SIMON PROPERTY GROUP, INC. financials

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SPG CIK 0001063761

Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T10:17:13Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 3.20B 3.06B 3.14B 3.12B 3.11B 1.84B
EBITDA 4.60B 4.36B 4.07B 3.81B 3.68B 3.29B
Net Debt 28.36B 23.38B 25.35B 24.84B 25.29B 26.23B
Operating Margin 49.89% 51.86% 49.60% 48.83% 47.16% 42.80%
Net Margin 84.28% 45.76% 46.25% 46.35% 50.20% 27.72%
Return on Equity (ROE) 102.99% 92.76% 86.58% 78.14% 76.42% 42.02%
Return on Assets (ROA) 13.21% 8.42% 7.63% 7.43% 7.60% 3.67%
Debt-to-Equity 5.6039 8.4247 8.7727 8.1115 7.6836 8.9617
Cash Conversion Ratio 0.7712 1.3978 1.502 1.5359 1.416 1.8215
Accruals Ratio 0.0302 -0.0335 -0.0383 -0.0398 -0.0316 -0.0302
CapEx Coverage 4.4272 5.0486 4.9551 5.7946 6.8899 4.806
Free Cash Flow Per Share $9.81 $9.38 $9.60 $9.51 $9.46 $5.97

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 13.0635 23.7204 20.4355 18.0184 23.3582 99.1628
P/FCF 18.8663 18.3575 14.8576 12.3571 16.8835 14.2893
FCF Yield 5.30% 5.45% 6.73% 8.09% 5.92% 7.00%
EV / EBITDA 19.2918 18.2513 17.6856 16.6229 21.1628 15.9755
P/S 9.4923 9.4163 8.2377 7.2781 10.26 5.7144
P/B 11.5996 19.0886 15.4212 12.2707 15.6178 8.6624

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenues 6.36B 5.96B 5.66B 5.29B 5.12B 4.61B
Operating Income (Loss) 3.18B 3.09B 2.81B 2.58B 2.41B 1.97B
Income Tax Expense (Benefit) 20.28M 9.31M 68.81M — — —
Earnings Per Share, Basic $14.17 $7.26 $6.98 $6.52 $6.84 $3.59
Weighted Average Number of Shares Outstanding, Basic 326.37M 326.10M 326.81M 327.82M 328.59M 308.74M
Earnings Per Share, Diluted $14.17 $7.26 $6.98 $6.52 $6.84 $0.86
Weighted Average Number of Shares Outstanding, Diluted 326.37M 326.10M 326.81M 327.82M 328.59M 308.74M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 823.15M 1.40B 1.17B 621.63M 533.94M 1.01B
Assets 40.61B 32.41B 34.28B 33.01B 33.78B 34.79B
Long-term Debt 28.43B 24.26B 26.03B 24.96B 25.32B 26.72B
Liabilities 33.90B 28.81B 30.60B 29.19B 29.38B 31.13B
Stockholders' Equity Attributable to Parent 5.21B 2.94B 3.02B 3.14B 3.36B 3.04B

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 4.14B 3.81B 3.93B 3.77B 3.64B 2.33B
Net Cash Provided by (Used in) Investing Activities -1.60B 1.41B -1.36B -626.56M -552.76M -3.98B
Payments for Repurchase of Common Stock 226.83M — 140.59M 180.39M — 152.59M
Net Cash Provided by (Used in) Financing Activities -3.11B -4.99B -2.02B -3.05B -3.56B 1.99B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Income Statement

