Latest revenue
$1.76B
as of 2026-03-31
Latest net income
—
as of 2026-03-31
Net margin
—
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $1.6M
- Enterprise value
- $24.24B
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- 0.00×
- Dividend yield
- 4.2%
- 52-wk high
- $208.28
- 52-wk low
- $155.44
- Beta
- —
- Shares out
- 8.0K
5-year trend
What this company does
Simon Property Group owns and operates premium shopping malls, premium outlets, and mixed-use retail destinations across the United States and internationally. The company generates revenue primarily through leasing retail space to tenants, collecting base rents plus percentage rents tied to tenant sales. Simon remains the largest US mall REIT, anchoring its portfolio with high-productivity Class A malls and outlet centers that have outperformed weaker retail real estate.
Generated from SPG's filing dated 2024-02-22
Key risks
- Filing references prior 10-K risk factors without disclosing new material risks; investors must consult the 2024 Annual Report for specifics.
Generated from SPG's filing dated 2024-02-22
Profitability
Operating margin
49.9%
3.8%Leverage
Debt / equity
6.80×
32.1%Long-term debt / equity
5.46×
33.8%Debt / assets
87.2%
4.1%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $1.76B | +19.3% | — | — | — |
Q4 2025 2025-12-31 | $1.79B | +13.2% | — | — | — |
Q3 2025 2025-09-30 | $1.60B | +8.2% | — | — | — |
Q2 2025 2025-06-30 | $1.50B | +2.8% | — | — | — |
Q1 2025 2025-03-31 | $1.47B | +2.1% | — | — | — |
Q4 2024 2024-12-31 | $1.58B | — | — | — | — |
Q3 2024 2024-09-30 | $1.48B | +4.9% | — | — | — |
Q2 2024 2024-06-30 | $1.46B | +6.5% | — | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Real Estate Investment Trusts · SIC 6798
Your notes
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Insider activity
Insider buying
$1.8M
Insider selling
$2.0M
Net activity
−$199.9K
Distinct insiders
11
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns SPG
Institutional value
$19.43B
Total shares held
108.0M
Distinct holders
749
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD PORTFOLIO MANAGEMENT LLC | 23.1M | $4.31B | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 20.6M | $3.84B | — | New |
| 3 | DIMENSIONAL FUND ADVISORS LP | 4.6M | $859.2M | — | New |
| 4 | Legal & General Group Plc | 3.7M | $688.2M | — | New |
| 5 | Invesco Ltd. | 3.2M | $604.7M | — | New |
| 6 | Nuveen, LLC | 2.9M | $535.8M | — | New |
| 7 | PRINCIPAL FINANCIAL GROUP INC | 2.6M | $484.1M | — | New |
| 8 | DEUTSCHE BANK AG\ | 2.4M | $456.2M | — | New |
| 9 | Boston Partners | 2.3M | $429.4M | — | New |
| 10 | Bank of New York Mellon Corp | 2.1M | $387.8M | — | New |
| 11 | VANGUARD FIDUCIARY TRUST CO | 1.8M | $340.8M | — | New |
| 12 | Sumitomo Mitsui Trust Group, Inc. | 1.5M | $282.2M | — | New |
| 13 | UBS Group AG | 1.4M | $270.0M | — | New |
| 14 | CENTERSQUARE INVESTMENT MANAGEMENT LLC | 1.4M | $261.2M | — | New |
| 15 | HSBC HOLDINGS PLC | 1.3M | $238.9M | — | New |
| 16 | National Pension Service | 1.2M | $226.3M | — | New |
| 17 | HighTower Advisors, LLC | 1.1M | $198.9M | — | New |
| 18 | Mitsubishi UFJ Asset Management Co., Ltd. | 1.0M | $186.9M | — | New |
| 19 | Swiss National Bank | 958.1K | $178.7M | — | New |
| 20 | Russell Investments Group, Ltd. | 931.5K | $173.5M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With $4.57B Q3 revenue, what same-store NOI growth and occupancy trends justify maintaining current FFO guidance into 2026?
- 2
How are you underwriting tenant credit risk given recent retailer bankruptcies, and what percentage of ABR is on watchlist?
- 3
Why no updated risk disclosures despite tariff impacts on retailers and rising refinancing costs on your $30B+ debt stack?
Refreshed when SPG files a new report · last from 2024-02-22