Simon Property Group, Inc. (SPG) Financial Statements
Historical financial data — 41 statements covering FY2016–FY2025
Simon Property Group is the largest retail real estate investment trust in the United States. Its portfolio includes an interest in 254 properties: 114 traditional malls, 108 premium outlets, 14 Mi...
Simon Property Group, Inc.'s revenue increased 6.7% year over year, from $5.96B to $6.36B.
Net income increased 95.3% over the same period, from $2.37B to $4.62B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 17% in total.
Total debt increased by 17.2% to $28.43B.
The debt-to-equity ratio stands at 5.46, indicating a high leverage profile.
Operating cash flow grew 8.4% to $4.14B.
Simon Property Group, Inc. maintains a strong net profit margin of 72.7%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $1.48B+1.5% | $475.2M | $767.8M | $767.8M | $892.9M | $33.28B | $25.42B | $2.71B |
| Q4 FY2024 | $1.58B+6.9% | $667.2M | $835.7M | $835.7M | $1.09B | $32.41B | $24.26B | $2.94B |
| Q1 FY2025 | $1.47B-6.9% | $413.7M | $727.6M | $727.6M | $827.2M | $32.50B | $24.75B | $2.61B |
| Q2 FY2025 | $1.50B+1.7% | $556.1M | $744.2M | $744.2M | $1.22B | $33.30B | $25.40B | $2.45B |
| Q3 FY2025 | $1.60B+6.9% | $606.2M | $812.9M | $812.9M | $890.3M | $33.60B | $25.79B | $2.35B |
| Q4 FY2025 | $1.79B+11.9% | $3.05B | $890.7M | $890.7M | $1.20B | $40.61B | $28.43B | $5.21B |
| Q1 FY2026 | $1.76B-1.9% | $479.6M | $762.2M | $762.2M | $833.4M | N/A | N/A | N/A |
| Q2 FY2026 | $1.79B+1.9% | $483.1M | $824.1M | $824.1M | $1.20B | N/A | N/A | N/A |
Balance Sheet Summary (FY2025)
Simon Property Group, Inc. (SPG) Financial Statements & Revenue History
Simon Property Group, Inc. (SPG) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry trading at $205.03 with a market capitalization of $66. This page provides 41 historical financial statements for Simon Property Group, Inc., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Simon Property Group, Inc. reported revenue of $6.4 billion, representing 6.7% year-over-year growth. The net profit margin of 72.7% reflects strong profitability. The debt-to-equity ratio of 5.46 signals high leverage.
SPG Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Simon Property Group, Inc.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether SPG is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track SPG's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Simon Property Group, Inc. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of SPG's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use SPG Financial Data
Investors use Simon Property Group, Inc.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare SPG's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how SPG's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View SPG's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Simon Property Group, Inc.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.SPG trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.