28 concepts 3 units
Unit US$ · 23 concepts
Label Value Period
Lease Income 5.84B 2025-01-01 → 2025-12-31
Other Income 380.92M 2025-01-01 → 2025-12-31
Interest Expense 974.84M 2025-01-01 → 2025-12-31
Operating Lease, Lease Income 5.84B 2025-01-01 → 2025-12-31
Amortization of Debt Issuance Costs 32.29M 2025-01-01 → 2025-12-31
Revenues 6.36B 2025-01-01 → 2025-12-31
Direct Costs of Leased and Rented Property or Equipment 580.98M 2025-01-01 → 2025-12-31
Cost of Property Repairs and Maintenance 119.92M 2025-01-01 → 2025-12-31
Costs and Expenses 3.19B 2025-01-01 → 2025-12-31
Depreciation, Depletion and Amortization, Nonproduction 1.43B 2025-01-01 → 2025-12-31
Other Cost and Expense, Operating 142.21M 2025-01-01 → 2025-12-31
Marketing and Advertising Expense 155.83M 2025-01-01 → 2025-12-31
Real Estate Tax Expense 451.13M 2025-01-01 → 2025-12-31
General and Administrative Expense 60.89M 2025-01-01 → 2025-12-31
Operating Income (Loss) 3.18B 2025-01-01 → 2025-12-31
InterestExpenseNonoperating 974.84M 2025-01-01 → 2025-12-31
Income (Loss) from Equity Method Investments 504.09M 2025-01-01 → 2025-12-31
Income Tax Expense (Benefit) 20.28M 2025-01-01 → 2025-12-31
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 5.36B 2025-01-01 → 2025-12-31
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest -1.19M 2025-01-01 → 2025-12-31
Net Income (Loss) Attributable to Noncontrolling Interest 736.51M 2025-01-01 → 2025-12-31
Preferred Stock Dividends and Other Adjustments 3.34M 2025-01-01 → 2025-12-31
Net Income (Loss) Available to Common Stockholders, Basic 4.62B 2025-01-01 → 2025-12-31
Unit shares · 2 concepts
Label Value Period
Weighted Average Number of Shares Outstanding, Basic 326.37M 2025-01-01 → 2025-12-31
Weighted Average Number of Shares Outstanding, Diluted 326.37M 2025-01-01 → 2025-12-31
Unit US$ / share · 3 concepts
Label Value Period
Earnings Per Share, Basic $14.17 2025-01-01 → 2025-12-31
Earnings Per Share, Diluted $14.17 2025-01-01 → 2025-12-31
Common Stock, Dividends, Per Share, Cash Paid $8.55 2025-01-01 → 2025-12-31

Comprehensive Income

6 concepts 1 unit

Balance Sheet

37 concepts 2 units
Unit US$ · 36 concepts
Label Value Period
Cash and Cash Equivalents, at Carrying Value 823.15M as of 2025-12-31
Investment Building and Building Improvements 45.78B as of 2025-12-31
Development in Process 813.46M as of 2025-12-31
Equity Securities, FV-NI 33.70M as of 2025-12-31
Real Estate Investment Property, at Cost 50.95B as of 2025-12-31
Real Estate Investment Property, Accumulated Depreciation 20.70B as of 2025-12-31
Real Estate Investment Property, Net 30.24B as of 2025-12-31
Debt Securities, Available-for-sale 161.60M as of 2025-12-31
Accounts and Financing Receivable, after Allowance for Credit Loss 934.08M as of 2025-12-31
Deferred Costs, Leasing, Gross 252.76M as of 2025-12-31
Deferred Costs, Leasing, Accumulated Amortization 123.82M as of 2025-12-31
Deferred Costs, Leasing, Net 128.94M as of 2025-12-31
Fixtures and Equipment, Gross 643.52M as of 2025-12-31
Operating Lease, Right-of-Use Asset 755.93M as of 2025-12-31
Land 4.52B as of 2025-12-31
Self Insurance Reserve 138.10M as of 2025-12-31
Goodwill 20.10M as of 2025-12-31
Dividends Payable 2.72M as of 2025-12-31
Operating Lease, Liability 756.54M as of 2025-12-31
Assets 40.61B as of 2025-12-31
Other Long-term Debt 24.60M as of 2025-12-31
Long-term Debt 28.43B as of 2025-12-31
Other Liabilities 1.02B as of 2025-12-31
Liabilities 33.90B as of 2025-12-31
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests 233.31M as of 2025-12-31
Preferred Stock, Value, Issued 40.45M as of 2025-12-31
Additional Paid in Capital 12.35B as of 2025-12-31
Treasury Stock, Common, Value 2.32B as of 2025-12-31
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax -278.30M as of 2025-12-31
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax 25.00M as of 2025-12-31
Accumulated Other Comprehensive Income (Loss), Net of Tax -251.36M as of 2025-12-31
Retained Earnings (Accumulated Deficit) -4.61B as of 2025-12-31
Stockholders' Equity Attributable to Parent 5.21B as of 2025-12-31
Stockholders' Equity Attributable to Noncontrolling Interest 1.26B as of 2025-12-31
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 6.47B as of 2025-12-31
Liabilities and Equity 40.61B as of 2025-12-31
Unit shares · 1 concept
Label Value Period
Treasury Stock, Common, Shares 16.68M as of 2025-12-31

