Simon Property Group | REIT Profile
Symbol: SPG
CIK: 1063761
Exchange: NYSE
Preferred Stock: SPG-J
Founded: 1993 (32 years)
HQ: Indianapolis, IN, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Retail
See SPG on Yahoo Finance
See SPG on SEC.gov
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Simon 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.
Stock Chart
REITMovers
REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.
| Latest Price | High | Low | Open | Previous Close | Volume | Change $ | Change % |
|---|---|---|---|---|---|---|---|
| $156.80 | $158.47 | $155.30 | $157.18 | $158.51 | 1,284,389 | -$1.71 | -1.08% |
Last update: 2025-04-30 13:00:17 PST
REITRating™ Trend
REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.
Dividend of Trading Day 2025-04-29
Annualized Dividend: $8.4*
Dividend Yield (TTM): 5.3%
Annualized Dividend (TTM): $8.25
Ex-Dividend Date: 2025-03-10
Dividend Date: 2025-03-31
Dividend Frequency: Quarterly
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.
Latest REIT Press Releases
- Simon Property Group Announces Retirement of Allan B. Hubbard - Thu, 20 Mar 2025 20:11:35 UTC
- Simon Property Group Announces Retirement of Herbert Simon - Thu, 06 Feb 2025 21:11:51 UTC
- Simon Property Group Announces Reporting Information For 2024 Distributions - Tue, 21 Jan 2025 11:56:36 UTC
- Simon: Your One-Stop Shop for the Holidays - Fri, 29 Nov 2024 13:01:41 UTC
- Simon Property Group Sells $1.0 Billion of Senior Notes - Mon, 23 Sep 2024 20:39:50 UTC
Funds From Operations (FFO)
FFO Amount and Payout Ratio
Below are the FFO amounts, dividends, and payout ratios for the last two quarters for SPG.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio |
|---|---|---|---|---|---|
| 2024 | Q4 | FFO | $--- | $--- | ---% |
| 2024 | Q3 | FFO | $--- | $--- | ---% |
REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.
Key Stats of Trading Day 2025-04-29
EBITDA: $4,423,503,000
P/E Ratio: 21.86
PEG Ratio: 4.54
Book Value: 8.89
Dividend Per Share: $8.10
EPS: 7.25
Revenue Per Share TTM: $18.29
ProfitMargin: 39.80%
Operating Margin TTM: 52.80%
Return on Equity TTM: 74.90%
Revenue TTM: $5,963,798,000
Gross Profit TTM: $4,920,384,000
Diluted EPS TTM: $7.25
Quarterly Earnings Growth YOY: -11.10%
Quarterly Revenue Growth YOY: 3.60%
Trailing P/E: 21.86
Forward P/E: 26.53
Beta: 1.48
Price to Book Ratio: 17.62
EV to Revenue: 12.50
EV to EBITDA: 14.85x
Shares Outstanding: 326,243,000
52 Week High: $187.80
52 Week Low: $132.53
50 Day Moving Average: $165.47
200 Day Moving Average: $168.55
Properties Owned by SPG
Sample of REIT’s Properties. Image Source - REIT’s website
Occupancy Rate
REIT Simulation
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $146.51 per share you would have been able to buy 6 shares of SPG on 2024-04-30 costing $879.06 | @ $146.51 per share you would have been able to buy 3 shares of SPG on 2024-04-30 costing $439.53 | @ $146.51 per share you would have been able to buy 1 shares of SPG on 2024-04-30 costing $146.51 | @ $146.51 per share you would have been able to buy 0 shares of SPG on 2024-04-30 costing $0.00 | @ $146.51 per share you would have been able to buy 0 shares of SPG on 2024-04-30 costing $0.00 |
| Current worth | On 2024-07-05 these 6 shares would be worth $876.54 @ $146.09 | On 2024-07-05 these 3 shares would be worth $438.27 @ $146.09 | On 2024-07-05 these 1 shares would be worth $146.09 @ $146.09 | On 2024-07-05 these 0 shares would be worth $0.00 @ $146.09 | On 2024-07-05 these 0 shares would be worth $0.00 @ $146.09 |
| Dividends earned | $49.50 in dividends would have been earned since 2024-04-30 with 6 shares. | $25 in dividends would have been earned since 2024-04-30 with 3 shares. | $8.25 in dividends would have been earned since 2024-04-30 with 1 shares. | $0.00 in dividends would have been earned since 2024-04-30 with 0 shares. | $0.00 in dividends would have been earned since 2024-04-30 with 3 shares. |
| Net (gain / loss)* | 46.98 USD | 23.49 USD | 7.83 USD | 0.00 USD | 0.00 USD |
| ROI** | 5.34% | 5.34% | 5.34% | nan% | nan% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.
