SPG Simon Property Group, Inc. Common Stock
About Simon Property Group, Inc. Common Stock Company overview from Wikipedia
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. As of June 9, 2026, it owned interests in 235 properties.
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Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. As of June 9, 2026, it owned interests in 235 properties.
History
20th century
Simon Property Group dates to 1960, when brothers Melvin Simon and Herbert Simon began developing strip malls in Indianapolis, Indiana. In December 1993, they took their interests public as Simon Property Group in the largest initial public offering of a real estate investment trust to date. Simon Property Group merged with the newly public DeBartolo Realty Corporation, owner of the real estate assets of Edward J. DeBartolo Sr., in 1996 to form Simon DeBartolo Group. In the following year, the company acquired The Retail Property Trust for $1.2 billion in a hostile takeover. Also in 1997, in partnership with Macerich, the company acquired 12 malls from IBM's pension plan for $974.5 million. One year after these acquisitions, the company acquired Corporate Property Investors and was reverted to the Simon Property Group name. The company also acquired an ownership interest in Groupe BEG, S.A., operator of shopping centers in Europe.
In 1999, the company acquired 14 shopping centers from New England Development for $725 million.
21st century
In 2002, in partnership with Westfield Group and The Rouse Company, the company acquired 13 properties from Rodamco North America including Copley Place, Houston Galleria, and SouthPark Mall. In the following year, Simon acquired a majority interest The Kravco Company, owner of the King of Prussia, for $300 million. The company entered the outlet mall business in June 2004 with the acquisition of Chelsea Property Group, Inc. for $3.5 billion, making their fourth platform Chelsea Premium Outlets (later renamed Simon Premium Outlets, or simply Premium Outlets).
In April 2007, Simon Property Group and Farallon Capital Management acquired the Chevy Chase, Maryland-based Mills Corporation for $1.64 billion. The acquisition led to the creation of Simon's fifth platform, known as The Mills, and ownership and management of Sawgrass Mills in South Florida, the largest outlet mall in the world.
Two years later, Simon attempted to acquire malls owned by General Growth Properties. The Premium Outlets portfolio was expanded with the acquisition of Prime Retail for $2.24 billion in December 2009. In February 2010, Simon placed a bid acquire General Growth Properties, which was in bankruptcy protection. However, the bid was rejected by GGP. A GGP shareholder filed suit (Young v. Bucksbaum) against the company's board of directors for rejecting Simon's bid, alleging breach of fiduciary duty. In April 2010, Simon offered to make a $2.5 billion equity investment in GGP including a $1 billion investment by Paulson & Co. In May 2010, Simon withdrew from the bidding for GGP after GGP favored transactions with Brookfield Asset Management.
In May 2010, Simon acquired Prime Retail's Prime Outlets-Puerto Rico in Barceloneta, Puerto Rico, which it immediately renamed to Puerto Rico Premium Outlets. In August 2010, Simon acquired an additional 21 outlet malls, including locations in Williamsburg, Virginia (Williamsburg Premium Outlets), San Marcos, Texas (San Marcos Premium Outlets) and Hagerstown, Maryland (Prime Outlets-Hagerstown, now Hagerstown Premium Outlets) for a total of $2.3 billion. Several months later, Simon made a $4.5 billion bid for Capital Shopping Centres Group plc in December. However, the offer was rejected and withdrawn in January 2011. In September 2011, Simon acquired Southdale Center in Edina, Minnesota. In March 2012, Simon acquired Farallon's stake in 26 Landmark Mills malls for $1.5 billion. In August 2013, Toronto Premium Outlets opened in Halton Hills, Ontario, Canada. In October 2014, Premium Outlets Montreal, the second in Canada, opened.
In May 2014, the company completed the corporate spin-off of Washington Prime Group, headed by Mark Ordan, the final CEO of The Mills Corporation. In January 2015, Washington Prime Group acquired Glimcher Realty Trust and was renamed WP Glimcher. As part of the deal, Simon acquired The Outlet Collection Jersey Gardens (which it renamed to The Mills at Jersey Gardens to integrate it into its The Mills platform) in Elizabeth, New Jersey and University Park Village in Fort Worth, Texas, while WP Glimcher acquired Brunswick Square in East Brunswick, New Jersey from Simon. Two months later, the company offered $23.3 billion for Macerich; however the offer was rejected and withdrawn in April 2015.
In September 2016, in partnership with Authentic Brands Group and GGP Inc., the company acquired Aéropostale.
In October 2016, Simon opened Clarksburg Premium Outlets in Montgomery County, Maryland. It was their first shopping center in the Premium Outlets portfolio to have two floors, as well as the first open-air outlet mall in North America developed from scratch to feature two floors. In May 2018, Premium Outlet Collection YEG opened at Edmonton International Airport. In February 2020, in partnership with Authentic Brands Group, the company acquired Forever 21.
In August 2020, in partnership with Authentic Brands, the company acquired Brooks Brothers and Lucky Brand Jeans. In December 2020, the company acquired Taubman Centers for $3.4 billion. It also acquired JCPenney in partnership with Brookfield Asset Management. In April 2022, Simon and Brookfield offered to buy Kohl's but were rejected. Simon purchased a 50% stake in Jamestown L.P., a real estate developer, in October 2022.
