Saturday 17 October 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. 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%

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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

Insider Decisions trades per month

Total buys 2.02

Total sells 2.01

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	11	—	—	10	—	—	11	—	—	11	—
Sell	—	—	—	1	—	—	—	—	—	—	—	—

Insider Ownership 1.12%

Capital & Financial Ratios $m

Market Cap 65,810.00

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 14.49

Fwd P/E 33.90

P/S ratio 9.59

P/B ratio 12.03

Past 5Y EPS Growth 31.60%

This Y EPS Growth (53.42%)

Next Y EPS Growth 4.98%

Next Y revenue growth (84.30%)

Next 5Y EPS Growth (19.41%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 10.91%

10-year low 10-year high

P/S against its own 10 years 69.44%

10-year low 10-year high

P/B against its own 10 years 49.54%

10-year low 10-year high

EV/Sales against its own 10 years 62.00%

10-year low 10-year high

EV/FCF against its own 10 years 81.94%

10-year low 10-year high

Dividends

Payout Ratio 0.63

Annual Dividend Rate 8.90

Annual Dividend Yield 4.33%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.35	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 special payouts not included in total or ratios

Assets vs Liabilities $m

	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

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 $m

	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

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	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

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	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

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	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
	High	229.10	188.10	191.49	186.44	149.89	171.12	165.83	146.91	186.00	190.14
People
People	Employees	5,000	5,000	5,000	4,500	3,300	3,300	3,300	3,000	3,000	3,600
	Revenue/emp, $m	1.09	1.11	1.13	1.28	1.40	1.55	1.60	1.89	1.99	1.77
Income, $m
Income, $m	Revenue	5,435	5,527	5,645	5,755	4,608	5,117	5,291	5,659	5,964	6,365
	Gross margin, %	82.13	82.27	82.15	82.25	80.75	81.02	81.08	81.83	82.50	81.90
	EBT	1,726	1,864	2,095	2,009	1,053	1,943	1,888	2,323	2,545	4,896
	EBT margin, %	31.76	33.73	37.11	34.91	22.85	37.97	35.68	41.05	42.67	76.92
	Net income	2,135	2,245	2,822	2,423	1,277	2,569	2,452	2,617	2,729	5,364
	Depreciation	1,328	1,357	1,350	1,394	1,355	1,326	1,292	1,334	1,360	1,554
Per share, $
Per share, $	Revenue	17.38	17.74	18.23	18.69	14.92	15.57	16.14	17.32	18.29	19.50
	Earnings	5.87	6.24	7.87	6.81	3.59	6.84	6.52	6.98	7.26	14.17
	Cash flow	10.79	11.54	12.11	12.37	7.54	11.07	11.49	12.03	11.70	12.67
	Capex	(2.44)	(2.29)	(1.93)	(2.82)	(1.46)	(1.60)	(1.80)	(2.43)	(2.15)	(2.86)
	Free cash flow	8.35	9.25	10.18	9.54	6.08	9.47	9.69	9.60	9.55	9.81
	Book value	15.86	13.61	12.26	9.45	11.25	11.73	11.02	10.68	10.47	19.83
	Shares, m	313	312	310	308	309	329	328	327	326	326
Valuation, ×
Valuation, ×	P/E	31.11	27.59	21.35	21.87	23.69	23.36	18.03	20.49	23.72	13.05
	P/S	10.51	9.72	9.21	7.97	5.71	10.26	7.28	8.26	9.42	9.49
	P/B	11.61	12.80	13.85	15.99	7.68	13.77	10.79	13.55	16.64	9.39
	EV/Sales	14.63	13.91	13.25	12.05	11.29	15.10	11.88	12.48	13.25	13.83
	EV/FCF	30.46	26.67	23.73	23.61	27.74	24.83	19.79	22.50	25.37	27.49
Cash, $m
Cash, $m	Operating cash flow	3,373	3,594	3,751	3,808	2,327	3,637	3,767	3,931	3,815	4,137
	Capex	(762)	(712)	(599)	(869)	(451)	(525)	(590)	(793)	(700)	(934)
	Free cash flow	2,611	2,882	3,152	2,939	1,876	3,112	3,176	3,138	3,114	3,202
Balance, $m
Balance, $m	Working capital	11	956	(39)	111	936	20	(46)	1,302	484	(197)
	Total debt	22,977	24,632	23,306	24,163	26,723	25,321	24,960	26,033	24,264	28,430
	Net debt	22,417	23,150	22,791	23,494	25,712	24,787	24,339	23,864	22,864	27,607
	Shareholders’ equity	4,960	4,239	3,797	2,911	3,472	3,853	3,612	3,492	3,415	6,472
Returns, %
Returns, %	ROA	5.95	6.14	7.74	6.78	3.36	6.55	6.40	6.78	7.10	12.67
	ROIC	6.21	6.39	6.88	6.89	4.22	5.27	5.78	6.41	7.36	5.82
	ROE	36.39	42.68	61.30	63.36	35.22	62.04	57.88	64.94	69.38	94.32

