Simon Property
SPG
197.59
-4.15
-2.06%
Simon Property
US · SPG
#345 by market cap
Listed 1970
197.59
-4.15
-2.06%
Live - 5344 symbols - heartbeat 150s ago
· 2026-10-08 08:33
Pre-market
197.59
0.00%
After-hours
197.99
+0.20%
Overnight
197.60
+0.01%
Reader sentiment
Are you bullish or bearish on SPG?
Anonymous reader poll. Unscientific, not investment advice.
Revenue annual, last 8 years
Latest year +6.72% YoY
Margins
- Gross margin
- 81.90%
- Operating margin
- 49.89%
- Net margin
- 72.66%
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.65B | 5.76B | 4.61B | 5.12B | 5.29B | 5.66B | 5.96B | 6.36B |
| Gross profit | 4.64B | 4.73B | 3.72B | 4.15B | 4.29B | 4.63B | 4.92B | 5.21B |
| Selling & admin expenses | 197.78M | 185.20M | 121.19M | 144.64M | 142.76M | 165.86M | 189.29M | 216.71M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 2.93B | 2.91B | 1.97B | 2.41B | 2.58B | 2.81B | 3.09B | 3.18B |
| Pretax profit | 2.86B | 2.45B | 1.27B | 2.73B | 2.54B | 2.70B | 2.75B | 5.40B |
| Tax | 36.90M | 30.05M | -4.64M | 157.20M | 83.51M | 81.87M | 23.26M | 35.79M |
| Net profit | 2.82B | 2.42B | 1.28B | 2.57B | 2.45B | 2.62B | 2.73B | 5.36B |
| Basic EPS | 8 | 7 | 4 | 7 | 7 | 7 | 7 | 14 |
| Diluted EPS | 7.87 | 6.81 | 3.59 | 6.84 | 6.52 | 6.98 | 7.26 | 14.17 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 1.47B | 1.50B | 1.60B | 1.79B | 1.76B | 1.79B |
| Gross profit | 1.20B | 1.25B | 1.31B | 1.48B | 1.41B | 1.49B |
| Selling & admin expenses | 46.89M | 50.61M | 54.74M | 64.49M | 88.23M | 51.06M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 727.62M | 744.20M | 812.91M | 890.67M | 762.16M | 824.10M |
| Pretax profit | 470.22M | 678.79M | 717.81M | 3.53B | 548.60M | 584.94M |
| Tax | -7.64M | 35.11M | 15.11M | -6.80M | -19.93M | 10.81M |
| Net profit | 477.86M | 643.68M | 702.70M | 3.54B | 568.54M | 574.13M |
| Basic EPS | 1 | 2 | 2 | 9 | 1 | 1 |
| Diluted EPS | 1.27 | 1.70 | 1.86 | 9.35 | 1.48 | 1.49 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.79B | 1.99B | 2.71B | 2.34B | 2.11B | 3.59B | 2.83B | 2.31B |
| Cash & ST investments | 514.34M | 669.37M | 1.01B | 533.94M | 621.63M | 2.17B | 1.40B | 823.15M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 30.69B | 31.23B | 34.79B | 33.78B | 33.01B | 34.28B | 32.41B | 40.61B |
| Total current liabilities | 3.61B | 4.28B | 4.00B | 3.51B | 3.19B | 3.46B | 3.40B | 4.05B |
| Short-term debt | 758.68M | 1.33B | 623.02M | 500.00M | -- | -- | -- | 355.00M |
| Long-term debt | 22.55B | 22.84B | 26.10B | 24.82B | 24.96B | 26.03B | 24.26B | 28.08B |
| Total liabilities | 26,659,104,000.00 | 28,101,319,000.00 | 31,128,608,000.00 | 29,376,654,000.00 | 29,187,383,000.00 | 30,595,897,000.00 | 28,806,239,000.00 | 33,901,073,000.00 |
| Total equity | 4.03B | 3.13B | 3.66B | 4.40B | 3.82B | 3.69B | 3.60B | 6.71B |
| Retained earnings | -4.89B | -5.38B | -6.10B | -5.82B | -5.93B | -6.10B | -6.38B | -4.61B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 2.16B | 2.01B | 2.37B | 2.31B | 1.42B | 1.90B |
| Cash & ST investments | 1.38B | 1.23B | 1.55B | 823.15M | 542.96M | 1.02B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 32.50B | 33.30B | 33.60B | 40.61B | 39.64B | 39.71B |
| Total current liabilities | 3.22B | 3.38B | 3.40B | 4.05B | 3.49B | 3.62B |
| Short-term debt | -- | -- | -- | 355.00M | -- | -- |
| Long-term debt | 24.75B | 25.40B | 25.79B | 28.08B | 28.25B | 28.70B |
| Total liabilities | 29,233,568,000.00 | 30,204,532,000.00 | 30,627,651,000.00 | 33,901,073,000.00 | 33,302,299,000.00 | 33,862,739,000.00 |
| Total equity | 3.27B | 3.09B | 2.97B | 6.71B | 6.34B | 5.85B |