In February 2025, Herb Simon retired as chairman and director. In August 2025, Simon Property named executive vice president, Eli Simon, as their new Chief operating officer (COO).
On March 22, 2026, CEO David Simon died of cancer at age 64. Eli Simon took over as CEO and will remain COO.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
SPG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 9, 2026 | $2.2500 |
| 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 |
SPG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 6 23.1%
- Buy 4 15.4%
- Hold 16 61.5%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
19 analysts · 2026-08-20Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $3.29 | $1.69 | 1.6% |
| 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 (GICS sub-industry) 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% | — |
| ADC | $8.65B | 40.7 | 16.4% | 28.4% | 3.5% | — |
| BRX | $8.03B | 21.0 | 6.7% | 28.2% | 12.9% | — |
| 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
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $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 | $61M | $45M | $39M | $35M | $30M | $23M | $35M | $47M | $52M | $65M | $60M | $60M | |
| Operating Expenses | $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 | $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 | $975M | $906M | $855M | $761M | $796M | $784M | $789M | $816M | $809M | $858M | $924M | $993M | |
| Income Tax | $20M | $9M | $69M | · | · | · | · | · | · | · | $20M | $28M | |
| Net Income | $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) | $14.17 | $7.26 | $6.98 | $6.52 | $6.84 | $3.59 | $6.81 | · | · | · | · | · | |
| EPS (Diluted) | $14.17 | $7.26 | $6.98 | $6.52 | $6.84 | · | · | · | · | · | · | · | |
| Shares (Basic) | 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) | 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 | $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
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $823M | $1.40B | $1.17B | $622M | $534M | $1.01B | $669M | $514M | $1.48B | $560M | $701M | $612M | |
| Short-term Investments | · | · | $1.00B | · | · | · | · | · | · | · | · | · | |
| Goodwill | $20M | $20M | $20M | $20M | $20M | $20M | $20M | $20M | $20M | $20M | $20M | $20M | |
| Total Assets | $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 | · | · | · | · | · | · | · | $278M | $302M | $266M | $0 | · | |
| Total Liabilities | $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 | $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 | $12.35B | $11.58B | $11.41B | $11.23B | $11.21B | $11.18B | $9.76B | $9.70B | $9.61B | $9.52B | $9.38B | $9.42B | |
| Retained Earnings | $-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 | $2.32B | $2.11B | $2.16B | $2.04B | $1.88B | $1.89B | $1.77B | $1.43B | $1.08B | $683M | $437M | $104M | |
| AOCI | $-251M | $-193M | $-173M | $-165M | $-185M | $-189M | $-119M | $-126M | $-110M | $-114M | $-253M | $-61M | |
| Stockholders' Equity | $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 | $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
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $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 | $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 | $934M | $756M | $793M | $650M | $528M | $484M | $876M | $782M | $732M | $798M | $1.02B | $797M | |
| Investing Cash Flow | $-1.60B | $1.41B | $-1.36B | $-627M | $-553M | $-3.98B | $-1.08B | $-237M | $-761M | $-969M | $-1.46B | $-897M | |
| Debt Issued | · | · | · | · | · | · | · | · | · | $14.87B | $10.47B | $3.63B | |
| Net Debt Issued | $-3.28B | $-2.97B | $-2.66B | $-3.72B | $-10.08B | $-12.96B | $-12.43B | $-9.12B | $-10.46B | $216M | · | · | |
| Stock Repurchased | $227M | · | $141M | $180M | · | $153M | $360M | $354M | $407M | $255M | · | · | |
| Net Stock Activity | $-227M | · | $-141M | $-180M | · | $-153M | $-360M | $-354M | · | · | · | · | |
| Financing Cash Flow | $-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 | · | · | · | · | · | · | · | · | $922M | $-141M | $89M | $-1.10B | |
