Symbols / SPG
SPG Chart
About
Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust (“REIT”). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries. We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. At December 31, 2024, we owned or had an interest in 229 properties comprising 183 million square feet in North America, Asia and Europe. We also owned an 88% interest in The Taubman Realty Group, or TRG, which owns 22 regional, super-regional, and outlet malls in the U.S. and Asia. Additionally, at December 31, 2024, we had a 22.4% ownership interest in Klepierre, a publicly traded, Paris-based real estate company, which owns shopping centers in 14 European countries.
Fundamentals
Scroll to Statements| Sector | Real Estate | Industry | REIT - Retail | Market Cap | 75.52B |
| Enterprise Value | 94.74B | Income | 4.62B | Sales | 6.36B |
| Book/sh | 15.89 | Cash/sh | 2.53 | Dividend Yield | 4.34% |
| Payout | 60.34% | Employees | — | IPO | — |
| P/E | 14.12 | Forward P/E | 28.23 | PEG | — |
| P/S | 11.88 | P/B | 12.60 | P/C | — |
| EV/EBITDA | 20.42 | EV/Sales | 14.90 | Quick Ratio | 0.16 |
| Current Ratio | 0.16 | Debt/Eq | 435.27 | LT Debt/Eq | — |
| EPS (ttm) | 14.18 | EPS next Y | 7.09 | EPS Growth | 3.58% |
| Revenue Growth | 13.10% | Earnings | 2026-05-11 | ROA | 5.44% |
| ROE | 104.11% | ROIC | — | Gross Margin | 81.88% |
| Oper. Margin | 49.78% | Profit Margin | 72.79% | Shs Outstand | 325.22M |
| Shs Float | 321.47M | Short Float | 2.32% | Short Ratio | 3.60 |
| Short Interest | — | 52W High | 203.00 | 52W Low | 136.34 |
| Beta | 1.40 | Avg Volume | 1.54M | Volume | 249.82K |
| Target Price | $201.75 | Recom | Buy | Prev Close | $199.38 |
| Price | $200.22 | Change | 0.42% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$201.75
Mean price target
2. Current target
$200.22
Latest analyst target
3. DCF / Fair value
$212.70
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$200.22
Low
$181.00
High
$230.00
Mean
$201.75
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-06 | main | JP Morgan | Neutral → Neutral | $210 |
| 2026-02-05 | main | Citigroup | Neutral → Neutral | $189 |
| 2026-02-03 | reit | Piper Sandler | Overweight → Overweight | $230 |
| 2026-02-03 | main | Stifel | Hold → Hold | $185 |
| 2026-02-03 | main | Evercore ISI Group | In-Line → In-Line | $198 |
| 2026-01-14 | main | Scotiabank | Sector Perform → Sector Perform | $189 |
| 2026-01-08 | main | UBS | Neutral → Neutral | $189 |
| 2025-12-17 | main | Truist Securities | Hold → Hold | $181 |
| 2025-11-26 | main | Citigroup | Neutral → Neutral | $185 |
| 2025-11-18 | main | Barclays | Equal-Weight → Equal-Weight | $186 |
| 2025-11-13 | main | Scotiabank | Sector Perform → Sector Perform | $186 |
| 2025-11-10 | main | Piper Sandler | Overweight → Overweight | $225 |
| 2025-11-04 | main | Stifel | Hold → Hold | $184 |
