Simon Property Group, Inc. (SPG) Stock Analysis
Real Estate · REIT - Retail · NYSE
Simon Property Group, Inc. (SPG) posted $6.36B in revenue for fiscal 2025 (up 6.7% year over year), at a 84.3% net margin, and has compounded revenue about 6.7%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Simon Property Group, Inc.
Simon Property Group, Inc. has grown revenue from $5.44B to $6.36B over the last 10 fiscal years, compounding about 6.7% a year. The most recent year was up 6.7%, roughly in line with its longer-run pace.
Net margin sits at 84.3%, up 38.5 points year over year. It carries about $28.43B of total debt.
The one thing worth a second look in the filings is heavy debt load.
Synthesised from Simon Property Group, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Simon Property Group, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.44B | $5.53B | $5.65B | $5.76B | $4.61B | $5.12B | $5.29B | $5.66B | $5.96B | $6.36B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $2.13B | $2.24B | $2.82B | $2.42B | $1.28B | $2.57B | $2.45B | $2.62B | $2.73B | $5.36B |
| Net margin | 39.3% | 40.6% | 50.0% | 42.1% | 27.7% | 50.2% | 46.3% | 46.2% | 45.8% | 84.3% |
Source: Simon Property Group, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
Simon Property Group, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $28430.2M is 6.9× last year's operating cash flow — it would take years of cash flow to clear.
Explore 19 years of Simon Property Group, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Simon Property Group, Inc. financial history by metric
Compare Simon Property Group, Inc. with peers
About Simon Property Group, Inc.
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries. We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. At December 31, 2024, we owned or had an interest in 229 properties comprising 183 million square feet in North America, Asia and Europe. We also owned an 88% interest in The Taubman Realty Group, or TRG, which owns 22 regional, super-regional, and outlet malls in the U.S. and Asia. Additionally, at December 31, 2024, we had a 22.4% ownership interest in Klepierre, a publicly traded, Paris-based real estate company, which owns shopping centers in 14 European countries. Simon Property Group, Inc. was incorporated in 1960 and is based in Indianapolis, Indiana.
Simon Property Group, Inc. — frequently asked questions
What is Simon Property Group, Inc.'s revenue?
Simon Property Group, Inc. (SPG) reported revenue of $6.36B for fiscal year 2025, up 6.7% from the prior year, according to its SEC filings.
Is Simon Property Group, Inc. profitable?
Yes. SPG earned net income of $5.36B in fiscal 2025, a net margin of 84.3%.
What is SPG's P/E ratio?
Simon Property Group, Inc. trades at a price-to-earnings ratio of about 16.0 based on the latest data in our nightly-refreshed cache.
How fast is Simon Property Group, Inc. growing?
SPG's revenue grew at roughly 6.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Simon Property Group, Inc. have?
As of fiscal year 2025, SPG carried roughly $28.43B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Simon Property Group, Inc.'s market cap?
Simon Property Group, Inc. (SPG) has a market capitalization of about $0, based on the latest data in our nightly-refreshed cache.
When does Simon Property Group, Inc.'s fiscal year end?
SPG's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Simon Property Group, Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.