Simon Property Group, Inc. (SPG)
NYSE: SPG · Real-Time Price · USD
218.29
-1.61 (-0.73%)
At close: Aug 21, 2026, 4:00 PM EDT
218.33
+0.04 (0.02%)
After-hours: Aug 21, 2026, 7:30 PM EDT
Simon Property Group Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Rental Revenue | 6,381 | 5,839 | 5,390 | 5,164 | 4,905 | 4,737 |
Property Management Fees | 153.73 | 144.43 | 133.25 | 126 | 116.9 | 106.48 |
Gain (Loss) on Sale of Assets (Rev) | - | - | - | - | - | 14.94 |
Other Revenue | 406.48 | 380.92 | 440.79 | 368.51 | 269.37 | 256.55 |
| 6,941 | 6,365 | 5,964 | 5,659 | 5,291 | 5,115 | |
Revenue Growth (YoY | 15.02% | 6.72% | 5.39% | 6.94% | 3.46% | 11.13% |
Property Expenses | 1,289 | 1,152 | 1,043 | 1,028 | 1,001 | 971.06 |
Selling, General & Administrative | 525.13 | 468.46 | 412.57 | 373.48 | 327.36 | 329.3 |
Depreciation & Amortization | 1,678 | 1,426 | 1,265 | 1,262 | 1,227 | 1,263 |
Other Operating Expenses | 158.48 | 142.21 | 149.68 | 187.84 | 152.21 | 140.52 |
Total Operating Expenses | 3,651 | 3,189 | 2,871 | 2,852 | 2,708 | 2,704 |
Operating Income | 3,290 | 3,175 | 3,093 | 2,807 | 2,584 | 2,411 |
Interest Expense | -1,072 | -974.84 | -905.8 | -854.65 | -761.25 | -795.71 |
Income (Loss) on Equity Investments | 448.73 | 504.09 | 207.32 | 375.66 | 647.98 | 782.84 |
EBT Excluding Unusual Items | 2,667 | 2,705 | 2,394 | 2,328 | 2,470 | 2,398 |
Impairment of Goodwill | 2,953 | 2,887 | -75.82 | -3.06 | 5.65 | 206.86 |
Gain (Loss) on Sale of Investments | -184.96 | -86.12 | 451.17 | 362.02 | 121.18 | 178.67 |
Total Insurance Settlements | - | - | - | - | - | 2.1 |
Other Unusual Items | -49.9 | -106.08 | -17.39 | 11.89 | -61.2 | -59.94 |
Pretax Income | 5,384 | 5,400 | 2,752 | 2,699 | 2,536 | 2,726 |
Income Tax Expense | -0.81 | 35.79 | 23.26 | 81.87 | 83.51 | 157.2 |
Earnings From Continuing Operations | 5,385 | 5,364 | 2,729 | 2,617 | 2,452 | 2,569 |
Minority Interest in Earnings | -764.76 | -736.51 | -358.13 | -333.89 | -312.85 | -319.08 |
Net Income | 4,620 | 4,628 | 2,371 | 2,283 | 2,140 | 2,250 |
Preferred Dividends & Other Adjustments | 3.34 | 3.34 | 3.34 | 3.34 | 3.34 | 3.34 |
Net Income to Common | 4,617 | 4,624 | 2,368 | 2,280 | 2,136 | 2,246 |
Net Income Growth | 118.59% | 95.32% | 3.85% | 6.72% | -4.90% | 102.51% |
Basic Shares Outstanding | 325 | 326 | 326 | 327 | 328 | 329 |
Diluted Shares Outstanding | 325 | 326 | 326 | 327 | 328 | 329 |
Shares Change | -0.28% | 0.08% | -0.22% | -0.31% | -0.23% | 6.43% |
EPS (Basic) | 14.19 | 14.17 | 7.26 | 6.98 | 6.52 | 6.84 |
EPS (Diluted) | 14.19 | 14.17 | 7.26 | 6.98 | 6.52 | 6.84 |
EPS Growth | 119.22% | 95.17% | 4.07% | 7.05% | -4.68% | 90.42% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Dividend Per Share | 8.800 | 8.550 | 8.100 | 7.450 | 6.900 | 5.850 |
Dividend Growth | 5.39% | 5.56% | 8.72% | 7.97% | 17.95% | -2.50% |
Operating Margin | 47.40% | 49.89% | 51.86% | 49.60% | 48.83% | 47.14% |
Profit Margin | 66.52% | 72.66% | 39.70% | 40.29% | 40.37% | 43.92% |
EBITDA | 5,125 | 4,704 | 4,424 | 4,106 | 3,836 | 3,694 |
EBITDA Margin | 73.84% | 73.90% | 74.17% | 72.57% | 72.50% | 72.22% |
D&A For Ebitda | 1,835 | 1,528 | 1,331 | 1,299 | 1,253 | 1,283 |
EBIT | 3,290 | 3,175 | 3,093 | 2,807 | 2,584 | 2,411 |
EBIT Margin | 47.40% | 49.89% | 51.86% | 49.60% | 48.83% | 47.14% |
Funds From Operations (FFO) | 4,762 | 4,663 | 4,877 | 4,686 | 4,481 | 4,487 |
FFO Per Share | 12.55 | 12.34 | 12.99 | 12.51 | 11.95 | 11.94 |
Adjusted Funds From Operations (AFFO) | - | 3,998 | 4,877 | 4,686 | 4,481 | 4,487 |
AFFO Per Share | - | 10.58 | 12.99 | 12.51 | 11.95 | 11.94 |
Effective Tax Rate | - | 0.66% | 0.84% | 3.03% | 3.29% | 5.77% |
Revenue as Reported | 6,941 | 6,365 | 5,964 | 5,659 | 5,291 | 5,117 |