Simon Property Group, Inc. SPG
- Market cap
- $71.7B
- P/E
- 14.4×
Follow SPG
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 173.11 | 150.15 | 145.78 | 142.40 | 42.25 | 82.06 | 86.02 | 100.17 | 135.15 | 136.34 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 229.10 | 188.10 | 191.49 | 186.44 | 149.89 | 171.12 | 165.83 | 146.91 | 186.00 | 190.14 |
High Price
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| 5,000 | 5,000 | 5,000 | 4,500 | 3,300 | 3,300 | 3,300 | 3,000 | 3,000 | 3,600 |
Employees
|
|||
| 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
Revenue/Emp
|
|||
| 5,435 | 5,527 | 5,645 | 5,755 | 4,608 | 5,117 | 5,291 | 5,659 | 5,964 | 6,365 |
Revenue
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|||
| 82.13% | 82.27% | 82.15% | 82.25% | 80.75% | 81.02% | 81.08% | 81.83% | 82.50% | 81.90% |
Gross Margin
|
|||
| 1,726 | 1,864 | 2,095 | 2,009 | 1,053 | 1,943 | 1,888 | 2,323 | 2,545 | 4,896 |
EBT
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|||
| 31.76% | 33.73% | 37.11% | 34.91% | 22.85% | 37.97% | 35.68% | 41.05% | 42.67% | 76.92% |
EBT Margin
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| 2,135 | 2,245 | 2,822 | 2,423 | 1,277 | 2,569 | 2,452 | 2,617 | 2,729 | 5,364 |
Net Income
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| 1,328 | 1,357 | 1,350 | 1,394 | 1,355 | 1,326 | 1,292 | 1,334 | 1,360 | 1,554 |
Depreciation
|
|||
| 17.38 | 17.74 | 18.23 | 18.69 | 14.92 | 15.57 | 16.14 | 17.32 | 18.29 | 19.50 |
Revenue/Sh
|
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| 5.87 | 6.24 | 7.87 | 6.81 | 3.59 | 6.84 | 6.52 | 6.98 | 7.26 | 14.17 |
Earnings/Sh
|
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| 10.79 | 11.54 | 12.11 | 12.37 | 7.54 | 11.07 | 11.49 | 12.03 | 11.70 | 12.67 |
Cash Flow/Sh
|
|||
| (2.44) | (2.29) | (1.93) | (2.82) | (1.46) | (1.60) | (1.80) | (2.43) | (2.15) | (2.86) |
Capex/Sh
|
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| 8.35 | 9.25 | 10.18 | 9.54 | 6.08 | 9.47 | 9.69 | 9.60 | 9.55 | 9.81 |
Free CF/Sh
|
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| 15.86 | 13.61 | 12.26 | 9.45 | 11.25 | 11.73 | 11.02 | 10.68 | 10.47 | 19.83 |
Book Value/Sh
|
|||
| 313 | 312 | 310 | 308 | 309 | 329 | 328 | 327 | 326 | 326 |
Shares
|
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| 31.11 | 27.59 | 21.35 | 21.87 | 23.69 | 23.36 | 18.03 | 20.49 | 23.72 | 13.05 |
PE Ratio
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|||
| 10.51 | 9.72 | 9.21 | 7.97 | 5.71 | 10.26 | 7.28 | 8.26 | 9.42 | 9.49 |
PS Ratio
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| 11.61 | 12.80 | 13.85 | 15.99 | 7.68 | 13.77 | 10.79 | 13.55 | 16.64 | 9.39 |
PB Ratio
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| 14.63 | 13.91 | 13.25 | 12.05 | 11.29 | 15.10 | 11.88 | 12.48 | 13.25 | 13.83 |
EV/Sales
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| 30.46 | 26.67 | 23.73 | 23.61 | 27.74 | 24.83 | 19.79 | 22.50 | 25.37 | 27.49 |
EV/FCF
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| 3,373 | 3,594 | 3,751 | 3,808 | 2,327 | 3,637 | 3,767 | 3,931 | 3,815 | 4,137 |
Op' Cash Flow
|
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| (762) | (712) | (599) | (869) | (451) | (525) | (590) | (793) | (700) | (934) |
Capex
|
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| 2,611 | 2,882 | 3,152 | 2,939 | 1,876 | 3,112 | 3,176 | 3,138 | 3,114 | 3,202 |
FCF
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| 11 | 956 | (39) | 111 | 936 | 20 | (46) | 1,302 | 484 | (197) |
Working Cap'
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| 22,977 | 24,632 | 23,306 | 24,163 | 26,723 | 25,321 | 24,960 | 26,033 | 24,264 | 28,430 |
Total Debt
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| 22,417 | 23,150 | 22,791 | 23,494 | 25,712 | 24,787 | 24,339 | 23,864 | 22,864 | 27,607 |
Net Debt
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| 4,960 | 4,239 | 3,797 | 2,911 | 3,472 | 3,853 | 3,612 | 3,492 | 3,415 | 6,472 |
