8-K Announcements
6Mar 24, 2026·SEC
Mar 5, 2026·SEC
Feb 5, 2026·SEC
Simon Property Group, Inc. (SPG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Simon Property Group, Inc. (SPG) stock price & volume — 10-year historical chart
Simon Property Group, Inc. (SPG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Simon Property Group, Inc. (SPG) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 2, 2026 | $9.35vs $1.90+392.1% | $1.8Bvs $1.5B+20.0% |
| Q4 2025 | Nov 3, 2025 | $3.22vs $3.09+4.2% | $1.6Bvs $1.5B+6.5% |
| Q3 2025 | Aug 4, 2025 | $3.05vs $3.04+0.3% | $1.5Bvs $1.4B+5.2% |
| Q2 2025 | May 12, 2025 | $2.95vs $2.91+1.4% | $1.5Bvs $1.3B+9.6% |
Simon Property Group, Inc. (SPG) competitors in Malls and Outlet Centers — business model, growth, and fundamentals comparison
Simon Property Group, Inc. (SPG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Simon Property Group, Inc. (SPG) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.53B | 5.65B | 5.76B | 4.61B | 5.12B | 5.29B | 5.66B | 5.96B | 6.36B |
| Revenue Growth % | 1.69% | 2.13% | 1.95% | -19.94% | 11.05% | 3.41% | 6.94% | 5.39% | 6.72% |
| Property Operating Expenses | 980.08M | 1.01B | 1.02B | 887.15M | 971.06M | 1B | 1.03B | 1.04B | 909.14M |
| Net Operating Income (NOI) | 4.55B▲ 0% | 4.64B▲ 2.0% | 4.73B▲ 2.1% | 3.72B▼ 21.4% | 4.15B▲ 11.4% | 4.29B▲ 3.5% | 4.63B▲ 7.9% | 4.92B▲ 6.3% | 5.46B▲ 10.9% |
| NOI Margin % | 82.27% | 82.14% | 82.25% | 80.75% | 81.02% | 81.08% | 81.83% | 82.5% | 85.72% |
| Operating Expenses | 1.74B | 1.71B | 1.82B | 1.75B | 1.73B | 1.71B | 1.82B | 1.83B | 2.28B |
| G&A Expenses | 202.84M | 197.78M | 185.2M | 121.19M | 144.64M | 142.76M | 165.86M | 189.29M | 281.55M |
| EBITDA | 4.16B | 4.28B | 4.31B | 3.33B | 3.74B | 3.88B | 4.14B | 4.45B | 4.66B |
| EBITDA Margin % | 75.26% | 75.75% | 74.84% | 72.2% | 73.07% | 73.24% | 73.17% | 74.66% | 73.19% |
| Depreciation & Amortization | 1.36B | 1.35B | 1.39B | 1.35B | 1.33B | 1.29B | 1.33B | 1.36B | 1.48B |
| D&A / Revenue % | 24.56% | 23.91% | 24.22% | 29.41% | 25.91% | 24.42% | 23.57% | 22.8% | 23.29% |
| Operating Income | 2.8B▲ 0% | 2.93B▲ 4.4% | 2.91B▼ 0.5% | 1.97B▼ 32.3% | 2.41B▲ 22.4% | 2.58B▲ 7.1% | 2.81B▲ 8.6% | 3.09B▲ 10.2% | 3.18B▲ 2.7% |
| Operating Margin % | 50.7% | 51.84% | 50.61% | 42.8% | 47.16% | 48.83% | 49.6% | 51.86% | 49.89% |
| Interest Expense | 809.39M | 815.92M | 789.35M | 784.4M | 795.71M | 761.25M | 854.65M | 905.8M | 974.84M |
| Interest Coverage | 3.46x | 3.59x | 3.69x | 2.51x | 3.03x | 3.39x | 3.28x | 3.41x | 3.26x |
| Non-Operating Income | -275.3M | -748.87M | -329.81M | -85.28M | -1.11B | -713.6M | -746.52M | -565.28M | -3.12B |
| Pretax Income | 2.27B▲ 0% | 2.86B▲ 26.1% | 2.45B▼ 14.2% | 1.27B▼ 48.1% | 2.73B▲ 114.2% | 2.54B▼ 7.0% | 2.7B▲ 6.4% | 2.75B▲ 2.0% | 5.4B▲ 96.2% |
| Pretax Margin % | 41.04% | 50.65% | 42.63% | 27.62% | 53.27% | 47.92% | 47.69% | 46.15% | 84.84% |
| Income Tax | 23.34M | 36.9M | 30.05M | -4.64M | 157.2M | 83.51M | 81.87M | 23.26M | 35.79M |
| Effective Tax Rate % | 1.03% | 1.29% | 1.23% | -0.36% | 5.77% | 3.29% | 3.03% | 0.85% | 0.66% |