| Retained earnings | -6.71B | -6.84B | -6.93B | -4.61B | -4.88B | -5.13B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3.75B | 3.81B | 2.33B | 3.64B | 3.77B | 3.93B | 3.81B | 4.14B |
| Depreciation & amortization | 1.35B | 1.39B | 1.35B | 1.33B | 1.29B | 1.33B | 1.36B | 1.55B |
| Free cash flow | 2.97B | 2.93B | 1.84B | 3.11B | 3.12B | 3.14B | 3.06B | 3.20B |
| Dividends paid | -2.82B | -2.95B | -1.66B | -2.69B | -2.59B | -2.80B | -3.05B | -3.23B |
| Stock buybacks / issuance | -438.85M | -369.90M | 1.39B | 333.26M | -189.36M | -160.24M | -53.18M | -248.35M |
| Ending cash balance | 514.34M | 669.37M | 1.01B | 533.94M | 621.63M | 1.17B | 1.40B | 823.15M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 827.22M | 1.22B | 890.26M | 1.20B | 833.38M | 1.20B |
| Depreciation & amortization | 355.65M | 367.64M | 374.74M | 456.32M | 532.59M | 497.86M |
| Free cash flow | 597.02M | 971.31M | 685.04M | 948.84M | 624.98M | 958.67M |
| Dividends paid | -793.33M | -793.39M | -812.29M | -834.41M | -838.79M | -855.48M |
| Stock buybacks / issuance | -8.01M | -8.38M | -4.30M | -227.66M | -178.98M | -220.28M |
| Ending cash balance | 1.38B | 1.23B | 1.55B | 823.15M | 542.96M | 1.02B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 70.66 | 73.14 | 40.47 | 71.12 | 66.58 | 75.01 | 80.49 | 114.62 |
| ROA %i | 7.74 | 6.78 | 3.36 | 6.55 | 6.40 | 6.78 | 7.10 | 12.67 |
| ROIC %i | 11.83 | 10.71 | 5.86 | 10.09 | 10.04 | 10.71 | 11.42 | 17.93 |
| 5-year avg ROE %i | 45.29 | 54.74 | 55.13 | 60.91 | 64.39 | 65.26 | 66.73 | 81.56 |
| EBIT margin %i | 64.96 | 56.34 | 44.65 | 68.82 | 62.31 | 62.80 | 61.34 | 100.16 |
| FCF / sales %i | 52.47 | 50.94 | 39.99 | 60.77 | 58.90 | 55.44 | 51.29 | 50.31 |
| Current ratioi | 0.50 | 0.47 | 0.68 | 0.67 | 0.66 | 1.04 | 0.83 | 0.57 |
| Quick ratioi | 0.50 | 0.47 | 0.68 | 0.57 | 0.66 | 1.04 | 0.83 | 0.57 |
| Debt / assetsi | 75.95 | 79.02 | 78.30 | 76.47 | 77.12 | 77.35 | 76.48 | 71.88 |
| LT debt / equityi | 692.91 | 940.14 | 887.97 | 762.96 | 822.01 | 889.36 | 854.31 | 557.91 |
| Interest coveragei | 4.50 | 4.11 | 2.62 | 4.43 | 4.33 | 4.16 | 4.04 | 6.54 |
| Revenue CAGR (3Y) %i | 2.34 | 1.93 | -5.89 | -3.22 | -2.76 | 7.09 | 5.24 | 6.35 |
| Net income CAGR (3Y) %i | 10.11 | 4.55 | -17.03 | -2.67 | 0.60 | 27.08 | 1.77 | 29.32 |
| FCF CAGR (3Y) %i | 14.00 | 4.43 | -13.65 | 1.55 | 2.06 | 19.41 | -0.54 | 0.91 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 72.81 | 79.49 | 90.07 | 114.62 | 127.05 | 135.70 |
| ROA %i | 6.19 | 6.34 | 6.71 | 12.67 | 13.00 | 12.65 |
| ROIC %i | 9.56 | 9.79 | 11.07 | 17.93 | 18.53 | 16.93 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 53.98 | 55.54 | 57.46 | 100.16 | 97.79 | 93.02 |
| FCF / sales %i | 50.81 | 52.08 | 50.71 | 50.31 | 48.58 | 46.36 |
| Current ratioi | 0.67 | 0.59 | 0.70 | 0.57 | 0.41 | 0.53 |
| Quick ratioi | 0.67 | 0.59 | 0.70 | 0.57 | 0.41 | 0.53 |
| Debt / assetsi | 77.76 | 77.84 | 78.32 | 71.88 | 73.12 | 74.11 |
| LT debt / equityi | 985.29 | 1,075.01 | 1,139.79 | 557.91 | 601.49 | 669.70 |
| Interest coveragei | 3.59 | 3.67 | 3.80 | 6.54 | 6.35 | 6.02 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Real Estate Segment is the largest reported line at 95.56% of revenue, across 2 reported segments.
- The next-largest line, All other & eliminations, net, is a distant second at 4.44% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Real Estate Segment95.56%
All other & eliminations, net4.44%
Quote time 2026-10-08 08:33:44 · For reference only, not investment advice and not tailored to your situation.