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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) Gross margin

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Simon Property Group, Inc.'s gross margin over the twelve months to 30 June 2026 was 81.4%, down 0.5 percentage points from fiscal 2025 (81.9%). Over the past ten years it has ranged from 80.8% (fiscal 2020) to 82.5% (fiscal 2024); the current reading is higher than 55% of that period. That is above the Reit Retail industry median of 71.8% and above the Real Estate sector median of 66.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 81.9% (0.60)
FY2024 82.5% 0.67
FY2023 81.8% 0.75
FY2022 81.1% 0.06
FY2021 81.0% 0.27
FY2020 80.8% (1.50)
FY2019 82.3% 0.10
FY2018 82.2% (0.12)
FY2017 82.3% 0.14
FY2016 82.1% 0.36

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 81.2% 0.97
Mar 2026 80.3% (2.13)
Dec 2025 82.4% 0.55
Sep 2025 81.8% (0.05)
42 more quarters

Against its own ten years

Low 80.8% High 82.5%
Ten-year median 81.9%
Current reading's percentile 33

Gross margin against peers

Company Gross margin
NNN NNN REIT, Inc. compare 96.1%
O Realty Income Corporation compare 92.7%
ADC Agree Realty Corporation compare 87.7%
SPG Simon Property Group, Inc. 81.4%
BRX Brixmor Property Group Inc. compare 75.2%
REG Regency Centers Corporation compare 70.4%
KIM Kimco Realty Corporation compare 68.9%
FRT Federal Realty Investment Trust compare 67.5%
MAC Macerich Company (The) compare 54.0%
Reit Retail industry median 71.8%
Real Estate sector median 66.1%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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