SIMON PROPERTY GROUP INC. (SPG)
As-reported financials and recent SEC filings for SIMON PROPERTY GROUP INC., latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About SIMON PROPERTY GROUP INC.
Simon Property Group Inc. operates as a real estate investment trust specializing in retail real estate. The company owns and manages shopping malls, premium outlet centers, and other retail properties across the United States. It serves retailers and consumers by providing commercial spaces for retail businesses.
Snapshot
Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).
What changed at Simon Property Group
- Revenue grew 6.7% to $6.4B in FY2025, in line with the 5.4% the year before.
- Operating margin is 49.9% in FY2025, +2.7 pp against 47.2% in FY2021.
- Most recent quarter Q1 FY2026: revenue $1.8B, up 19.3% from Q1 FY2025.
- Free cash flow was $3.2B in FY2025, 50.3% of revenue.
- Net income rose 96.6% to $5.4B in FY2025.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where Simon Property Group’s fundamentals sit among the 165 REITs. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
Simon Property Group’s return on equity of 82.9% is the highest of the 141 REITs reporting it. Simon Property Group’s net margin of 84.3% ranks in the 99th percentile of the 156 REITs reporting it. Simon Property Group’s debt to equity of 4.39 ranks in the 92nd percentile of the 99 REITs reporting it.
28 open-market insider buys totaling $533,052 in the last 90 days. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →
Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.
Institutional ownership
Held by 2 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).
| Investor | As of | Position value | Shares | Change |
|---|---|---|---|---|
| Citadel Advisorsquant | Q1 2026 | $212.4M | 1.1M | Reduced |
| Millennium Managementquant | Q1 2026 | $134.9M | 723.0K | Added |
| AQR Capital Managementquant | Q1 2026 | $79.5M | 432.2K | Reduced |
| Gotham Asset Management | Q1 2026 | $13.1M | 70.4K | Added |
| D. E. Shawquant | Q1 2026 | $8.8M | 47.3K | Added |
| Two Sigma Investmentsquant | Q1 2026 | $3.9M | 21.1K | New |
| Bridgewater Associates | Q1 2026 | $638,679 | 3.4K | Added |
No longer held by: Point72 Asset Management (as of Q1 2026)
From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.
Recent insider activity
Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4. Multiple insiders have bought recently (a cluster buy).
| Trade date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
2026-06-30 filed 2026-07-01 | LEIBOWITZ REUBEN SDirector | Buy | 430 | $223.14 | $96K |
2026-06-30 filed 2026-07-01 | GLASSCOCK LARRY CDirector | Buy | 330 | $223.14 | $74K |
2026-06-30 filed 2026-07-01 | Smith Daniel C.Director | Buy | 314 | $223.14 | $70K |
2026-06-30 filed 2026-07-01 | RODKIN GARY MDirector | Buy | 209 | $223.14 | $47K |
2026-06-30 filed 2026-07-01 | Aeppel GlynDirector | Buy | 199 | $223.14 | $44K |
2026-06-30 filed 2026-07-01 | SELIG STEFAN MDirector | Buy | 187 | $223.14 | $42K |
2026-06-30 filed 2026-07-01 | STEWART MARTA RDirector | Buy | 179 | $223.14 | $40K |
2026-06-30 filed 2026-07-01 | Roe PeggyDirector | Buy | 80 | $223.14 | $18K |
2026-06-30 filed 2026-07-01 | LEWIS RANDALL JDirector | Buy | 58 | $223.14 | $13K |
2026-06-30 filed 2026-07-01 | GLASSCOCK LARRY CDirector | Buy | 54 | $224.92 | $12K |
2026-06-30 filed 2026-07-01 | LEIBOWITZ REUBEN SDirector | Buy | 53 | $225.03 | $12K |
2026-06-30 filed 2026-07-01 | Smith Daniel C.Director | Buy | 47 | $224.41 | $11K |
Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.
Short interest
Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 2026-07-15 | 10.2M | -5.7% | 5.61 |
| 2026-06-30 | 10.8M | +17.0% | 3.14 |
| 2026-06-15 | 9.3M | +5.3% | 4.84 |
| 2026-05-29 | 8.8M | +3.2% | 5.48 |
| 2026-05-15 | 8.5M | +3.4% | 6.15 |
| 2026-04-30 | 8.3M | +2.4% | 6.76 |
| 2026-04-15 | 8.1M | +12.9% | 5.76 |
| 2026-03-31 | 7.1M | +31.2% | 3.49 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $6.36B | $5.96B | $5.66B | $5.29B | $5.12B |
| Gross profit | — | — | — | — | — |
| Operating income | $3.18B | $3.09B | $2.81B | $2.58B | $2.41B |
| Net income | $5.36B | $2.73B | $2.62B | $2.45B | $2.57B |
| Diluted EPS | $14.17 | $7.26 | $6.98 | $6.52 | $6.84 |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | $823.1M | $1.40B | $1.17B | $621.6M | $533.9M |
| Current assets | — | — | — | — | — |
| Total assets | $40.61B | $32.41B | $34.28B | $33.01B | $33.78B |
| Current liabilities | — | — | — | — | — |
| Long-term debt | $28.43B | $24.26B | $26.03B | $24.96B | $25.32B |
| Total liabilities | $33.90B | $28.81B | $30.60B | $29.19B | $29.38B |
| Total equity | $6.47B | $3.41B | $3.49B | $3.61B | $3.85B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating cash flow | $4.14B | $3.81B | $3.93B | $3.77B | $3.64B |
| Capital expenditure | $934.3M | $755.6M | $793.3M | $650.0M | $527.9M |
| Free cash flow | $3.20B | $3.06B | $3.14B | $3.12B | $3.11B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.
Quarterly trend (as reported)
| Quarter | Revenue | Revenue YoY | Net income | Diluted EPS |
|---|---|---|---|---|
| Q1 FY2026 | $1.76B | 19.3% | $568.5M | $1.48 |
| Q4 FY2025 | $1.79B | 13.2% | $3.54B | $10.85 |
| Q3 FY2025 | $1.60B | 8.2% | $702.7M | $1.86 |
| Q2 FY2025 | $1.50B | 2.8% | $643.7M | $1.70 |
| Q1 FY2025 | $1.47B | 2.1% | $477.9M | $1.27 |
| Q4 FY2024 | $1.58B | 3.6% | $771.8M | $2.37 |
| Q3 FY2024 | $1.48B | 4.9% | $546.7M | $1.46 |
| Q2 FY2024 | $1.46B | 6.5% | $569.4M | $1.51 |
Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.
Company facts
Recent SEC filings
Largest reit peers
SPG head to head
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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.