SIMON PROPERTY GROUP INC. (SPG)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-31
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014
Total Revenue1,791,462,000$1,601,572,000$1,498,459,000$1,473,012,000$1,582,232,000$1,480,710,000$1,458,266,000$1,442,590,000$1,527,438,000$1,410,948,000$1,369,601,000$1,350,849,000$1,399,898,000$1,315,786,000$1,279,842,000$1,295,922,000$1,326,138,000$1,296,554,000$1,254,146,000$1,239,951,000$1,131,429,000$1,060,674,000$1,062,041,000$1,353,360,000$1,488,615,000$1,416,554,000$1,397,186,000$1,452,834,000$1,462,027,000$1,404,021,000$1,385,059,000$1,394,182,000$1,427,692,000$1,403,638,000$1,361,548,000$1,345,763,000$1,425,966,000$1,357,168,000$1,315,380,000$1,336,715,000$1,380,621,000$1,320,137,000$1,349,110,000$1,216,235,000$1,297,120,000$1,234,694,000$1,181,982,000$1,157,022,000$
QoQ%11.86%6.88%1.73%(6.90%)6.86%1.54%1.09%(5.56%)8.26%3.02%1.39%(3.50%)6.39%2.81%(1.24%)(2.28%)2.28%3.38%1.15%9.59%6.67%(.13%)(21.53%)(9.09%)5.09%1.39%(3.83%)(.63%)4.13%1.37%(.65%)(2.35%)1.71%3.09%1.17%(5.62%)5.07%3.18%(1.60%)(3.18%)4.58%(2.15%)10.93%(6.24%)5.06%4.46%2.16%(7.52%)
YoY%13.22%8.16%2.76%2.11%3.59%4.94%6.47%6.79%9.11%7.23%7.01%4.24%5.56%1.48%2.05%4.51%17.21%22.24%18.09%(8.38%)(24.00%)(25.12%)(23.99%)(6.85%)1.82%.89%.88%4.21%2.41%.03%1.73%3.60%.12%3.42%3.51%.68%3.28%2.81%(2.50%)9.91%6.44%6.92%14.14%5.12%3.67%7.66%8.94%9.07%
Cost Of Revenue192,468,000$175,406,000$166,054,000$166,963,000$162,981,000$164,133,000$155,816,000$151,842,000$152,213,000$159,201,000$141,265,000$133,922,000$156,808,000$142,497,000$132,458,000$125,968,000$158,737,000$130,291,000$115,109,000$107,974,000$105,051,000$110,207,000$84,700,000$130,055,000$140,484,000$145,714,000$127,969,000$139,471,000$140,013,000$147,637,000$128,441,000$146,764,000$137,736,000$147,054,000$131,730,000$134,859,000$131,575,000$142,530,000$132,542,000$132,789,000$138,798,000$136,648,000$125,202,000$133,338,000$134,824,000$129,927,000$116,728,000$129,136,000$
Gross Profit1,598,994,000$1,426,166,000$1,332,405,000$1,306,049,000$1,419,251,000$1,316,577,000$1,302,450,000$1,290,748,000$1,375,225,000$1,251,747,000$1,228,336,000$1,216,927,000$1,243,090,000$1,173,289,000$1,147,384,000$1,169,954,000$1,167,401,000$1,166,263,000$1,139,037,000$1,131,977,000$1,026,378,000$950,467,000$977,341,000$1,223,305,000$1,348,131,000$1,270,840,000$1,269,217,000$1,313,363,000$1,322,014,000$1,256,384,000$1,256,618,000$1,247,418,000$1,289,956,000$1,256,584,000$1,229,818,000$1,210,904,000$1,294,391,000$1,214,638,000$1,182,838,000$1,203,926,000$1,241,823,000$1,183,489,000$1,223,908,000$1,082,897,000$1,162,296,000$1,104,767,000$1,065,254,000$1,027,886,000$
Gross Margin89.26%89.05%88.92%88.67%89.70%88.92%89.32%89.47%90.04%88.72%89.69%90.09%88.80%89.17%89.65%90.28%88.03%89.95%90.82%91.29%90.72%89.61%92.03%90.39%90.56%89.71%90.84%90.40%90.42%89.49%90.73%89.47%90.35%89.52%90.33%89.98%90.77%89.50%89.92%90.07%89.95%89.65%90.72%89.04%89.61%89.48%90.12%88.84%