| Net Income | 1.95B▲ 0% | 2.44B▲ 25.3% | 2.1B▼ 13.9% | 1.11B▼ 47.1% | 2.25B▲ 102.2% | 2.14B▼ 4.9% | 2.28B▲ 6.7% | 2.37B▲ 3.8% | 4.61B▲ 94.7% |
| Net Margin % | 35.24% | 43.22% | 36.52% | 24.15% | 43.97% | 40.43% | 40.35% | 39.75% | 72.51% |
| Net Income Growth % | 5.93% | 25.26% | -13.87% | -47.06% | 102.2% | -4.89% | 6.71% | 3.84% | 94.65% |
| Funds From Operations (FFO) | 3.31B▲ 0% | 3.79B▲ 14.7% | 3.5B▼ 7.8% | 2.47B▼ 29.4% | 3.58B▲ 44.9% | 3.43B▼ 4.0% | 3.62B▲ 5.4% | 3.73B▲ 3.2% | 6.1B▲ 63.4% |
| FFO Margin % | 59.8% | 67.13% | 60.74% | 53.56% | 69.88% | 64.85% | 63.91% | 62.56% | 95.81% |
| FFO Growth % | 4.37% | 14.66% | -7.76% | -29.41% | 44.9% | -4.02% | 5.39% | 3.15% | 63.44% |
| FFO per Share | 10.61 | 12.24 | 11.35 | 7.99 | 10.88 | 10.47 | 11.07 | 11.44 | 18.70 |
| FFO Payout Ratio % | 67.51% | 64.62% | 73.2% | 58.49% | 9.43% | 9.52% | 67.44% | 70.9% | 0% |
| EPS (Diluted) | 6.24▲ 0% | 7.88▲ 26.3% | 6.79▼ 13.8% | 3.59▼ 47.1% | 6.84▲ 90.5% | 6.52▼ 4.7% | 6.98▲ 7.1% | 7.26▲ 4.0% | 14.14▲ 94.8% |
| EPS Growth % | 6.3% | 26.28% | -13.83% | -47.13% | 90.53% | -4.68% | 7.06% | 4.01% | 94.77% |
| EPS (Basic) | 6.24 | 7.88 | 6.79 | 3.59 | 6.84 | 6.52 | 6.97 | 7.26 | 14.14 |
| Diluted Shares Outstanding | 311.52M | 309.63M | 307.95M | 308.74M | 328.59M | 327.82M | 326.81M | 326.1M | 326.02M |
Simon Property Group, Inc. (SPG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 32.26B | 30.69B | 31.23B | 34.79B | 33.78B | 33.01B | 34.28B | 32.41B | 40.61B |
| Asset Growth % | 3.71% | -4.87% | 1.78% | 11.38% | -2.9% | -2.27% | 3.85% | -5.48% | 25.31% |
| Real Estate & Other Assets | -31.09B | -29.63B | 24.11B | 23.33B | 22.42B | 21.86B | 21.65B | 21.28B | -755.93M |
| PP&E (Net) | 24.46B | 24.21B | 514.66M | 512.91M | 504.12M | 496.93M | 484.07M | 519.61M | 755.93M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Total Current Assets | 2.22B | 1.28B | 1.99B | 2.71B | 2.34B | 2.11B | 3.59B | 2.83B | 0 |
| Cash & Equivalents | 1.48B | 514.34M | 669.37M | 1.01B | 533.94M | 621.63M | 1.17B | 1.4B | 823.15M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Current Assets | 0 | 0 | -492.58M | -465.79M | -193.17M | -662.33M | 0 | 0 | -823.15M |
| Intangible Assets | 188.46M | 130.64M | 75.75M | 34.96M | 33.28M | 17.77M | 8.71M | 2.75M | 0 |
| Total Liabilities | 27.83B | 26.66B | 28.1B | 31.13B | 29.38B | 29.19B | 30.6B | 28.81B | 33.9B |
| Total Debt | 24.63B | 23.31B | 24.68B | 27.24B | 25.83B | 25.46B | 26.52B | 24.78B | 29.94B |
| Net Debt | 23.15B | 22.79B | 24.01B | 26.23B | 25.29B | 24.84B | 25.35B | 23.38B | 29.12B |
| Long-Term Debt | 23.59B | 22.48B | 22.77B | 26.04B | 24.76B | 24.9B | 25.97B | 24.21B | 29.19B |
| Short-Term Borrowings | 978.47M | 758.68M | 1.33B | 623.02M | 500M | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 68.42M | 67.25M | 584.06M | 580.26M | 570.38M | 561.4M | 545.46M | 579.35M | 756.54M |
| Total Current Liabilities | 2.68B | 2.85B | 4.28B | 4B | 3.51B | 3.19B | 3.46B | 3.4B | 2.72M |
| Accounts Payable | 1.27B | 1.32B | 1.39B | 1.31B | 1.43B | 1.49B | 1.69B | 1.71B | 0 |
