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MARKETS / NYSE / SPG
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Simon Property Group Inc. SPG

19 fiscal years on record · USD · FY2025 reported · SEC filings only
4 YEARS OF DIVIDEND GROWTH
$6.4B
▲ 6.7% YoY
$5.4B
▲ 96.6% YoY
$3.2B
▲ 4.7% YoY
In brief

What this company does

Simon Property Group, Inc. owns, develops and manages shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, and The Mills. As of December 31, 2025, it owned or held an interest in 212 income-producing properties in the United States, consisting of 108 malls, 70 Premium Outlets, 16 Mills, six lifestyle centers, and 12 other retail properties in 38 states and Puerto Rico. Internationally, as of December 31, 2025, it had ownership interests in 42 properties primarily located in Asia, Europe and Canada. As of December 31, 2025, it also owned a 22.2% equity stake in Klépierre SA, a publicly traded, Paris-based real estate company that owns, or has an interest in, shopping centers located in 13 countries in Europe. At December 31, 2025, the company and its affiliates employed approximately 3,600 persons at various properties and offices throughout the United States, of which approximately 500 were part-time. Simon Property Group, Inc. is an Indiana corporation that operates as a self-administered and self-managed real estate investment trust under the Internal Revenue Code of 1986. Simon, or its predecessor, has been incorporated since 1993.

Written from the business description in SIMON PROPERTY GROUP, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth
USD 6.4B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 6.4 · Net income 5.4
2.5B5.0B2007201020132016201920222025
Compound annual growth
+6.3%
+6.7%
+1.9%
+3.2%
+29.8%
+33.2%
+9.6%
+14.0%
+29.5%
+31.6%
+9.2%
+13.6%
+7.4%
+7.3%
+3.5%
+8.3%
+7.9%
+8.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.7% a year over five years — but profit grew faster: net income at +33.2%, earnings per share at +31.6%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
84 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 49.9% · Net 84.3%
50%2007201020132016201920222025
ROE

No chart to show — the reason differs by year; see each year in the table below.

Cash & shareholders
USD 226.8M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 3.2
2B2007201020132016201920222025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 226.8
200M400M20162017201820192020202220232025

USD 226.8M in buybacks went back to shareholders.

Total assetsUSD 40.6B
EquityUSD 5.2B
CashUSD 823.1M
Gross debtUSD 28.4B
Net debtUSD 27.6B

Net debt stands at 530% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B6.46.05.75.35.14.65.85.65.55.45.34.94.54.34.34.03.83.83.7
Operating income $B3.23.12.82.62.42.02.92.92.82.72.72.42.22.01.91.71.41.51.5
EBITDA $B···················
Income tax $B0.00.00.1·······0.00.00.00.00.00.0−0.00.0−0.0
Net income $B5.42.72.62.52.61.32.42.82.22.12.11.71.61.71.20.80.40.60.6
Free cash flow $B3.23.13.13.13.11.82.93.02.92.62.01.9·······
EPS, diluted $14.177.266.986.526.843.596.817.876.245.875.884.524.244.723.482.101.051.871.95
Dividend / sh $8.558.107.456.905.856.008.307.907.156.506.055.154.654.103.502.602.703.60·
Payout %···················
ROE %···················
Shares out B·············0.000.00····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 55 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 4 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityReal Estate Investment Trusts
Listed onNYSE
Incorporated inIndiana
Fiscal year endsDecember 31
Data on record since2007

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