Operating Expenses708,325,000$613,252,000$588,208,000$578,433,000$583,505,000$548,808,000$548,349,000$555,568,000$583,086,000$557,513,000$570,411,000$554,204,000$558,885,000$521,093,000$520,623,000$549,563,000$575,868,000$553,939,000$534,314,000$527,365,000$564,331,000$546,443,000$526,473,000$568,436,000$571,255,000$565,538,000$588,586,000$568,342,000$551,502,000$533,541,000$528,635,000$542,456,000$540,504,000$566,516,000$543,669,000$534,233,000$593,890,000$538,447,000$523,602,000$519,025,000$532,093,000$525,902,000$521,523,000$483,726,000$507,008,000$497,210,000$503,723,000$466,921,000$
Operating Income890,669,000$812,914,000$744,197,000$727,616,000$835,746,000$767,769,000$754,101,000$735,180,000$792,139,000$694,234,000$657,925,000$662,723,000$684,205,000$652,196,000$626,761,000$620,391,000$591,533,000$612,324,000$604,723,000$604,612,000$462,047,000$404,024,000$450,868,000$654,869,000$776,876,000$705,302,000$680,631,000$745,021,000$770,512,000$722,843,000$727,983,000$704,962,000$749,452,000$690,068,000$686,149,000$676,671,000$700,501,000$676,191,000$659,236,000$684,901,000$709,730,000$657,587,000$702,385,000$599,171,000$655,288,000$607,557,000$561,531,000$560,965,000$
Operating Margin49.72%50.76%49.66%49.40%52.82%51.85%51.71%50.96%51.86%49.20%48.04%49.06%48.88%49.57%48.97%47.87%44.61%47.23%48.22%48.76%40.84%38.09%42.45%48.39%52.19%49.79%48.71%51.28%52.70%51.48%52.56%50.57%52.49%49.16%50.40%50.28%49.13%49.82%50.12%51.24%51.41%49.81%52.06%49.26%50.52%49.21%47.51%48.48%
Interest Income
Interest Expenses272,326,000$242,790,000$232,724,000$226,995,000$227,415,000$226,424,000$221,338,000$230,623,000$224,923,000$212,210,000$218,086,000$199,429,000$200,900,000$187,878,000$187,316,000$185,159,000$193,505,000$199,772,000$200,419,000$202,016,000$197,855,000$201,858,000$197,061,000$187,627,000$189,812,000$202,382,000$198,425,000$198,733,000$204,338,000$199,469,000$206,624,000$205,492,000$204,985,000$199,032,000$207,174,000$198,202,000$209,506,000$214,861,000$213,995,000$219,190,000$230,896,000$229,654,000$230,974,000$232,173,000$233,656,000$249,780,000$254,930,000$254,234,000$
Income Before Tax3,539,882,000$702,696,000$643,681,000$477,860,000$771,760,000$546,671,000$569,435,000$841,155,000$859,496,000$680,762,000$557,505,000$519,255,000$772,748,000$621,847,000$569,480,000$488,310,000$573,730,000$778,648,000$705,869,000$510,460,000$312,726,000$168,646,000$290,548,000$505,404,000$590,416,000$628,724,000$572,102,000$631,947,000$833,192,000$642,212,000$631,414,000$715,524,000$659,821,000$592,635,000$441,373,000$551,075,000$455,602,000$587,940,000$527,325,000$579,025,000$466,647,000$496,153,000$557,947,000$638,797,000$483,999,000$303,552,000$484,094,000$407,966,000$
Tax Expenses15,186,000$6,730,000$3,658,000$3,420,000$6,362,000$8,007,000$6,589,000$6,626,000$6,863,000$
Net Income3,539,882,000$702,696,000$643,681,000$477,860,000$771,760,000$546,671,000$569,435,000$841,155,000$859,496,000$680,762,000$557,505,000$519,255,000$772,748,000$621,847,000$569,480,000$488,310,000$573,730,000$778,648,000$705,869,000$510,460,000$312,726,000$168,646,000$290,548,000$505,404,000$590,416,000$628,724,000$572,102,000$631,947,000$833,192,000$642,212,000$631,414,000$715,524,000$659,821,000$592,635,000$441,373,000$551,075,000$455,602,000$587,940,000$527,325,000$563,839,000$459,917,000$492,495,000$554,527,000$632,435,000$475,992,000$296,963,000$477,468,000$401,103,000$
