State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF vs Simon Property Group Inc — how do they compare? State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF trades at $30.77, while Simon Property Group Inc trades at $219.28 (market cap $71.03B). The key difference: Simon Property Group Inc pays a 4.05% dividend while State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF pays none, and Simon Property Group Inc is trading nearer its 52-week high, State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF nearer its low. Which is the better fit depends on your goals.
| FLRN | SPG | |
|---|---|---|
Sector | Sector/Thematic | Real Estate |
52-Week High | $30.86 | $236.70 |
52-Week Low | $30.65 | $169.22 |
Market Cap | — | $71.03B |
Enterprise Value | — | $99.48B |
Dividend Yield | — | 4.05% |
Trailing returns across standard periods
Latest headlines on both assets
FLRN invests in U.S. dollar-denominated investment-grade floating rate notes with maturities under five years. It provides exposure to corporate and supranational debt whose interest payments adjust with market rates, helping to mitigate interest rate risk.
Read more on FLRN →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 →