| 2025-10-17 | main | Evercore ISI Group | In-Line → In-Line | $188 |
| 2025-10-06 | main | Barclays | Equal-Weight → Equal-Weight | $180 |
| 2025-09-18 | main | Piper Sandler | Overweight → Overweight | $210 |
| 2025-09-15 | down | Evercore ISI Group | Outperform → In-Line | $187 |
| 2025-09-11 | main | Morgan Stanley | Equal-Weight → Equal-Weight | $180 |
| 2025-09-05 | reit | Argus Research | Buy → Buy | $185 |
| 2025-08-28 | main | Scotiabank | Sector Perform → Sector Perform | $173 |
News
RSS: Latest SPG news- Simon Property Group, Inc. $SPG Shares Acquired by Aew Capital Management L P - MarketBeat Wed, 25 Feb 2026 08
- Real Estate Stocks Rise: Realty Income (O) & Simon Property (SPG) Lead Last Week's Winners - 24/7 Wall St. Mon, 23 Feb 2026 19
- Simon Property Group Rose 16% in 6 Months. Is There More Upside in 2026? - TIKR.com Mon, 23 Feb 2026 15
- How Investors May Respond To Simon Property Group (SPG) CEO’s Klépierre Exit And Boston Luxury Redevelopment - simplywall.st Mon, 23 Feb 2026 15
- (SPG) Volatility Zones as Tactical Triggers - Stock Traders Daily Sun, 22 Feb 2026 02
- Simon Property Group Q4: Financial Results And Preferred Stock Analysis (NYSE:SPG) - Seeking Alpha Sun, 15 Feb 2026 08
- 3 Intriguing Stocks to Watch After Q4 Earnings: AMD, SPG, TER - Yahoo Finance Wed, 04 Feb 2026 08
- Payden & Rygel Boosts Stock Position in Simon Property Group, Inc. $SPG - MarketBeat Mon, 23 Feb 2026 11
- Is Simon Property Group (SPG) Still Attractive After Strong Multi‑Year Share Price Gains - Yahoo Finance ue, 03 Feb 2026 08
- Simon Property Group (NYSE:SPG) Sets New 1-Year High - Time to Buy? - MarketBeat Mon, 23 Feb 2026 17
- Simon Property Stock: Is Wall Street Bullish or Bearish? - Yahoo Finance Mon, 16 Feb 2026 08
- Simon Property Group, Inc. $SPG is Smead Capital Management Inc.'s Largest Position - MarketBeat Sat, 21 Feb 2026 14
- Is Simon Property Group (SPG) Pricing Look Attractive After Strong Multi‑Year Share Gains - Yahoo Finance ue, 20 Jan 2026 08
- Ontario Teachers Pension Plan Board Makes New Investment in Simon Property Group, Inc. $SPG - MarketBeat hu, 19 Feb 2026 13
- Here's Why it Is Wise to Retain SPG Stock in Your Portfolio Now - Yahoo Finance Fri, 05 Dec 2025 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 299 | — | — | Stock Award(Grant) at price 0.00 per share. | CICCO MARTIN J | Director | — | 2026-02-05 00:00:00 | D |
| 1 | 545 | 100258.0 | — | Purchase at price 183.96 per share. | LEWIS RANDALL J. | Director | — | 2025-12-15 00:00:00 | D |
| 2 | 588 | 106310.0 | — | Purchase at price 180.80 per share. | LEWIS RANDALL J. | Director | — | 2025-11-18 00:00:00 | D |
| 3 | 1985 | — | — | Stock Gift at price 0.00 per share. | SOKOLOV RICHARD S | Director | — | 2025-11-17 00:00:00 | D |
