Simon Property Group SPG · USD
Real Estate · Equity Real Estate Investment Trusts (REITs) · US listing · 🇺🇸 United States
S&P 500
233.01
+2.01%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$6.36bn
FY2016FY2025
Net income
$4.61bn
FY2016FY2025
Free cash flow
$3.57bn
FY2016FY2025
Shareholders' equity
$5.21bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.36bn | $5.96bn | $5.66bn | $5.29bn | $5.12bn | $4.61bn | $5.76bn | $5.65bn | $5.53bn | $5.44bn |
| Gross profit | $5.46bn | $4.92bn | $4.73bn | $4.29bn | $4.15bn | $3.72bn | $4.73bn | $4.64bn | $4.55bn | $4.46bn |
| Research and development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating income | $4.15bn | $3.09bn | $2.81bn | $2.58bn | $2.41bn | $1.97bn | $2.91bn | $2.93bn | $2.80bn | $2.72bn |
| Net income | $4.61bn | $2.37bn | $2.62bn | $2.14bn | $2.25bn | $1.11bn | $2.10bn | $2.44bn | $1.95bn | $1.84bn |
| Diluted earnings per share | 14.16 | 7.27 | 8.03 | 6.54 | 6.85 | 3.51 | 6.84 | 7.89 | 6.27 | 5.86 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $40.61bn | $32.41bn | $34.28bn | $33.01bn | $33.78bn | $34.79bn | $31.23bn | $30.69bn | $32.26bn | $31.10bn |
| Cash and short-term investments | $823.1m | $1.40bn | $2.17bn | $621.6m | $533.9m | $1.01bn | $669.4m | $514.3m | $1.48bn | $560.1m |
| Total liabilities | $33.90bn | $28.81bn | $30.60bn | $29.19bn | $29.38bn | $31.13bn | $28.10bn | $26.66bn | $27.83bn | $26.01bn |
| Debt | $28.43bn | $24.26bn | $26.03bn | $24.96bn | $25.32bn | $26.72bn | $24.16bn | $23.31bn | $24.63bn | $22.98bn |
| Shareholders' equity | $5.21bn | $2.94bn | $3.02bn | $3.14bn | $3.36bn | $3.66bn | $3.13bn | $4.03bn | $4.43bn | $5.10bn |
| Shares outstanding | 326m | 326m | 326m | 327m | 329m | 317m | 307m | 309m | 311m | 314m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $4.48bn | $3.81bn | $3.93bn | $3.77bn | $3.64bn | $2.33bn | $3.81bn | $3.75bn | $3.59bn | $3.37bn |
| Capital spending | −$912.3m | −$755.6m | −$793.3m | −$650.0m | −$527.9m | −$484.1m | −$876.0m | −$781.9m | −$732.1m | −$798.5m |
| Free cash flow | $3.57bn | $3.06bn | $3.14bn | $3.12bn | $3.11bn | $1.84bn | $2.93bn | $2.97bn | $2.86bn | $2.57bn |
| Dividends paid | −$2.79bn | −$2.65bn | −$2.44bn | −$2.59bn | −$2.69bn | −$1.66bn | −$2.95bn | −$2.45bn | −$2.23bn | −$2.04bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.79bn | $1.76bn | $1.79bn | $1.60bn | $1.50bn | $1.47bn | $1.58bn | $1.48bn |
| Gross profit | $1.53bn | $1.41bn | $1.64bn | $1.34bn | $1.28bn | $1.20bn | $1.31bn | $1.22bn |
| Operating income | $824.1m | $762.2m | $890.7m | $812.9m | $744.2m | $727.6m | $835.7m | $767.8m |
| Net income | −$480.4m | $480.4m | $3.05bn | $594.4m | $557.0m | $414.5m | $668.1m | $476.0m |
| Diluted earnings per share | -1.48 | 1.48 | 9.35 | 1.82 | 1.71 | 1.27 | 2.05 | 1.46 |
| Cash from operations | $1.20bn | $833.0m | $1.21bn | $890.0m | $1.22bn | $827.0m | $1.08bn | $892.0m |
| Capital spending | −$208.0m | −$208.0m | −$232.0m | −$205.0m | −$244.0m | −$230.0m | −$217.0m | −$186.0m |
| Free cash flow | $987.0m | $625.0m | $982.0m | $685.0m | $971.0m | $597.0m | $868.0m | $706.0m |
| Total assets | $39.71bn | $39.64bn | $40.61bn | $33.60bn | $33.30bn | $32.50bn | $32.41bn | $33.28bn |
| Cash and short-term investments | $1.02bn | $543.0m | $823.1m | $1.55bn | $1.23bn | $1.38bn | $1.40bn | $2.47bn |
| Debt | — | $28.25bn | $34.23bn | $25.79bn | $25.40bn | $27.45bn | $26.95bn | $26.43bn |
| Shareholders' equity | $4.43bn | $4.86bn | $5.21bn | $2.35bn | $2.45bn | $2.61bn | $2.94bn | $2.71bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.3% | 6.7% | 1.9% |
| Operating income | 17.1% | 16.0% | 4.5% |
| Net income | 29.2% | 32.9% | 9.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 84.2% | 83.3% | 82.6% | 82.4% |
| Operating margin | 58.8% | 54.3% | 51.6% | 51.2% |
| Net margin | 56.7% | 50.4% | 45.8% | 41.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.1 | 23.7 | 17.8 | 17.9 | 23.3 | 24.3 | 21.8 | 21.3 | 27.4 | 30.3 |
| Price to sales | 9.5 | 9.4 | 8.2 | 7.3 | 10.3 | 5.9 | 8.0 | 9.2 | 9.7 | 10.3 |
Market value over time
31 Oct 2016 to 11 Sept 2026, in USD
$58.39bn$66.37bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 8% | 18% | 26% | -21% | 75% | -43% | -13% | 2% | -10% | -5% |
Dividends and splits
Per share, in the currency the company pays
Paid for 26 years. Last went ex-dividend on 9 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 6.70 | 8.55 | 8.10 | 7.45 | 6.90 | 5.85 | 6.00 | 8.30 |
- 1.006-for-1 split · 12 Nov 2009
- 1.007-for-1 split · 13 Aug 2009
- 1.009-for-1 split · 12 May 2009
- 1.024-for-1 split · 10 Feb 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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