Brixmor Property Group Inc. (BRX) vs Simon Property Group, Inc. (SPG)

Brixmor Property Group Inc. and Simon Property Group, Inc. are both Reit Retail companies. Simon Property Group, Inc. is the larger, with a market value of $71.7B against $8.5B — 8.4× the size. Simon Property Group, Inc. trades at the lower P/E: 14.4× against 19.8×. Simon Property Group, Inc. grew revenue faster over the last twelve months: 15.0% against 5.84%. Simon Property Group, Inc. has the higher net margin (66.5% vs 30.8%) and the higher return on invested capital (6.18% vs 3.81%). Both pay a dividend; Simon Property Group, Inc. yields more (5.40% vs 4.59%). Across the 23 metrics below, Simon Property Group, Inc. leads on 17 and Brixmor Property Group Inc. on 6.

Valuation

Metric BRX SPG Reit Retail median
P/E 19.77 14.44 24.82
P/S 6.14 9.56 6.69
P/B 2.85 11.99 1.75
Price to free cash flow 32.54 20.63 13.29
EV/EBITDA 15.19 18.26 15.42
EV/Sales 9.79 13.55 10.60
Earnings yield 5.06% 6.92% 3.91%
Free cash flow yield 3.07% 4.85% 2.98%

Profitability

Metric BRX SPG Reit Retail median
Gross margin 75.15% 81.43% 71.78%
Operating margin 35.30% 47.40% 34.62%
Net margin 30.82% 66.52% 27.14%
Free cash flow margin 18.88% 46.36% 18.82%
Return on equity 14.48% 110.70% 7.05%
Return on assets 4.91% 12.65% 3.40%
Return on invested capital 3.81% 6.18% 3.18%

Growth

Metric BRX SPG Reit Retail median
Revenue growth (TTM) 5.84% 15.02% 8.49%
EPS growth (last fiscal year) 12.61% 95.18% —
Revenue growth, 5-year CAGR 5.42% 6.67% 8.62%
Net income growth, 5-year CAGR 26.18% 33.05% 1.85%

Health

Metric BRX SPG Reit Retail median
Debt to equity 1.76 5.15 0.94
Current ratio 0.82 1.05 1.62
Net debt to EBITDA 5.77 5.84 5.40

Dividend

Metric BRX SPG Reit Retail median
Dividend yield 4.59% 5.40% 4.57%
Payout ratio 0.87 1.09 1.21

Size

Metric BRX SPG Reit Retail median
Market cap 8.51b 71.72b 3.65b

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