Simon Property Group
SPG stock analysis · Real Estate · Retail REITs
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price available; dated issuer common capital structure or outstanding share count still requires review.
DCF value
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Reverse DCF
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Relative valuation
Requires market caps for at least five comparable profitable issuers.
How this is calculated ↗Historical multiples
Requires three annual historical market caps and eligible filed earnings.
How this is calculated ↗Free cash flow yield
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗ROIC / quality
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Value composite
Requires three valuation yields and at least five covered sector peers.
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
A dated price is available, but an unambiguous issuer share count is missing or the share-class capital structure needs review.
How this is calculated ↗Accrual quality
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | — | — | — |
| 10.0% | — | — | — |
| 12.0% | — | — | — |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2025-12-31 | 6.4B | 5.4B | 4.1B | 934.3M | 40.6B |
| 2024-12-31 | 6B | 2.7B | 3.8B | 755.6M | 32.4B |
| 2023-12-31 | 5.7B | 2.6B | 3.9B | 793.3M | 34.3B |
| 2022-12-31 | 5.3B | 2.5B | 3.8B | 650M | 33B |
| 2021-12-31 | 5.1B | 2.6B | 3.6B | 527.9M | 33.8B |
| 2020-12-31 | 4.6B | 1.3B | 2.3B | 484.1M | 34.8B |
| 2019-12-31 | 5.8B | 2.4B | 3.8B | 876M | 31.2B |
| 2018-12-31 | 5.6B | 2.8B | 3.8B | 781.9M | 30.7B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 6.4B | Revenues | 2026-02-25 |
| netIncome | 5.4B | ProfitLoss Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-02-25 |
| Parent/common earnings proxy | 4.6B | NetIncomeLossAvailableToCommonStockholdersBasic | 2026-02-25 |
| cfo | 4.1B | NetCashProvidedByUsedInOperatingActivities | 2026-02-25 |
| capex | 934.3M | PaymentsToAcquireProductiveAssets | 2026-02-25 |
| operatingIncome | 3.2B | OperatingIncomeLoss | 2026-02-25 |
| assets | 40.6B | Assets | 2026-02-25 |
| equity | 6.5B | StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-02-25 |
| Parent book equity proxy | 5.2B | StockholdersEquity | 2026-02-25 |
| debt | 28.4B | LongTermDebt | 2026-02-25 |
| shortDebt | — | Not reported under a supported tag | — |
| cash | 823.1M | CashAndCashEquivalentsAtCarryingValue | 2026-02-25 |
| shares | 326.4M | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-02-25 |
| dividends | — | Not reported under a supported tag | — |
| buybacks | 226.8M | PaymentsForRepurchaseOfCommonStock | 2026-02-25 |
| issuance | — | Not reported under a supported tag | — |