| 4 | 76 | 14132.0 | — | Purchase at price 185.95 per share. | ROE PEGGY FANG | Director | — | 2025-09-30 00:00:00 | D |
| 5 | 208 | 38678.0 | — | Purchase at price 185.95 per share. | AEPPEL GLYN F | Director | — | 2025-09-30 00:00:00 | D |
| 6 | 195 | 36260.0 | — | Purchase at price 185.95 per share. | SELIG STEFAN M | Director | — | 2025-09-30 00:00:00 | D |
| 7 | 42 | 7205.0 | — | Purchase at price 171.54 per share. | STEWART MARTA R | Director | — | 2025-08-14 00:00:00 | D |
| 8 | 246 | 39185.0 | — | Purchase at price 159.29 per share. | RODKIN GARY M | Director | — | 2025-06-30 00:00:00 | D |
| 9 | 522 | 83149.0 | — | Purchase at price 159.29 per share. | LEIBOWITZ REUBEN S | Director | — | 2025-06-30 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 3.03M | 11.25M | 2.16M | 18.78M |
| TaxRateForCalcs | 0.01 | 0.03 | 0.03 | 0.06 |
| NormalizedEBITDA | 4.66B | 4.52B | 4.52B | 4.52B |
| TotalUnusualItems | 357.96M | 370.86M | 65.62M | 325.59M |
| TotalUnusualItemsExcludingGoodwill | 357.96M | 370.86M | 65.62M | 325.59M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 2.37B | 2.28B | 2.14B | 2.25B |
| ReconciledDepreciation | 1.36B | 1.33B | 1.29B | 1.33B |
| ReconciledCostOfRevenue | 948.89M | 956.91M | 936.21M | 907.88M |
| EBITDA | 5.02B | 4.89B | 4.59B | 4.85B |
| EBIT | 3.66B | 3.55B | 3.30B | 3.52B |
| NetInterestIncome | -905.80M | -854.65M | -761.25M | -795.71M |
| InterestExpense | 905.80M | 854.65M | 761.25M | 795.71M |
| NormalizedIncome | 2.02B | 1.92B | 2.08B | 1.94B |
| NetIncomeFromContinuingAndDiscontinuedOperation | 2.37B | 2.28B | 2.14B | 2.25B |
| TotalExpenses | 2.87B | 2.85B | 2.71B | 2.70B |
| TotalOperatingIncomeAsReported | 3.09B | 2.81B | 2.58B | 2.41B |
| DilutedAverageShares | 326.37M | 326.10M | 326.81M | 327.82M |
| BasicAverageShares | 326.37M | 326.10M | 326.81M | 327.82M |
| DilutedEPS | 14.17 | 7.26 | 6.98 | 6.52 |
| BasicEPS | 14.17 | 7.26 | 6.98 | 6.52 |
| DilutedNIAvailtoComStockholders | 2.37B | 2.28B | 2.14B | 2.25B |
| NetIncomeCommonStockholders | 2.37B | 2.28B | 2.14B | 2.25B |
| PreferredStockDividends | 3.34M | 3.34M | 3.34M | 3.34M |
| NetIncome | 2.37B | 2.28B | 2.14B | 2.25B |
| MinorityInterests | -358.12M | -333.89M | -312.85M | -319.08M |
| NetIncomeIncludingNoncontrollingInterests | 2.73B | 2.62B | 2.45B | 2.57B |
| NetIncomeContinuousOperations | 2.73B | 2.62B | 2.45B | 2.57B |
| TaxProvision | 23.26M | 81.87M | 83.51M | 157.20M |
| PretaxIncome | 2.75B | 2.70B | 2.54B | 2.73B |
| OtherIncomeExpense | 565.28M | 746.52M | 713.60M | 1.11B |
| SpecialIncomeCharges | 375.35M | 358.96M | 126.82M | 333.69M |
| GainOnSaleOfBusiness | 451.17M | 362.02M | 121.18M | 178.67M |
| OtherSpecialCharges | 51.84M | |||
| RestructuringAndMergernAcquisition | 75.82M | 3.06M | -5.65M | -206.85M |
| EarningsFromEquityInterest | 207.32M | 375.66M | 647.98M | 782.84M |
| GainOnSaleOfSecurity | -17.39M | 11.89M | -61.20M | -8.10M |