Cash Flow Statement

31 concepts 1 unit
Unit US$ · 31 concepts
Label Value Period
Amortization of Debt Discount (Premium) 8.96M 2025-01-01 → 2025-12-31
Straight Line Rent 27.79M 2025-01-01 → 2025-12-31
Payments to Acquire Real Estate and Real Estate Joint Ventures 1.11B 2025-01-01 → 2025-12-31
Operating Lease, Payments 54.11M 2025-01-01 → 2025-12-31
Proceeds from Debt, Net of Issuance Costs 3.67B 2025-01-01 → 2025-12-31
Interest Paid, Excluding Capitalized Interest, Operating Activities 945.74M 2025-01-01 → 2025-12-31
Proceeds from Equity Method Investment, Distribution 445.90M 2025-01-01 → 2025-12-31
IncomeTaxPaidFederalAfterRefundReceived -174.00K 2025-01-01 → 2025-12-31
IncomeTaxPaidStateAndLocalAfterRefundReceived -5.23M 2025-01-01 → 2025-12-31
Income Taxes Paid, Net 29.13M 2025-01-01 → 2025-12-31
Increase (Decrease) in Accounts and Notes Receivable 59.77M 2025-01-01 → 2025-12-31
Increase (Decrease) in Equity Securities, FV-NI -106.08M 2025-01-01 → 2025-12-31
Increase (Decrease) in Prepaid Expense and Other Assets -14.56M 2025-01-01 → 2025-12-31
Net Cash Provided by (Used in) Operating Activities 4.14B 2025-01-01 → 2025-12-31
Payments to Acquire Productive Assets 934.35M 2025-01-01 → 2025-12-31
Payments to Acquire Investments 48.70M 2025-01-01 → 2025-12-31
Proceeds from Sale, Maturity and Collection of Investments 96.19M 2025-01-01 → 2025-12-31
Payments to Acquire Interest in Subsidiaries and Affiliates 62.42M 2025-01-01 → 2025-12-31
Proceeds from Equity Method Investment, Distribution, Return of Capital 341.15M 2025-01-01 → 2025-12-31
Repayment of Notes Receivable from Related Parties 16.96M 2025-01-01 → 2025-12-31
Net Cash Provided by (Used in) Investing Activities -1.60B 2025-01-01 → 2025-12-31
Repayments of Long-term Debt 3.28B 2025-01-01 → 2025-12-31
Proceeds from Noncontrolling Interests 6.71M 2025-01-01 → 2025-12-31
Payments to Noncontrolling Interests 23.40M 2025-01-01 → 2025-12-31
Payments for Repurchase of Redeemable Convertible Preferred Stock 5.00M 2025-01-01 → 2025-12-31
Payments for Repurchase of Common Stock 226.83M 2025-01-01 → 2025-12-31
Payments of Ordinary Dividends, Noncontrolling Interest 439.38M 2025-01-01 → 2025-12-31
Payment, Tax Withholding, Share-based Payment Arrangement 13.91M 2025-01-01 → 2025-12-31
Net Cash Provided by (Used in) Financing Activities -3.11B 2025-01-01 → 2025-12-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect -577.20M 2025-01-01 → 2025-12-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 823.15M as of 2025-12-31

Stockholders' Equity

1 concepts 1 unit
Unit shares · 1 concept
Label Value Period
Partners' Capital Account, Units, Redeemed 41,510 2025-01-01 → 2025-12-31