| Taxes Paid | $29M | $119M | $31M | $53M | $102M | $20M | $22M | · | · | · | · | · | |
| Free Cash Flow | $3.20B | $3.06B | $3.14B | $3.12B | $3.11B | $1.84B | $2.93B | $2.97B | $2.86B | $2.57B | · | · |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 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 | 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 | 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 | 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 | 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
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | 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
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
Growth Rates 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 6.7% | 5.4% | 6.9% | 3.4% | 11.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 6.3% | 5.2% | 7.1% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 6.7% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 95.2% | 4.0% | 7.1% | -4.7% | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 29.5% | 2.0% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 96.6% | 4.3% | 6.7% | -4.5% | 101.1% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 29.8% | 2.0% | 27.0% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 33.2% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $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 | $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 | 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 | 7.6% | 4.2% | 4.9% | 5.5% | 4.3% | 4.2% | 3.0% | 2.6% | 2.6% | 2.5% | 2.3% | 2.4% |
Income Statement 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.79B | $1.76B | $1.79B | $1.60B | $1.50B | $1.47B | $1.58B | $1.48B | $1.46B | $1.44B | $1.53B | $1.41B | $1.37B | $1.35B | $1.40B | $1.32B | |
| SG&A Expense | $12M | $54M | $18M | $16M | $14M | $13M | $16M | $9M | $11M | $9M | $10M | $9M | $10M | $9M | $10M | $8M | |
| Operating Expenses | $966M | $995M | $901M | $789M | $754M | $745M | $746M | $713M | $704M | $707M | $735M | $717M | $712M | $688M | $716M | $664M | |
| Operating Income | $824M | $762M | $891M | $813M | $744M | $728M | $836M | $768M | $754M | $735M | $792M | $694M | $658M | $663M | $684M | $652M | |
| Interest Expense | $281M | $276M | $272M | $243M | $233M | $227M | $227M | $226M | $221M | $231M | $225M | $212M | $218M | $199M | $201M | $188M | |
| Net Income | $574M | $569M | $3.54B | $703M | $644M | $478M | $772M | $547M | $569M | $841M | $859M | $681M | $558M | $519M | $773M | $622M | |
| EPS (Basic) | $1.49 | $1.48 | $9.35 | $1.86 | $1.70 | $1.27 | $2.04 | $1.46 | $1.51 | $2.25 | $2.29 | $1.82 | $1.49 | $1.38 | $2.06 | $1.65 | |
| EPS (Diluted) | $1.49 | $1.48 | $9.35 | $1.86 | $1.70 | $1.27 | $2.04 | $1.46 | $1.51 | $2.25 | $2.29 | $1.82 | $1.49 | $1.38 | $2.06 | $1.65 | |
| Shares (Basic) | 324,018,022 | 324,961,423 | 326,180,391 | 326,485,607 | 326,487,253 | 326,313,432 | 326,278,138 | 326,157,686 | 326,038,544 | 325,911,525 | -654,495,496 | 327,158,743 | 327,189,785 | 326,954,294 | -656,520,287 | 327,286,003 | |
| Shares (Diluted) | 324,018,022 | 324,961,423 | 326,180,391 | 326,485,607 | 326,487,253 | 326,313,432 | 326,278,138 | 326,157,686 | 326,038,544 | 325,911,525 | -654,495,496 | 327,158,743 | 327,189,785 | 326,954,294 | -656,520,287 | 327,286,003 | |
| EBITDA | $824M | $762M | · | $813M | $744M | $728M | · | $768M | $754M | $735M | · | $694M | $658M | $663M | · | $652M |
Balance Sheet 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.02B | $543M | $823M | $1.55B | $1.23B | $1.38B | $1.40B | $2.17B | $1.23B | $1.25B | · | $769M | $837M | $1.16B | · | $602M | |
| Short-term Investments | · | · | · | · | · | · | · | $300M | $1.30B | $1.30B | · | · | · | · | · | · | |
| Goodwill | · | · | $20M | · | · | · | $20M | · | · | · | · | · | · | · | · | · | |
| Total Assets | $39.71B | $39.64B | $40.61B | $33.60B | $33.30B | $32.50B | $32.41B | $33.28B | $33.38B | $33.70B | · | $32.96B | $32.82B | $33.30B | · | $32.80B | |