| NetNonOperatingInterestIncomeExpense | -905.80M | -854.65M | -761.25M | -795.71M |
| InterestExpenseNonOperating | 905.80M | 854.65M | 761.25M | 795.71M |
| OperatingIncome | 3.09B | 2.81B | 2.58B | 2.41B |
| OperatingExpense | 1.83B | 1.82B | 1.71B | 1.73B |
| OtherOperatingExpenses | 372.95M | 395.46M | 336.81M | 325.18M |
| DepreciationAmortizationDepletionIncomeStatement | 1.27B | 1.26B | 1.23B | 1.26B |
| DepreciationAndAmortizationInIncomeStatement | 1.27B | 1.26B | 1.23B | 1.26B |
| SellingGeneralAndAdministration | 189.29M | 165.86M | 142.76M | 144.64M |
| SellingAndMarketingExpense | 144.55M | 127.35M | 107.79M | 114.30M |
| GeneralAndAdministrativeExpense | 44.74M | 38.51M | 34.97M | 30.34M |
| OtherGandA | 44.74M | 38.51M | 34.97M | 30.34M |
| GrossProfit | 4.92B | 4.63B | 4.29B | 4.15B |
| CostOfRevenue | 1.04B | 1.03B | 1.00B | 971.06M |
| TotalRevenue | 5.96B | 5.66B | 5.29B | 5.12B |
| OperatingRevenue | 5.52B | 5.29B | 5.02B | 4.84B |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 16.68M | 16.98M | 15.96M | 14.30M |
| PreferredSharesNumber | 796.95K | 796.95K | 796.95K | 796.95K |
| OrdinarySharesNumber | 326.28M | 325.92M | 326.95M | 328.62M |
| ShareIssued | 342.95M | 342.90M | 342.91M | 342.92M |
| NetDebt | 22.81B | 24.80B | 24.28B | 24.72B |
| TotalDebt | 24.78B | 26.52B | 25.46B | 25.83B |
| TangibleBookValue | 2.88B | 2.95B | 3.06B | 3.27B |
| InvestedCapital | 27.11B | 28.95B | 27.99B | 28.58B |
| WorkingCapital | -566.36M | 132.36M | -1.09B | -1.17B |
| NetTangibleAssets | 2.92B | 2.99B | 3.10B | 3.31B |
| CapitalLeaseObligations | 579.35M | 545.46M | 561.40M | 570.38M |
| CommonStockEquity | 2.90B | 2.98B | 3.10B | 3.32B |
| PreferredStockEquity | 40.78M | 41.11M | 41.44M | 41.76M |
| TotalCapitalization | 27.15B | 29.00B | 28.04B | 28.12B |
| TotalEquityGrossMinorityInterest | 3.60B | 3.69B | 3.82B | 4.40B |
| MinorityInterest | 657.53M | 664.76M | 685.37M | 1.04B |
| StockholdersEquity | 2.94B | 3.02B | 3.14B | 3.36B |
| GainsLossesNotAffectingRetainedEarnings | -193.03M | -172.79M | -164.87M | -185.19M |
| OtherEquityAdjustments | -193.03M | -172.79M | -164.87M | -185.19M |
| TreasuryStock | 2.11B | 2.16B | 2.04B | 1.88B |
| RetainedEarnings | -6.38B | -6.10B | -5.93B | -5.82B |
| AdditionalPaidInCapital | 11.58B | 11.41B | 11.23B | 11.21B |
| CapitalStock | 40.81M | 41.14M | 41.47M | 41.80M |
| CommonStock | 33.00K | 33.00K | 34.00K | 34.00K |
| PreferredStock | 40.78M | 41.11M | 41.44M | 41.76M |
| TotalLiabilitiesNetMinorityInterest | 28.81B | 30.60B | 29.19B | 29.38B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 25.41B | 27.14B | 25.99B | 25.87B |
| OtherNonCurrentLiabilities | 626.15M | 621.60M | 535.74M | 540.91M |
| PreferredSecuritiesOutsideStockEquity | 547.74M | |||
