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Simon Property Group vs Realty Income: SPG and O compared
Simon Property Group is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $1.6B for Realty Income (Q3 2026). Simon Property Group is growing faster (+13% against +10% a year earlier). Simon Property Group is more profitable, with an operating margin of 44.3% against 20.7%.
Where the money goes: SPG and O
Simon Property Group (SPG) · Q3 2026
Simon Property Group, Q3 2026: revenue $1.8B (+13% year over year), operating margin 44.3%, net earnings $499M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
Realty Income (O) · Q3 2026
Realty Income, Q3 2026: revenue $1.6B (+10% year over year), operating margin 20.7%, net earnings $404M, operating cash flow $926M. The chart follows the revenue to costs, profit and cash.
| Simon Property Group (SPG) | Realty Income (O) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.8B | $1.6B |
| Revenue growth, Y/Y | +13% | +10% |
| Operating margin | 44.3% | 20.7% |
| Net earnings | $499M | $404M |
| Net margin | 27.5% | 24.9% |
| Operating cash flow | $1.1B | $926M |
| Free cash flow | $822M | $887M |
| Market value | $74.1B | $56.1B |
| P/E | 13.8× | 40.9× |
| Analysts’ mean target | $228.90 | $63.63 |
Questions
Which is bigger, Simon Property Group or Realty Income?
Simon Property Group is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $1.6B for Realty Income (Q3 2026).
Is Simon Property Group or Realty Income growing faster?
Simon Property Group is growing faster (+13% against +10% a year earlier).
Which is more profitable, Simon Property Group or Realty Income?
Simon Property Group is more profitable, with an operating margin of 44.3% against 20.7%.
More: Simon Property Group earnings · how Simon Property Group makes money · Realty Income earnings · how Realty Income makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.