Otis Worldwide Corp vs Simon Property Group Inc — how do they compare? Otis Worldwide Corp trades at $70.61 (market cap $27.61B), while Simon Property Group Inc trades at $227.7 (market cap $73.55B). The key difference: Simon Property Group Inc is far larger — about 2.7× Otis Worldwide Corp's market cap, and Simon Property Group Inc pays the higher dividend (3.88%). Which is the better fit depends on your goals.
| OTIS | SPG | |
|---|---|---|
Market Cap | $27.61B | $73.55B |
Sector | Industrials | Real Estate |
52-Week High | $100.99 | $228.70 |
52-Week Low | $69.34 | $160.68 |
Enterprise Value | $34.99B | $102.03B |
Dividend Yield | 2.36% | 3.88% |
Trailing returns across standard periods
Latest headlines on both assets
Otis is the largest global elevator and escalator supplier by revenue with around one quarter of share excluding Japan. In 1854 Otis' founder and namesake, Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed.The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15-20 year useful life of an elevator. As the largest global OEM, over decades Otis has built a base of 2 million elevators under service. Its business model is much the same as that of its competitors Kone, Schindler, and Thyssenkrupp.
Read more on OTIS →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 →