Friday 6 November 2026 Export SPG’s income statement to Excel — free account

Simon Property Group, Inc.

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

229.01 2.46 +1.09%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Simon Property Group, Inc. (SPG) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Real estate segment	6,017	94.53%
Other, not broken out	348	5.47%
Gross margin		81.90%
Operating margin		49.89%
Pre-tax margin		76.92%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022
Real estate segment	6,017 94.53%	5,542 92.93%	5,323 94.07%	5,056 95.55%
Other, not broken out	348 5.47%	421 7.07%	336 5.93%	235 4.45%
Revenue	6,365	5,964	5,659	5,291

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Base minimum rent PSF	Q3 FY2026	$42.44	$38.25	+10.95%
Base minimum rent PSF - Consolidated Assets	Q3 FY2026	$60.41	$57.41	+5.23%
Base minimum rent PSF - Total Portfolio	Q3 FY2026	$62.75	$59.14	+6.10%
Base minimum rent PSF - Unconsolidated Assets	Q3 FY2026	$69.49	$64.39	+7.92%
Ending occupancy	Q3 FY2026	96.5%	96.4%	—
Ending occupancy	Q3 FY2026	98.9%	99.4%	—
Ending occupancy - Consolidated Assets	Q3 FY2026	96.6%	96.4%	—
Ending occupancy - Unconsolidated Assets	Q3 FY2026	96.2%	96.1%	—
FFO a share	Q3 FY2026	$3.09	$3.25	−4.92%
Total number of properties	Q3 FY2026	174.00	162.00	+7.41%
Total number of properties	Q3 FY2026	12.00	—	—
Total number of properties	Q2 FY2026	2.00	—	—
Total number of properties	Q3 FY2026	24.00	24.00	0.00%
Total number of properties	Q3 FY2026	16.00	14.00	+14.29%
Total number of properties	Q3 FY2026	254.00	—	—
Total square footage	Q3 FY2026	206.0M	—	—
Total square footage of properties	Q3 FY2026	148.6M	136.0M	+9.26%
Total square footage of properties	Q3 FY2026	24.1M	21.3M	+13.15%
Total square footage of properties	Q3 FY2026	9.2M	9.2M	0.00%
Total square footage of properties	Q3 FY2026	3.0M	—	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Base minimum rent PSF	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Base minimum rent PSF - Consolidated Assets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Base minimum rent PSF - Total Portfolio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Base minimum rent PSF - Unconsolidated Assets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Ending occupancy	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Ending occupancy	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Ending occupancy - Consolidated Assets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Ending occupancy - Unconsolidated Assets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
FFO a share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total number of properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total number of properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total number of properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total number of properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total number of properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total number of properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total square footage	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total square footage of properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total square footage of properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total square footage of properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total square footage of properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.