Simon Property SPG

REIT - Retail, Real Estate

$211.63

−0.19%

Market cap: $68.5B
PE: 14.9×; 10y median 21.5×
Forward PE: 30.5×; 10y median 24.7×
Price to FFO: 16.9×; its own FFO
Price to sales: n/m; one or more of the four quarters through 2026-06-30 missing
EV/EBIT: 29.6×
Revenue, 12 months: n/m; one or more of the four quarters through 2026-06-30 missing
Net margin: n/m; one or more of the four quarters through 2026-06-30 missing

Simon Property trades at 16.9× its funds from operations, the earnings measure REITs are valued on.

Charts

Financials

Income statement for SPG, by quarter
Income statement	Q3 FY23	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
SG&A	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Interest expense	$212.2M+13%	$224.9M+12%	$230.6M+16%	$221.3M+2%	$226.4M+7%	$227.4M+1%	$227M−2%	$232.7M+5%	$242.8M+7%	$272.3M+20%	$275.7M+21%	$281.2M+21%
	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net income	$594.1M+10%	$747.5M+11%	$731.7M+62%	$493.5M+2%	$475.2M−20%	$667.2M−11%	$413.7M−44%	$556.1M+13%	$606.2M+28%	$3B+357%	$479.6M+16%	$483.1M−13%
	$1.82+10%	$2.29+11%	$2.25+63%	$1.51+1%	$1.46−20%	$2.04−11%	$1.27−44%	$1.70+13%	$1.86+27%	$9.35+358%	$1.48+17%	$1.49−12%
	327.2M+0%	325.9M−0%	325.9M−0%	326M−0%	326.2M−0%	326.3M+0%	326.3M+0%	326.5M+0%	326.5M+0%	326.2M+0%	325M−0%	324M−1%

Net income: 46 periods, Q1 FY15 to Q2 FY26: not printed by the filing, worked out from its own lines.

EPS, diluted: Q4 FY09: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. 42 periods, Q1 FY16 to Q2 FY26: quarter's net income to common over its shares, to the cent.

Diluted shares: Q4 FY09: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Estimates

Next earnings report: Nov 5, 2026.

Quarter	Revenue	Range	EPS	Range	Analysts
Q3 FY26	$1.6B	$1.6B to $1.7B	$1.69	$1.67 to $1.70	4
Q4 FY26	$1.7B	$1.7B to $1.7B	$1.93	$1.88 to $2.07	4
Q1 FY27	$1.7B	$1.7B to $1.7B	$1.57	$1.53 to $1.59	1
Q2 FY27	$1.7B	$1.7B to $1.7B	$1.74	$1.71 to $1.77	1
Q3 FY27	$1.8B	$1.7B to $1.8B	$1.84	$1.80 to $1.87	1
Q4 FY27	$1.8B	$1.8B to $1.8B	$2.06	$2.02 to $2.09	1
Q1 FY28	$1.7B	$1.7B to $1.8B	$1.59	$1.55 to $1.61	2
Q2 FY28	$1.7B	$1.7B to $1.8B	$1.83	$1.79 to $1.86	2

Peers

Companies in Real Estate nearest Simon Property's size, closest first.

Company	Market cap	PE	Its 10y median PE	Fwd PE	P/S	Revenue growth	Net margin
SPGSimon Property	$68.5B	14.9×	21.5×	30.5×	n/m	n/m	n/m
DLRDigital Realty Trust	$63.8B	83.3×	69.1×	75.9×	9.4×	+17%	11.8%
PSAPublic Storage	$54.4B	29.6×	29.6×	31.8×	11.1×	+3%	41.8%
ORealty Income	$53.8B	41.5×	51.5×	35.4×	8.9×	+11%	20.9%
AMTAmerican Tower	$88.1B	26.0×	55.9×	27.9×	8.0×	+7%	31.1%
EQIXEquinix	$94.2B	61.5×	97.9×	55.2×	9.6×	+10%	15.6%
VMRKVivmark Residential	$47.3B	55.3×	57.3×	n/m	15.1×	+3%	28.0%
VTRVentas	$44.5B	161×	51.7×	120×	6.9×	+21%	4.1%
PLDPrologis	$118B	27.9×	31.5×	37.9×	12.6×	+7%	45.5%
CCICrown Castle	$36.6B	43.6×	78.2×	32.2×	8.8×	−5%	20.7%
CBRECBRE	$35.7B	28.3×	22.0×	15.4×	0.8×	+15%	3.0%
Peer median	$54.1B	42.6×	53.8×	35.4×	9.2×	+8%	20.8%