SPG Simon Property Group, Inc. Common Stock

NYSE · Real Estate · View on SEC EDGAR ↗
$201.26
Price · May 20, 2026
Fundamentals as of May 11, 2026

SPG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$201.25
Market Cap
P/E (TTM)
13.1
EPS (TTM)
$14.17
Revenue (TTM)
$6.36B
Div Yield
ROE
131.6%
Debt/Equity
52W Range
$155 – $208

SPG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $6.36B
10-point trend, +17.1%
2016-12-31 2025-12-31
EPS $14.17
5-point trend, +107.2%
2021-12-31 2025-12-31
Free Cash Flow $3.20B
10-point trend, +24.4%
2016-12-31 2025-12-31
Margins 84.3%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
SPG
Peer Median
P/E (TTM)
5-point trend, -44.1%
13.1
23.9

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
SPG
Peer Median
Operating Margin
5-point trend, +5.8%
49.9%
Net Profit Margin
5-point trend, +67.9%
84.3%
28.3%
ROA
5-point trend, +96.1%
14.7%
3.7%
ROE
5-point trend, +64.0%
131.6%
7.5%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
SPG
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
SPG
Peer Median
Revenue YoY
5-point trend, +24.4%
6.7%
Revenue CAGR 3Y
5-point trend, +24.4%
6.3%
Revenue CAGR 5Y
5-point trend, +24.4%
6.7%
EPS YoY
5-point trend, +107.2%
95.2%
Net Income YoY
5-point trend, +108.8%
96.6%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
SPG
Peer Median
EPS (Diluted)
5-point trend, +107.2%
$14.17

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
SPG
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
March 10, 2026$2.2000
Dec. 10, 2025$2.2000
Sept. 9, 2025$2.1500
June 9, 2025$2.1000
March 10, 2025$2.1000
Dec. 9, 2024$2.1000
Sept. 9, 2024$2.0500
June 7, 2024$2.0000
March 7, 2024$1.9500
Dec. 7, 2023$1.9000
Sept. 7, 2023$1.9000
June 8, 2023$1.8500
March 9, 2023$1.8000
Dec. 8, 2022$1.8000
Sept. 8, 2022$1.7500
June 8, 2022$1.7000
March 9, 2022$1.6500
Dec. 9, 2021$1.6500
Sept. 8, 2021$1.5000
July 1, 2021$1.4000

SPG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 26 analysts
  • Strong Buy 7 26.9%
  • Buy 5 19.2%
  • Hold 14 53.8%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

20 analysts · 2026-05-21
Median target $208.00 +3.4%
Mean target $213.30 +6.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.30%
Period EPS Actual EPS Est Surprise
March 31, 2026 $1.48 $1.50 -0.02%
Dec. 31, 2025 $0.43 $2.02 -1.6%
Sept. 30, 2025 $1.86 $1.70 0.16%
June 30, 2025 $1.70 $1.62 0.08%
March 31, 2025 $1.27 $1.41 -0.14%