| LongTermDebtAndCapitalLeaseObligation | 24.78B | 26.52B | 25.46B | 25.33B |
| LongTermCapitalLeaseObligation | 579.35M | 545.46M | 561.40M | 570.38M |
| LongTermDebt | 24.21B | 25.97B | 24.90B | 24.76B |
| CurrentLiabilities | 3.40B | 3.46B | 3.19B | 3.51B |
| CurrentDebtAndCapitalLeaseObligation | 500.00M | |||
| CurrentDebt | 500.00M | |||
| CommercialPaper | 0.00 | 500.00M | ||
| PayablesAndAccruedExpenses | 3.40B | 3.46B | 3.19B | 3.01B |
| Payables | 3.40B | 3.46B | 3.19B | 3.01B |
| DividendsPayable | 1.68B | 1.76B | 1.70B | 1.57B |
| AccountsPayable | 1.71B | 1.69B | 1.49B | 1.43B |
| TotalAssets | 32.41B | 34.28B | 33.01B | 33.78B |
| TotalNonCurrentAssets | 29.58B | 30.70B | 30.90B | 31.44B |
| NonCurrentDeferredAssets | 82.32M | 77.81M | 97.55M | 109.16M |
| InvestmentsAndAdvances | 7.76B | 8.54B | 8.51B | 8.46B |
| InvestmentinFinancialAssets | 632.36M | 417.84M | 361.54M | 420.31M |
| LongTermEquityInvestment | 7.12B | 8.12B | 8.15B | 8.04B |
| InvestmentsinJointVenturesatCost | 4.45B | 4.58B | 4.64B | 4.97B |
| InvestmentsInOtherVenturesUnderEquityMethod | 2.67B | 3.54B | 3.51B | 3.08B |
| InvestmentProperties | 21.20B | 21.57B | 21.76B | 22.31B |
| GoodwillAndOtherIntangibleAssets | 22.84M | 28.81M | 37.87M | 53.38M |
| OtherIntangibleAssets | 2.75M | 8.71M | 17.77M | 33.28M |
| Goodwill | 20.10M | 20.10M | 20.10M | 20.10M |
| NetPPE | 519.61M | 484.07M | 496.93M | 504.12M |
| GrossPPE | 519.61M | 484.07M | 496.93M | 504.12M |
| OtherProperties | 519.61M | 484.07M | 496.93M | 504.12M |
| CurrentAssets | 2.83B | 3.59B | 2.11B | 2.34B |
| RestrictedCash | 0.00 | 345.00M | ||
| PrepaidAssets | 662.33M | 538.17M | ||
| Receivables | 1.43B | 1.42B | 1.49B | 1.46B |
| NotesReceivable | 632.09M | 593.26M | 662.33M | 538.17M |
| AccountsReceivable | 796.51M | 826.13M | 823.54M | 919.65M |
| CashCashEquivalentsAndShortTermInvestments | 1.40B | 2.17B | 621.63M | 533.94M |
| OtherShortTermInvestments | 0.00 | 1.00B | 0.00 | |
| CashAndCashEquivalents | 1.40B | 1.17B | 621.63M | 533.94M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 3.06B | 3.14B | 3.12B | 3.11B |
| RepurchaseOfCapitalStock | -60.68M | -162.74M | -189.35M | -4.87M |
| RepaymentOfDebt | -2.97B | -2.66B | -3.72B | -10.08B |
| IssuanceOfDebt | 1.10B | 3.63B | 3.45B | 9.25B |
| IssuanceOfCapitalStock | 0.00 | 0.00 | 338.12M | |
| CapitalExpenditure | -755.58M | -793.28M | -650.02M | -527.93M |
| EndCashPosition | 1.40B | 1.17B | 621.63M | 533.94M |
| BeginningCashPosition | 1.17B | 621.63M | 533.94M | 1.01B |
| ChangesInCash | 231.35M | 547.36M | 87.69M | -477.68M |
| FinancingCashFlow | -4.99B | -2.02B | -3.05B | -3.56B |
| CashFlowFromContinuingFinancingActivities | -4.99B | -2.02B | -3.05B | -3.56B |
| NetOtherFinancingCharges | -11.24M | -32.14M | 1.94M | -379.28M |
| CashDividendsPaid | -3.05B | -2.80B | -2.59B | -2.69B |
