Simon Property Group, Inc. SPG

204.82 0.12 0.06% as of 25 Sep
Market cap
$71.7B
P/E
14.4×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 1.56
Total sells 2.01
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — 1 11 — — 10 — — 11 — — —
Sell — — — — 1 — — — — — — —
Insider Ownership 1.12%

Capital & Financial Ratios

Market Cap 71,720.00
Revenue 6,940.73
Net Income 5,385.24
Free Cash Flow 3,217.54
Net Debt 27,680.52
Current Ratio 1.05
Debt/Equity 5.15
P/E ratio 14.44
P/S ratio 9.56
P/B ratio 11.99
Past 5Y EPS Growth 2.13%
This Y EPS Growth (52.68%)
Next Y EPS Growth 4.44%
Next 5Y EPS Growth (19.27%)
in millions of $

Dividends

Payout Ratio 1.09
Annual Dividend Rate 7.60
Annual Dividend Yield 5.40%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.37
2.20
2.25
2.25
2025 1.37
2.10
2.10
2.15
2.20
2024 8.10
1.95
2.00
2.05
2.10
2023 7.45
1.80
1.85
1.90
1.90
2022 6.90
1.65
1.70
1.75
1.80
2021 5.85
1.30
1.40
1.50
1.65
2020 6.00
2.10
1.30
1.30
1.30
2019 8.30
2.05
2.05
2.10
2.10
2018 7.90
1.95
1.95
2.00
2.00
2017 7.15
1.75
1.75
1.80
1.85
2016 6.50
1.60
1.60
1.65
1.65
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 2,169 1,400 823 1,019
Receivables 826 797 934 884
Inventory — — — —
Other — — — —
2,995 2,197 1,757 1,903
2023 2024 2025 Q'26
Payables 1,693 1,712 1,954 1,807
ST’ Debt — — — —
Other — — — —
1,693 1,712 1,954 1,807
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 1.91% 6.67% 6.35%
Cash Flow 3.18% 12.20% 3.17%
Earnings 9.75% 33.05% 29.36%
Book Value 2.18% 13.26% 21.46%

Revenue

Mar Jun Sep Dec Year
’26 1,757 1,791 — — —
’25 1,473 1,498 1,602 1,791 6,365
’24 1,443 1,458 1,481 1,582 5,964
’23 1,351 1,370 1,411 1,527 5,659
’22 1,296 1,280 1,316 1,400 5,291
’21 1,240 1,254 1,297 1,326 5,117
’20 1,353 1,062 1,061 1,131 4,608
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 833 1,196 — — —
’25 827 1,215 890 1,204 4,137
’24 773 1,063 893 1,086 3,815
’23 829 1,129 936 1,037 3,931
’22 792 1,101 942 932 3,767
’21 876 1,002 875 885 3,637
’20 741 73 617 895 2,327
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 625 959 — — —
’25 597 971 685 949 3,202
’24 610 875 706 923 3,114
’23 663 908 708 858 3,138
’22 637 1,005 786 748 3,176
’21 761 888 684 779 3,112
’20 528 (51) 559 840 1,876
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 1.48 1.49 — — —
’25 1.27 1.70 1.86 9.35 14.17
’24 2.25 1.51 1.46 2.04 7.26
’23 1.38 1.49 1.82 2.29 6.98
’22 1.30 1.51 1.65 2.06 6.52
’21 1.36 1.88 2.07 1.53 6.84
’20 1.43 0.83 0.48 0.86 3.59
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell
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
229.10 188.10 191.49 186.44 149.89 171.12 165.83 146.91 186.00 190.14
High Price
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
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
31.76% 33.73% 37.11% 34.91% 22.85% 37.97% 35.68% 41.05% 42.67% 76.92%
EBT Margin
2,135 2,245 2,822 2,423 1,277 2,569 2,452 2,617 2,729 5,364
Net Income
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
5.87 6.24 7.87 6.81 3.59 6.84 6.52 6.98 7.26 14.17
Earnings/Sh
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
8.35 9.25 10.18 9.54 6.08 9.47 9.69 9.60 9.55 9.81
Free CF/Sh
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
31.11 27.59 21.35 21.87 23.69 23.36 18.03 20.49 23.72 13.05
PE Ratio
10.51 9.72 9.21 7.97 5.71 10.26 7.28 8.26 9.42 9.49
PS Ratio
11.61 12.80 13.85 15.99 7.68 13.77 10.79 13.55 16.64 9.39
PB Ratio
14.63 13.91 13.25 12.05 11.29 15.10 11.88 12.48 13.25 13.83
EV/Sales
30.46 26.67 23.73 23.61 27.74 24.83 19.79 22.50 25.37 27.49
EV/FCF
3,373 3,594 3,751 3,808 2,327 3,637 3,767 3,931 3,815 4,137
Op' Cash Flow
(762) (712) (599) (869) (451) (525) (590) (793) (700) (934)
Capex
2,611 2,882 3,152 2,939 1,876 3,112 3,176 3,138 3,114 3,202
FCF
11 956 (39) 111 936 20 (46) 1,302 484 (197)
Working Cap'
22,977 24,632 23,306 24,163 26,723 25,321 24,960 26,033 24,264 28,430
Total Debt
22,417 23,150 22,791 23,494 25,712 24,787 24,339 23,864 22,864 27,607
Net Debt
4,960 4,239 3,797 2,911 3,472 3,853 3,612 3,492 3,415 6,472
Sh' Equity
5.95% 6.14% 7.74% 6.78% 3.36% 6.55% 6.40% 6.78% 7.10% 12.67%
ROA
6.21% 6.39% 6.88% 6.89% 4.22% 5.27% 5.78% 6.41% 7.36% 5.82%
ROIC
36.39% 42.68% 61.30% 63.36% 35.22% 62.04% 57.88% 64.94% 69.38% 94.32%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Simon Property Group, Inc. peers in Reit Retail

All 26 Reit Retail stocks →

SPG metrics, ten years each

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.

Source: company filings (standardised) and stockrow calculations.

Simon Property Group, Inc. (SPG) Latest News

News by impact score

Fine-tune

19 Sep

4

Simon Property Group raised its outlook again, signaling stronger performance expectations. Outlook raise revises financial projections upward and lifts stock trajectory.

17 Sep

4

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

4

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

4

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.

3

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

3

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

3

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

3

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

4

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

3 transcript

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

4

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

3

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

4

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.

4 transcript

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.

4 transcript

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.

3

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.

3 transcript

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

4

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.

3

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

3

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

3

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

3

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.

3

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

4

Analysts rework Simon Property Group valuations following leadership changes. Leadership changes trigger valuation adjustments that can shift SPG trajectory and investor sentiment.

23 May

3

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

3

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

4

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

4

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

4

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

4

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.

stockrow.com/SPG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com