SIMON PROPERTY GROUP INC. SPG

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

Simon Property Group, Inc. is an Indiana corporation that operates as a self-administered and self-managed real estate investment trust, or REIT, under the Internal Revenue Code of 1986, as amended, or the Internal Revenue Code. REITs will generally not be liable for U.S. federal corporate income taxes as long as they distribute not less than 100% of their REIT taxable income. Simon Property Group, L.P. is our majority-owned Indiana partnership subsidiary that owns directly or indirectly all of our real estate properties and other assets. Unless stated otherwise or the context otherwise requires, references to "Simon" mean Simon Property Group, Inc. and references to the "Operating Partnership" mean Simon Property Group, L.P. References to "we," "us" and "our" mean collectively Simon, the Operating Partnership and those entities/subsidiaries owned or controlled by Simon and/or the Operating Partnership. According to the amended and restated Operating Partnership's partnership agreement, the Operating Partnership is required to pay all expenses of Simon.

Last close 211.63 2026-10-23
Market cap $68.57B estimated share count
52-week range 172.19 - 238.50

Valuation FY2025 figures against the last close

P/S10.8x
P/E14.9x
P/FCF21.4x
EV/EBITDA30.3x
Dividend yield—
Diluted EPS14.17

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $6.36B$5.96B$5.66B$5.29B$5.12B$4.61B$5.76B$5.65B$5.53B$5.44B
SG&A $60.9M$44.7M$38.5M$35.0M$30.3M$22.6M$34.9M$46.5M$52.0M$65.1M
Total operating expenses $3.19B$2.87B$2.85B$2.71B$2.70B$2.64B$2.84B$2.72B$2.72B$2.71B
Operating income $3.18B$3.09B$2.81B$2.58B$2.41B$1.97B$2.91B$2.93B$2.80B$2.72B
Interest expense $974.8M$905.8M$854.6M$761.3M$795.7M$784.4M$789.4M$815.9M$809.4M$857.6M
Pre-tax income $5.38B$2.74B$2.69B———————
Income tax $20.3M$9.3M$68.8M———————
Net income $5.36B$2.73B$2.62B$2.45B$2.57B$1.28B$2.42B$2.82B$2.24B$2.13B
EPS, basic 14.177.266.986.526.843.596.81———
EPS, diluted 14.177.266.986.526.843.596.817.876.245.87
Shares, diluted (wtd. avg.) 326.4M326.1M326.8M327.8M328.6M308.7M308.0M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $823.1M$1.40B$1.17B$621.6M$533.9M$1.01B$669.4M$514.3M$1.48B$560.1M
Short-term investments ——$1.00B———————
Goodwill $20.1M$20.1M$20.1M$20.1M$20.1M$20.1M$20.1M$20.1M$20.1M$20.1M
Total assets $40.61B$32.41B$34.28B$33.01B$33.78B$34.79B$31.23B$30.69B$32.26B$31.10B
Long-term debt $28.43B$24.26B$26.03B$24.96B$25.32B$26.72B$24.16B$23.31B$24.63B$22.98B
Total liabilities $33.90B$28.81B$30.60B$29.19B$29.38B$31.13B$28.10B$26.66B$27.83B$26.01B
Retained earnings -$4.61B-$6.38B-$6.10B-$5.93B-$5.82B-$6.10B-$5.38B-$4.89B-$4.78B-$4.46B
Total equity $5.21B$2.94B$3.49B$3.61B$3.85B$3.47B$2.91B$3.80B$4.24B$4.96B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $4.14B$3.81B$3.93B$3.77B$3.64B$2.33B$3.81B$3.75B$3.59B$3.37B
Capital expenditure $934.3M$755.6M$793.3M$650.0M$527.9M$484.1M$876.0M$781.9M$732.1M$798.5M
Investing cash flow -$1.60B$1.41B-$1.36B-$626.6M-$552.8M-$3.98B-$1.08B-$236.5M-$761.5M-$969.0M
Financing cash flow -$3.11B-$4.99B-$2.02B-$3.05B-$3.56B$1.99B-$2.58B-$4.48B-$1.91B-$2.54B
Buybacks $226.8M—$140.6M$180.4M—$152.6M$359.8M$354.1M$407.0M$255.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-019419.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B 8B Revenue, FY2016: 5.4B Net income, FY2016: 2.1B Revenue, FY2017: 5.5B Net income, FY2017: 2.2B Revenue, FY2018: 5.6B Net income, FY2018: 2.8B Revenue, FY2019: 5.8B Net income, FY2019: 2.4B Revenue, FY2020: 4.6B Net income, FY2020: 1.3B Revenue, FY2021: 5.1B Net income, FY2021: 2.6B Revenue, FY2022: 5.3B Net income, FY2022: 2.5B Revenue, FY2023: 5.7B Net income, FY2023: 2.6B Revenue, FY2024: 6B Net income, FY2024: 2.7B Revenue, FY2025: 6.4B Net income, FY2025: 5.4B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $5.44B $5.53B $5.65B $5.76B $4.61B $5.12B $5.29B $5.66B $5.96B $6.36B
Gross profit — — — — — — — — — —
Net income $2.13B $2.24B $2.82B $2.42B $1.28B $2.57B $2.45B $2.62B $2.73B $5.36B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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