AKR vs SKT vs SPG Stock Comparison

Acadia Realty Trust, Tanger and Simon Property Prices as of Nov 4, 2026 Peers: Industry group
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AKR Acadia Realty Trust
$19.87 +7.9% 1M +0.5% 1Y
Market cap
$2.74B
P/E
60.7x
Revenue (TTM)
$398.16M
Div. yield
4.03%
Retail REITs Real Estate
1 win
SKT Tanger Inc.
$38.45 +11.2% 1M +14.2% 1Y
Market cap
$4.42B
P/E
17.9x
Revenue (TTM)
$612.31M
Div. yield
3.18%
Retail REITs Real Estate
3 wins

Head to Head

12 decided of 12

Simon Property leads on 8 of the 12 questions below (Simon Property 8, Tanger 3, Acadia Realty Trust 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAKRSKTSPGLeader
Larger companyMarket capitalisation $2.74B $4.42B $78.40B SPG
Cheaper on earningsLower P/E, profitable companies only 60.7x 17.9x 16.0x SPG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 41.4x 35.0x 33.3x SPG
Faster revenue growthRevenue growth, trailing twelve months -0.3% +11.4% +15.0% SPG
More profitableNet margin, trailing twelve months 11.3% 40.3% 66.5% SPG
Better return on capitalReturn on invested capital 4.8% — 9.6% SPG
Less leveragedLower net debt / EBITDA 4.8x 3.1x 5.5x SKT
Higher dividend yieldTrailing dividend yield 4.03% 3.18% 3.89% AKR
Better 1-year returnPrice return, last 12 months +0.5% +14.2% +25.2% SPG
Better 5-year returnAnnualised price return, 5 years -3.0%/yr +12.5%/yr +6.0%/yr SKT
Less volatileAnnualised volatility, 1 year 21.8% 21.1% 19.1% SPG
Higher overall scoreMean of the five percentile scores vs peers 60/100 61/100 58/100 SKT

Percentile Scorecard

AKRSKTSPG

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAKRSKTSPG
Valuation 28 #105 of 146 70 #45 of 146 24 #111 of 146
Growth 85 #23 of 145 77 #34 of 145 84 #24 of 145
Profitability 49 #72 of 141 99 #3 of 141 100 #1 of 141
Financial Health 76 #36 of 146 48 #77 of 146 28 #105 of 146
Shareholder Returns 59 #56 of 136 10 #123 of 136 52 #66 of 136
Overall 60 61 58
  • AKR ranked among 149 companies in Property REITs
  • SKT ranked among 149 companies in Property REITs
  • SPG ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAKRSKTSPGSPY
1 month +7.9%+11.2%+13.5% -1.0%
3 months -7.6%-5.2%+1.7% -0.4%
6 months -10.3%+4.3%+11.2% +4.5%
Year to date -3.3%+15.2%+23.5% +12.4%
1 year +0.5%+14.2%+25.2% +13.6%
3 years +29.6%+60.7%+93.9% +76.4%
3 years, per year +9.0%+17.2%+24.7% +20.8%
5 years -14.0%+80.1%+34.0% +63.7%
5 years, per year -3.0%+12.5%+6.0% +10.4%
10 years -38.2%+16.1%+26.8% +267.7%
10 years, per year -4.7%+1.5%+2.4% +13.9%

Risk

MeasureAKRSKTSPGSPY
Volatility, 1Y 21.8%21.1%19.1% 12.8%
Downside volatility, 1Y 23.5%19.0%18.1% 12.7%
Beta vs S&P 500, 1Y 0.170.250.22 1.00
Return / volatility, 1Y 0.020.671.31 1.06
Max drawdown, 5Y -46.0%-36.8%-48.8% -25.4%
From 52-week high -12.5%-8.7%-3.4% -1.6%
52-week high $22.70$42.10$236.69 $779.14
52-week low $18.07$31.63$178.27 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAKRSKTSPG
P/E now vs peer median 60.7xmedian 26.6x 17.9xmedian 26.6x 16.0xmedian 26.6x
P/S now vs peer median 6.9xmedian 4.3x 7.2xmedian 4.3x 11.3xmedian 4.3x
EV/EBITDA now vs peer median 12.2xmedian 14.7x 12.6xmedian 14.7x 20.9xmedian 14.7x
P/FCF now vs peer median -9.6xmedian 22.1x 13.7xmedian 22.1x 25.8xmedian 22.1x
P/B now vs peer median 1.0xmedian 1.3x 6.3xmedian 1.3x 14.1xmedian 1.3x
PEG now vs peer median 8.25median 2.01 2.04median 2.01 0.55median 2.01

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAKRSKTSPG
Revenue $398.16M $612.31M $6.94B
Operating income $212.07M – $3.29B
Net income $159.86M $246.96M $5.39B
Free cash flow -$285.20M $323.28M $3.04B
EPS (diluted) $0.33 $2.13 $14.25
Cash & equivalents $37.98M $176.88M $1.02B
Total debt $1.82B $1.62B $28.70B
Shares (diluted) 137.65M 115.73M 324.02M
Enterprise value $2.94B $3.99B $75.60B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAKRSKTSPG
P/E 60.7x 17.9x 16.0x
P/FCF -9.6x 13.7x 25.8x
P/Operating cash flow 15.7x 7.4x 19.0x
P/S 6.9x 7.2x 11.3x
P/B 1.0x 6.3x 14.1x
P/Tangible book 1.1x 6.3x 14.1x
EV/EBITDA 12.2x 12.6x 20.9x
EV/EBIT 21.3x 19.8x 32.2x
EV/Revenue 11.4x 9.5x 15.3x
EV/FCF -15.9x 18.1x 34.9x
EV/Operating cash flow 25.9x 9.8x 25.7x
PEG (3Y EPS CAGR) 8.25 2.04 0.55

