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.

Revenue
+13.3%
EPS
−17.2%
Free cash flow
−1.30%
Total debt
+10.2%

Quarter to September 2026, against a year earlier

228.90 2.35 +1.04%
Market cap
$73.3B
P/E
16.4×
Fwd P/E
33.2×
Dividend yield
3.92%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Simon Property Group, Inc. (SPG) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Simon Property Group, Inc. (SPG) trades at a EV/EBITDA of 19.7×. Over the past ten years it has ranged from 8.7× (March 2020) to 23.5× (August 2016); the current reading is higher than 77% of that period. That is above the Reit Retail industry median of 16.0× and above the Real Estate sector median of 15.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 18.6× 4.86%
FY2024 17.7× 4.07%
FY2023 17.1× 5.12%
FY2022 16.2× (21.52%)
FY2021 20.7× 32.13%
FY2020 15.6× (2.87%)
FY2019 16.1× (7.94%)
FY2018 17.5× (5.32%)
FY2017 18.5× (5.92%)
FY2016 19.6× (6.41%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 18.0× (7.36%)
Jun 2026 19.4× 8.77%
Mar 2026 17.9× (3.96%)
Dec 2025 18.6× (0.34%)
43 more quarters

Against its own ten years

Low 8.7× High 23.5×
Ten-year median 17.9×
Current reading's percentile 77

EV/EBITDA against peers

Company EV/EBITDA
FRT Federal Realty Investment Trust compare 14.0×
NNN NNN REIT, Inc. compare 14.6×
BRX Brixmor Property Group Inc. compare 15.3×
KIM Kimco Realty Corporation compare 16.7×
ADC Agree Realty Corporation compare 17.2×
REG Regency Centers Corporation compare 18.3×
SPG Simon Property Group, Inc. 19.6×
MAC Macerich Company (The) compare 20.1×
O Realty Income Corporation compare 20.9×
Reit Retail industry median 16.0×
Real Estate sector median 15.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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