Simon Property Group, Inc.

Simon Property Group, Inc.

SPG
Simon Property Group, Inc.US flagNew York Stock Exchange
204.70
USD
+0.54
- -
66.38BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
14.65
15.68
16.98
17.38
17.74
18.23
18.68
14.92
15.57
16.14
17.32
18.29
19.5
21.33
Basic EPS, GAAP
4.24
4.52
5.88
5.87
6.24
7.87
6.81
3.59
6.84
6.52
6.98
7.26
14.17
14.19
Free Cash Flow per Basic Share
8.71
8.79
9.75
10.79
11.54
12.11
12.36
7.54
11.07
11.49
12.03
11.7
12.67
12.67
Dividend per Share
5.45
6.04
7.08
7.53
8.26
9.11
9.57
5.39
8.19
7.91
8.56
9.34
9.91
10.27
Book Value per Share
18.69
16.25
14.31
13.63
11.73
10.53
8.09
9.12
10.1
9.47
9.15
8.89
15.89
13.58
Tangible Book Value per Share
17.48
15.24
13.42
12.72
11.06
10.04
7.78
8.96
9.94
9.36
9.06
8.82
15.68
13.58
Basic Weighted Avg Shares
310
311
310
313
312
310
308
309
329
328
327
326
326
325
Sales/Revenue/Turnover
4,544
4,871
5,266
5,435
5,527
5,645
5,755
4,608
5,117
5,291
5,659
5,964
6,365
6,941
Operating Margin (%)
48.17
48.97
50.68
50.06
50.7
51.84
50.61
42.8
47.16
48.83
49.6
51.86
49.89
47.4
Depreciation Expense
1,333
1,286
1,239
1,328
1,357
1,350
1,394
1,355
1,326
1,292
1,334
1,360
1,554
1,862
Net Income, GAAP
1,320
1,409
1,828
1,839
1,948
2,440
2,102
1,113
2,250
2,140
2,283
2,371
4,628
4,620
Effective Tax Rate (%)
2.81
1.7
0.93
1.37
1.03
1.29
1.23
- -
5.77
3.29
3.03
0.85
0.66
3.95
Profit Margin (%)
29.04
28.92
34.71
33.83
35.24
43.22
36.52
24.15
43.97
40.43
40.35
39.75
72.71
66.57
Working Capital
2,304
-1,271
-1,860
-1,851
-845
-1,817
-2,290
-1,285
-1,171
-1,086
132
-566
-1,737
-1,714
LT Debt
22,670
20,444
21,538
22,023
23,654
22,547
23,353
26,616
25,328
25,458
26,518
24,785
28,832
29,428
Total Equity
7,013
5,977
5,242
5,098
4,429
4,027
3,130
3,658
4,401
3,824
3,688
3,599
6,705
5,847
Return on Invested Capital (%)
7.11
8.3
9.7
9.63
9.71
10.24
10.44
- -
7.44
8.4
9.15
10.47
9.81
- -
Return on Capital (%)
7.15
7.58
8.92
8.57
8.58
10.15
9.28
- -
8.77
8.61
9.34
9.94
15.12
16.02
Return on Common Equity (%)
22.56
25.89
38.5
42.22
49.17
70.66
73.14
40.47
71.12
66.58
75.01
80.49
114.62
135.7

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
355
- -
- -
LT Borrowings
28,075
28,248
28,700
LT Finance Leases
757
735
728
Preferred Equity and Hybrid Capital
40
40
40
Shares Outstanding
325
324
324
Market Capitalization
60,202
60,490
72,364

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,315
1,424
1,903
Cash, Cash Equivalents & STI
823
543
1,019
Accounts Receivable, Net
934
881
884
Inventories
- -
- -
- -
Total Current Liabilities
4,052
3,495
3,617
Payables & Accruals
3,697
3,495
3,617
ST Debt
355
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.72%
17.51%
86.29%
Free Cash Flow
5.48%
13.95%
8.44%
Net Income, GAAP
17.39%
40.61%
95.18%
Sales/Revenue/Turnover
2.25%
6.7%
6.72%
Total Cash Common Dividend
6.82%
16.22%
6.16%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,443
1,458
1,481
1,582
5,964
2025
1,473
1,498
1,602
1,791
6,365
2026
1,757
1,791
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.25
1.51
1.46
2.04
7.26
2025
1.27
1.7
1.86
9.35
14.17
2026
1.48
1.49
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.25
2.3
2.36
2.43
9.34
2025
2.43
2.43
2.49
2.56
9.91
2026
2.58
2.64
- -
- -
- -