Peer Comparison Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
SPG 13.1 6.7% 84.3% 131.6%
O $52.65B 48.2 9.1% 18.4% 2.7%
KIM $13.66B 9.0 5.1% 27.3% 5.6%
REG $12.63B 47.3 6.9% 34.0% 7.7%
FRT $8.70B 21.5 6.4% 32.1% 12.8%
BRX $8.03B 21.0 6.7% 28.2% 12.9%
ADC $8.65B 40.7 16.4% 28.4% 3.5%
NNN $7.53B 19.1 6.6% 42.1% 8.9%
MAC $4.74B -23.7 10.4% -19.4% -7.6%
PECO $4.47B 40.0 9.9% 15.3% 4.8%
KRG $5.01B 17.5 0.82% 35.4% 9.3%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 12
Annual Income Statement data for SPG
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +30.7% $6.36B $5.96B $5.66B $5.29B $5.12B $4.61B $5.76B $5.65B $5.53B $5.44B $5.27B $4.87B
SG&A Expense 12-point trend, +1.6% $61M $45M $39M $35M $30M $23M $35M $47M $52M $65M $60M $60M
Operating Expenses 12-point trend, +28.3% $3.19B $2.87B $2.85B $2.71B $2.70B $2.64B $2.84B $2.72B $2.72B $2.71B $2.60B $2.49B
Operating Income 12-point trend, +33.1% $3.18B $3.09B $2.81B $2.58B $2.41B $1.97B $2.91B $2.93B $2.80B $2.72B $2.67B $2.39B
Interest Expense 12-point trend, -1.8% $975M $906M $855M $761M $796M $784M $789M $816M $809M $858M $924M $993M
Income Tax 5-point trend, -27.8% $20M $9M $69M · · · · · · · $20M $28M
Net Income 12-point trend, +224.8% $5.36B $2.73B $2.62B $2.45B $2.57B $1.28B $2.42B $2.82B $2.24B $2.13B $2.14B $1.65B
EPS (Basic) 7-point trend, +108.1% $14.17 $7.26 $6.98 $6.52 $6.84 $3.59 $6.81 · · · · ·
EPS (Diluted) 5-point trend, +107.2% $14.17 $7.26 $6.98 $6.52 $6.84 · · · · · · ·
Shares (Basic) 9-point trend, +5.0% 326,366,632 326,097,137 326,807,326 327,816,695 328,587,137 308,737,625 307,950,112 · · · 310,102,746 310,731,032
Shares (Diluted) 9-point trend, +5.0% 326,366,632 326,097,137 326,807,326 327,816,695 328,587,137 308,737,625 307,950,112 · · · 310,102,746 310,731,032
EBITDA 12-point trend, +33.1% $3.18B $3.09B $2.81B $2.58B $2.41B $1.97B $2.91B $2.91B $2.80B $2.72B $2.67B $2.39B
Balance Sheet 13
Annual Balance Sheet data for SPG
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +34.4% $823M $1.40B $1.17B $622M $534M $1.01B $669M $514M $1.48B $560M $701M $612M
Short-term Investments · · $1.00B · · · · · · · · ·
Goodwill Flat — no change across 12 periods $20M $20M $20M $20M $20M $20M $20M $20M $20M $20M $20M $20M
Total Assets 12-point trend, +37.5% $40.61B $32.41B $34.28B $33.01B $33.78B $34.79B $31.23B $30.69B $32.26B $31.10B $30.57B $29.53B
Deferred Tax 4-point trend, +278300000.00 · · · · · · · $278M $302M $266M $0 ·
Total Liabilities 12-point trend, +43.9% $33.90B $28.81B $30.60B $29.19B $29.38B $31.13B $28.10B $26.66B $27.83B $26.01B $25.32B $23.56B
Long-term Debt 11-point trend, +26.8% $28.43B $24.26B $26.03B $24.96B $25.32B $26.72B $24.16B $23.31B $24.63B $22.98B $22.42B ·
Paid-in Capital 12-point trend, +31.0% $12.35B $11.58B $11.41B $11.23B $11.21B $11.18B $9.76B $9.70B $9.61B $9.52B $9.38B $9.42B
Retained Earnings 12-point trend, -9.5% $-4.61B $-6.38B $-6.10B $-5.93B $-5.82B $-6.10B $-5.38B $-4.89B $-4.78B $-4.46B $-4.27B $-4.21B
Treasury Stock 12-point trend, +2132.2% $2.32B $2.11B $2.16B $2.04B $1.88B $1.89B $1.77B $1.43B $1.08B $683M $437M $104M
AOCI 12-point trend, -311.8% $-251M $-193M $-173M $-165M $-185M $-189M $-119M $-126M $-110M $-114M $-253M $-61M
Stockholders' Equity 12-point trend, +2.3% $5.21B $2.94B $3.02B $3.14B $3.36B $3.04B $2.53B $3.30B $3.69B $4.31B $4.47B $5.09B
Liabilities + Equity 12-point trend, +37.5% $40.61B $32.41B $34.28B $33.01B $33.78B $34.79B $31.23B $30.69B $32.26B $31.10B $30.57B $29.53B
Cash Flow 12
Annual Cash Flow data for SPG
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +24.7% $1.43B $1.27B $1.26B $1.23B $1.26B $1.32B $1.34B $1.28B $1.28B $1.25B $1.18B $1.14B
Operating Cash Flow 12-point trend, +51.5% $4.14B $3.81B $3.93B $3.77B $3.64B $2.33B $3.81B $3.75B $3.59B $3.37B $3.02B $2.73B
CapEx 12-point trend, +17.3% $934M $756M $793M $650M $528M $484M $876M $782M $732M $798M $1.02B $797M
