Simon Property Group, Inc.

Simon Property Group, Inc.

SPG
Simon Property Group, Inc.US flagNew York Stock Exchange
212.82
USD
+0.93
- -
69.01BMarket Cap
Simon Property Group, Inc.
SPG
(New York Stock Exchange)

Recent

price

212.82

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
13.6
14.67
14.04
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
20.39
Revenue per Share
2.1
3.48
4.72
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
14.39
Basic EPS, GAAP
6.03
6.83
8.29
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
12.71
Free Cash Flow per Basic Share
3.16
4.24
4.9
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
10.06
Dividend per Share
-10.7
-11.08
-10.17
-10.37
-13.54
-13.76
-14.26
-15.35
-15.8
-17.46
-19.77
-17.72
-18.08
-18.65
-19.57
-14.12
-14.95
Book Value per Share
19.2
18.64
21.51
21.25
18.09
15.87
15.25
13.41
12.38
9.71
11.53
13.1
11.42
11.07
10.84
20.21
19.31
Tangible Book Value per Share
291
294
303
310
311
310
313
312
310
308
309
329
328
327
326
326
326
Basic Weighted Avg Shares
3,958
4,306
4,256
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
6,649
Sales/Revenue/Turnover
45.88
45.12
46.99
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
48.28
Operating Margin (%)
1,016
1,112
1,301
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
1,731
Depreciation Expense
617
1,025
1,434
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
4,693
Net Income, GAAP
0.57
0.92
1
2.81
1.7
0.93
1.37
1.03
1.29
1.23
- -
5.77
3.29
3.03
0.85
0.66
0.43
Effective Tax Rate (%)
15.59
23.8
33.7
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
70.59
Profit Margin (%)
45
493
66
2,304
-1,271
-1,860
-1,851
-845
-1,817
-2,290
-1,285
-1,171
-1,086
132
-566
-1,737
-2,071
Working Capital
17,474
18,446
23,113
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
28,982
LT Debt
5,634
5,812
7,071
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
6,337
Total Equity
7.7
8.13
7.27
7.11
8.3
9.7
9.63
9.71
10.24
10.44
- -
7.44
8.4
9.15
10.47
9.81
10.01
Return on Invested Capital (%)
9.49
11.25
11.73
10.21
11.2
13.31
12.47
12.27
14.38
13.08
- -
12.5
12.4
13.42
14.47
21.49
22.06
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
355
- -
LT Borrowings
25,789
28,075
28,248
LT Finance Leases
530
757
735
Preferred Equity and Hybrid Capital
41
40
40
Shares Outstanding
326
325
324
Market Capitalization
61,254
60,414
60,814

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,372
2,315
1,424
Cash, Cash Equivalents & STI
1,553
823
543
Accounts Receivable, Net
819
934
881
Inventories
- -
- -
- -
Total Current Liabilities
3,398
4,052
3,495
Payables & Accruals
3,398
3,697
3,495
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
- -
- -
- -
- -

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
- -
- -
- -
- -

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
- -
- -
- -
- -
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

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  • Inflation Reignites, Yields Spike

  • Simon Property Group Q1 Earnings Call Highlights

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  • Simon Property Group: The Place To Be When The Going Gets Tough

  • SPG Q1 FFO Tops Estimates, Dividend and Guidance Raised

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  • Simon Property Group, Inc. (SPG) Q1 2026 Earnings Call Transcript

  • Simon Property Group Sees Retailers Racing to Renew Leases

  • Compared to Estimates, Simon Property (SPG) Q1 Earnings: A Look at Key Metrics