Notes

80 concepts 7 units
Unit US$ · 71 concepts
Label Value Period
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross 50.30B as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Improvements 935.20M 2025-01-01 → 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Cost of Investment in Real Estate Sold 119.32M 2025-01-01 → 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation 20.23B as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Depreciation Expense 1.48B 2025-01-01 → 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Federal Income Tax Basis 29.28B as of 2025-12-31
Federal Income Tax Expense (Benefit), Continuing Operations -1.67M 2025-01-01 → 2025-12-31
State and Local Income Tax Expense (Benefit), Continuing Operations 2.92M 2025-01-01 → 2025-12-31
Foreign Income Tax Expense (Benefit), Continuing Operations 19.03M 2025-01-01 → 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances 8.23B as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Land 4.13B as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Building and Improvements 34.94B as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land 391.24M as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements 10.84B as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Land, Amount 4.52B as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 45.78B as of 2025-12-31
Equity Securities without Readily Determinable Fair Value, Amount 329.10M as of 2025-12-31
Deferred Costs and Other Assets 1.98B as of 2025-12-31
SegmentReportingOtherItemAmount 141.95M 2025-01-01 → 2025-12-31
Noncontrolling Interest in Operating Partnerships 884.91M as of 2025-12-31
Other Noncontrolling Interests 378.91M as of 2025-12-31
Treasury Stock, Value, Acquired, Cost Method 226.83M 2025-01-01 → 2025-12-31
Net Income (Loss) Available to Common Stockholders, Diluted 4.62B 2025-01-01 → 2025-12-31
Below Market Lease, Net 5.33M as of 2025-12-31
Below Market Lease, Gross 5.30M as of 2025-12-31
Below Market Lease, Amortization Income, Year One 1.60M as of 2025-12-31
Below Market Lease, Amortization Income, Year Two 1.26M as of 2025-12-31
Below Market Lease, Amortization Income, Year Three 1.22M as of 2025-12-31
Below Market Lease, Amortization Income, Year Four 1.12M as of 2025-12-31
Below Market Lease, Amortization Income, Year Five 115.00K as of 2025-12-31
Below Market Lease, Amortization Income, after Year Five 13.00K as of 2025-12-31
Operating Lease, Cost 37.07M 2025-01-01 → 2025-12-31
Variable Lease, Cost 17.09M 2025-01-01 → 2025-12-31
Lease, Cost 54.16M 2025-01-01 → 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year One 51.85M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Two 52.05M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Three 52.27M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Four 52.32M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Five 52.44M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, after Year Five 1.53B as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid 1.80B as of 2025-12-31
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.04B as of 2025-12-31
Long-term Debt, Gross 28.60B as of 2025-12-31
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax -9.65M 2025-01-01 → 2025-12-31
Variable Lease, Income 1.11B 2025-01-01 → 2025-12-31
Operating Lease, Lease Income, Lease Payments 4.73B 2025-01-01 → 2025-12-31
Deferred Tax Liabilities, Net 365.80M as of 2025-12-31
Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Annual Amount 67.60M 2025-01-01 → 2025-12-31
Long-Term Debt, Maturity, Year One 5.91B as of 2025-12-31
Long-Term Debt, Maturity, Year Two 3.94B as of 2025-12-31
Long-Term Debt, Maturity, Year Three 2.30B as of 2025-12-31
Long-Term Debt, Maturity, Year Four 2.94B as of 2025-12-31
Long-Term Debt, Maturity, Year Five 1.66B as of 2025-12-31
Long-Term Debt, Maturity, after Year Five 11.86B as of 2025-12-31
Gain (Loss) on Derivative Used in Net Investment Hedge, after Tax -240.20M 2025-01-01 → 2025-12-31
Long-term Debt, Percentage Bearing Fixed Interest, Amount 28.09B as of 2025-12-31
Long-term Debt, Percentage Bearing Variable Interest, Amount 311.02M as of 2025-12-31
Debt Instrument, Unamortized Discount 73.17M as of 2025-12-31
Debt Instrument, Unamortized Premium 1.06M as of 2025-12-31
Debt Issuance Costs, Net 117.85M as of 2025-12-31
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net 6.80M as of 2025-12-31
Debt Issuance Costs, Gross 266.29M as of 2025-12-31
Accumulated Amortization, Debt Issuance Costs 148.43M as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, Year One 4.12B as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, Year Two 3.51B as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, Year Three 2.84B as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, Year Four 2.24B as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, Year Five 1.73B as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, after Year Five 5.30B as of 2025-12-31
Lessor, Operating Lease, Payments to be Received 19.73B as of 2025-12-31
Interest Costs Capitalized 30.96M 2025-01-01 → 2025-12-31
Unit shares · 3 concepts
Label Value Period
Common Stock, Capital Shares Reserved for Future Issuance 60.58M as of 2025-12-31
Treasury Stock, Shares, Acquired 1.25M 2025-01-01 → 2025-12-31
Stock Repurchased During Period, Shares 81,996 2025-01-01 → 2025-12-31
Unit US$ / share · 2 concepts
Label Value Period
Treasury Stock Acquired, Average Cost Per Share $182.02 2025-01-01 → 2025-12-31
Distribution Made to Limited Partner, Distributions Paid, Per Unit $8.55 2025-01-01 → 2025-12-31
Unit pure · 1 concept
Label Value Period
Operating Lease, Weighted Average Discount Rate, Percent 0.0532 as of 2025-12-31
Unit DerivativeInstrument · 1 concept
Label Value Period
Number of Credit Risk Derivatives Held 0 as of 2025-12-31
Unit property · 1 concept
Label Value Period
Number of Properties Subject to Ground Leases 29 as of 2025-12-31
Unit segment · 1 concept
Label Value Period
Number of Reportable Segments 1 2025-01-01 → 2025-12-31

Other

2 concepts 1 unit
Unit shares · 2 concepts
Label Value Period
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture 157,360 2025-01-01 → 2025-12-31
Stock Issued During Period, Shares, Conversion of Units 116,558 2025-01-01 → 2025-12-31

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (SPG CIK 0001063761), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.