| Total Liabilities | $33.86B | $33.30B | $33.90B | $30.63B | $30.20B | $29.23B | $28.81B | $29.95B | $29.79B | $29.93B | · | $29.35B | $29.29B | $29.62B | · | $28.76B | |
| Long-term Debt | $28.70B | $28.25B | $28.43B | $25.79B | $25.40B | $24.75B | $24.26B | $25.42B | $25.29B | $25.52B | · | $24.92B | $24.99B | $25.57B | · | $24.64B | |
| Paid-in Capital | $12.39B | $12.41B | $12.35B | $11.62B | $11.59B | $11.59B | $11.58B | $11.34B | $11.36B | $11.37B | · | $11.39B | $11.21B | $11.23B | · | $11.23B | |
| Retained Earnings | $-5.13B | $-4.88B | $-4.61B | $-6.93B | $-6.84B | $-6.71B | $-6.38B | $-6.36B | $-6.16B | $-5.99B | · | $-6.22B | $-6.19B | $-6.07B | · | $-6.05B | |
| Treasury Stock | $2.64B | $2.49B | $2.32B | $2.09B | $2.09B | $2.10B | $2.11B | $2.11B | $2.14B | $2.15B | · | $2.12B | $2.02B | $2.04B | · | $2.04B | |
| AOCI | $-234M | $-228M | $-251M | $-281M | $-256M | $-220M | $-193M | $-206M | $-167M | $-166M | · | $-141M | $-176M | $-161M | · | $-161M | |
| Stockholders' Equity | $4.43B | $4.86B | $5.21B | $2.35B | $2.45B | $2.61B | $2.94B | $2.71B | $2.94B | $3.11B | · | $2.95B | $2.87B | $3.00B | · | $3.02B | |
| Liabilities + Equity | $39.71B | $39.64B | $40.61B | $33.60B | $33.30B | $32.50B | $32.41B | $33.28B | $33.38B | $33.70B | · | $32.96B | $32.82B | $33.30B | · | $32.80B |
Cash Flow 9
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $460M | $459M | $421M | $339M | $339M | $328M | $328M | $320M | $310M | $307M | $320M | $315M | $320M | $307M | $317M | $302M | |
| Operating Cash Flow | $1.20B | $833M | $1.20B | $890M | $1.22B | $827M | $1.09B | $893M | $1.06B | $773M | $1.04B | $936M | $1.13B | $829M | $932M | $942M | |
| CapEx | $237M | $208M | $255M | $205M | $244M | $230M | $218M | $186M | $188M | $163M | $178M | $228M | $221M | $166M | $185M | $156M | |
| Investing Cash Flow | $-127M | $-106M | $-362M | $-150M | $-711M | $-378M | $9M | $811M | $-105M | $693M | $-871M | $-180M | $-153M | $-160M | $-262M | $-137M | |
| Net Debt Issued | · | $-1.80B | · | · | · | $-526M | · | · | · | $-670M | · | · | · | $-867M | · | · | |
| Stock Repurchased | $161M | $175M | · | · | · | · | · | · | · | · | $35M | · | · | · | $0 | $36M | |
| Net Stock Activity | · | $-175M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-592M | $-1.01B | $-1.57B | $-419M | $-653M | $-470M | $-1.86B | $-769M | $-975M | $-1.38B | $234M | $-825M | $-1.29B | $-135M | $-650M | $-744M | |
| Free Cash Flow | · | $625M | · | · | · | $597M | · | · | · | $610M | · | · | · | $663M | · | · |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 46.0% | 43.4% | · | 50.8% | 49.7% | 49.4% | · | 51.8% | 51.7% | 51.0% | · | 49.2% | 48.0% | 49.1% | · | 49.6% | |
| Net Margin | 32.1% | 32.4% | · | 43.9% | 43.0% | 32.4% | · | 36.9% | 39.1% | 58.3% | · | 48.2% | 40.7% | 38.4% | · | 47.3% | |
| EBITDA Margin | 46.0% | 43.4% | · | 50.8% | 49.7% | 49.4% | · | 51.8% | 51.7% | 51.0% | · | 49.2% | 48.0% | 49.1% | · | 49.6% | |
| ROA | 1.6% | 1.6% | · | 2.1% | 1.9% | 1.4% | · | 1.7% | 1.7% | 2.5% | · | 2.1% | 1.7% | 1.6% | · | 1.9% | |
| ROE | 16.7% | 15.2% | · | 27.8% | 23.9% | 16.7% | · | 19.3% | 19.6% | 27.5% | · | 22.8% | 18.8% | 16.6% | · | 19.4% |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | 2.9 | 2.8 | · | 3.3 | 3.2 | 3.2 | · | · | · | 3.2 | · | 3.3 | 3.0 | 3.3 | · | 3.5 |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $6.94B | $6.65B | · | $6.16B | $6.03B | $5.99B | · | $5.91B | $5.84B | $5.75B | · | $5.53B | $5.44B | $5.35B | · | $5.22B | |
| Net Income TTM | $5.39B | $5.45B | · | $2.60B | $2.44B | $2.37B | · | $2.82B | $2.95B | $2.94B | · | $2.53B | $2.47B | $2.48B | · | $2.25B | |
| P/E | 15.8 | 13.0 | · | 27.3 | 24.8 | 26.4 | · | 22.5 | 19.3 | 19.9 | · | 16.0 | 17.6 | 17.0 | · | 15.0 | |
| Earnings Yield | 6.3% | 7.7% | · | 3.7% | 4.0% | 3.8% | · | 4.4% | 5.2% | 5.0% | · | 6.2% | 5.7% | 5.9% | · | 6.7% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| 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
