Simon Property Group, Inc. (SPG)
Real Estate · REIT - Retail · NYSE
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 | $5.39B | $5.84B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $2.13B | $2.24B | $2.82B | $2.42B | $1.28B | $2.57B | $2.14B | $2.28B | $2.37B | $4.62B |
| Net margin | 39.3% | 40.6% | 50.0% | 42.1% | 27.7% | 50.2% | 40.4% | 40.3% | 43.9% | 79.2% |
Source: Simon Property Group, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
What growth is priced into SPG stock?
At today's market cap of $80.51B, Simon Property Group, Inc. is priced for free-cash-flow growth of about 10.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $3.20B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 11.7%/yr over the last five fiscal years and revenue 4.9%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
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
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 $5.84B for fiscal year 2025, up 8.3% from the prior year, according to its SEC filings.
Is Simon Property Group, Inc. profitable?
Yes. SPG earned net income of $4.62B in fiscal 2025, a net margin of 79.2%.
What is SPG's P/E ratio?
Simon Property Group, Inc. trades at a price-to-earnings ratio of about 14.7 based on the latest data in our nightly-refreshed cache.
How fast is Simon Property Group, Inc. growing?
SPG's revenue grew at roughly 4.9% 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 $80.51B, 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.
What growth is priced into SPG stock?
At today's market cap of $80.51B, Simon Property Group, Inc. is priced for free-cash-flow growth of about 10.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $3.20B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 11.7%/yr over the last five fiscal years and revenue 4.9%/yr, computed from its SEC filings.
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.