SPG
Simon Property Group Inc.Stock · Real EstateUS REITs 3.5% · S&P 500 Equal Weight 0.2% · S&P 500 0.1% · Russell 1000 0.1% · Russell 3000 0.10% · US Stock Market 0.10% · MSCI World 0.07% · MSCI ACWI 0.07%$204.83+0.08%
as of market close, Sep 11, 2026
☾ AH — —
SPG financial statements
The full income statement, balance sheet, and cash-flow statement for Simon Property Group Inc. (SPG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 326.0M2024-09 326.2M2024-12 326.3M2025-03 326.3M2025-06 326.5M2025-09 326.5M2025-12 324.3M2026-03 324.3M2026-06 323.6M-0.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.36B+6.7% | 5.96B+5.4% | 5.66B+6.9% | 5.29B+3.4% | 5.12B+11.1% | ||
| Lease income | 5.84B+8.3% | 5.39B+4.4% | 5.16B+5.3% | 4.91B+3.6% | 4.74B+10.1% | |
| Selling, general & administrative | 60.9M+36.1% | 44.7M+16.2% | 38.5M+10.1% | 35.0M+15.3% | 30.3M+34.4% | |
| General & administrative | 60.9M+36.1% | 44.7M+16.2% | 38.5M+10.1% | 35.0M+15.3% | 30.3M+34.4% | |
| Operating income | 3.18B+2.7% | 3.09B+10.2% | 2.81B+8.6% | 2.58B+7.1% | 2.41B+22.4% | |
| Interest expense | 975M+7.6% | 906M+6.0% | 855M+12.3% | 761M-4.3% | 796M+1.4% | |
| Equity-method income | 504M+143.1% | 207M-44.8% | 376M-42.0% | 648M-17.2% | 783M+256.0% | |
| Gain (loss) on equity securities | — | -17.4M-246.2% | 11.9M+119.4% | -61.2M-656.1% | -8.10M+58.8% | |
| Income tax | 20.3M+117.9% | 9.31M-86.5% | 68.8M | — | — | |
| 5.36B+96.6% | 2.73B+4.3% | 2.62B+6.7% | 2.45B-4.5% | 2.57B+101.1% | ||
| Net income to non-controlling interest | 737M+105.7% | 358M+7.3% | 334M+6.7% | 313M-2.0% | 319M+93.7% | |
| Preferred dividends | 3.34M+0.0% | 3.34M+0.0% | 3.34M+0.0% | 3.34M+0.0% | 3.34M+0.0% | |
| Net income to common | 4.62B+95.3% | 2.37B+3.8% | 2.28B+6.7% | 2.14B-4.9% | 2.25B+102.5% | |
| $14.17+95.2% | $7.26+4.0% | $6.98+7.1% | $6.52-4.7% | $6.84 | ||
| EPS (basic) | $14.17+95.2% | $7.26+4.0% | $6.98+7.1% | $6.52-4.7% | $6.84+90.5% | |
| Weighted-avg shares (basic) | 326M+0.1% | 326M-0.2% | 327M-0.3% | 328M-0.2% | 329M+6.4% | |
| Weighted-avg shares (diluted) | 326M+0.1% | 326M-0.2% | 327M-0.3% | 328M-0.2% | 329M+6.4% | |
| Dividends per share | $8.55+5.6% | $8.10+8.7% | $7.45+8.0% | $6.90+17.9% | $5.85-2.5% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 823M-41.2% | 1.40B+19.8% | 1.17B+88.1% | 622M+16.4% | 534M-47.2% | |
| Short-term investments | — | — | 1.00B | — | — | |
| 40.6B+25.3% | 32.4B-5.5% | 34.3B+3.9% | 33.0B-2.3% | 33.8B-2.9% | ||
| Operating lease right-of-use | 756M+45.5% | 520M+7.3% | 484M-2.6% | 497M-1.4% | 504M-1.7% | |
| Goodwill | 20.1M+0.0% | 20.1M+0.0% | 20.1M+0.0% | 20.1M+0.0% | 20.1M+0.0% | |
| 33.9B+17.7% | 28.8B-5.8% | 30.6B+4.8% | 29.2B-0.6% | 29.4B-5.6% | ||
| Long-term debt | 28.4B+17.2% | 24.3B-6.8% | 26.0B+4.3% | 25.0B-1.4% | 25.3B-5.2% | |
| Operating lease liability (total) | 757M+45.4% | 520M+7.3% | 485M-2.6% | 498M-1.8% | 507M-1.7% | |
| 5.21B+77.0% | 2.94B-2.7% | 3.02B-3.7% | 3.14B-6.6% | 3.36B+10.6% | ||