Growth

14 metrics
MetricAKRSKTSPG
Revenue growth (1Y) -0.3% 11.4% 15.0%
Revenue CAGR (3Y) 6.1% 11.0% 8.5%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 369.8% – 7.0%
Operating income CAGR (3Y) 56.9% – 7.4%
Net income growth (1Y) 477.1% 21.3% 120.7%
Net income CAGR (3Y) 228.5% 12.0% 29.6%
EPS growth (1Y) 142.0% 19.5% 120.3%
EPS CAGR (3Y) 7.4% 8.8% 29.4%
Operating cash flow growth (1Y) 7.1% 10.4% 2.5%
Operating cash flow CAGR (3Y) 5.7% 10.9% 2.5%
Free cash flow growth (1Y) 38.2% 63.7% 41.3%
Free cash flow CAGR (3Y) -119.0% 10.6% 1.7%

Profitability

14 metrics
MetricAKRSKTSPG
Gross margin – – –
EBITDA margin 93.1% 75.4% 73.2%
Operating margin 53.3% – 47.4%
Pretax margin 40.2% 36.4% 32.0%
Net margin 11.3% 40.3% 66.5%
FCF margin -71.6% 52.8% 43.8%
Operating cash flow margin 43.8% 97.5% 59.4%
Return on equity 6.0% 18.9% 92.5%
Return on assets 3.4% 4.6% 13.6%
Return on invested capital 4.8% – 9.6%
Return on capital employed – – –
Asset turnover 0.1x 0.2x 0.2x
Cash conversion (OCF / net income) 1.1x 2.4x 0.8x
Stock comp / revenue 4.0% 4.3% –

Financial Health

11 metrics
MetricAKRSKTSPG
Debt / assets 37.7% 56.6% 72.3%
Debt / equity 0.7x 2.3x 5.1x
Net debt / EBITDA 4.8x 3.1x 5.5x
Debt / FCF -6.4x 5.0x 9.4x
Liabilities / assets 44.6% 75.5% 86.0%
Equity / assets 55.4% 24.5% 14.0%
Interest coverage 2.5x 4.1x 3.1x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAKRSKTSPG
Dividend yield 4.0% 3.2% 3.9%
Net buyback yield -5.2% -1.1% 0.4%
Shareholder yield -1.2% 2.1% 4.3%
Payout ratio (earnings) 66.7% – –
Payout ratio (FCF) -37.4% – –
Dividend growth (1Y) 10.1% – –
Dividend CAGR (3Y) 15.9% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAKRSKTSPG
Forward P/E 41.4xFY2026 35.0xFY2026 33.3xFY2026
EPS, next fiscal year $0.48FY2026 $1.10FY2026 $6.87FY2026
EPS growth, next FY +128.6%FY2026 +11.1%FY2026 -51.5%FY2026
EPS growth, the year after -29.2% +10.0% +8.4%
Revenue, next fiscal year $349.66MFY2026 $638.63MFY2026 $7.17BFY2026
Revenue growth, next FY -13.1%FY2026 +15.9%FY2026 +12.8%FY2026
Revenue growth, the year after +16.3% -9.1% -8.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAKRSKTSPG
Held by institutions 100.0% 93.8% 93.5%
Institutions holding 259 362 1,361
Change in shares held, QoQ +3.7% +2.8% +3.8%
Institutions buying 156 173 680
Institutions selling 63 122 465
Buyers to sellers 2.48 1.42 1.46

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AKRSKTSPG
AKR 1.00 0.61 0.63
SKT 0.61 1.00 0.70
SPG 0.63 0.70 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AKR, SKT and SPG?

Simon Property (SPG) is the largest by market capitalisation: Acadia Realty Trust (AKR) $2.74B, Tanger (SKT) $4.42B, Simon Property (SPG) $78.40B.

Which stock is cheaper, AKR, SKT and SPG?

Simon Property (SPG) trades on the lowest price-to-earnings ratio (Acadia Realty Trust (AKR) 60.7x, Tanger (SKT) 17.9x, Simon Property (SPG) 16.0x). On next year's consensus earnings, Simon Property (SPG) is cheapest (Acadia Realty Trust (AKR) 41.4x, Tanger (SKT) 35.0x, Simon Property (SPG) 33.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Simon Property (SPG) grew revenue fastest over the trailing twelve months: Acadia Realty Trust (AKR) -0.3%, Tanger (SKT) +11.4%, Simon Property (SPG) +15.0%.

Which company is more profitable?

Simon Property (SPG) has the highest net margin (Acadia Realty Trust (AKR) 11.3%, Tanger (SKT) 40.3%, Simon Property (SPG) 66.5%). On return on invested capital, Simon Property (SPG) leads (Acadia Realty Trust (AKR) 4.8%, Simon Property (SPG) 9.6%).

Which stock has performed better?

Over the past year Simon Property (SPG) returned the most: Acadia Realty Trust (AKR) +0.5%, Tanger (SKT) +14.2%, Simon Property (SPG) +25.2%. Over five years, Tanger (SKT) compounded fastest (Acadia Realty Trust (AKR) -3.0%/yr, Tanger (SKT) +12.5%/yr, Simon Property (SPG) +6.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Acadia Realty Trust (AKR) has the highest dividend yield: Acadia Realty Trust (AKR) 4.03%, Tanger (SKT) 3.18%, Simon Property (SPG) 3.89%.

Which stock is riskier?

By one-year price volatility, Simon Property (SPG) has been the steadiest (Acadia Realty Trust (AKR) 21.8%, Tanger (SKT) 21.1%, Simon Property (SPG) 19.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AKR, SKT and SPG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Simon Property (SPG) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.