Simon Property Group Inc (SPG) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Simon Property reported revenue of $6.36B, up 6.7% from $5.96B the year before. Net income was $4.63B (a 72.7% net margin), or $14.17 per diluted share. Gross margin was 49.9% and operating margin was 49.9%. Operating activities generated $4.14B of cash, leaving $3.20B of free cash flow. At fiscal year end, Simon Property held $40.61B in total assets against $33.90B in total liabilities, including $823.1M of cash and equivalents.
Open the full interactive Simon Property financials → Quarterly statements, key ratios, valuation history and price charts.
Simon Property Key Stats
| Share Price | $200.65 |
|---|---|
| Market Cap | $65.01B |
| P/E Ratio | 14.2 |
| Revenue YoY Growth | +6.7% |
| 52-Week Range | $165.67 – $234.19 |
| Shares Outstanding | 324.0 million (basic, 2026 Q2) |
Simon Property Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.61B | $5.12B | $5.29B | $5.66B | $5.96B | $6.36B |
| Cost of Goods Sold | $2.64B | $2.70B | $2.71B | $2.85B | $2.87B | $3.19B |
| Gross Profit | $1.97B | $2.41B | $2.58B | $2.81B | $3.09B | $3.18B |
| Operating Income | $1.97B | $2.41B | $2.58B | $2.81B | $3.09B | $3.18B |
| Pre-Tax Income | $1.11B | $2.25B | $2.14B | $2.28B | $2.37B | $4.65B |
| Income Tax | — | — | — | — | — | $20.3M |
| Net Income | $1.11B | $2.25B | $2.14B | $2.28B | $2.37B | $4.63B |
| Diluted EPS | $3.59 | $1.53 | $2.06 | $6.98 | $7.26 | $14.17 |
Simon Property Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.60B | $1.79B | $1.76B | $1.79B |
| Net Income | $607.0M | $3.05B | $480.4M | $484.0M |
| Diluted EPS | $1.86 | $9.34 | $1.48 | $1.49 |
Simon Property Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.01B | $533.9M | $621.6M | $1.17B | $1.40B | $823.1M |
| Total Assets | $34.79B | $33.78B | $33.01B | $34.28B | $32.41B | $40.61B |
| Total Long-Term Debt | $26.72B | $25.32B | $24.96B | $26.03B | $24.26B | $28.43B |
| Total Liabilities | $31.13B | $29.38B | $29.19B | $30.60B | $28.81B | $33.90B |
| Shareholders' Equity | $3.04B | $3.36B | $3.14B | $3.02B | $2.94B | $5.21B |
Simon Property Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.33B | $3.64B | $3.77B | $3.93B | $3.81B | $4.14B |
| Cash From Investing | -$3.98B | -$552.8M | -$626.6M | -$1.36B | $1.41B | -$1.60B |
| Cash From Financing | $1.99B | -$3.56B | -$3.05B | -$2.02B | -$4.99B | -$3.11B |
| Free Cash Flow | $1.84B | $3.11B | $3.12B | $3.14B | $3.06B | $3.20B |
Figures from Simon Property's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Simon Property financials page for every line item.
Simon Property Company Profile
| Ticker | SPG |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Indianapolis, Indiana |
| Incorporated in | Indiana |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001063761 |
Frequently Asked Questions
What was Simon Property's revenue in fiscal 2025?
Simon Property (SPG) reported revenue of $6.36B for fiscal 2025.
What is Simon Property's annual revenue history?
Simon Property's annual revenue by fiscal year: 2020: $4.61B; 2021: $5.12B; 2022: $5.29B; 2023: $5.66B; 2024: $5.96B; 2025: $6.36B.
What was Simon Property's net income in fiscal 2025?
Simon Property reported net income of $4.63B for fiscal 2025.
What was Simon Property's earnings per share (EPS) in fiscal 2025?
Simon Property's diluted EPS was $14.17 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Simon Property generate in fiscal 2025?
Simon Property generated $3.20B of free cash flow in fiscal 2025.
What was Simon Property's revenue last quarter?
In its most recent reported quarter (2026 Q2), Simon Property reported revenue of $1.79B.
How much debt does Simon Property have?
Simon Property reported $28.43B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Simon Property are outstanding?
Simon Property reported a weighted average of 324.0 million basic shares outstanding in 2026 Q2.
What is Simon Property's market cap?
Based on its latest closing price, Simon Property (SPG) has a market capitalization of about $65.01B.
When does Simon Property's fiscal year end?
Simon Property's fiscal year end, as registered with the SEC, is December 31.
Where is Simon Property headquartered?
Simon Property lists its business address in Indianapolis, Indiana in its SEC filings.