JLL vs AMT vs SPG Stock Comparison

Jones Lang Lasalle, American Tower and Simon Property Prices as of Oct 28, 2026 Peers: Industry group
JLL Jones Lang Lasalle Inc
$333.33 +6.1% 1M +6.8% 1Y
Market cap
$16.09B
P/E
14.7x
Revenue (TTM)
$28.20B
Div. yield
–
Commercial Real Estate Services Real Estate
5 wins

Head to Head

11 decided of 12

Jones Lang Lasalle leads on 5 of the 12 questions below (Jones Lang Lasalle 5, Simon Property 5, American Tower 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionJLLAMTSPGLeader
Larger companyMarket capitalisation $16.09B $86.69B $70.16B AMT
Cheaper on earningsLower P/E, profitable companies only 14.7x 26.2x 15.0x JLL
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.9x 27.2x 30.7x JLL
Faster revenue growthRevenue growth, trailing twelve months +11.4% +5.3% +10.9% JLL
More profitableNet margin, trailing twelve months 3.9% 30.1% 70.5% SPG
Better return on capitalReturn on invested capital 11.7% 9.1% 15.6% SPG
Less leveragedLower net debt / EBITDA 0.8x 5.1x 5.7x JLL
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +6.8% +0.6% +19.5% SPG
Better 5-year returnAnnualised price return, 5 years +5.2%/yr -8.2%/yr +7.6%/yr SPG
Less volatileAnnualised volatility, 1 year 37.5% 28.3% 19.1% SPG
Higher overall scoreMean of the five percentile scores vs peers 83/100 62/100 56/100 JLL

Percentile Scorecard

JLLAMTSPG

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

AxisJLLAMTSPG
Valuation 94 #2 of 18 40 #7 of 11 23 #112 of 145
Growth 93 #2 of 16 89 #2 of 10 84 #24 of 142
Profitability 87 #3 of 16 78 #3 of 10 100 #1 of 135
Financial Health 56 #8 of 17 40 #7 of 11 28 #98 of 136
Shareholder Returns – – 47 #70 of 131
Overall 83 62 56
  • JLL ranked among 19 companies in Real Estate Services
  • AMT ranked among 11 companies in Infrastructure 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

PeriodJLLAMTSPGSPY
1 month +6.1%+9.3%+3.3% +0.9%
3 months -1.9%+2.5%-10.4% +5.9%
6 months -1.6%+3.2%+5.6% +8.5%
Year to date -0.9%+4.7%+14.1% +13.3%
1 year +6.8%+0.6%+19.5% +12.4%
3 years +170.4%+6.9%+102.1% +88.1%
3 years, per year +39.3%+2.2%+26.4% +23.5%
5 years +29.1%-34.8%+44.1% +68.2%
5 years, per year +5.2%-8.2%+7.6% +11.0%
10 years +245.6%+58.3%+15.5% +263.4%
10 years, per year +13.2%+4.7%+1.5% +13.8%

Risk

MeasureJLLAMTSPGSPY
Volatility, 1Y 37.5%28.3%19.1% 12.7%
Downside volatility, 1Y 37.9%28.4%18.1% 12.7%
Beta vs S&P 500, 1Y 0.98-0.060.20 1.00
Return / volatility, 1Y 0.180.021.02 0.98
Max drawdown, 5Y -55.5%-46.1%-48.8% -25.4%
From 52-week high -15.1%-5.3%-10.8% -0.9%
52-week high $392.79$194.12$236.69 $779.14
52-week low $280.16$161.11$173.35 $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.

MultipleJLLAMTSPG
P/E now vs peer median 14.0xmedian 20.9x 25.8xmedian 24.2x 14.6xmedian 25.8x
P/S now vs peer median 0.5xmedian 0.7x 7.8xmedian 6.3x 10.9xmedian 4.0x
EV/EBITDA now vs peer median 9.5xmedian 9.8x 17.3xmedian 15.7x 20.5xmedian 14.2x
P/FCF now vs peer median 13.7xmedian 13.1x 21.5xmedian 18.2x 28.9xmedian 23.0x
P/B now vs peer median 1.9xmedian 1.8x 8.7xmedian 2.4x 11.9xmedian 1.3x
PEG now vs peer median 0.20median 0.54 0.39median 0.72 0.49median 1.91

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 monthsJLLAMTSPG
Revenue $28.20B $11.01B $6.65B
Gross profit – $10.87B –
Operating income $1.39B $4.94B $3.21B
Net income $1.09B $3.38B $5.45B
Free cash flow $1.11B $3.96B $2.51B
EPS (diluted) $23.47 $7.11 $14.43
Cash & equivalents $514.30M $1.87B $542.96M
Total debt $1.96B $37.58B $28.25B
Shares (diluted) 46.69M 465.76M 324.96M
Enterprise value $14.09B $79.97B $66.01B

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
MetricJLLAMTSPG
P/E 14.0x 25.8x 14.6x
P/FCF 13.7x 21.5x 28.9x
P/Operating cash flow 11.2x 14.9x 17.5x
P/S 0.5x 7.8x 10.9x
P/B 1.9x 8.7x 11.9x
P/Tangible book 2.1x -21.6x 11.9x
EV/EBITDA 9.5x 17.3x 20.5x
EV/EBIT 12.0x 24.5x 31.2x
EV/Revenue 0.6x 11.0x 15.1x
EV/FCF 15.0x 30.6x 39.9x
EV/Operating cash flow 12.3x 21.2x 24.2x
PEG (3Y EPS CAGR) 0.20 0.39 0.49