Investing Cash Flow 12-point trend, -78.4% $-1.60B $1.41B $-1.36B $-627M $-553M $-3.98B $-1.08B $-237M $-761M $-969M $-1.46B $-897M
Debt Issued 3-point trend, +309.9% · · · · · · · · · $14.87B $10.47B $3.63B
Net Debt Issued 10-point trend, -1617.5% $-3.28B $-2.97B $-2.66B $-3.72B $-10.08B $-12.96B $-12.43B $-9.12B $-10.46B $216M · ·
Stock Repurchased 8-point trend, -11.1% $227M · $141M $180M · $153M $360M $354M $407M $255M · ·
Net Stock Activity 6-point trend, +35.9% $-227M · $-141M $-180M · $-153M $-360M $-354M · · · ·
Financing Cash Flow 12-point trend, -6.0% $-3.11B $-4.99B $-2.02B $-3.05B $-3.56B $1.99B $-2.58B $-4.48B $-1.91B $-2.54B $-1.47B $-2.94B
Net Change in Cash 4-point trend, +183.5% · · · · · · · · $922M $-141M $89M $-1.10B
Taxes Paid 7-point trend, +34.7% $29M $119M $31M $53M $102M $20M $22M · · · · ·
Free Cash Flow 10-point trend, +24.4% $3.20B $3.06B $3.14B $3.12B $3.11B $1.84B $2.93B $2.97B $2.86B $2.57B · ·
Profitability 5
Annual Profitability data for SPG
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 12-point trend, +1.9% 49.9% 51.9% 49.6% 48.8% 47.2% 42.8% 50.5% 51.4% 50.6% 50.1% 50.7% 49.0%
Net Margin 12-point trend, +148.5% 84.3% 45.8% 46.2% 46.4% 50.2% 27.7% 42.1% 49.9% 40.5% 39.3% 40.6% 33.9%
EBITDA Margin 12-point trend, +1.9% 49.9% 51.9% 49.6% 48.8% 47.2% 42.8% 50.5% 51.4% 50.6% 50.1% 50.7% 49.0%
ROA 12-point trend, +179.8% 14.7% 8.2% 7.8% 7.3% 7.5% 3.9% 7.8% 9.0% 7.1% 6.9% 7.1% 5.2%
ROE 12-point trend, +336.0% 131.6% 91.5% 85.0% 75.5% 80.3% 45.9% 83.2% 80.8% 56.1% 48.6% 44.7% 30.2%
Liquidity & Solvency 1
Annual Liquidity & Solvency data for SPG
Metric Trend 202520242023202220212020201920182017201620152014
Interest Coverage 12-point trend, +35.5% 3.3 3.4 3.3 3.4 3.0 2.5 3.7 3.6 3.5 3.2 2.9 2.4
Efficiency 1
Annual Efficiency data for SPG
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +12.5% 0.2 0.2 0.2 0.2 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2
Per Share 4
Annual Per Share data for SPG
Metric Trend 202520242023202220212020201920182017201620152014
Revenue / Share 7-point trend, +24.4% $19.50 $18.29 $17.32 $16.14 $15.57 · · · · · $16.98 $15.68
Cash Flow / Share 7-point trend, +44.2% $12.67 $11.70 $12.03 $11.49 $11.07 · · · · · $9.75 $8.79
Dividend Paid / Share 12-point trend, +66.0% $9 $8 $7 $7 $6 $6 $8 $8 $7 $6 $6 $5
EPS (TTM) 12-point trend, +218.4% $14.17 $7.26 $6.98 $6.52 $6.84 $3.60 $4.45 $4.45 $4.45 $4.45 $4.45 $4.45
Growth Rates 8
Annual Growth Rates data for SPG
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -39.2% 6.7% 5.4% 6.9% 3.4% 11.1% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -10.4% 6.3% 5.2% 7.1% · · · · · · · · ·
Revenue CAGR 5Y 6.7% · · · · · · · · · · ·
EPS YoY 4-point trend, +2133.8% 95.2% 4.0% 7.1% -4.7% · · · · · · · ·
EPS CAGR 3Y 2-point trend, +1369.2% 29.5% 2.0% · · · · · · · · · ·
Net Income YoY 5-point trend, -4.5% 96.6% 4.3% 6.7% -4.5% 101.1% · · · · · · ·
Net Income CAGR 3Y 3-point trend, +10.4% 29.8% 2.0% 27.0% · · · · · · · · ·
Net Income CAGR 5Y 33.2% · · · · · · · · · · ·
Valuation (TTM) 4
Annual Valuation (TTM) data for SPG
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +30.7% $6.36B $5.96B $5.66B $5.29B $5.12B $4.61B $5.76B $5.65B $5.53B $5.44B $5.27B $4.87B
Net Income TTM 12-point trend, +224.8% $5.36B $2.73B $2.62B $2.45B $2.57B $1.28B $2.42B $2.82B $2.24B $2.13B $2.14B $1.65B
P/E 12-point trend, -68.1% 13.1 23.7 20.4 18.0 23.4 23.7 33.5 37.8 38.6 39.9 43.7 40.9
Earnings Yield 12-point trend, +213.5% 7.6% 4.2% 4.9% 5.5% 4.3% 4.2% 3.0% 2.6% 2.6% 2.5% 2.3% 2.4%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $6.36B$5.96B$5.66B$5.29B$5.12B
Operating Margin % 49.9%51.9%49.6%48.8%47.2%
Net Income $5.36B$2.73B$2.62B$2.45B$2.57B
Diluted EPS $14.17$7.26$6.98$6.52$6.84
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $3.20B$3.06B$3.14B$3.12B$3.11B

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