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Simon Property Group SPG · USD

Real Estate · Equity Real Estate Investment Trusts (REITs) · US listing · 🇺🇸 United States

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Close of 9 Nov 2026, in USD

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About Simon Property Group

From its filings with the US Securities and Exchange Commission

SEC filings

Simon Property Group is based in Indianapolis, Indiana and is incorporated in Indiana. Its shares trade on NYSE under the ticker SPG. It is a member of the S&P 500. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported revenue of $6.36bn and net income of $5.36bn. At that date it held total assets of $40.61bn and shareholders' equity of $5.21bn.

In its own words

We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets®, and The Mills®. As of December 31, 2025, we owned or held an interest in 212 income-producing properties in the United States, which consisted of 108 malls, 70 Premium Outlets, 16 Mills, six lifestyle centers, and 12 other retail properties in 38 states and Puerto Rico. Internationally, as of December 31, 2025, we had ownership interests in 42 properties primarily located in Asia, Europe and Canada. As of December 31, 2025, we also owned a 22.2% equity stake in Klépierre SA, or Klépierre, a publicly traded, Paris-based real estate company, which owns, or has an interest in, shopping centers located in 13 countries in Europe. We also have interests in investments in retail operations (such as Catalyst Brands LLC); an e-commerce venture (Rue Gilt Groupe, or RGG, which operates shop.simon.com), and Jamestown (a global real estate investment and management company), collectively, our other platform investments.

As of December 31, 2024, and until October 31, 2025, we owned an 88% noncontrolling interest in The Taubman Realty Group, LLC, or TRG. As further discussed in Note 4 to the financial statements, on October 31, 2025, we acquired the remaining 12% interest which we did not previously own, or the TRG Acquisition.

Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Real Estate
Industry
Equity Real Estate Investment Trusts (REITs)
Listed since
14 Dec 1993
Employees
3,600
Website
simon.com ↗
Head office
225 WEST WASHINGTON STREET, INDIANAPOLIS, IN, 46204-3438
Incorporated in
IN
Classification
Real Estate Investment Trusts
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Mr. David SimonChairman of the Board, President, Chief Executive Officer, since 1993$61.4m
  • Mr. Richard SokolovVice Chairman of the Board, since 1996$5.0m
  • Mr. Brian McdadeChief Financial Officer, Executive Vice President$12.9m
  • Mr. Eli SimonExecutive Vice President, Chief Investment Officer, Director, since 2024
  • Mr. Donald FreyExecutive Vice President, Treasurer
  • Mr. Adam ReuilleSenior Vice President, Chief Accounting Officer$3.8m
  • Mr. John RulliChief Administrative Officer, since 2021$6.6m
  • Mr. Steven FivelGeneral Counsel, Secretary$12.4m
  • Mr. Kevin KellyAssistant General Counsel, Assistant Secretary
  • Mr. Larry GlasscockLead Independent Director$367,354
  • Ms. Glyn AeppelIndependent Director$316,610
  • Mrs. Nina JonesIndependent Director$360,708

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
85
Environment
96
Social
93
Governance
66
Direct emissions (scope 1)
22,241 t
Energy emissions (scope 2)
170,074 t
Value chain emissions (scope 3)
954,176 t
Women in the workforce
41.34708%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Simon Property Group Inc. is one of the largest real estate investment trusts (REITs) in the world, specializing in retail properties. With a strong track record and extensive portfolio, the company has established itself as a leader in the industry.
  • Simon Property Group holds a significant market share in the retail real estate sector, giving it a competitive edge over its rivals. The company's prime locations and well-known shopping destinations attract high-quality tenants, resulting in stable rental income.
  • The company owns and manages a diverse range of retail properties, including regional malls, premium outlets, and mixed-use developments. This diversification minimizes risk, provides income stability, and allows Simon Property Group to cater to various consumer preferences.

Weaknesses

  • Although Simon Property Group Inc. has numerous strengths, it is not without certain weaknesses that could impact its performance.
  • The company's success is closely tied to the well-being of the retail industry. Any downturn in consumer spending or shifts in consumer behavior can affect the demand for retail space and potentially lower occupancy rates.
  • Simon Property Group carries a significant amount of debt, which increases its financial obligations. This could limit the company's flexibility in pursuing new opportunities, especially during periods of economic uncertainty.

Opportunities

  • Simon Property Group Inc. operates in a dynamic market, presenting several opportunities for growth and innovation.
  • The rise of e-commerce offers an opportunity for Simon Property Group to adapt its properties and explore omni-channel retail strategies. By integrating online and offline experiences, the company can attract tenants and enhance the shopping experience for consumers.
  • Simon Property Group can further expand its presence in international markets, leveraging its expertise to develop and manage retail properties in emerging economies. This would diversify its revenue streams and reduce dependency on any single market.

Threats

  • Despite its strengths, Simon Property Group Inc. faces various threats that could impact its operations and profitability.
  • The evolving retail landscape, including the growth of online shopping and changing consumer preferences, poses a threat to traditional brick-and-mortar retail. To withstand this disruption, Simon Property Group needs to continually innovate and adapt its properties to meet the evolving needs of tenants and consumers.
  • Economic downturns and recessionary periods can significantly impact consumer spending and, consequently, the demand for retail space. Simon Property Group needs to be prepared for potential decreases in occupancy rates and rental income during such challenging economic conditions.

Sources and methodology

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