Zacks Investment Research·5 days ago
Is Holding Simon Property Stock Still Smart Move for Your Portfolio?SPG benefits from strong leasing, redevelopment and liquidity, but debt and e-commerce remain key risks.
Simon Property Group, Inc.(SPG)Earnings, Financials & Key Ratios
SPG•NYSE•REIT / Real Estate
$227.19
16.1× P/E·Price updated Jul 7, 2026
AboutSimon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.Show more
- Revenue$6.36B+6.7%
- FFO$6.1B+63.4%
- FFO/Share18.70+63.5%
- FFO Payout45.8%-35.4%
- FFO per Share18.70+63.5%
- NOI Margin85.72%+3.9%
- FFO Margin95.81%+53.2%
- ROE89.57%+37.6%
- ROA12.64%+77.8%
SPG Price & Volume
Simon Property Group, Inc. (SPG) stock price & volume — 10-year historical chart
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Mixed-Use Densification Drives Robust Revenue Growth
Investment Thesis • Updated 2026Q1
VerdictPositive: The company maintains a sustainable dividend payout supported by $730.9 million in 2026Q1 AFFO
Growth:Expanding
Profitability:Strong
Financial:Healthy
Cash Flow:Robust
Primary Risk:Interest rate refinancing risk
Key Thesis Takeaways
- Simon Property Group is successfully navigating retail headwinds by pivoting toward high-traffic luxury assets and mixed-use densification, as evidenced by a 19.3% revenue growth rate in 2026Q1.
- While the company maintains a resilient NOI margin of 80.3%, investors should monitor the $29.0 billion debt load and the potential for interest rate refinancing risks.
- The firm's ability to sustain dividend payments through $730.9 million in quarterly AFFO suggests a stable outlook, provided that capital-intensive redevelopment projects continue to yield accretive returns.
Verdict Logic
which comfortably covers the $715.9 million dividend payment.
SPG Growth Metrics
Simon Property Group, Inc. (SPG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years1.91%
5 Years6.67%
3 Years6.35%
TTM10.92%
Profit CAGR
10 Years9.7%
5 Years32.91%
3 Years29.21%
TTM128.01%
EPS CAGR
10 Years9.17%
5 Years31.54%
3 Years29.44%
TTM124.04%
Return on Capital
10 Years9.39%
5 Years9.39%
3 Years10.14%
Last Year10.83%
SPG Recent Earnings
Simon Property Group, Inc. (SPG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$1.48+1.4%
$1.46
Rev
$1.8B+13.9%
$1.5B
Q1 2026
Feb 2, 2026Metric
Actual
Est
EPS
$9.35+392.1%
$1.90
Rev
$1.8B+20.0%
$1.5B
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$3.22+4.2%
$3.09
Rev
$1.6B+6.5%
$1.5B
Q3 2025
Aug 4, 2025Metric
Actual
Est
EPS
$3.05+0.3%
$3.04
Rev
$1.5B+5.2%
$1.4B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $1.48vs $1.46+1.4% | $1.8Bvs $1.5B+13.9% |
| Q1 2026 | Feb 2, 2026 | $9.35vs $1.90+392.1% | $1.8Bvs $1.5B+20.0% |
| Q4 2025 | Nov 3, 2025 | $3.22vs $3.09+4.2% | $1.6Bvs $1.5B+6.5% |
| Q3 2025 | Aug 4, 2025 | $3.05vs $3.04+0.3% | $1.5Bvs $1.4B+5.2% |
Based on last 12 quarters of dataView full earnings history →
Latest SPG News
Recent stock market news and headlines for Simon Property Group, Inc. (SPG)
PRNewsWire·6 days ago
Simon® Announces Date For Its Second Quarter 2026 Earnings Release And Conference CallINDIANAPOLIS, July 1, 2026 /PRNewswire/ -- Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced details for its second quarter earnings release and conference call. Simon's financial and operational results for the quarter ending June 30, 2026, will be released after the market close on August 10, 2026.
Benzinga·Jun 26, 2026
Qualcomm, Merck, Rockwell Automation And A Real Estate Stock On CNBC's ‘Final Trades'On CNBC's “Halftime Report Final Trades,” Jim Lebenthal, partner and chief market strategist at Cerity Partners, named Qualcomm Incorporated (NASDAQ:QCOM) as his final trade.
Seeking Alpha·Jun 22, 2026
Simon Property Group: Looks Priced To Perfection With No Margin Of SafetySimon Property Group delivered robust Q1 results, raising full-year FFO guidance and demonstrating strong leasing and portfolio growth. SPG's balance sheet remains a core strength, with A credit rating, low leverage at 5.0x, and high fixed-rate debt, supporting future flexibility. The current valuation at 16.01x forward P/FFO appears fully priced, limiting near-term upside and exposing shares to downside risk amid macro uncertainty.
Fool - Investing News·Jun 18, 2026
SPDR REIT ETF vs. Vanguard Global Real Estate ETF: Which Suits Your Portfolio Best?These two real estate ETFs focus on opposite geographies.
Peers Comparison
Key metrics vs top competitors for Simon Property Group, Inc. (SPG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $227.19 | $73.8B | 16.07 | 6.72% | 72.51% | 89.57% | 3.77% | |
| $25.49 | $6.63B | -33.10 | 10.58% | -18.18% | -7.13% | — | |
| $53.53 | $1.66B | 12.33 | 12.18% | 29.62% | 50.39% | — | |
| $64.01 | $59.69B | 54.71 | 9.07% | 18.94% | 2.8% | — | |
| $80.74 | $14.78B | 28.63 | 3.39% | 38.12% | 9.18% | — | |
| $25.29 | $17.06B | 30.47 | 5.06% | 28.51% | 5.81% | — |
Compare SPG vs Peers
Simon Property Group, Inc. (SPG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SPG SEC Filings & Documents
Simon Property Group, Inc. (SPG) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 15, 2026·SEC
Material company update
May 11, 2026·SEC
Material company update
Mar 24, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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SPG Frequently Asked Questions
Simon Property Group, Inc. (SPG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Simon Property Group, Inc.'s revenue?
Simon Property Group, Inc. (SPG) reported $6.65B in revenue for fiscal year 2025. This represents a 778% increase from $757.3M in 1996.
How fast is Simon Property Group, Inc. growing?
Simon Property Group, Inc. (SPG) grew revenue by 6.7% over the past year. This is steady growth.
Is SPG profitable?
Yes, Simon Property Group, Inc. (SPG) is profitable, generating $4.68B in net income for fiscal year 2025 (72.5% net margin).
Dividend & Returns
Does SPG pay dividends?
Yes, Simon Property Group, Inc. (SPG) pays a dividend with a yield of 3.77%. This makes it attractive for income-focused investors.
What is SPG's return on equity?
Simon Property Group, Inc. (SPG) has a return on equity (ROE) of 89.6%. This is excellent, indicating efficient use of shareholder capital.
Industry Metrics
What is Simon Property Group, Inc.'s FFO?
Simon Property Group, Inc. (SPG) generated Funds From Operations (FFO) of $6.27B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is SPG a good dividend stock?
Simon Property Group, Inc. (SPG) offers a 3.77% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.