Growth

14 metrics
MetricJLLAMTSPG
Revenue growth (1Y) 11.4% 5.3% 10.9%
Revenue CAGR (3Y) 11.2% 6.2% 7.5%
Gross profit growth (1Y) – 5.7% –
Gross profit CAGR (3Y) – 6.0% –
Operating income growth (1Y) 44.5% 3.6% 4.0%
Operating income CAGR (3Y) 37.1% 16.9% 6.9%
Net income growth (1Y) 73.0% 12.0% 130.6%
Net income CAGR (3Y) 68.3% 74.5% 30.0%
EPS growth (1Y) 79.7% 13.6% 129.8%
EPS CAGR (3Y) 70.8% 66.9% 29.7%
Operating cash flow growth (1Y) 22.1% 9.0% 7.1%
Operating cash flow CAGR (3Y) 44.6% 6.2% 2.9%
Free cash flow growth (1Y) 21.6% 7.3% -3.4%
Free cash flow CAGR (3Y) 66.4% 11.8% -4.8%

Profitability

14 metrics
MetricJLLAMTSPG
Gross margin – 98.7% –
EBITDA margin 6.2% 63.6% 73.3%
Operating margin 4.9% 44.8% 48.3%
Pretax margin 4.8% 35.3% 32.9%
Net margin 3.9% 30.1% 70.5%
FCF margin 3.9% 36.0% 37.7%
Operating cash flow margin 4.8% 51.8% 62.3%
Return on equity 14.2% 33.8% 87.0%
Return on assets 6.1% 5.4% 13.6%
Return on invested capital 11.7% 9.1% 15.6%
Return on capital employed 13.6% 9.1% –
Asset turnover 1.6x 0.2x 0.2x
Cash conversion (OCF / net income) 1.2x 1.7x 0.8x
Stock comp / revenue – 1.4% –

Financial Health

11 metrics
MetricJLLAMTSPG
Debt / assets 10.7% 59.7% 71.3%
Debt / equity 0.3x 3.8x 4.7x
Net debt / EBITDA 0.8x 5.1x 5.7x
Debt / FCF 1.8x 9.5x 11.3x
Liabilities / assets 57.2% 84.5% 84.7%
Equity / assets 42.8% 15.5% 15.3%
Interest coverage – 3.5x 3.1x
Current ratio 1.1x 0.4x –
Quick ratio 0.4x 0.3x –
Cash ratio 0.1x 0.2x –
Altman Z-score 3.33 1.17 –

Shareholder Returns

7 metrics
MetricJLLAMTSPG
Dividend yield – 3.8% 4.2%
Net buyback yield 4.1% 1.0% 0.2%
Shareholder yield 4.1% 4.8% 4.5%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusJLLAMTSPG
Forward P/E 13.9xFY2026 27.2xFY2026 30.7xFY2026
EPS, next fiscal year $23.99FY2026 $6.75FY2026 $6.87FY2026
EPS growth, next FY +27.6%FY2026 +25.0%FY2026 -51.5%FY2026
EPS growth, the year after +10.6% -0.3% +8.4%
Revenue, next fiscal year $30.87BFY2026 $11.51BFY2026 $7.17BFY2026
Revenue growth, next FY +18.2%FY2026 +8.2%FY2026 +12.8%FY2026
Revenue growth, the year after +3.4% +4.0% -8.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersJLLAMTSPG
Held by institutions 93.2% 94.4% 93.2%
Institutions holding 661 1,743 1,358
Change in shares held, QoQ +0.2% +2.5% +3.8%
Institutions buying 317 860 679
Institutions selling 264 657 463
Buyers to sellers 1.20 1.31 1.47

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.

JLLAMTSPG
JLL 1.00 0.04 0.26
AMT 0.04 1.00 0.27
SPG 0.26 0.27 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, JLL, AMT and SPG?

American Tower (AMT) is the largest by market capitalisation: Jones Lang Lasalle (JLL) $16.09B, American Tower (AMT) $86.69B, Simon Property (SPG) $70.16B.

Which stock is cheaper, JLL, AMT and SPG?

Jones Lang Lasalle (JLL) trades on the lowest price-to-earnings ratio (Jones Lang Lasalle (JLL) 14.7x, American Tower (AMT) 26.2x, Simon Property (SPG) 15.0x). On next year's consensus earnings, Jones Lang Lasalle (JLL) is cheapest (Jones Lang Lasalle (JLL) 13.9x, American Tower (AMT) 27.2x, Simon Property (SPG) 30.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Jones Lang Lasalle (JLL) grew revenue fastest over the trailing twelve months: Jones Lang Lasalle (JLL) +11.4%, American Tower (AMT) +5.3%, Simon Property (SPG) +10.9%.

Which company is more profitable?

Simon Property (SPG) has the highest net margin (Jones Lang Lasalle (JLL) 3.9%, American Tower (AMT) 30.1%, Simon Property (SPG) 70.5%). On return on invested capital, Simon Property (SPG) leads (Jones Lang Lasalle (JLL) 11.7%, American Tower (AMT) 9.1%, Simon Property (SPG) 15.6%).

Which stock has performed better?

Over the past year Simon Property (SPG) returned the most: Jones Lang Lasalle (JLL) +6.8%, American Tower (AMT) +0.6%, Simon Property (SPG) +19.5%. Over five years, Simon Property (SPG) compounded fastest (Jones Lang Lasalle (JLL) +5.2%/yr, American Tower (AMT) -8.2%/yr, Simon Property (SPG) +7.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Simon Property (SPG) has been the steadiest (Jones Lang Lasalle (JLL) 37.5%, American Tower (AMT) 28.3%, Simon Property (SPG) 19.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, JLL, AMT 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, Jones Lang Lasalle (JLL) leads on 5. 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.