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $3.20B | $3.06B | $3.14B | $3.12B | $3.11B |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 1,486 filers · $40.0B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 159 (+13 vs prior Q) | 84 (+8 vs prior Q) | 490 (-11 vs prior Q) | 472 (+23 vs prior Q) | +6.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $6,235,065,440 | 27,878,674 | 15.60% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $4,614,396,451 | 20,632,222 | 11.55% | Shares |
| STATE STREET CORP | $4,552,746,881 | 20,356,570 | 11.39% | Shares |
| Capital World Investors | $2,353,700,251 | 10,524,034 | 5.89% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $2,292,065,468 | 10,282,888 | 5.74% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $1,866,747,283 | 8,346,735 | 4.67% | Shares |
| NORGES BANK | $960,193,638 | 4,293,287 | 2.40% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $945,950,425 | 4,229,602 | 2.37% | Shares |
| FMR LLC | $540,620,054 | 2,417,259 | 1.35% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $489,647,009 | 2,189,345 | 1.23% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $454,094,490 | 2,030,380 | 1.14% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $413,507,156 | 1,848,903 | 1.03% | Shares |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | $344,003,669 | 1,538,134 | 0.86% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $326,057,769 | 1,457,893 | 0.82% | Shares |
| Smead Capital Management, Inc. | $313,048,462 | 1,399,725 | 0.78% | Shares |
| Resolution Capital Ltd | $292,992,459 | 1,310,049 | 0.73% | Shares |
| National Pension Service | $273,527,305 | 1,223,015 | 0.68% | Shares |
| ROYAL BANK OF CANADA | $245,081,000 | 1,095,823 | 0.61% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $237,887,783 | 1,063,661 | 0.60% | Shares |
| HighTower Advisors, LLC | $228,456,877 | 1,021,493 | 0.57% | Shares |
| Capital Research Global Investors | $221,307,266 | 989,525 | 0.55% | Shares |
| GOLDMAN SACHS GROUP INC | $216,852,680 | 969,607 | 0.54% | Shares |
| California Public Employees Retirement System | $207,894,976 | 929,555 | 0.52% | Shares |
| Swiss National Bank | $204,914,169 | 916,227 | 0.51% | Shares |
| APG Asset Management US Inc. | $199,136,101 | 892,987 | 0.50% | Shares |
| Hamlin Capital Management, LLC | $193,810,617 | 866,580 | 0.49% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $172,603,900 | 771,759 | 0.43% | Shares |
| BlackRock, Inc. | $166,938,622 | 746,428 | 0.42% | Shares |
| Vanguard Global Advisers, LLC | $156,181,728 | 698,331 | 0.39% | Shares |
| Legal & General Group Plc | $153,383,869 | 685,821 | 0.38% | Shares |
| RHUMBLINE ADVISERS | $152,404,138 | 681,441 | 0.38% | Shares |
| Nuveen, LLC | $146,284,321 | 654,077 | 0.37% | Shares |
| Caisse de depot et placement du Quebec | $143,947,850 | 643,630 | 0.36% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $141,981,295 | 634,837 | 0.36% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $141,719,625 | 633,667 | 0.35% | Shares |
| ALLIANCEBERNSTEIN L.P. | $137,600,383 | 737,685 | 0.34% | Shares |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | $124,654,235 | 557,363 | 0.31% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $124,119,711 | 554,973 | 0.31% | Shares |
| BANK OF AMERICA CORP /DE/ | $123,183,065 | 550,785 | 0.31% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $123,062,518 | 550,246 | 0.31% | Shares |
| AMERICAN CENTURY COMPANIES INC | $118,933,491 | 531,784 | 0.30% | Shares |
| AMERIPRISE FINANCIAL INC | $113,496,951 | 507,471 | 0.28% | Shares |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | $112,774,618 | 504,246 | 0.28% | Shares |
| Asset Management One Co., Ltd. | $112,025,255 | 600,575 | 0.28% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $110,436,415 | 494,362 | 0.28% | Shares |
| RAYMOND JAMES FINANCIAL INC | $110,316,750 | 493,256 | 0.28% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $109,821,991 | 491,044 | 0.27% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $106,678,590 | 476,989 | 0.27% | Shares |
| 1832 Asset Management L.P. | $99,870,237 | 446,547 | 0.25% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $97,997,000 | 438,173 | 0.25% | Shares |