| Preferred stock | 40.5M-0.8% | 40.8M-0.8% | 41.1M-0.8% | 41.4M-0.8% | 41.8M-0.8% | |
| Additional paid-in capital | 12.3B+6.6% | 11.6B+1.6% | 11.4B+1.5% | 11.2B+0.2% | 11.2B+0.3% | |
| Retained earnings | -4.61B+27.8% | -6.38B-4.7% | -6.10B-2.8% | -5.93B-1.8% | -5.82B+4.6% | |
| Treasury stock | 2.32B+10.1% | 2.11B-2.3% | 2.16B+5.5% | 2.04B+8.5% | 1.88B-0.4% | |
| Accumulated other comprehensive income | -251M-30.2% | -193M-11.7% | -173M-4.8% | -165M+11.0% | -185M+1.8% | |
| Non-controlling interest | 1.26B+167.3% | 473M+0.8% | 469M-0.9% | 473M-3.7% | 492M+13.6% | |
| Total equity incl. non-controlling | 6.47B+89.5% | 3.41B-2.2% | 3.49B-3.3% | 3.61B-6.3% | 3.85B+11.0% | |
| Total liabilities & equity | 40.6B+25.3% | 32.4B-5.5% | 34.3B+3.9% | 33.0B-2.3% | 33.8B-2.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.14B+8.4% | 3.81B-3.0% | 3.93B+4.4% | 3.77B+3.6% | 3.64B+56.3% | ||
| Depreciation & amortization | 1.43B+12.7% | 1.27B+0.3% | 1.26B+2.8% | 1.23B-2.8% | 1.26B-4.2% | |
| -1.60B-213.7% | 1.41B+203.3% | -1.36B-117.6% | -627M-13.4% | -553M+86.1% | ||
| Capital expenditure | 934M+23.7% | 756M-4.8% | 793M+22.0% | 650M+23.1% | 528M+9.1% | |
| Free cash flow | 3.20B+4.7% | 3.06B-2.5% | 3.14B+0.7% | 3.12B+0.2% | 3.11B+68.8% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Purchases of investments | 48.7M-79.8% | 241M+659.8% | 31.7M-52.0% | 66.1M+96.8% | 33.6M+2.0% | |
| Sales/maturities of investments | 96.2M-91.9% | 1.18B+289.2% | 304M+1065.9% | 26.1M-60.2% | 65.5M+118.3% | |
| -3.11B+37.6% | -4.99B-147.1% | -2.02B+33.8% | -3.05B+14.3% | -3.56B-278.7% | ||
| Long-term debt issued | 3.67B+234.9% | 1.10B-69.8% | 3.63B+5.2% | 3.45B-62.7% | 9.25B-39.3% | |
| Long-term debt repaid | 3.28B+10.4% | 2.97B+11.7% | 2.66B-28.6% | 3.72B-63.1% | 10.1B-22.2% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 227M | 0.00-100.0% | 141M-22.1% | 180M | 0.00-100.0% | |
| Interest paid | 946M+3.8% | 911M+6.5% | 856M+12.2% | 763M-7.2% | 822M+9.0% | |
| Income taxes paid | 29.1M-75.6% | 119M+282.0% | 31.2M-41.4% | 53.2M-48.0% | 102M+411.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 60.0B+6.8% | 56.2B+20.4% | 46.7B+21.4% | 38.4B-26.8% | 52.5B+94.5% | |
| P/E | 11.2×-45.6% | 20.6×+11.6% | 18.4×+8.1% | 17.1×-16.5% | 20.4×-3.3% | |
| P/S | 9.4×+0.1% | 9.4×+11.7% | 8.4×+14.5% | 7.4×-28.2% | 10.3×+75.1% | |
| P/B | 11.5×-39.7% | 19.1×+20.8% | 15.8×+24.2% | 12.7×-18.5% | 15.6×+75.8% | |
| P/FCF | 18.7×+2.1% | 18.4×+19.1% | 15.4×+26.1% | 12.2×-27.6% | 16.9×+15.2% | |
| Earnings yield | 8.9%+84.0% | 4.9%-10.4% | 5.4%-7.5% | 5.9%+19.8% | 4.9%+3.4% | |
| FCF yield | 5.3%-2.0% | 5.4%-16.1% | 6.5%-20.7% | 8.2%+38.1% | 5.9%-13.2% | |
| Dividend yield | 4.6%-1.8% | 4.7%-9.9% | 5.2%-11.1% | 5.9%+60.4% | 3.7%-48.0% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: SPG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SPG filings on SEC EDGAR → Not investment advice.