| Deferred Revenue | -978.47M | -758.68M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 520.36M | 500.6M | 464.3M | 513.51M | 540.91M | 535.74M | 621.6M | 626.15M | -29.94B |
| Total Equity | 4.43B▲ 0% | 4.03B▼ 9.1% | 3.13B▼ 22.3% | 3.66B▲ 16.9% | 4.4B▲ 20.3% | 3.82B▼ 13.1% | 3.69B▼ 3.6% | 3.6B▼ 2.4% | 6.71B▲ 86.3% |
| Equity Growth % | -13.11% | -9.08% | -22.27% | 16.86% | 20.3% | -13.11% | -3.56% | -2.39% | 86.29% |
| Shareholders Equity | 3.69B | 3.3B | 2.53B | 3.04B | 3.36B | 3.14B | 3.02B | 2.94B | 5.21B |
| Minority Interest | 743.08M | 730.44M | 603.91M | 618.77M | 1.04B | 685.37M | 664.76M | 657.53M | 1.5B |
| Common Stock | 32K | 32K | 32K | 34K | 34K | 34K | 33K | 33K | 33K |
| Additional Paid-in Capital | 9.61B | 9.7B | 9.76B | 11.18B | 11.21B | 11.23B | 11.41B | 11.58B | 12.35B |
| Retained Earnings | -4.78B | -4.89B | -5.38B | -6.1B | -5.82B | -5.93B | -6.1B | -6.38B | -4.61B |
| Preferred Stock | 43.08M | 42.75M | 42.42M | 42.09M | 41.76M | 41.44M | 41.11M | 40.78M | 40.45M |
| Return on Assets (ROA) | 6.15% | 7.75% | 6.79% | 3.37% | 6.56% | 6.41% | 6.79% | 7.11% | 12.64% |
| Return on Equity (ROE) | 40.89% | 57.71% | 58.72% | 32.78% | 55.83% | 52.03% | 60.79% | 65.07% | 89.57% |
| Debt / Assets | 76.36% | 75.95% | 79.02% | 78.3% | 76.47% | 77.12% | 77.35% | 76.48% | 73.74% |
| Debt / Equity | 5.56x | 5.79x | 7.88x | 7.45x | 5.87x | 6.66x | 7.19x | 6.89x | 4.47x |
| Net Debt / EBITDA | 5.57x | 5.33x | 5.57x | 7.88x | 6.76x | 6.41x | 6.12x | 5.25x | 6.25x |
| Book Value per Share | 14.22 | 13.01 | 10.16 | 11.85 | 13.39 | 11.66 | 11.28 | 11.04 | 20.57 |
Simon Property Group, Inc. (SPG) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 3.59B | 3.75B | 3.81B | 2.33B | 3.64B | 3.77B | 3.93B | 3.81B | 0 |
| Operating CF Growth % | 6.56% | 4.37% | 1.52% | -38.9% | 56.33% | 3.55% | 4.36% | -2.95% | -100% |
| Operating CF / Revenue % | 65.02% | 66.44% | 66.16% | 50.5% | 71.09% | 71.18% | 69.46% | 63.96% | 0% |
| Net Income | 1.95B | 2.44B | 2.42B | 1.28B | 2.57B | 2.45B | 2.28B | 2.73B | 4.63B |
| Depreciation & Amortization | 1.36B | 1.35B | 1.39B | 1.35B | 1.33B | 1.29B | 1.26B | 1.36B | 0 |
| Stock-Based Compensation | 23M | 0 | 26.8M | 1.9M | 24.8M | 24.7M | 0 | 0 | 82.54M |
| Other Non-Cash Items | 324.66M | -30.39M | 26.87M | 119.41M | -648.93M | -126.78M | 127.43M | -201.75M | -4.71B |
| Working Capital Changes | -59.18M | -8.65M | -36.4M | -425.02M | 391.73M | 148.89M | 258.13M | -72.48M | 0 |
| Cash from Investing | -761.47M | -236.51M | -1.08B | -3.98B | -552.76M | -626.56M | -1.36B | 1.41B | 0 |
| Acquisitions (Net) | -421.66M | -114.46M | -76.59M | -3.8B | -313.98M | -439.16M | -149.79M | -168.76M | 0 |
| Purchase of Investments | -25M | -21.56M | -374.23M | -32.95M | -33.6M | -66.14M | -1.03B | -841.19M | 0 |
| Sale of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Investing | 361.03M | 656.42M | -625.89M | 306.74M | 257.25M | 502.67M | 307.5M | 390.32M | 0 |
| Cash from Financing | -1.91B | -4.48B | -2.58B | 1.99B | -3.56B | -3.05B | -2.02B | -4.99B | 0 |