| VANGUARD GROUP INC | $97,155,539 | 524,853 | 0.24% | Shares |
| BBFIT INVESTMENTS PTE LTD | $96,728,625 | 432,500 | 0.24% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $96,335,284 | 516,460 | 0.24% | Shares |
| Adelante Capital Management LLC | $93,282,206 | 417,092 | 0.23% | Shares |
| CAPITAL ADVISORS INC/OK | $92,297,846 | 412,689 | 0.23% | Shares |
| TWO SIGMA INVESTMENTS, LP | $87,995,316 | 393,451 | 0.22% | Shares |
| UBS Group AG | $87,501,497 | 391,243 | 0.22% | Shares |
| Aberdeen Group plc | $87,115,253 | 389,516 | 0.22% | Shares |
| MARSHALL WACE, LLP | $86,585,203 | 387,146 | 0.22% | Shares |
| NEUBERGER BERMAN GROUP LLC | $85,733,583 | 383,338 | 0.21% | Shares |
| Vanguard Investments Australia, Ltd. | $84,412,443 | 377,431 | 0.21% | Shares |
| BANK OF MONTREAL /CAN/ | $82,211,504 | 367,590 | 0.21% | Shares |
| BARCLAYS PLC | $81,660,430 | 365,126 | 0.20% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $78,640,281 | 424,830 | 0.20% | Shares |
| Ensign Peak Advisors, Inc | $76,490,984 | 342,012 | 0.19% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $75,453,087 | 337,371 | 0.19% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $74,999,686 | 335,344 | 0.19% | Shares |
| LPL Financial LLC | $72,562,688 | 324,448 | 0.18% | Shares |
| Nuveen Asset Management, LLC | $72,240,890 | 419,493 | 0.18% | Shares |
| Artemis Investment Management LLP | $72,214,125 | 322,889 | 0.18% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $72,017,536 | 322,010 | 0.18% | Shares |
| Allianz Asset Management GmbH | $70,438,567 | 314,950 | 0.18% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $69,393,451 | 310,277 | 0.17% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $66,858,155 | 298,941 | 0.17% | Shares |
| MACQUARIE GROUP LTD | $66,460,505 | 297,163 | 0.17% | Shares |
| Quantinno Capital Management LP | $63,408,840 | 283,518 | 0.16% | Shares |
| Heitman Real Estate Securities LLC | $63,205,727 | 282,610 | 0.16% | Shares |
| PFA Pension, Forsikringsaktieselskab | $62,710,650 | 280,396 | 0.16% | Shares |
| Daiwa Securities Group Inc. | $62,403,494 | 279,023 | 0.16% | Shares |
| State of Tennessee, Department of Treasury | $62,289,657 | 278,514 | 0.16% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $61,012,391 | 272,803 | 0.15% | Shares |
| AEW CAPITAL MANAGEMENT L P | $60,768,389 | 271,712 | 0.15% | Shares |
| AVIVA PLC | $60,511,639 | 270,564 | 0.15% | Shares |
| Clark Capital Management Group, Inc. | $57,360,837 | 256,476 | 0.14% | Shares |
| State of New Jersey Common Pension Fund D | $56,552,139 | 252,860 | 0.14% | Shares |
| Retirement Systems of Alabama | $55,797,991 | 249,488 | 0.14% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $55,586,195 | 248,541 | 0.14% | Shares |
| NATIXIS | $49,809,092 | 222,710 | 0.12% | Shares |
| JPMORGAN CHASE & CO | $49,328,636 | 216,772 | 0.12% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $48,993,440 | 219,063 | 0.12% | Shares |
| Land & Buildings Investment Management, LLC | $48,386,230 | 216,348 | 0.12% | Shares |
| PNC Financial Services Group, Inc. | $47,793,334 | 213,697 | 0.12% | Shares |
| CITADEL ADVISORS LLC | $47,391,435 | 211,900 | 0.12% | Put option |
| ROYAL LONDON ASSET MANAGEMENT LTD | $47,211,621 | 211,096 | 0.12% | Shares |
| KLP KAPITALFORVALTNING AS | $45,141,963 | 201,842 | 0.11% | Shares |
| APG Asset Management N.V. | $44,998,975 | 230,035 | 0.11% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $44,811,185 | 200,363 | 0.11% | Shares |
| PRUDENTIAL FINANCIAL INC | $44,373,502 | 198,406 | 0.11% | Shares |
| CORDA Investment Management, LLC. | $44,330,972 | 198,216 | 0.11% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $43,673,925 | 195,278 | 0.11% | Shares |
Company insiders 49 insiders · 19 officers · 26 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| SIMON DAVID | CEO/CHAIRMAN/PRESIDENT | March 11, 2026 A | 1,071,453 | 0 | 0 | $0 |
| Brian J. Mcdade | EVP/CFO | Aug. 29, 2024 A | 38,151 | 0 | 0 | $0 |
