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Simon Property Group Inc.

SPG US · Real Estate · USD

Wiki entry last updated Aug 10, 2026

Current price$204.98as of Sep 22, 2026

Summary

CFRA rating	HOLD
Consensus target	$235.00 (+14.6%)

Analyst consensus

Strong Buy 1Buy 5Hold 1418 analysts

3-year price (USD)

111.68 → 204.98 (+83.5% over the period)

Factor profile

Multi-factor score 60 / 100

Market data

P/E (trailing)	14.47
P/E (forward)	30.16
Dividend yield	4.33%
Beta	1.31
52-week high	$238.50
52-week low	$172.19

Business description

Largest owner of premium regional malls and outlet centers in the U.S. and internationally. The portfolio consists of Class A mall assets, primarily targeting luxury and high-end retail.

Competitive moat

Dominant "best-of-breed" position in Class A retail real estate. High barriers to entry for premium mall developments. Strategic ability to reposition former anchor spaces into high-yield mixed-use developments (residential, retail, office).

Recent developments

Strategic Consolidation: Acquired the remaining interest in The Taubman Realty Group (TRG) in Q4 2025, further consolidating its grip on the premium mall segment.
Asset Transformation: Successfully pivoting toward open-air and mixed-use retail to mitigate the structural decline of enclosed malls.
Financial Health: Maintaining strong liquidity ($8.7B at end of Q1 2026) and a healthy fixed charge coverage of 4.6x, though refinancing debt at higher base rates is a headwind.

Investment risks / red flags

Structural Decline: Long-term risk of the enclosed mall format due to e-commerce growth and evolving consumer shopping habits.
Macro Sensitivity: Vulnerable to rapid pullbacks in consumer spending, higher-than-anticipated interest rates, and import tariffs.

Financials

Revenue	$6.94B	Revenue growth	19.50%
Earnings growth	-12.50%	EBITDA	$5.13B
Gross margin	81.43%	Operating margin	46.02%
Profit margin	66.57%	Revenue / share	$21.33
Return on equity	120.51%	Return on assets	5.63%
Operating cash flow	$4.12B	Free cash flow	$2.60B
Total cash	$1.02B	Total debt	$29.44B
Debt / equity	503.50	Current ratio	0.27

Back to Companies

Simon Property Group Inc.

SPG US Website

Last updated: Aug 10, 2026

Real Estate

Current price: $204.98 · Sep 22, 2026· USD

CFRA Ratinghold

TBI Multi Score60

Full graph →

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Factor Profile (Spider Chart)

TBI Model

Price Chart (TradingView)

Symbol: SPG

Business description

Largest owner of premium regional malls and outlet centers in the U.S. and internationally. The portfolio consists of Class A mall assets, primarily targeting luxury and high-end retail.

Competitive moat

Recent developments

Strategic Consolidation: Acquired the remaining interest in The Taubman Realty Group (TRG) in Q4 2025, further consolidating its grip on the premium mall segment.
Asset Transformation: Successfully pivoting toward open-air and mixed-use retail to mitigate the structural decline of enclosed malls.
Financial Health: Maintaining strong liquidity ($8.7B at end of Q1 2026) and a healthy fixed charge coverage of 4.6x, though refinancing debt at higher base rates is a headwind.

Investment risks / red flags

Structural Decline: Long-term risk of the enclosed mall format due to e-commerce growth and evolving consumer shopping habits.
Macro Sensitivity: Vulnerable to rapid pullbacks in consumer spending, higher-than-anticipated interest rates, and import tariffs.

Market Data

Source: mkts.io · Sep 22, 2026, 00:00 UTC

Key Metrics

P/E (TTM)14.47

P/E (Fwd)30.16

Dividend4.33%

Beta1.31

52W High$238.50

52W Low$172.19

Analyst Consensus

Buy

Strong Buy1Buy5Hold1418 analysts

Consensus Target$235.00

+14.6% upside

Calendar Events

Next EarningsNov 2, 2026

Ex-DividendSep 9, 2026

Dividend DateSep 30, 2026

Financials

Revenue$6.94B

Rev Growth19.50%

Earnings Growth-12.50%

Gross Margin81.43%

Op Margin46.02%

Profit Margin66.57%

EBITDA$5.13B

ROA5.63%

ROE120.51%

Rev/Share$21.33

Total Cash$1.02B

Total Debt$29.44B

D/E Ratio503.50

Free Cash Flow$2.60B

Op Cash Flow$4.12B

Current Ratio0.27

Forward Estimates

Period	EPS Est	Rev Est
0q	1.63	$1.65B
+1q	1.88	$1.73B
0y	5.85	$6.67B
+1y	6.80	$6.92B

Earnings

Quarterly EPS

3Q2025

Est: 1.681.60Miss

4Q2025

Est: 1.971.04Miss

1Q2026

Est: 1.491.22Miss

2Q2026

Est: 1.571.73Beat

Annual

2022

Rev $5.29BEarn $2.14B

2023

Rev $5.66BEarn $2.28B

2024

Rev $5.39BEarn $2.37B

2025

Rev $5.84BEarn $4.62B

Rating Changes

10 total

Date	Firm	Action	To
Sep 21, 2026	Evercore ISI Group	main	In-Line
Sep 17, 2026	Scotiabank	main	Sector Perform
Sep 14, 2026	Evercore ISI Group	main	In-Line
Aug 27, 2026	Mizuho	main	Neutral
Aug 20, 2026	Scotiabank	main	Sector Perform
Aug 17, 2026	Citigroup	main	Neutral