Simon Property Group, Inc. SPG
Simon Property Group (NYSE: SPG) is a prominent S&P 100 real estate investment trust that specializes in owning and developing a portfolio of world-class shopping, dining, entertainment, and mixed-use destinations. These significant properties, strategically located across North America, Europe, and Asia, serve as vital community hubs, attracting millions of visitors daily and contributing billions in annual revenue.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-25 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-11) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model SPG yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $6.36B | $4.61B | $1.48B | $7.86B | $4.48B |
| 2024 | $5.96B | $2.37B | $1.36B | $5.02B | $3.81B |
| 2023 | $5.66B | $2.28B | $1.33B | $4.89B | $3.93B |
| 2022 | $5.29B | $2.14B | $1.29B | $4.59B | $3.77B |
| 2021 | $5.12B | $2.25B | $1.33B | $4.85B | $3.64B |
| 2020 | $4.61B | $1.11B | $1.35B | $3.41B | $2.33B |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-09 | 2026-06-09 | 2026-06-30 | 2026-05-11 | $2.25 | Quarterly |
| 2026-03-10 | 2026-03-10 | 2026-03-31 | 2026-02-02 | $2.20 | Quarterly |
| 2025-12-10 | 2025-12-10 | 2025-12-31 | 2025-11-03 | $2.20 | Quarterly |
| 2025-09-09 | 2025-09-09 | 2025-09-30 | 2025-08-04 | $2.15 | Quarterly |
| 2025-06-09 | 2025-06-09 | 2025-06-30 | 2025-05-12 | $2.10 | Quarterly |
| 2025-03-10 | 2025-03-10 | 2025-03-31 | 2025-02-04 | $2.10 | Quarterly |
| 2024-12-09 | 2024-12-09 | 2024-12-30 | 2024-11-01 | $2.10 | Quarterly |
| 2024-09-09 | 2024-09-09 | 2024-09-30 | 2024-08-05 | $2.05 | Quarterly |
| 2024-06-07 | 2024-06-07 | 2024-06-28 | 2024-05-06 | $2.00 | Quarterly |
| 2024-03-07 | 2024-03-08 | 2024-03-29 | 2024-02-05 | $1.95 | Quarterly |
| 2023-12-07 | 2023-12-08 | 2023-12-29 | 2023-10-30 | $1.90 | Quarterly |
| 2023-09-07 | 2023-09-08 | 2023-09-29 | 2023-08-02 | $1.90 | Quarterly |
| 2023-06-08 | 2023-06-09 | 2023-06-30 | 2023-05-02 | $1.85 | Quarterly |
| 2023-03-09 | 2023-03-10 | 2023-03-31 | 2023-02-06 | $1.80 | Quarterly |
| 2022-12-08 | 2022-12-09 | 2022-12-30 | 2022-11-01 | $1.80 | Quarterly |
| 2022-09-08 | 2022-09-09 | 2022-09-30 | 2022-08-01 | $1.75 | Quarterly |
| 2022-06-08 | 2022-06-09 | 2022-06-30 | 2022-05-09 | $1.70 | Quarterly |
| 2022-03-09 | 2022-03-10 | 2022-03-31 | 2022-02-07 | $1.65 | Quarterly |
| 2021-12-09 | 2021-12-10 | 2021-12-31 | 2021-11-01 | $1.65 | Quarterly |
| 2021-09-08 | 2021-09-09 | 2021-09-30 | 2021-08-02 | $1.50 | Quarterly |
| 2021-07-01 | 2021-07-02 | 2021-07-23 | 2021-06-21 | $1.40 | Quarterly |
| 2021-04-08 | 2021-04-09 | 2021-04-23 | 2021-03-30 | $1.30 | Quarterly |
| 2020-12-23 | 2020-12-24 | 2021-01-22 | 2020-12-15 | $1.30 | Quarterly |
| 2020-10-08 | 2020-10-09 | 2020-10-23 | 2020-09-29 | $1.30 | Quarterly |
Coverage (payout of operating cash flow): 65.53%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — SPG
Why Investors Need to Take Advantage of These 2 Finance Stocks Now
This Mall REIT Yields Over 4% And Is Up More Than 21% This Year, Wall Street Just Downgraded It Anyway
Is Holding Simon Property Stock Still Smart Move for Your Portfolio?
Simon® Announces Date For Its Second Quarter 2026 Earnings Release And Conference Call
Qualcomm, Merck, Rockwell Automation And A Real Estate Stock On CNBC's ‘Final Trades'
Simon Property Group: Looks Priced To Perfection With No Margin Of Safety
SPDR REIT ETF vs. Vanguard Global Real Estate ETF: Which Suits Your Portfolio Best?
Simon Property (SPG) Up 3% Since Last Earnings Report: Can It Continue?
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.