Profit Margin197.60%43.88%42.96%32.44%48.78%36.92%39.05%58.31%56.27%48.25%40.71%38.44%55.20%47.26%44.50%37.68%43.26%60.06%56.28%41.17%27.64%15.90%27.36%37.34%39.66%44.38%40.95%43.50%56.99%45.74%45.59%51.32%46.22%42.22%32.42%40.95%31.95%43.32%40.09%42.18%33.31%37.31%41.10%52.00%36.70%24.05%40.40%34.67%
TTM84.28%42.18%40.43%39.47%45.76%47.67%50.54%51.11%46.25%45.75%45.46%46.45%46.35%43.19%46.36%49.23%50.20%46.89%36.23%28.54%27.72%31.32%37.87%40.61%42.10%46.54%46.88%48.02%50.00%47.21%46.33%43.12%40.53%36.86%37.08%38.98%39.28%39.69%38.18%38.44%40.63%41.59%38.45%38.19%33.91%33.68%35.79%34.88%
Earnings to Minority490,780,000$95,688,000$86,714,000$63,327,000$103,694,000$70,676,000$75,136,000$108,619,000$111,182,000$85,789,000$70,328,000$66,594,000$98,128,000$81,975,000$71,903,000$60,846,000$69,655,000$97,878,000$87,778,000$63,766,000$40,409,000$21,886,000$35,501,000$66,965,000$79,388,000$83,636,000$75,944,000$82,638,000$119,563,000$85,111,000$83,576,000$94,036,000$87,871,000$78,018,000$58,549,000$72,505,000$60,338,000$82,362,000$71,102,000$82,010,000$66,787,000$71,653,000$80,748,000$92,467,000$70,110,000$44,161,000$70,047,000$58,621,000$
Earnings to Common Shareholders3,048,269,000$606,174,000$556,133,000$413,699,000$667,231,000$475,161,000$493,465,000$731,702,000$747,480,000$594,139,000$486,343,000$451,827,000$673,786,000$539,038,000$496,743,000$426,630,000$503,241,000$679,936,000$617,257,000$445,860,000$271,483,000$145,926,000$254,213,000$437,605,000$510,194,000$544,254,000$495,324,000$548,475,000$712,796,000$556,267,000$547,004,000$620,654,000$571,116,000$513,783,000$381,990,000$477,736,000$394,431,000$504,744,000$455,389,000$480,995,000$392,297,000$420,008,000$472,944,000$539,134,000$405,048,000$251,968,000$406,587,000$341,648,000$
QoQ%402.87%9.00%34.43%(38.00%)40.42%(3.71%)(32.56%)(2.11%)25.81%22.17%7.64%(32.94%)25.00%8.51%16.43%(15.22%)(25.99%)10.15%38.44%64.23%86.04%(42.60%)(41.91%)(14.23%)(6.26%)9.88%(9.69%)(23.05%)28.14%1.69%(11.87%)8.67%11.16%34.50%(20.04%)21.12%(21.86%)10.84%(5.32%)22.61%(6.60%)(11.19%)(12.28%)33.10%60.75%(38.03%)19.01%(10.46%)
YoY%356.85%27.57%12.70%(43.46%)(10.74%)(20.03%)1.46%61.94%10.94%10.22%(2.09%)5.91%33.89%(20.72%)(19.52%)(4.31%)85.37%365.95%142.81%1.89%(46.79%)(73.19%)(48.68%)(20.21%)(28.42%)(2.16%)(9.45%)(11.63%)24.81%8.27%43.20%29.92%44.80%1.79%(16.12%)(.68%).54%20.18%(3.71%)(10.78%)(3.15%)66.69%16.32%57.80%6.16%(19.16%)19.61%20.67%
Earnings Per Share, Basic9.35$1.86$1.70$1.27$2.04$1.46$1.51$2.25$2.29$1.82$1.49$1.38$2.06$1.65$1.51$1.30$1.53$2.07$1.88$1.36$0.86$0.48$0.83$1.43$1.66$1.77$1.60$1.78$2.30$1.80$1.77$2.00$1.84$1.65$1.23$1.53$1.26$1.61$1.45$1.55$1.27$1.36$1.52$1.73$1.30$0.81$1.31$1.10$
