Essex Property Trust, Inc. vs Simon Property Group Inc — how do they compare? Essex Property Trust, Inc. trades at $282.11 (market cap $18.15B), while Simon Property Group Inc trades at $219.28 (market cap $71.03B). The key difference: Simon Property Group Inc is far larger — about 3.9× Essex Property Trust, Inc.'s market cap, and Simon Property Group Inc pays the higher dividend (4.05%). Which is the better fit depends on your goals.
| ESS | SPG | |
|---|---|---|
Market Cap | $18.15B | $71.03B |
Sector | Real Estate | Real Estate |
52-Week High | $298.33 | $236.70 |
52-Week Low | $239.61 | $169.22 |
Enterprise Value | $24.75B | $99.48B |
Dividend Yield | 3.93% | 4.05% |
Trailing returns across standard periods
Latest headlines on both assets
Essex Property Trust owns a portfolio of 253 apartment communities with over 62,000 units and is developing three additional properties with 571 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
Read more on ESS →Simon Property Group is the second- largest real estate investment trust in the United States. Its portfolio includes an interest in 207 properties: 119 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), six lifestyle centers, and five other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.
Read more on SPG →