Simon Property Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	5,839	5,390	5,164	4,905	4,737
Service and Other Revenue	525.35	574.04	494.5	386.27	380.07
Revenue	6,365	5,964	5,659	5,291	5,117
Revenue Growth (YoY)	6.72%	5.39%	6.94%	3.41%	11.05%
Property Expenses	700.89	629.75	586.6	557.73	512.11
Service and Other Expenses	119.92	100	97.26	93.6	96.39
Total Property Expenses	820.81	729.75	683.86	651.33	608.5
Property Taxes	451.13	408.64	441.78	443.22	458.95
Gross Profit	5,093	4,825	4,533	4,197	4,049
Selling, General & Admin	468.46	412.57	373.48	327.36	329.3
Depreciation & Amortization Expenses	1,426	1,265	1,262	1,227	1,263
Other Operating Expenses	142.21	149.68	187.84	152.21	140.52
Operating Income	3,175	3,093	2,807	2,584	2,413
Net Gains on Disposal of Properties	2,887	-75.82	-3.06	5.65	206.86
Interest Income	504.09	207.32	375.66	647.98	782.84
Interest Expense	-974.84	-905.8	-854.65	-761.25	-795.71
Other Non-Operating Income (Expense)	-192.2	433.78	373.91	59.97	118.74
Total Non-Operating Income (Expense)	2,225	-340.51	-108.13	-47.66	312.72
Pretax Income	5,400	2,752	2,699	2,536	2,726
Provision for Income Taxes	35.79	23.26	81.87	83.51	157.2
Net Income	4,624	2,368	2,280	2,136	2,246
Minority Interest in Earnings	736.51	358.13	333.89	312.85	319.08
Net Income Attributable to Preferred Dividends	3.34	3.34	3.34	3.34	3.34
Net Income to Common	4,624	2,368	2,280	2,136	2,246
Net Income Growth	95.32%	3.85%	6.72%	-4.90%	102.51%
Shares Outstanding (Basic)	326	326	327	328	376
Shares Outstanding (Diluted)	326	326	327	328	376
Shares Change (YoY)	0.08%	-0.22%	-0.25%	-12.83%	21.74%
EPS (Basic)	14.17	7.26	6.98	6.52	6.84
EPS (Diluted)	14.17	7.26	6.98	6.52	6.84
EPS Growth	95.18%	4.01%	7.05%	-4.68%	90.53%
Free Cash Flow	3,202	3,059	3,138	3,117	3,109
Free Cash Flow Growth	4.68%	-2.50%	0.67%	0.23%	68.76%
Free Cash Flow Per Share	9.81	9.38	9.60	-	8.27
Dividends Per Share	8.550	8.100	7.450	6.900	5.850
Dividend Growth	5.56%	8.72%	7.97%	17.95%	-2.50%
Gross Margin	80.02%	80.91%	80.11%	79.31%	79.14%
Operating Margin	49.89%	51.86%	49.60%	48.83%	47.16%
Profit Margin	84.28%	45.76%	46.25%	46.35%	50.20%
FCF Margin	50.31%	51.29%	55.44%	58.90%	60.77%
EBITDA	4,730	4,453	4,141	3,876	3,739
EBITDA Margin	74.31%	74.66%	73.17%	73.24%	73.07%
EBIT	3,175	3,093	2,807	2,584	2,413
EBIT Margin	49.89%	51.86%	49.60%	48.83%	47.16%
Effective Tax Rate	0.66%	0.85%	3.03%	3.29%	5.77%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.