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Saturday 17 October 2026 Export SPG’s income statement to Excel — free account

Simon Property Group, Inc.

SPG Real Estate Reit Retail

Simon Property Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.4 billion, up 6.72% from fiscal 2024. In the quarter to June 2026, revenue grew 19.5%, EPS fell 12.4%, free cash flow fell 1.30% and total debt rose 13.0%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for five; insiders bought in the last twelve months.

205.44 2.05 +1.01%
Market cap
$65.8B
P/E
14.5×
Fwd P/E
33.9×
Dividend yield
4.33%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Simon Property Group, Inc. (SPG) Debt to equity

Alert me on Debt to equity

Simon Property Group, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 5.1×, up 0.8× from fiscal 2025 (4.4×). Over the past ten years it has ranged from 4.3× (fiscal 2015) to 8.3× (fiscal 2019); the current reading is higher than 18% of that period. That is above the Reit Retail industry median of 0.9× and above the Real Estate sector median of 0.8×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 4.4× (38.18%)
FY2024 7.1× (4.70%)
FY2023 7.5× 7.88%
FY2022 6.9× 5.16%
FY2021 6.6× (14.61%)
FY2020 7.7× (7.28%)
FY2019 8.3× 35.22%
FY2018 6.1× 5.62%
FY2017 5.8× 25.44%
FY2016 4.6× 7.80%

Quarterly newest first

Period Debt to equity Change
Jun 2026 5.1× 10.67%
Mar 2026 4.7× 5.90%
Dec 2025 4.4× (53.51%)
Sep 2025 9.4× 5.92%
42 more quarters

Against its own ten years

Low 4.3× High 8.3×
Ten-year median 6.6×
Current reading's percentile 18

Debt to equity against peers

Company Debt to equity
ADC Agree Realty Corporation compare 0.6×
REG Regency Centers Corporation compare 0.7×
O Realty Income Corporation compare 0.7×
KIM Kimco Realty Corporation compare 0.8×
NNN NNN REIT, Inc. compare 1.1×
FRT Federal Realty Investment Trust compare 1.4×
MAC Macerich Company (The) compare 1.7×
BRX Brixmor Property Group Inc. compare 1.8×
SPG Simon Property Group, Inc. 5.1×
Reit Retail industry median 0.9×
Real Estate sector median 0.8×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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