatile stock with a 0.54 beta — it tends to amplify market swings less than SPG's 0.86 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.

MetricIVTInvenTrust Proper…SPGSimon Property Gr…
Beta (5Y)Sensitivity to S&P 5000.54x0.86x
52-Week HighHighest price in past year$31.91$205.12
52-Week LowLowest price in past year$25.21$136.34
% of 52W HighCurrent price vs 52-week peak+97.8%+99.4%
RSI (14)Momentum oscillator 0–10066.067.1
Avg Volume (50D)Average daily shares traded384K1.3M
Evenly matched — IVT and SPG each lead in 1 of 2 comparable metrics.

Analyst Outlook

Wall Street rates IVT as "Buy" and SPG as "Hold". Consensus price targets imply 5.8% upside for IVT (target: $33) vs -4.5% for SPG (target: $195).

MetricIVTInvenTrust Proper…SPGSimon Property Gr…
Analyst RatingConsensus buy/hold/sellBuyHold
Price TargetConsensus 12-month target$33.00$194.60
# AnalystsCovering analysts437
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises72
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
IVT leads this category, winning 1 of 1 comparable metric.

Historical Charts

Charts are rendered on first load. Hover for details.

Chart 1Total Return — 5 Years (Rebased to 100)

StockMar 20Feb 26Change
InvenTrust Properti… (IVT)10013.1-86.9%
Simon Property Grou… (SPG)317.52406.51+28.0%

Simon Property Grou… (SPG) returned +111% over 5 years vs InvenTrust Properti… (IVT)'s -74%. A $10,000 investment in SPG 5 years ago would be worth $21,129 today (including dividends reinvested).

Chart 2Revenue Growth — 10 Years

Stock20162025Change
InvenTrust Properti… (IVT)$250M$299M+19.8%
Simon Property Grou… (SPG)$5.4B$6.4B+17.1%

InvenTrust Properties Corp.'s revenue grew from $250M (2016) to $299M (2025) — a 2.0% CAGR. Simon Property Group, Inc.'s revenue grew from $5.4B (2016) to $6.4B (2025) — a 1.8% CAGR.

Chart 3Net Margin Trend — 10 Years

Stock20162025Change
InvenTrust Properti… (IVT)101.2%37.2%-63.2%
Simon Property Grou… (SPG)33.8%72.5%+114.3%

InvenTrust Properties Corp.'s net margin went from 101% (2016) to 37% (2025). Simon Property Group, Inc.'s net margin went from 34% (2016) to 73% (2025).

Chart 4P/E Ratio History — 9 Years

Stock20172025Change
InvenTrust Properti… (IVT)30.719.9-35.2%
Simon Property Grou… (SPG)27.513.1-52.4%

InvenTrust Properties Corp. has traded in a 20x–326x P/E range over 4 years; current trailing P/E is ~22x. Simon Property Group, Inc. has traded in a 13x–28x P/E range over 9 years; current trailing P/E is ~14x.

Chart 5EPS Growth — 10 Years

Stock20162025Change
InvenTrust Properti… (IVT)2.91.42-51.0%
Simon Property Grou… (SPG)5.8714.14+140.9%

InvenTrust Properties Corp.'s EPS grew from $2.90 (2016) to $1.42 (2025) — a -8% CAGR. Simon Property Group, Inc.'s EPS grew from $5.87 (2016) to $14.14 (2025) — a 10% CAGR.

Chart 6Free Cash Flow — 5 Years

2021
$71M
$3B
2022
$102M
$3B
2023
$94M
$3B
2024
$101M
$3B
2025
$155M
$0M
InvenTrust Properti… (IVT)Simon Property Grou… (SPG)

InvenTrust Properties Corp. generated $155M FCF in 2025 (+120% vs 2021). Simon Property Group, Inc. generated $0M FCF in 2025 (-100% vs 2021).

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IVT vs SPG: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is IVT or SPG a better buy right now?

Simon Property Group, Inc. (SPG) offers the better valuation at 14.4x trailing P/E (30.4x forward), making it the more compelling value choice. Analysts rate InvenTrust Properties Corp. (IVT) 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.

02

Which has the better valuation — IVT or SPG?

On trailing P/E, Simon Property Group, Inc. (SPG) is the cheapest at 14.4x versus InvenTrust Properties Corp. at 22.0x. On forward P/E, Simon Property Group, Inc. is actually cheaper at 30.4x.

03

Which is the better long-term investment — IVT or SPG?

Over the past 5 years, Simon Property Group, Inc. (SPG) delivered a total return of +111.3%, compared to -74.4% for InvenTrust Properties Corp. (IVT). A $10,000 investment in SPG five years ago would be worth approximately $21K today (assuming dividends reinvested). Over 10 years, the gap is even starker: SPG returned +44.9% versus IVT's -68.8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — IVT or SPG?

By beta (market sensitivity over 5 years), InvenTrust Properties Corp. (IVT) is the lower-risk stock at 0.54β versus Simon Property Group, Inc.'s 0.86β — meaning SPG is approximately 60% more volatile than IVT relative to the S&P 500. On balance sheet safety, InvenTrust Properties Corp. (IVT) carries a lower debt/equity ratio of 54% versus 4% for Simon Property Group, Inc. — giving it more financial flexibility in a downturn.

05

Which has better profit margins — IVT or SPG?

Simon Property Group, Inc. (SPG) is the more profitable company, earning 72.5% net margin versus 37.2% for InvenTrust Properties Corp. — 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 17.2% for IVT. 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.

06

Is IVT or SPG more undervalued right now?

On forward earnings alone, Simon Property Group, Inc. (SPG) trades at 30.4x forward P/E versus 153.5x for InvenTrust Properties Corp. — 123.1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for IVT: 5.8% to $33.00.

07

Which pays a better dividend — IVT or SPG?

None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.

08

Is IVT or SPG better for a retirement portfolio?

For long-horizon retirement investors, InvenTrust Properties Corp. (IVT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.54)). Both have compounded well over 10 years (IVT: -68.8%, SPG: +44.9%), 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.

09

What are the main differences between IVT 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: IVT is a small-cap quality compounder stock; SPG is a mid-cap deep-value stock. 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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IVT

Quality Mega-Cap Compounder

  • Sector: Real Estate
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 22%
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SPG

Quality Mega-Cap Compounder

  • Sector: Real Estate
  • Market Cap > $100B
  • Revenue Growth > 6%
  • Net Margin > 43%
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Better Than Both

Find stocks that beat IVT and SPG on the metrics you choose

Revenue Growth>
%
(IVT: 9.4% · SPG: 13.2%)
Net Margin>
%
(IVT: 37.3% · SPG: 72.5%)
P/E Ratio<
x
(IVT: 22.0x · SPG: 14.4x)