| Dividends Paid | -2.23B | -2.45B | -2.56B | -1.45B | -2.35B | -2.26B | -2.44B | -2.65B | 0 |
| Common Dividends | -2.23B | -2.45B | -2.56B | -1.44B | -337.02M | -326.55M | -2.44B | -2.65B | 0 |
| Debt Issuance (Net) | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | -1000K | 0 |
| Share Repurchases | -410.12M | -438.85M | -369.9M | -169.55M | -2.32M | -515.9M | -518.29M | -10.56M | 0 |
| Other Financing | -351.76M | -531.21M | -539.02M | -227.15M | -382.64M | -328.7M | -34.04M | -462.11M | 0 |
| Net Change in Cash | 922.25M▲ 0% | -967.97M▼ 205.0% | 155.04M▲ 116.0% | 342.24M▲ 120.7% | -477.68M▼ 239.6% | 87.69M▲ 118.4% | 547.36M▲ 524.2% | 231.35M▼ 57.7% | -577.2M▼ 349.5% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K |
| Cash at Beginning | 560.06M | 1.48B | 514.34M | 669.37M | 1.01B | 533.94M | 621.63M | 1.17B | 1.4B |
| Cash at End | 1.48B | 514.34M | 669.37M | 1.01B | 533.94M | 621.63M | 1.17B | 1.4B | 823.15M |
| Free Cash Flow | 2.86B▲ 0% | 2.97B▲ 3.7% | 2.93B▼ 1.2% | 1.84B▼ 37.2% | 3.11B▲ 68.8% | 3.12B▲ 0.2% | 3.14B▲ 0.7% | 3.06B▼ 2.5% | 0▼ 100.0% |
| FCF Growth % | 11.17% | 3.75% | -1.25% | -37.15% | 68.76% | 0.23% | 0.67% | -2.5% | -100% |
| FCF / Revenue % | 51.77% | 52.59% | 50.94% | 39.99% | 60.77% | 58.9% | 55.44% | 51.29% | 0% |
Simon Property Group, Inc. (SPG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 10.13 | 10.61 | 12.24 | 11.35 | 7.99 | 10.88 | 10.47 | 11.07 | 11.44 | 18.7 |
| FFO Payout Ratio | 64.34% | 67.51% | 64.62% | 73.2% | 58.49% | 9.43% | 9.52% | 67.44% | 70.9% | 0% |
| NOI Margin | 82.13% | 82.27% | 82.14% | 82.25% | 80.75% | 81.02% | 81.08% | 81.83% | 82.5% | 85.72% |
| Net Debt / EBITDA | 5.54x | 5.57x | 5.33x | 5.57x | 7.88x | 6.76x | 6.41x | 6.12x | 5.25x | 6.25x |
| Debt / Assets | 73.87% | 76.36% | 75.95% | 79.02% | 78.3% | 76.47% | 77.12% | 77.35% | 76.48% | 73.74% |
| Interest Coverage | 3.17x | 3.46x | 3.59x | 3.69x | 2.51x | 3.03x | 3.39x | 3.28x | 3.41x | 3.26x |
| Book Value / Share | 16.3 | 14.22 | 13.01 | 10.16 | 11.85 | 13.39 | 11.66 | 11.28 | 11.04 | 20.57 |
| Revenue Growth | 3.21% | 1.69% | 2.13% | 1.95% | -19.94% | 11.05% | 3.41% | 6.94% | 5.39% | 6.72% |
Simon Property Group, Inc. (SPG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 24, 2026·SEC
Mar 5, 2026·SEC
Feb 5, 2026·SEC
Simon Property Group, Inc. (SPG) stock FAQ — growth, dividends, profitability & financials explained
Simon Property Group, Inc. (SPG) reported $6.36B in revenue for fiscal year 2025. This represents a 740% increase from $757.3M in 1996.
Simon Property Group, Inc. (SPG) grew revenue by 6.7% over the past year. This is steady growth.
Yes, Simon Property Group, Inc. (SPG) is profitable, generating $4.61B in net income for fiscal year 2025 (72.5% net margin).
Simon Property Group, Inc. (SPG) has a return on equity (ROE) of 89.6%. This is excellent, indicating efficient use of shareholder capital.
Simon Property Group, Inc. (SPG) generated Funds From Operations (FFO) of $6.10B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Simon Property Group, Inc. (SPG) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates