Host Hotels & Resorts
HST · Hotel & Resort REITs
$24.72
0.6%Simon Property Group
SPG · Retail REITs
$211.63
0.2%The short version
- Simon Property Group is the larger business, with $6.4B of revenue in fiscal 2025 against $6.1B for Host Hotels & Resorts.
- Host Hotels & Resorts grew revenue faster (7.6%, against 6.7%).
- Simon Property Group kept more of each dollar of sales as operating profit (49.9% operating margin, against 14.0% operating margin).
- Simon Property Group earned a higher return on the capital invested in it (10.5%, against 7.4%).
- Investors pay more for each dollar of Host Hotels & Resorts’s earnings: a P/E of 16.6x against 14.9x for Simon Property Group.
| Latest fiscal year | HST · FY25 | SPG · FY25 |
|---|---|---|
| Size | ||
| Market cap | $17.0B | $68.6B |
| Revenue | $6.1B | $6.4B |
| Free cash flow | — | $3.2B |
| Net income | $765M | $5.4B |
| Growth | ||
| Revenue growth | 7.6% | 6.7% |
| 5-year growth | 30.4% | 6.7% |
| Share count change | −1.4% | 0.1% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 14.0% | 49.9% |
| Net margin | 12.5% | 84.3% |
| FCF margin | — | 50.3% |
| Return on capital | 7.4% | 10.5% |
| Return on equity | 11.6% | 131.6% |
| Balance sheet | ||
| Net debt | $4.3B | $27.6B |
| Net debt / EBITDA | 2.6x | 6.0x |
| Dividends and buybacks | $828M | $227M |
| Valuation & quality | ||
| P/E | 16.6x | 14.9x |
| Piotroski F-score | — | — |
FY16
HST $5.4B
SPG $5.4B
FY17
HST $5.4B
SPG $5.5B
FY18
HST $5.5B
SPG $5.6B
FY19
HST $5.5B
SPG $5.8B
FY20
HST $1.6B
SPG $4.6B
FY21
HST $2.9B
SPG $5.1B
FY22
HST $4.9B
SPG $5.3B
FY23
HST $5.3B
SPG $5.7B
FY24
HST $5.7B
SPG $6.0B
FY25
HST $6.1B
SPG $6.4B
HST
SPG
FY16
HST 12.6%
SPG 50.1%
FY17
HST 12.6%
SPG 50.7%
FY18
HST 9.6%
SPG 51.8%
FY19
HST 14.6%
SPG 50.6%
FY20
HST −58.8%
SPG 42.8%
FY21
HST −8.7%
SPG 47.2%
FY22
HST 15.8%
SPG 48.8%
FY23
HST 15.6%
SPG 49.6%
FY24
HST 15.4%
SPG 51.9%
FY25
HST 14.0%
SPG 49.9%
HST
SPG
FY16
HST —
SPG $2.6B
FY17
HST —
SPG $2.9B
FY18
HST —
SPG $3.0B
FY19
HST —
SPG $2.9B
FY20
HST —
SPG $1.8B
FY21
HST —
SPG $3.1B
FY22
HST —
SPG $3.1B
FY23
HST —
SPG $3.1B
FY24
HST —
SPG $3.1B
FY25
HST —
SPG $3.2B
HST
SPG
FY16
HST 6.2%
SPG 7.9%
FY17
HST 5.8%
SPG 8.1%
FY18
HST 4.7%
SPG 8.6%
FY19
HST 8.0%
SPG 8.7%
FY20
HST −7.9%
SPG 5.6%
FY21
HST −2.0%
SPG 6.6%
FY22
HST 7.2%
SPG 7.2%
FY23
HST 7.9%
SPG 9.9%
FY24
HST 8.2%
SPG 11.5%
FY25
HST 7.4%
SPG 10.5%
HST
SPG
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.