Tanger Factory Outlet Centers Inc (SKT)vsSimon Property Group Inc (SPG)
SKT
Tanger Factory Outlet Centers Inc
$33.95
-0.29%
REAL ESTATE · Cap: $3.90B
SPG
Simon Property Group Inc
$181.57
+1.85%
REAL ESTATE · Cap: $57.93B
Smart Verdict
WallStSmart Research — data-driven comparison
Simon Property Group Inc generates 969% more annual revenue ($6.36B vs $595.14M). SPG leads profitability with a 72.7% profit margin vs 19.3%. SKT appears more attractively valued with a PEG of 4.14. SPG earns a higher WallStSmart Score of 67/100 (B-).
SKT
Buy61
out of 100
Grade: C+
SPG
Strong Buy67
out of 100
Grade: B-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+16.4%
Fair Value
$40.47
Current Price
$33.95
$6.52 discount
Margin of Safety
+70.6%
Fair Value
$663.16
Current Price
$181.57
$481.59 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Strong operational efficiency at 31.4%
Earnings expanding 21.3% YoY
Every $100 of equity generates 104 in profit
Keeps 73 of every $100 in revenue as profit
Strong operational efficiency at 49.7%
Large-cap with strong market position
Attractively priced relative to earnings
Areas to Watch
Premium valuation, high expectations priced in
Expensive relative to growth rate
Distress zone — elevated risk
Trading at 11.4x book value
3.6% earnings growth
Expensive relative to growth rate
Comparative Analysis Report
WallStSmart ResearchBull Case : SKT
The strongest argument for SKT centers on Operating Margin, EPS Growth. Profitability is solid with margins at 19.3% and operating margin at 31.4%. Revenue growth of 13.9% demonstrates continued momentum.
Bull Case : SPG
The strongest argument for SPG centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 72.7% and operating margin at 49.7%. Revenue growth of 13.2% demonstrates continued momentum.
Bear Case : SKT
The primary concerns for SKT are P/E Ratio, PEG Ratio, Altman Z-Score.
Bear Case : SPG
The primary concerns for SPG are Price/Book, EPS Growth, PEG Ratio.
Key Dynamics to Monitor
SPG carries more volatility with a beta of 1.40 — expect wider price swings.
SKT is growing revenue faster at 13.9% — sustainability is the question.
SPG generates stronger free cash flow (982M), providing more financial flexibility.
Monitor REIT - RETAIL industry trends, competitive dynamics, and regulatory changes.
Bottom Line
SPG scores higher overall (67/100 vs 61/100), backed by strong 72.7% margins and 13.2% revenue growth. SKT offers better value entry with a 16.4% margin of safety. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
Tanger Factory Outlet Centers Inc
REAL ESTATE · REIT - RETAIL · USA
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of luxury outdoor outlet shopping centers that owns or has an ownership interest in a portfolio of 38 centers.
Simon Property Group Inc
REAL ESTATE · REIT - RETAIL · USA
Simon Property Group, Inc. is a real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana.
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