Realty Income vs Simon Property
Realty Income and Simon Property are similar in size: $5.75bn and $6.36bn of revenue in their latest fiscal years. Realty Income grew faster (9.1% against 6.7%). Simon Property kept more of each dollar of sales as profit: a net margin of 72.7% against 18.4%. Realty Income carries less debt relative to equity (1.4% against 549.0%).
| Latest fiscal year | Realty IncomeO, 2025 | Simon PropertySPG, 2025 |
|---|---|---|
| Revenue | $5.75bn | $6.36bn |
| Revenue growth | 9.1% | 6.7% |
| Net income | $1.06bn | $4.62bn |
| Operating margin | — | 49.9% |
| Net margin | 18.4% | 72.7% |
| Return on equity | 2.7% | 113.5% |
| Free cash flow | $3.86bn | $3.20bn |
| Cash | $435m | $823m |
| Total debt | $555m | $28.60bn |
| Debt to equity | 1.4% | 549.0% |
| Dividend per share | $3.22 | — |
| Dividend yield | 5.5% | — |
| Share buybacks | — | $227m |
| Employees | 395 | — |
| Market value | $54.57bn | $71.81bn |
| Price vs our value range | — | — |
| Moat score | 59 (Moderate) | 75 (Strong) |
| Insider trades, 12 months | 0 buys, 3 sales | 61 buys, 1 sales |