Simon Property Group/$SPG
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Simon Property Group
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 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), six lifestyle centers, and 12 other retail properties. Simon's portfolio averaged $838 in sales per square foot over the trailing 12 months. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 14 countries.
- Ticker
- $SPG
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 3,350
- Headquarters
- Indianapolis, United States
- Website
- www.simon.com
SPG Metrics
BasicAdvanced
$70B
15.35
$14.19
1.33
$8.90
4.13%
Price and volume
Market cap
$70B
Beta
1.33
52-week high
$238.50
52-week low
$172.19
Average daily volume
1.2M
Dividend rate
$8.90
Financial strength
Current ratio
0.266
Quick ratio
0.264
Long term debt to equity
4.391
Total debt to equity
5.035
Dividend payout ratio (TTM)
62.00%
Interest coverage (TTM)
3.07%
Profitability
EBITDA (TTM)
5,125.175
Gross margin (TTM)
81.43%
Net profit margin (TTM)
66.57%
Operating margin (TTM)
47.40%
Effective tax rate (TTM)
-0.01%
Revenue per employee (TTM)
$2,070,000
Management effectiveness
Return on assets (TTM)
5.63%
Return on equity (TTM)
120.51%
Valuation
Price to earnings (TTM)
15.346
Price to revenue (TTM)
10.209
Price to book
16.03
Price to tangible book (TTM)
16.03
Price to free cash flow (TTM)
22.021
Free cash flow yield (TTM)
4.54%
Free cash flow per share (TTM)
9.888
Dividend yield (TTM)
4.09%
Forward dividend yield
4.13%
Growth
Revenue change (TTM)
15.02%
Earnings per share change (TTM)
119.22%
3-year revenue growth (CAGR)
8.49%
10-year revenue growth (CAGR)
2.64%
3-year earnings per share growth (CAGR)
29.22%
10-year earnings per share growth (CAGR)
9.71%
3-year dividend per share growth (CAGR)
6.92%
10-year dividend per share growth (CAGR)
3.32%
What the Analysts think about SPG
Analyst ratings (Buy, Hold, Sell) for Simon Property Group stock.
Analyst projections of the future price of Simon Property Group stock.
Bulls say / Bears say
Second-quarter real estate FFO per share rose 7.9% year on year, and Simon raised its 2026 FFO outlook to $13.20–$13.30 per share. That points to continued earnings growth, not just a high dividend yield. (PR Newswire)
Simon’s strong leasing figures suggest it can keep lifting cash rents: new lease rents were up 17% year on year while tenant allowances fell 12%. Occupancy remained around 96%, showing demand held up even after space from bankrupt retailers was returned. (Seeking Alpha, The Motley Fool)
Its development programme offers another route to growth: about $1.1 billion of projects were under way at an expected 9% yield, with a pipeline exceeding $4 billion. If completed to plan, these investments could add income and improve existing centres. (The Motley Fool)
The shares may leave limited room for further gains after a strong run: Deutsche Bank downgraded Simon to Hold, describing it as fully valued, and cited refinancing-related FFO growth headwinds in 2026 and 2027. A premium multiple could amplify the downside if growth disappoints. (24/7 Wall St.)
Refinancing could weigh on per-share growth because new borrowing costs are above the rate on existing debt. Simon’s Q2 filing reported secured loans at a 5.36% weighted average rate, while its overall borrowing rate was 3.93%. (MarketScreener)
Retailer failures remain a direct risk to rent and occupancy: Simon had to take back about one million square feet after Saks Off 5th’s bankruptcy. The space was relet, but a weaker consumer or more tenant failures could make future vacancies harder or less profitable to fill. (The Motley Fool, PR Newswire)
Data summarised monthly by Lightyear AI. Last updated on 4 Oct 2026.
SPG Financial Performance
Revenues and expenses
SPG Earnings Performance
Company profitability
Upcoming events
No upcoming events
SPG News
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Funds containing SPG
AllUSDEURGBP
Fund name | Fund size | $SPG weighting |
|---|---|---|
Invesco Real Estate S&P US Select Sector$XRES | $150M | 5.70% |
Invesco Real Estate S&P US Select Sector£XREP | $150M | 5.70% |
VanEck Global Real Estate€TRET | €448M | 5.14% |
VanEck Global Real Estate£TREG | €448M | 5.14% |
iShares Developed Markets Property Yield£IWDP | $1.2B | 4.11% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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