Earnings Per Share, Diluted9.35$1.86$1.70$1.27$2.04$1.46$1.51$2.25$2.29$1.82$1.49$1.38$2.06$1.65$1.51$1.30$1.53$2.07$1.88$1.36$0.86$0.48$0.83$1.43$1.66$1.77$1.60$1.78$2.30$1.80$1.77$2.00$1.84$1.65$1.23$1.53$1.26$1.61$1.45$1.55$1.27$1.36$1.52$1.73$1.30$0.81$1.31$1.10$
Unlevered FCF Per Share, Basic3.69$2.73$3.72$2.54$3.33$2.74$3.26$2.37$3.18$2.86$3.45$2.53$2.85$2.88$3.35$2.41$2.69$2.66$3.05$2.67$2.83$2.02$0.24$2.42$3.13$3.13$3.40$2.71$3.23$2.96$3.21$2.72$2.81$2.93$2.51$2.68$2.67$3.11$2.33$2.60$2.38$2.60$2.17$2.57$2.13$1.96$2.13$
Unlevered FCF Per Share, Diluted3.69$2.73$3.72$2.54$3.33$2.74$3.26$2.37$3.18$2.86$3.45$2.53$2.85$2.88$3.35$2.41$2.69$2.66$3.05$2.67$2.83$2.02$0.24$2.42$3.13$3.13$3.40$2.71$3.23$2.96$3.21$2.72$2.81$2.93$2.51$2.68$2.67$3.11$2.33$2.60$2.38$2.60$2.17$2.57$2.13$1.96$2.13$
Average Shares, Basic326,180,391326,485,607326,487,253326,313,432326,278,138326,157,686326,038,544325,911,525325,933,832327,158,743327,189,785326,954,294326,953,791327,286,003328,444,627328,606,352328,619,248328,619,163328,594,136328,514,497316,595,345305,913,431305,882,326306,504,084306,868,960307,275,230308,708,798308,978,053309,293,708309,294,045309,355,154310,583,643310,855,573310,853,299311,579,301312,809,981313,684,810314,234,418313,399,467309,416,266309,418,757309,417,298310,498,911311,101,297310,784,070310,772,019310,743,242310,622,570
Average Shares, Diluted326,180,391326,485,607326,487,253326,313,432326,278,138326,157,686326,038,544325,911,525325,933,832327,158,743327,189,785326,954,294326,953,791327,286,003328,444,627328,606,352328,619,248328,619,163328,594,136328,514,497316,595,345305,913,431305,882,326306,504,084306,868,960307,275,230308,708,798308,978,053309,293,708309,294,045309,355,154310,583,643310,855,573310,853,299311,579,301312,809,981313,684,810314,234,418313,399,467309,416,266309,418,757309,417,298310,498,911311,101,297310,784,070310,772,019310,743,242310,622,570
EBIT3,812,208,000$945,486,000$876,405,000$704,855,000$999,175,000$773,095,000$790,773,000$1,071,778,000$1,084,419,000$892,972,000$775,591,000$718,684,000$973,648,000$809,725,000$756,796,000$673,469,000$767,235,000$978,420,000$906,288,000$712,476,000$510,581,000$370,504,000$487,609,000$693,031,000$780,228,000$831,106,000$770,527,000$830,680,000$1,037,530,000$841,681,000$838,038,000$921,016,000$864,806,000$791,667,000$648,547,000$749,277,000$665,108,000$802,801,000$741,320,000$798,215,000$697,543,000$725,807,000$788,921,000$870,970,000$717,655,000$553,332,000$739,024,000$662,200,000$
EBITDA4,232,883,000$1,284,125,000$1,215,463,000$1,032,906,000$1,326,766,000$1,093,460,000$1,100,789,000$1,379,147,000$1,404,675,000$1,208,231,000$1,095,125,000$1,025,743,000$1,290,829,000$1,111,479,000$1,055,069,000$983,632,000$1,087,099,000$1,289,801,000$1,222,020,000$1,028,214,000$842,432,000$704,259,000$811,749,000$1,021,293,000$1,104,538,000$1,166,050,000$1,123,133,000$1,159,323,000$1,366,675,000$1,157,856,000$1,158,236,000$1,237,952,000$1,189,993,000$1,108,704,000$970,943,000$1,060,109,000$1,001,825,000$1,114,558,000$1,044,905,000$1,098,829,000$1,001,868,000$1,015,167,000$1,084,699,000$1,159,076,000$1,012,113,000$834,993,000$1,026,238,000$942,693,000$