| Andrew Juster | EVP/Chief Financial Officer | Feb. 28, 2017 A | 6,600 | 0 | 0 | $0 |
| Stephen E Sterrett | SEVP/Chief Financial Officer | Dec. 23, 2014 S | 84,147 | 0 | 0 | $0 |
| Hans C Mautner | President- International Div. | May 11, 2010 M | 476,243 | 0 | 0 | $0 |
| Scott J Mumphrey | President -The Mills Division | March 20, 2008 S | 19,372 | 0 | 0 | $0 |
| Matthew A Jackson | SVP, ASSISTANT TREASURER | Aug. 29, 2024 A | 7,454 | 0 | 0 | $0 |
| Kevin M Kelly | ASST. GENERAL COUNSEL/SEC. | Aug. 29, 2024 A | 21,731 | 0 | 0 | $0 |
| Eli Simon | CHIEF INVESTMENT OFFICER | Aug. 29, 2024 A | 60,258 | 0 | 0 | $0 |
| Adam Reuille | SVP & CHIEF ACCOUNTING OFFICER | Aug. 29, 2024 A | 16,214 | 0 | 0 | $0 |
| Donald G Frey | EVP, TREASURER | April 1, 2024 F | 18,069 | 0 | 0 | $0 |
| Alexander L.W. Snyder | ASST. GENERAL COUNSEL/SEC. | April 1, 2023 A | 16,945 | 0 | 0 | $0 |
| Steven K. Broadwater | SVP & Chief Accounting Officer | June 29, 2018 S | 1,734 | 0 | 0 | $0 |
| David J Contis | Sr. EVP/Pres.- Simon Malls | Feb. 28, 2017 A | 15,163 | 0 | 0 | $0 |
| James M Barkley | General Counsel | March 1, 2016 A | 89,288 | 0 | 0 | $0 |
| Stanley N. Shashoua | SVP International Development | April 1, 2015 A | 1,732 | 0 | 0 | $0 |
| Gary L Lewis | President Leasing/SR EVP | Sept. 7, 2012 S | 40,748 | 0 | 0 | $0 |
| John D Dahl | SVP/Chief Accounting Officer | Dec. 14, 2009 S | 20,728 | 0 | 0 | $0 |
| Melvin Simon | Co-Chairman of the Board | June 25, 2002 J | 57,410 | 0 | 0 | $0 |
| Martin J Cicco | Director | June 30, 2026 P | 1,387 | 2 | 0 | $3,348 |
| Nina P Jones | Director | June 30, 2026 P | 4,183 | 2 | 0 | $9,596 |
| Peggy Fang Roe | Director | June 30, 2026 P | 8,047 | 3 | 0 | $19,861 |
| Stefan M Selig | Director | June 30, 2026 P | 33,812 | 2 | 0 | $49,119 |
| Daniel C. Smith | Director | June 30, 2026 P | 34,480 | 3 | 0 | $83,070 |
| Glyn Aeppel | Director | June 30, 2026 P | 21,067 | 5 | 0 | $173,750 |
| Marta R Stewart | Director | June 30, 2026 P | 18,000 | 6 | 0 | $146,938 |
| Reuben S Leibowitz | Director | June 30, 2026 P | 55,797 | 6 | 0 | $379,282 |
| Gary M Rodkin | Director | June 30, 2026 P | 21,016 | 6 | 0 | $182,575 |
| Larry C Glasscock | Director | June 30, 2026 P | 45,902 | 6 | 0 | $290,025 |
| Randall J Lewis | Director | June 30, 2026 P | 7,018 | 7 | 0 | $250,596 |
| Allan B Hubbard | Director | Sept. 30, 2024 P | 34,301 | 0 | 0 | $0 |
| Albert J Smith JR | Director | March 31, 2023 P | 60,167 | 0 | 0 | $0 |
| Karen N Horn | Director | March 31, 2023 P | 34,079 | 0 | 0 | $0 |
| Herbert Simon | Director | March 18, 2020 P | 94,286 | 0 | 0 | $0 |
| BERGSTEIN MELVYN | Director | Aug. 5, 2015 A | 24,978 | 0 | 0 | $0 |
| Linda Bynoe | Director | May 19, 2011 A | 14,821 | 0 | 0 | $0 |
| Pieter S Van Den Berg | Director | May 8, 2009 A | 7,189 | 0 | 0 | $0 |
| Birch Bayh | Director | June 11, 2008 S | 9,310 | 0 | 0 | $0 |
| Fredrick W Petri | Director | May 8, 2008 A | 43,981 | 0 | 0 | $0 |
| Denise M Debartolo York | Director | May 8, 2008 A | 2,630 | 0 | 0 | $0 |
| William G Miller | Director | April 25, 2005 M | 31,040 | 0 | 0 | $0 |
| Philip J Ward | Director | Nov. 4, 2003 M | 8,751 | 0 | 0 | $0 |
| SIMON PROPERTY GROUP INC /DE/ | 10% owner | May 28, 2014 J | 0 | 0 | 0 | $0 |
| MH Holdings, Inc. | 10% owner | Feb. 26, 2010 S | 23,553 | 0 | 0 | $0 |
| Steven E Fivel | — | April 1, 2026 F | 40,986 | 0 | 0 | $0 |
| John Rulli | — | April 1, 2026 F | 37,487 | 0 | 1 | $-2,008,800 |
| Richard S Sokolov | — | Nov. 17, 2025 G | 278,854 | 0 | 0 | $0 |
| MELVIN SIMON & ASSOCIATES INC | — | Dec. 12, 2012 S | 889,747 | 0 | 0 | $0 |
| David C Bloom | — | Sept. 19, 2008 C | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 4 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Simon Property Group, Inc., Simon Property Group, L.P. ×4 filings | April 3, 2007 | — | Initial filing | — | SEC |
| STICHTING PENSIOENFONDS VOOR DE GEZONDHEID GEESTELIJKE EN S.S. or | Dec. 29, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person | July 15, 2002 | — | Initial filing | — | SEC |
