Simon Property Group (SPG) is trading down at $198.70 (-0.97%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Real Estate sector.
Simon Property Group revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $5.44B | $5.53B | $5.65B | $5.76B | $4.61B | $5.12B | $5.29B | $5.66B | $5.96B | $6.36B |
| Growth (year over year) | +3.2% | +1.7% | +2.1% | +1.9% | −19.9% | +11.1% | +3.4% | +6.9% | +5.4% | +6.7% |
| Operating income | $2.72B | $2.80B | $2.93B | $2.91B | $1.97B | $2.41B | $2.58B | $2.81B | $3.09B | $3.18B |
| Operating margin | 50.1% | 50.7% | 51.8% | 50.6% | 42.8% | 47.2% | 48.8% | 49.6% | 51.9% | 49.9% |
| Net income | $1.84B | $1.94B | $2.44B | $2.10B | $1.11B | $2.25B | $2.14B | $2.28B | $2.37B | $4.62B |
| Net margin | 33.8% | 35.2% | 43.2% | 36.5% | 24.1% | 43.9% | 40.4% | 40.3% | 39.7% | 72.7% |
| EPS (diluted) | $5.87 | $6.24 | $7.87 | $6.81 | $3.59 | $6.84 | $6.52 | $6.98 | $7.26 | $14.17 |
| Balance sheet | ||||||||||
| Cash and equivalents | $560.1M | $1.48B | $514.3M | $669.4M | $1.01B | $533.9M | $621.6M | $1.17B | $1.40B | $823.1M |
| Total assets | $31.1B | $32.3B | $30.7B | $31.2B | $34.8B | $33.8B | $33.0B | $34.3B | $32.4B | $40.6B |
| Total liabilities | $26.0B | $27.8B | $26.7B | $28.1B | $31.1B | $29.4B | $29.2B | $30.6B | $28.8B | $33.9B |
| Long-term debt | $23.0B | $24.6B | $23.3B | $24.2B | $26.7B | $25.3B | $25.0B | $26.0B | $24.3B | $28.4B |
| Shareholders' equity | $4.31B | $3.69B | $3.30B | $2.53B | $3.04B | $3.36B | $3.14B | $3.02B | $2.94B | $5.21B |
| Cash flow | ||||||||||
| Operating cash flow | $3.37B | $3.59B | $3.75B | $3.81B | $2.33B | $3.64B | $3.77B | $3.93B | $3.81B | $4.14B |
| Capital expenditure | $798.5M | $732.1M | $781.9M | $876.0M | $484.1M | $527.9M | $650.0M | $793.3M | $755.6M | $934.3M |
| Free cash flow | $2.57B | $2.86B | $2.97B | $2.93B | $1.84B | $3.11B | $3.12B | $3.14B | $3.06B | $3.20B |
| Share buybacks | $255.3M | $407.0M | $354.1M | $359.8M | $152.6M | — | $180.4M | $140.6M | — | $226.8M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $1.48B | $1.58B | $1.47B | $1.50B | $1.60B | $1.79B | $1.76B | $1.79B |
| Growth (year over year) | +4.9% | +3.6% | +2.1% | +2.8% | +8.2% | +13.2% | +19.3% | +19.5% |
| Operating income | $767.8M | $835.7M | $727.6M | $744.2M | $812.9M | $890.7M | $762.2M | $824.1M |
| Operating margin | 51.9% | 52.8% | 49.4% | 49.7% | 50.8% | 49.7% | 43.4% | 46.0% |
| Net income | $475.2M | $667.2M | $413.7M | $556.1M | $606.2M | $3.05B | $479.6M | $483.1M |
| Net margin | 32.1% | 42.2% | 28.1% | 37.1% | 37.8% | 170.2% | 27.3% | 27.0% |
| EPS (diluted) | $1.46 | $2.04 | $1.27 | $1.70 | $1.86 | $9.34 | $1.48 | $1.49 |
| Balance sheet | ||||||||
| Cash and equivalents | $2.17B | $1.40B | $1.38B | $1.23B | $1.55B | $823.1M | $543.0M | $1.02B |
| Total assets | $33.3B | $32.4B | $32.5B | $33.3B | $33.6B | $40.6B | $39.6B | $39.7B |
| Total liabilities | $30.0B | $28.8B | $29.2B | $30.2B | $30.6B | $33.9B | $33.3B | $33.9B |
| Long-term debt | $25.4B | $24.3B | $24.8B | $25.4B | $25.8B | $28.4B | $28.2B | $28.7B |
| Shareholders' equity | $2.71B | $2.94B | $2.61B | $2.45B | $2.35B | $5.21B | $4.86B | $4.43B |
| Cash flow | ||||||||
| Operating cash flow | $892.9M | $1.09B | $827.2M | $1.22B | $890.3M | $1.20B | $833.4M | $1.20B |
| Capital expenditure | $186.4M | $217.9M | $230.2M | $244.0M | $205.2M | $254.9M | $208.4M | $236.9M |
| Free cash flow | $706.5M | $867.7M | $597.0M | $971.3M | $685.0M | $948.8M | $625.0M | $958.7M |
| Share buybacks | — | — | — | — | — | — | $175.3M | $160.7M |
From Simon Property Group's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Simon Property Group
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. As of June 9, 2026, it owned interests in 235 properties.
Source: Wikipedia — Simon Property Group
- Headquarters
- Indianapolis, Indiana From SEC filings, Oct 2026
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