| PreferredStockDividendPaid | -2.65B | -2.44B | -2.27B | -2.35B |
| CommonStockDividendPaid | -399.19M | -355.55M | -326.55M | -337.02M |
| NetPreferredStockIssuance | -7.50M | -2.50M | 0.00 | 0.00 |
| PreferredStockPayments | -7.50M | -2.50M | 0.00 | 0.00 |
| NetCommonStockIssuance | -53.18M | -160.24M | -189.35M | 333.25M |
| CommonStockPayments | -53.18M | -160.24M | -189.35M | -4.87M |
| CommonStockIssuance | 0.00 | 0.00 | 338.12M | |
| NetIssuancePaymentsOfDebt | -1.87B | 971.32M | -272.46M | -825.59M |
| NetLongTermDebtIssuance | -1.87B | 971.32M | -272.46M | -825.59M |
| LongTermDebtPayments | -2.97B | -2.66B | -3.72B | -10.08B |
| LongTermDebtIssuance | 1.10B | 3.63B | 3.45B | 9.25B |
| InvestingCashFlow | 1.41B | -1.36B | -626.56M | -552.76M |
| CashFlowFromContinuingInvestingActivities | 1.41B | -1.36B | -626.56M | -552.76M |
| NetOtherInvestingChanges | 31.08M | 8.37M | 9.17M | 8.38M |
| DividendsReceivedCFI | 313.02M | 299.14M | 472.51M | 243.28M |
| NetInvestmentPurchaseAndSale | 1.94B | -727.61M | -40.05M | 31.90M |
| SaleOfInvestment | 2.78B | 304.13M | 26.09M | 65.50M |
| PurchaseOfInvestment | -841.19M | -1.03B | -66.14M | -33.60M |
| NetInvestmentPropertiesPurchaseAndSale | 46.23M | 0.00 | 20.99M | 5.59M |
| SaleOfInvestmentProperties | 46.23M | 0.00 | 20.99M | |
| NetBusinessPurchaseAndSale | -168.76M | -149.79M | -439.16M | -313.98M |
| PurchaseOfBusiness | -168.76M | -149.79M | -439.16M | -313.98M |
| CapitalExpenditureReported | -755.58M | -793.28M | -650.02M | -527.93M |
| OperatingCashFlow | 3.81B | 3.93B | 3.77B | 3.64B |
| CashFlowFromContinuingOperatingActivities | 3.81B | 3.93B | 3.77B | 3.64B |
| DividendReceivedCFO | 362.73M | 458.71M | 561.58M | 436.88M |
| ChangeInWorkingCapital | -72.48M | 258.13M | 148.89M | 391.73M |
| ChangeInOtherWorkingCapital | -235.88M | 24.42M | -104.57M | -77.59M |
| ChangeInPayablesAndAccruedExpense | 127.24M | 245.51M | 190.10M | 203.97M |
| ChangeInPayable | 127.24M | 245.51M | 190.10M | 203.97M |
| ChangeInAccountPayable | 127.24M | 245.51M | 190.10M | 203.97M |
| ChangeInReceivables | 36.16M | -11.80M | 63.35M | 265.35M |
| OtherNonCashItems | 76.62M | 12.92M | 19.59M | -184.24M |
| UnrealizedGainLossOnInvestmentSecurities | 17.39M | -11.89M | 61.20M | 8.10M |
| DepreciationAmortizationDepletion | 1.36B | 1.33B | 1.29B | 1.33B |
| DepreciationAndAmortization | 1.36B | 1.33B | 1.29B | 1.33B |
| OperatingGainsLosses | -658.49M | -737.68M | -769.15M | -909.67M |
| EarningsLossesFromEquityInvestments | -207.32M | -375.66M | -647.98M | -782.84M |
| NetForeignCurrencyExchangeGainLoss | -178.67M | |||
| GainLossOnSaleOfBusiness | -451.17M | -362.02M | -121.18M | -178.67M |
| NetIncomeFromContinuingOperations | 2.73B | 2.62B | 2.45B | 2.57B |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for SPG
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|