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SPG Simon Property Group, Inc.	$65.8B	14.5×	33.9×	+19.50% (above 0%: growing)	−12.35% (below 0%: shrinking)	−1.30% (below 0%: shrinking)	81.23%	46.02%
O Realty Income Corporation	$52.6B	40.9×	38.7×	+9.74% (above 0%: growing)	+68.18% (above 0%: growing)	−639.86% (below 0%: shrinking)	92.74%	23.09%	Compare
KIM Kimco Realty Corporation	$15.2B	27.0×	29.3×	+4.88% (above 0%: growing)	−4.35% (below 0%: shrinking)	+5.84% (above 0%: growing)	69.06%	35.61%	Compare
REG Regency Centers Corporation	$13.4B	24.8×	31.7×	+8.58% (above 0%: growing)	+8.93% (above 0%: growing)	+15.87% (above 0%: growing)	70.75%	37.28%	Compare
FRT Federal Realty Investment Trust	$9.2B	21.4×	31.8×	+7.76% (above 0%: growing)	−45.81% (below 0%: shrinking)	−1.70% (below 0%: shrinking)	69.15%	41.30%	Compare
BRX Brixmor Property Group Inc.	$8.4B	19.5×	26.3×	+4.33% (above 0%: growing)	−14.29% (below 0%: shrinking)	−41.05% (below 0%: shrinking)	75.01%	34.33%	Compare
ADC Agree Realty Corporation	$8.3B	36.0×	37.9×	+16.85% (above 0%: growing)	+2.33% (above 0%: growing)	−56.33% (below 0%: shrinking)	87.63%	46.47%	Compare
NNN NNN REIT, Inc.	$7.9B	20.4×	21.9×	+7.70% (above 0%: growing)	−3.70% (below 0%: shrinking)	−108.69% (below 0%: shrinking)	96.62%	61.97%	Compare
MAC Macerich Company (The)	$6.8B	— (loss-making)	— (loss-making)	−0.03% (below 0%: shrinking)	n/m	−57.87% (below 0%: shrinking)	53.67%	15.35%	Compare
Median of peers	$8.8B	24.8×	31.7×	+7.73%	−3.70%	−48.69%	72.88%	36.45%

All 26 Reit Retail stocks →

Simon Property Group, Inc. (SPG) key facts

Strength: Simon Property Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.4 billion, up 6.72% from fiscal 2024.
Simon Property Group, Inc. (SPG) is a Reit Retail company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, SPG traded at $205.44, a market capitalization of $65.8 billion.
Simon Property Group, Inc. pays an annual dividend of $8.90 per share, a yield of 4.33%, with a payout ratio of 62.8%.
Return on equity was 94.3% and debt-to-equity 5.15.
Its Piotroski F-score is 3 out of 9 for fiscal 2025.