Company Description

CEO
Eli Simon
Full Time Employees
3,350
Sector
Real Estate
Industry
REIT - Retail
Address
225 West Washington Street Indianapolis IN United States of America 46204-3438
IPO Date
Dec 14, 1993
Website
simon.com
Business
Simon Property Group, Inc. (SPG) owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations across North America, Asia, and Europe. The company operates a diversified portfolio of approximately 200 properties, including flagship regional malls such as The Forum Shops at Caesars Palace and King of Prussia Mall; premium outlets under the Simon and Premium Outlets brands; The Mills destinations featuring value-oriented super-regional malls with entertainment components; lifestyle centers; international premium outlets; and mixed-use developments incorporating office, residential, and hotel spaces. Simon provides property management, leasing, marketing, and development services to its tenants, which include leading retailers, restaurants, and experiential brands targeting affluent consumers seeking omnichannel shopping experiences. Founded in 1960 and headquartered in Indianapolis, Indiana, Simon Property Group serves as the parent company for subsidiaries such as Simon Property Group, L.P., its operating partnership, and maintains joint ventures for international operations in countries including Japan, South Korea, Mexico, and the United Kingdom. The company caters to retail real estate sectors, focusing on high-barrier-to-entry markets with strong demographics and traffic drivers like tourism and employment centers. Its business segments encompass U.S. malls and premium outlets, international premium outlets, and other retail properties, generating revenue primarily from base minimum rents, overage rents, and ancillary services. In recent developments, Simon Property Group has pursued strategic expansions through high-profile partnerships, including a continued collaboration with J.C. Penney for experiential retail concepts and alliances with brands like Authentic Brands Group for property repositioning. The company completed the acquisition of Taubman Centers in 2023, bolstering its ownership of luxury malls such as Twelve Oaks Mall and The Pier Shops at Caesars, and announced new mixed-use developments integrating residential and office components at key properties. Additionally, Simon launched innovative service offerings such as Simon Search for leasing digital marketing solutions and expanded its SPG Rewards loyalty program, while navigating post-pandemic recovery with occupancy rates exceeding 95% as of late 2025.

Company News

  • The REIT Conundrum

  • Simon Property Group Sees Leasing Surge as Traffic, Rents and Retail Demand Rise

  • Simon Property Group, Inc. (SPG) Presents at BofA NY Global Real Estate Conference 2026 Transcript

  • Simon® Launches 'It's a Simon® Thing' National Brand Campaign Celebrating the Moments That Bring People Together

  • Insider Sells 1,434 Shares of Legendary REIT

  • One Retail REIT Cut Its Dividend in 2020 but Crushed Its Peer Since. Which Is Roth Ready?

  • Simon Property Group, Inc. $SPG Shares Acquired by Corient Private Wealth LP

  • Simon® to Present at the BofA Securities 2026 Global Real Estate Conference

  • Simon Property Group Sells $800 Million of Senior Notes

  • Simon Property (SPG) Down 3.5% Since Last Earnings Report: Can It Rebound?

  • Jim Cramer: Reliance Is ‘Terrific,' but He Prefers This Steel Stock

  • Simon Property Group, Inc. $SPG Holdings Raised by California State Teachers Retirement System

  • High-Yield Dividend Investors Could Be Making This Expensive Tax Mistake

  • Top Real Estate Stocks To Watch Today – August 31st

  • Simon Launches Media Network to Unlock Value From Mall Traffic

  • Simon® Launches Simon Media Network™, Turning Real-World Consumer Behavior Into Measurable Business Impact

  • Simon Property Group, Inc. $SPG Shares Sold by Adelante Capital Management LLC

  • 19,456 Shares in Simon Property Group, Inc. $SPG Acquired by B. Metzler seel. Sohn & Co. AG

  • Advisors Capital Management LLC Takes Position in Simon Property Group, Inc. $SPG

  • Which Retail Real Estate Stock Has Dominated in 2026: Realty Income, Simon Property Group, or Kimco Realty?