A Business at a Glance
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Simon Property Group, Inc. is an Indiana corporation that operates as a self-administered and self-managed real estate investment trust, or REIT, under the Internal Revenue Code of 1986, as amended, or the Internal Revenue Code. REITs will generally not be liable for U.S. federal corporate income taxes as long as they distribute not less than 100% of their REIT taxable income. Simon Property Group, L.P. is our majority-owned Indiana partnership subsidiary that owns directly or indirectly all of our real estate properties and other assets. Unless stated otherwise or the context otherwise requires, references to "Simon" mean Simon Property Group, Inc. and references to the "Operating Partnership" mean Simon Property Group, L.P. References to "we," "us" and "our" mean collectively Simon, the Operating Partnership and those entities/subsidiaries owned or controlled by Simon and/or the Operating Partnership.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 6.4B | 6.4B | 6.0B | 5.7B | 5.3B | 5.1B |
| Net Income | 4.6B | 4.6B | 2.4B | 2.3B | 2.1B | 2.2B |
| EPS | $14.17 | $14.17 | $7.26 | $6.98 | $6.52 | $6.84 |
| Free Cash Flow | 3.2B | 3.2B | 3.1B | 3.1B | 3.1B | 3.1B |
| ROIC | 9.6% | 11.2% | 12.5% | 10.1% | 9.3% | 8.2% |
| Gross Margin | 66.4% | 66.4% | 68.3% | 67.8% | 66.8% | 66.0% |
| Debt/Equity | 5.46 | 5.46 | 8.25 | 8.61 | 7.95 | 7.53 |
| Dividends/Share | $8.56 | $8.55 | $8.10 | $7.45 | $6.90 | $5.85 |
| Operating Income | 3.2B | 3.2B | 3.1B | 2.8B | 2.6B | 2.4B |
| Operating Margin | 49.9% | 49.9% | 51.9% | 49.6% | 48.8% | 47.2% |
| ROE | 88.8% | 113.5% | 80.5% | 75.4% | 68.1% | 66.8% |
| Shares Outstanding | 326M | 326M | 326M | 327M | 328M | 328M |
SIMON PROPERTY GROUP INC. passes 5 of 9 quality checks, suggesting mixed fundamentals.
SIMON PROPERTY GROUP INC. trades at 14.2x trailing earnings, compared to its 15-year median P/E of 18.0x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 20.4x vs a median of 12.6x. The company's 5-year average ROIC is 10.2% with a gross margin of 67.1%. Total shareholder yield (dividends + buybacks) is 4.6%. At current prices, the estimated annualized return to fair value is +2.2%.
SIMON PROPERTY GROUP INC. (SPG) has a current P/E ratio of 14.2, compared to its historical median P/E of 18.0. The stock is currently considered Cheap based on its historical valuation range.
SIMON PROPERTY GROUP INC. (SPG) has a 5-year average return on invested capital (ROIC) of 10.2%. This indicates solid capital allocation.
SIMON PROPERTY GROUP INC. (SPG) has a market capitalization of $65.5B. It is classified as a large-cap stock.
Yes, SIMON PROPERTY GROUP INC. (SPG) pays a dividend with a trailing twelve-month yield of 4.26%. The company also returns capital through share buybacks, with a buyback yield of 0.35%.
Based on historical P/E analysis, SIMON PROPERTY GROUP INC. (SPG) appears cheap. The current P/E of 14.2 is 21% below its historical median of 18.0. The estimated fair value CAGR (P/E method) is 4.6%.
SIMON PROPERTY GROUP INC. (SPG) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
SIMON PROPERTY GROUP INC. (SPG) reported annual revenue of $6.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
SIMON PROPERTY GROUP INC. (SPG) has a net profit margin of 72.7%. This is a strong margin indicating high profitability.
SIMON PROPERTY GROUP INC. (SPG) generated $3.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SIMON PROPERTY GROUP INC. (SPG) has a debt-to-equity ratio of 5.46. This indicates higher leverage, which may increase financial risk.
SIMON PROPERTY GROUP INC. (SPG) reported earnings per share (EPS) of $14.17 in its most recent fiscal year.
SIMON PROPERTY GROUP INC. (SPG) has a return on equity (ROE) of 113.5%. This indicates the company generates strong returns for shareholders.
SIMON PROPERTY GROUP INC. (SPG) has a 5-year average gross margin of 67.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for SIMON PROPERTY GROUP INC. (SPG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SIMON PROPERTY GROUP INC. (SPG) has a book value per share of $15.96, based on its most recent annual SEC filing.