Sh' Equity
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| 5.95% | 6.14% | 7.74% | 6.78% | 3.36% | 6.55% | 6.40% | 6.78% | 7.10% | 12.67% |
ROA
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| 6.21% | 6.39% | 6.88% | 6.89% | 4.22% | 5.27% | 5.78% | 6.41% | 7.36% | 5.82% |
ROIC
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| 36.39% | 42.68% | 61.30% | 63.36% | 35.22% | 62.04% | 57.88% | 64.94% | 69.38% | 94.32% |
ROE
|
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Simon Property Group, Inc. peers in Reit Retail
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| O Realty Income Corporation | $52.5B | 40.5× | Compare |
| KIM Kimco Realty Corporation | $14.9B | 26.4× | Compare |
| REG Regency Centers Corporation | $13.4B | 24.8× | Compare |
| FRT Federal Realty Investment Trust | $9.7B | 22.2× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| BRX Brixmor Property Group Inc. | $8.5B | 19.8× | Compare |
| ADC Agree Realty Corporation | $8.4B | 36.3× | Compare |
| NNN NNN REIT, Inc. | $8.0B | 20.2× | Compare |
| MAC Macerich Company (The) | $6.7B | 0.0× | Compare |
SPG metrics, ten years each
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
Simon Property Group, Inc. (SPG) key facts
- Simon Property Group, Inc. (SPG) is a Reit Retail company in the Real Estate sector, listed on the New York Stock Exchange.
- Simon Property Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.4 billion, up 6.72% from fiscal 2024.
- Net income was $5.4 billion, or $14.17 per share (basic), a net margin of 72.7%.
- As of September 25, 2026, SPG traded at $204.82, a market capitalization of $71.7 billion.
- At that price the stock trades at 14.4× trailing-twelve-month earnings and 9.6× sales.
- Simon Property Group, Inc. pays an annual dividend of $7.60 per share, a yield of 5.40%, with a payout ratio of 109.4%.
- Return on equity was 94.3% and debt-to-equity 5.15.
Simon Property Group, Inc. (SPG) Latest News
19 Sep
Simon Property Group raised its outlook again, signaling stronger performance expectations. Outlook raise revises financial projections upward and lifts stock trajectory.
17 Sep
Simon Property Group sees a surge in leasing amid rising traffic, rents, and retail demand. Surge in leasing activity together with higher traffic rents and retail demand signals strong growth in core operations and market position.
15 Sep
Malls rank as the hottest commercial real estate sector, presenting strong value opportunities for operators including Simon Property Group. Elevated demand for mall assets improves SPG occupancy, rents, and stock valuation.
8 Sep
Simon Property Group and Nike will be removed from the S&P 500 index. Removal from S&P 500 triggers selling by index funds and weighs on SPG share price and visibility.
Nike and Simon Property Group have been dropped from the S&P 100 index. SPG removal from S&P 100 may trigger selling by index-tracking funds and short-term price pressure.
6 Sep
Simon Property Group launches Simon Media Network advertising platform. New platform adds revenue diversification with moderate effect on overall operations and market position.
28 Aug
Simon Property Group launches a media network to generate revenue from mall traffic. New media network creates additional revenue from existing mall assets without fundamentally shifting core operations.
27 Aug
Simon Property Group launches Simon Media Network to convert real-world consumer behavior into measurable business impact. Launch of Simon Media Network adds data-driven advertising capabilities that may moderately enhance operational reach and revenue streams.
21 Aug
SP Group AS posted record revenue growth for Q2 2026 during its earnings call and received upgrades to its outlook. Record revenue growth and upgrades point to stronger financial results that can lift stock performance and investor outlook.
