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Simon Property SPG

US equity
$205.02
+$0.86 (+0.42%)
Market open · Sep 24, 1:10 pm ET
After hours $204.16 0.00%
Open$204.25
Prev close$204.16
Day range$203.41 – $205.58
Volume279.1K
Market cap$66.83B
P/E (TTM)
Dividend yield

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$1.79B+19.5% YoY
Operating profit$824.10M+10.7% YoY
Net profit$574.13M-10.8% YoY
Diluted EPS$1.49-12.4% YoY
Free cash flow$958.67M-1.3% YoY
Operating cash flow$1.20B

Revenue, last 8 quarters

$1.5BSep '24$1.6BDec '24$1.5BMar '25$1.5BJun '25$1.6BSep '25$1.8BDec '25$1.8BMar '26$1.8BJun '26

Net profit, last 8 quarters

$546.7MSep '24$771.8MDec '24$477.9MMar '25$643.7MJun '25$702.7MSep '25$3.5BDec '25$568.5MMar '26$574.1MJun '26

Diluted EPS by quarter

1.46Sep '242.04Dec '241.27Mar '251.70Jun '251.86Sep '259.35Dec '251.48Mar '261.49Jun '26

Free cash flow by quarter

$706.5MSep '24$867.7MDec '24$597.0MMar '25$971.3MJun '25$685.0MSep '25$948.8MDec '25$625.0MMar '26$958.7MJun '26

Annual revenue

$4.6BFY20$5.1BFY21$5.3BFY22$5.7BFY23$6.0BFY24$6.4BFY25

Profitability & balance sheet

Gross margin81.7%
Operating margin47.4%
Net margin66.5%
Return on equity135.7%
Return on assets12.6%
Return on invested capital16.9%
Current ratio0.53
Liabilities / assets85.3%
Cash & investments$1.02B
Total debt$29.43B
Net cash (debt)-$28.41B
Free cash flow / sales46.4%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Real Estate Segment$1.71B 95.6%
  • All other & eliminations, net$79.51M 4.4%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $1.79B $1.76B $6.36B $1.79B $1.60B
Total Operating Revenue $1.79B $1.76B $6.36B $1.79B $1.60B
Cost of Revenue $303.35M $346.92M $1.15B $315.43M $290.81M
Gross Profit $1.49B $1.41B $5.21B $1.48B $1.31B
Operating Expense $663.16M $648.01M $2.04B $585.37M $497.85M
Selling and Admin Expenses $51.06M $88.23M $216.71M $64.49M $54.74M
-Selling & Marketing Expense $39.06M $33.93M $155.83M $46.62M $38.65M
-General & Admin Expense $12.00M $54.30M $60.89M $17.87M $16.09M
Depreciation & Amortization & Depletion $459.88M $458.90M $1.43B $420.68M $338.64M
-Depreciation & Amortization $459.88M $458.90M $1.43B $420.68M $338.64M
Other Operating Expenses $152.22M $100.88M $393.95M $100.21M $104.48M
Operating Profit $824.10M $762.16M $3.18B $890.67M $812.91M
Net Non-Operating Interest Income (Expense) -$281.16M -$275.66M -$974.84M -$272.33M -$242.79M
Non-Operating Interest Expense $281.16M $275.66M $974.84M $272.33M $242.79M
Other Income (Expense) $42.01M $62.10M $3.20B $2.91B $147.69M
Gain on Sale of Security -$68.38M $25.39M -$106.08M -$92.74M -$6.63M
Earnings from Equity Interest $119.13M -$21.25M $504.09M $206.94M $143.92M
Special Income (Charges) -$8.75M $57.96M $2.80B $2.80B $10.40M
-Less:Restructuring and Mergern & Acquisition $8.75M -$64.34M -$2.89B -$2.89B -$10.40M
Pretax Profit $584.94M $548.60M $5.40B $3.53B $717.81M
Tax $10.81M -$19.93M $35.79M -$6.80M $15.11M
Net Profit $574.13M $568.54M $5.36B $3.54B $702.70M
Profit from Continuing Operations $574.13M $568.54M $5.36B $3.54B $702.70M
Minority Interests $90.16M $88.13M $736.51M $490.78M $95.69M
Net Income to Parent Company $483.97M $480.40M $4.63B $3.05B $607.01M
Preferred Stock Dividends $834,000.00 $834,000.00 $3.34M $834,000.00 $834,000.00
Net Income to Common Stockholders $483.14M $479.57M $4.62B $3.05B $606.17M
Basic EPS $1.49 $1.48 $14.17 $9.35 $1.86
Diluted EPS $1.49 $1.48 $14.17 $9.35 $1.86
Dividend Per Share $2.25 $2.20 $8.55 $2.20 $2.15
-Gain on Sale Of Business -$6.38M -$86.12M

