SPG · Simon Property Group Inc /De/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $6.36B | $5.96B | $5.66B | $5.29B | $5.12B | $4.61B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $60.89M | $44.74M | $38.51M | $34.97M | $30.34M | $22.57M |
| Total Operating Expenses | $3.19B | $2.87B | $2.85B | $2.71B | $2.70B | $2.64B |
| D&A | $1.43B | $1.27B | $1.26B | $1.23B | $1.26B | $1.32B |
| Operating Income | $3.18B | $3.09B | $2.81B | $2.58B | $2.41B | $1.97B |
| Interest Expense | $974.84M | $905.80M | $854.65M | $761.25M | $795.71M | $784.40M |
| Income Tax | $9.31M | - | - | - | - | - |
| Net Income | $4.62B | $2.37B | $2.28B | $2.14B | $2.25B | $1.11B |
| EPS - Basic | $14.17 | $7.26 | $6.98 | $6.52 | $3.59 | - |
| EPS - Diluted | $14.17 | $7.26 | $6.52 | - | - | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $823.15M | $1.40B | $1.17B | $621.63M | $533.94M | $1.01B |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $40.61B | $32.41B | $34.28B | $33.01B | $33.78B | $34.79B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $28.43B | $24.26B | $26.03B | $24.96B | $25.32B | $26.72B |
| Total Liabilities | $33.90B | $28.81B | $30.60B | $29.19B | $29.38B | $31.13B |
| Stockholders' Equity | $5.21B | $2.94B | $3.02B | $3.14B | $3.36B | $3.04B |
| Retained Earnings | ($4.61B) | ($6.38B) | ($6.10B) | ($5.93B) | ($5.82B) | ($6.10B) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.14B | $3.81B | $3.93B | $3.77B | $3.64B | $2.33B |
| Investing Cash Flow | ($1.60B) | $1.41B | ($1.36B) | ($626.56M) | ($552.76M) | ($3.98B) |
| Financing Cash Flow | ($3.11B) | ($4.99B) | ($2.02B) | ($3.05B) | ($3.56B) | $1.99B |
| CapEx | $934.35M | $755.58M | $793.28M | $650.02M | $527.93M | $484.12M |
| Free Cash Flow | $3.20B | $3.06B | $3.14B | $3.12B | $3.11B | $1.84B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 49.9% | 51.9% | 49.6% | 48.8% | 47.2% | 42.8% |
| EBITDA margin | 72.3% | 73.1% | 71.9% | 72.0% | 71.8% | 71.4% |
| Net margin | 72.7% | 39.7% | 40.3% | 40.4% | 43.9% | 24.1% |
| Free cash flow margin | 50.3% | 51.3% | 55.4% | 58.9% | 60.8% | 40.0% |
| FCF / Net income | 0.69 | 1.29 | 1.38 | 1.46 | 1.38 | 1.66 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 1.0% | 0.8% | 0.7% | 0.7% | 0.6% | 0.5% |
| Effective tax rate | 0.2% | - | - | - | - | - |
| Return on assets | 11.4% | 7.3% | 6.6% | 6.5% | 6.7% | 3.2% |
| Return on equity | 88.8% | 80.5% | 75.4% | 68.1% | 66.8% | 36.5% |
| Return on invested capital | 9.4% | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 5.46 | 8.25 | 8.61 | 7.95 | 7.53 | 8.79 |
| Debt / Assets | 0.70 | 0.75 | 0.76 | 0.76 | 0.75 | 0.77 |
| Debt / EBITDA | 6.18 | 5.57 | 6.40 | 6.55 | 6.89 | 8.12 |
| Interest coverage | 3.3x | 3.4x | 3.3x | 3.4x | 3.0x | 2.5x |
| Equity multiplier | 7.80 | 11.02 | 11.34 | 10.52 | 10.05 | 11.45 |
| Liabilities / Assets | 0.83 | 0.89 | 0.89 | 0.88 | 0.87 | 0.89 |
| Efficiency | ||||||
| Asset turnover | 0.16 | 0.18 | 0.17 | 0.16 | 0.15 | 0.13 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 13.1x | 23.7x | 21.9x | - | - | - |
| P / B | 11.6x | 19.1x | 15.4x | 12.3x | 14.7x | - |
| P / S | 9.5x | 9.4x | 8.2x | 7.3x | 9.6x | - |
| EV / EBITDA | 19.1x | 18.1x | 17.6x | 16.5x | 20.2x | - |
| Growth | ||||||
| Revenue growth (YoY) | 6.7% | 5.4% | 6.9% | 3.4% | 11.1% | -19.9% |
| Revenue CAGR (3y) | 6.3% | 5.2% | 7.1% | -2.8% | -3.3% | -6.0% |
| Revenue CAGR (5y) | 6.7% | 0.7% | 0.0% | -0.9% | -1.2% | -2.6% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 2.7% | 10.2% | 8.6% | 7.1% | 22.4% | -32.2% |
| Net income growth (YoY) | 95.3% | 3.8% | 6.7% | -4.9% | 102.5% | -47.1% |
| EPS growth (YoY) | 95.2% | 11.3% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 4.7% | -2.5% | 0.7% | 0.2% | 68.8% | -37.2% |
| FCF CAGR (5y) | 11.7% | 0.9% | 1.1% | 1.7% | 3.9% | - |
| Book value growth (YoY) | 77.0% | -2.7% | -3.7% | -6.6% | 10.6% | 20.3% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing SIMON PROPERTY GROUP INC /DE/ against the 5 most active filers in the same SIC group.
Dividends
$8.65/share trailing 12 months · +4.8% YoY
| Ex-date | Per share |
|---|---|
| Mar 10, 2026 | $2.2000 |
| Dec 10, 2025 | $2.2000 |
| Sep 9, 2025 | $2.1500 |
| Jun 9, 2025 | $2.1000 |
| Mar 10, 2025 | $2.1000 |
| Dec 9, 2024 | $2.1000 |
| Sep 9, 2024 | $2.0500 |
| Jun 7, 2024 | $2.0000 |
| Mar 7, 2024 | $1.9500 |
| Dec 7, 2023 | $1.9000 |
| Sep 7, 2023 | $1.9000 |
| Jun 8, 2023 | $1.8500 |
| Mar 9, 2023 | $1.8000 |
| Dec 8, 2022 | $1.8000 |
| Sep 8, 2022 | $1.7500 |
| Jun 8, 2022 | $1.7000 |
| Mar 9, 2022 | $1.6500 |
| Dec 9, 2021 | $1.6500 |
| Sep 8, 2021 | $1.5000 |
| Jul 1, 2021 | $1.4000 |
| Apr 8, 2021 | $1.3000 |
| Dec 23, 2020 | $1.3000 |
| Oct 8, 2020 | $1.3000 |
| Jul 9, 2020 | $1.3000 |