17 Aug
SPG held its Q2 2026 earnings call, covering quarterly financial results, operational metrics and forward outlook. Quarterly earnings releases and call commentary routinely move share prices and analyst targets.
13 Aug
Simon Property Group raised its 2026 outlook on robust leasing activity and new development projects. Raised 2026 outlook on strong leasing and new projects signals major positive shift in revenue trajectory and investor sentiment.
12 Aug
Simon Property Group is releasing vacant stores at higher rents. Higher rents on released stores directly increase SPG rental revenue and occupancy rates.
11 Aug
Simon Property Group reported Q2 funds from operations above estimates driven by leasing strength and raised full-year guidance. Q2 FFO beat and raised guidance indicate stronger leasing trends that can lift future earnings and investor sentiment.
Simon Property Group, Inc. released its Q2 2026 earnings call summary. Q2 2026 earnings results and guidance can significantly shift stock valuation and investor sentiment.
Simon Property Group Inc (SPG) reported strong leasing momentum in its Q2 2026 earnings call. Strong leasing momentum signals core operational gains that can lift revenues and shift investor sentiment.
Simon Property Group stands to gain millions more in rent by re-leasing spaces vacated by Saks Global store closures. Saks closures enable Simon to secure higher rents from replacement tenants in affected properties.
Simon Property Group reported Q2 results highlighting revenue growth, mall occupancy rates, leasing activity, and management outlook on retail recovery and expansion plans. Q2 earnings metrics and outlook statements can moderately shift near-term investor sentiment and valuation for SPG.
10 Aug
Simon Property Group reported second quarter 2026 results and raised full-year 2026 Real Estate FFO per share guidance. Raised 2026 guidance signals stronger expected performance that boosts investor sentiment and share price.
Simon Property Group reported Q2 earnings with focus on key metrics including revenue, occupancy and funds from operations. Q2 earnings data directly informs financial performance expectations and near-term stock movement.
6 Aug
Simon Property Group, Inc. (SPG) prepares for Q2 earnings release, with analysis focusing on whether results will exceed expectations and drive stock gains in the retail REIT sector. Q2 earnings outcome can shift near-term SPG stock sentiment and valuation without altering long-term strategy.
5 Aug
Simon Property Group approaches earnings with its fair value case under review. Upcoming earnings and fair value review may affect SPG investor sentiment and performance.
16 Jun
Redevelopment projects and shifting demand patterns are reshaping SPG growth amid key MAC trends to monitor. Redevelopment and demand shifts may moderately influence SPG operational trajectory and market position.
MAC stock faces key test as leasing pipeline drives future NOI growth. Leasing pipeline progress points to moderate NOI gains likely to influence near-term performance without major trajectory shifts.
1 Jun
Analysts rework Simon Property Group valuations following leadership changes. Leadership changes trigger valuation adjustments that can shift SPG trajectory and investor sentiment.
23 May
Simon Property Group raises its dividend, prompting scrutiny of earnings sustainability and balance sheet resilience. Dividend hike may sway investor views on financial stability without reshaping core operations.
19 May
Simon Property Group raised its dividend by 7.1 percent. Shares are viewed as attractive at current levels for this high-yield REIT. Dividend hike improves yield and short-term sentiment but does not shift core operations or long-term strategy.
15 May
Simon Property Group Q1 earnings call highlighted robust financial results, high occupancy rates, dividend increases, portfolio expansions, and optimistic full-year guidance amid retail sector recovery. Q1 earnings highlights detail financial metrics and guidance shaping SPG's valuation and market trajectory.
14 May
Simon Property Group reports stronger Q1 results, raises dividend, and issues higher guidance, potentially strengthening the investment case for SPG. Stronger Q1 earnings, dividend hike, and raised guidance represent major positive financial updates likely to enhance SPG's trajectory and investor appeal.
13 May
Simon Property Group appoints new CEO and launches media push to reset its growth story. New CEO appointment and media push indicate major strategic leadership shift and growth initiatives likely to alter trajectory and investor sentiment.
12 May
Simon Property Group (SPG) reported strong Q1 results, raising questions about sustaining its recent stock climb amid robust financial performance and positive outlook. Strong Q1 results highlight improved financial health and operational momentum, significantly influencing stock trajectory and investor sentiment.