| Undisclosed reporting person | Feb. 6, 2002 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 213 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| RITA · ETF Series Solutions | 11.96% | 5,213 NS | April 30, 2026 | N-PORT |
| ICF · iShares Trust | 6.21% | 589,460 SH | Aug. 19, 2026 | Daily |
| ROPE · EA Series Trust | 5.26% | 2,180 NS | May 29, 2026 | N-PORT |
| RNTY · Tidal Trust II | 4.97% | 1,242 NS | April 30, 2026 | N-PORT |
| IYR · iShares Trust | 4.63% | 956,014 SH | Aug. 19, 2026 | Daily |
| DFAR · Dimensional ETF Trust | 4.59% | 379,635 NS | April 30, 2026 | N-PORT |
| REIT · ALPS ETF Trust | 4.56% | 11,647 NS | May 31, 2026 | N-PORT |
| JRE · Janus Detroit Street Trust | 4.48% | 882 NS | April 30, 2026 | N-PORT |
| SCHH · SCHWAB STRATEGIC TRUST | 4.47% | 2,177,724 NS | May 31, 2026 | N-PORT |
| USRT · iShares Trust | 4.47% | 936,067 SH | Aug. 19, 2026 | Daily |
| BBRE · J.P. Morgan Exchange-Traded Fund Tr… | 4.46% | 267,692 NS | May 31, 2026 | N-PORT |
| FREL · FIDELITY COVINGTON TRUST | 4.28% | 303,186 NS | April 30, 2026 | N-PORT |
| FPRO · FIDELITY COVINGTON TRUST | 4.25% | 3,110 NS | April 30, 2026 | N-PORT |
| TBG · EA Series Trust | 4.18% | 47,213 NS | April 30, 2026 | N-PORT |
| VNQ · VANGUARD SPECIALIZED FUNDS | 3.86% | 12,364,094 SH | Aug. 19, 2026 | Daily |
| REET · iShares Trust | 3.84% | 2,188,263 SH | Aug. 19, 2026 | Daily |
| MBCC · Northern Lights Fund Trust IV | 3.84% | 34,534 NS | May 31, 2026 | N-PORT |
| JPRE · J.P. Morgan Exchange-Traded Fund Tr… | 3.80% | 87,823 NS | May 31, 2026 | N-PORT |
| ERET · iShares Trust | 3.60% | 5,161 SH | Aug. 19, 2026 | Daily |
| RSPR · Invesco Exchange-Traded Fund Trust | 3.55% | 15,730 | Aug. 19, 2026 | Daily |
| GQRE · FlexShares Trust | 3.48% | 65,331 NS | April 30, 2026 | N-PORT |
| DFGR · Dimensional ETF Trust | 3.37% | 581,316 NS | April 30, 2026 | N-PORT |
| AVRE · AMERICAN CENTURY ETF TRUST | 3.35% | 132,760 NS | May 31, 2026 | N-PORT |
| URE · ProShares Trust | 3.26% | 8,906 NS | May 31, 2026 | N-PORT |
| PFI · Invesco Exchange-Traded Fund Trust | 3.13% | 8,525 | Aug. 19, 2026 | Daily |
| IQRA · New York Life Investments Active ET… | 3.09% | 1,049 NS | April 30, 2026 | N-PORT |
| DRN · Direxion Shares ETF Trust | 3.07% | 7,068 NS | April 30, 2026 | N-PORT |
| PPTY · ETF Series Solutions | 2.78% | 3,341 NS | May 31, 2026 | N-PORT |
| FXED · Tidal Trust I | 2.68% | 5,214 NS | May 31, 2026 | N-PORT |
| FCPI · FIDELITY COVINGTON TRUST | 2.29% | 30,533 NS | April 30, 2026 | N-PORT |
| PABU · iShares Trust | 2.17% | 246,644 SH | Aug. 19, 2026 | Daily |
| ABLD · Abacus FCF ETF Trust | 2.11% | 8,825 NS | April 30, 2026 | N-PORT |
| IWP · iShares Trust | 1.96% | 1,842,929 SH | Aug. 19, 2026 | Daily |
| PSR · Invesco Actively Managed Exchange-T… | 1.84% | 4,948 | Aug. 19, 2026 | Daily |
| SIXH · EXCHANGE TRADED CONCEPTS TRUST | 1.32% | 34,857 NS | May 31, 2026 | N-PORT |
| SIXA · EXCHANGE TRADED CONCEPTS TRUST | 1.32% | 31,233 NS | May 31, 2026 | N-PORT |
| CGMM · Capital Group Equity ETF Trust I | 1.23% | 168,018 NS | May 31, 2026 | N-PORT |
| RDIV · Invesco Exchange-Traded Fund Trust … | 1.20% | 76,848 | Aug. 19, 2026 | Daily |
| VOE · VANGUARD INDEX FUNDS | 1.19% | 1,978,935 SH | Aug. 19, 2026 | Daily |
| QUVU · Hartford Funds Exchange-Traded Trust | 1.13% | 9,598 NS | April 30, 2026 | N-PORT |
| ENZL · iShares Trust | 1.09% | 1,346,039 SH | Aug. 19, 2026 | Daily |
| BRNY · EA Series Trust | 1.02% | 27,779 NS | April 30, 2026 | N-PORT |
| SPLV · Invesco Exchange-Traded Fund Trust … | 1.01% | 324,607 | Aug. 19, 2026 | Daily |
| EQWL · Invesco Exchange-Traded Fund Trust | 0.97% | 124,246 | Aug. 19, 2026 | Daily |
| FDVV · FIDELITY COVINGTON TRUST | 0.92% | 413,324 NS | April 30, 2026 | N-PORT |
| JOET · Virtus ETF Trust II | 0.80% | 9,292 NS | April 30, 2026 | N-PORT |
| VO · VANGUARD INDEX FUNDS | 0.66% | 6,675,911 SH | Aug. 19, 2026 | Daily |
| IIGD · Invesco Exchange-Traded Self-Indexe… | 0.57% | 162,000 | Aug. 19, 2026 | Daily |
| VFMV · VANGUARD WELLINGTON FUND | 0.55% | 10,258 SH | Aug. 19, 2026 | Daily |
| QLC · FlexShares Trust | 0.54% | 23,940 NS | April 30, 2026 | N-PORT |