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $39.71B $39.64B $40.61B $40.61B $33.60B
Total Current Assets $1.90B $1.42B $2.31B $2.31B $2.37B
Cash and Cash Equivalents & Short-Term Investments $1.02B $542.96M $823.15M $823.15M $1.55B
-Cash and Cash Equivalents $1.02B $542.96M $823.15M $823.15M $1.55B
Receivables $884.24M $880.81M $1.49B $1.49B $819.49M
-Accounts Receivable $884.24M $880.81M $934.08M $934.08M $819.49M
Total Non-Current Assets $37.81B $38.22B $38.29B $38.29B $31.23B
Net PPE $731.20M $738.03M $755.93M $755.93M $529.12M
-Gross PPE $731.20M $738.03M $755.93M $755.93M $529.12M
Investments and Advances $5.39B $5.56B $6.39B $6.39B $6.97B
-Long Term Equity Investment $5.39B $5.56B $5.87B $5.87B $6.97B
Other Non-Current Assets $1.97B $1.97B $700.64M $700.64M $1.44B
Total Liabilities $33.86B $33.30B $33.90B $33.90B $30.63B
Total Current Liabilities $3.62B $3.49B $4.05B $4.05B $3.40B
Payables $3.62B $3.49B $3.70B $3.70B $3.40B
-Accounts Payable $1.81B $1.70B $1.95B $1.95B $1.65B
-Dividends Payable $1.81B $1.79B $1.74B $1.74B $1.75B
Total Non-Current Liabilities $30.25B $29.81B $29.85B $29.85B $27.23B
Long Term Debt and Capital Lease Obligation $29.43B $28.98B $28.83B $28.83B $26.32B
-Long Term Debt $28.70B $28.25B $28.08B $28.08B $25.79B
-Long Term Capital Lease Obligation $727.90M $734.57M $756.54M $756.54M $529.71M
Other Non-Current Liabilities $818.18M $825.48M $1.02B $1.02B $910.50M
Total Equity $5.85B $6.34B $6.71B $6.71B $2.97B
Stockholders' Equity $4.43B $4.86B $5.21B $5.21B $2.35B
Capital Stock $40.32M $40.40M $40.48M $40.48M $40.56M
-Common Stock $33,000.00 $33,000.00 $33,000.00 $33,000.00 $33,000.00
-Preferred Stock $40.29M $40.37M $40.45M $40.45M $40.53M
Additional Paid-In Capital $12.39B $12.41B $12.35B $12.35B $11.62B
Retained Earnings -$5.13B -$4.88B -$4.61B -$4.61B -$6.93B
Less: Treasury Stock $2.64B $2.49B $2.32B $2.32B $2.09B
Gains/Losses Not Affecting Retained Earnings -$233.74M -$227.77M -$251.36M -$251.36M -$281.30M
Minority Interests $1.41B $1.48B $1.50B $1.50B $624.93M
-Notes Receivable $557.73M $557.73M
Goodwill and Other Intangible Assets $69.33M $69.33M
-Goodwill $20.10M $20.10M
-Other Intangible Assets $49.23M $49.23M
Non-Current Deferred Assets $128.94M $128.94M
Short-Term Debt and Capital Lease Obligation $355.00M $355.00M
-Current Debt $355.00M $355.00M

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.20B $833.38M $4.14B $1.20B $890.26M
Net cash flow from continuing operations $1.20B $833.38M $4.14B $1.20B $890.26M
Net Income from Continuing Operations $574.13M $568.54M $5.36B $3.54B $702.70M
Gain/Loss from Continuing Operations -$107.18M $27.63M -$417.97M -$49.18M -$135.05M
Depreciation & Depletion & Amortization $497.86M $532.59M $1.55B $456.32M $374.74M
Other Non-Cash Items -$7.48M -$69.30M -$2.92B -$2.90B -$24.10M
Change in Working Capital $52.30M -$299.15M -$679,000.00 $11.03M -$137.95M
-Change in Receivables $12.45M $57.42M -$59.77M -$79.41M -$25.40M
-Change in Payables and Accrued Expense $48.03M -$301.36M $44.53M $28.09M $5.01M
-Change In Other Working Capital -$8.19M -$55.21M $14.57M $62.35M -$117.55M
Net cash flow from investing -$127.33M -$106.46M -$1.60B -$362.01M -$150.27M
Net Cash Flow from Continuing Investing Activities -$127.33M -$106.46M -$1.60B -$362.01M -$150.27M
Capital Expenditure -$236.89M -$208.40M -$934.35M -$254.90M -$205.22M
Net Business Purchase and Sale -$13.52M -$10.52M -$1.18B -$169.51M -$50.94M
Net Investment Purchase and Sale -$7.19M $173,000.00 $47.49M $7.49M -$28.71M
Net Other Investing Changes -$5.97M $3.34M $16.96M $3.77M $4.09M
Financing Cash Flow -$592.10M -$1.01B -$3.11B -$1.57B -$418.85M
Net Cash Flow from Continuing Financing Activities -$592.10M -$1.01B -$3.11B -$1.57B -$418.85M
Net Issuance Payments Of Debt $488.57M $15.83M $390.42M -$489.85M $399.92M
Net Common Stock Issuance -$220.28M -$178.98M -$248.35M -$227.66M -$4.30M
Cash Dividends Paid -$855.48M -$838.79M -$3.23B -$834.41M -$812.29M
Net Other Financing Charges -$4.91M -$5.17M -$16.70M -$14.25M -$2.17M
Ending Cash Balance $1.02B $542.96M $823.15M $823.15M $1.55B
Net Change in Cash $476.14M -$280.19M -$577.20M -$729.43M $321.14M
Beginning Cash Balance $542.96M $823.15M $1.40B $1.55B $1.23B
Free Cash Flow $958.67M $624.98M $3.20B $948.84M $685.04M
Net Preferred Stock Issuance -$5.00M -$5.00M
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