Dividend History
Below are the most recent cash dividends paid by SPG. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| SPG | 2025-03-10 | 2.100 | --- | 2025-02-04 | 2025-03-10 | 2025-03-31 |
| SPG | 2024-12-09 | 2.100 | 2.44% | 2024-11-01 | 2024-12-09 | 2024-12-30 |
| SPG | 2024-09-09 | 2.050 | 2.50% | 2024-08-05 | 2024-09-09 | 2024-09-30 |
| SPG | 2024-06-07 | 2.000 | 2.56% | 2024-05-06 | 2024-06-07 | 2024-06-28 |
| SPG | 2024-03-07 | 1.950 | 2.63% | 2024-02-05 | 2024-03-08 | 2024-03-29 |
| SPG | 2023-12-07 | 1.900 | --- | 2023-10-30 | 2023-12-08 | 2023-12-29 |
| SPG | 2023-09-07 | 1.900 | 2.70% | 2023-08-02 | 2023-09-08 | 2023-09-29 |
| SPG | 2023-06-08 | 1.850 | 2.78% | 2023-05-02 | 2023-06-09 | 2023-06-30 |
| SPG | 2023-03-09 | 1.800 | --- | 2023-02-06 | 2023-03-10 | 2023-03-31 |
| SPG | 2022-12-08 | 1.800 | 2.86% | 2022-11-01 | 2022-12-09 | 2022-12-30 |
| SPG | 2022-09-08 | 1.750 | 2.94% | 2022-08-01 | 2022-09-09 | 2022-09-30 |
| SPG | 2022-06-08 | 1.700 | 3.03% | 2022-05-09 | 2022-06-09 | 2022-06-30 |
| SPG | 2022-03-09 | 1.650 | --- | 2022-02-07 | 2022-03-10 | 2022-03-31 |
| SPG | 2021-12-09 | 1.650 | 10.00% | 2021-11-01 | 2021-12-10 | 2021-12-31 |
| SPG | 2021-09-08 | 1.500 | 7.14% | 2021-08-02 | 2021-09-09 | 2021-09-30 |
| SPG | 2021-07-01 | 1.400 | 7.69% | 2021-06-21 | 2021-07-02 | 2021-07-23 |
| SPG | 2021-04-08 | 1.300 | --- | 2021-03-30 | 2021-04-09 | 2021-04-23 |
| SPG | 2020-12-23 | 1.300 | --- | 2020-12-15 | 2020-12-24 | 2021-01-22 |
| SPG | 2020-10-08 | 1.300 | --- | 2020-09-29 | 2020-10-09 | 2020-10-23 |
| SPG | 2020-07-09 | 1.300 | -38.10% | 2020-06-29 | 2020-07-10 | 2020-07-24 |
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
| Assets | 2024-12-31 | 2024-09-30 | QoQ |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents at Carrying Value | 1,400,345,000 | 2,170,102,000 | |
| Short-Term Investments | 632,355,000 | 300,000,000 | |
| Cash and Short Term Investments | 1,400,345,000 | 2,170,102,000 | |
| Current Net Receivables | 0 | 0 | |
| Inventory | 0 | 2,470,102,000 | |
| Other Current Assets | 0 | -2,470,102,000 | |
| Total Current Assets | 2,828,945,000 | 3,237,858,000 | -12.6% |
| Non-Current Assets | |||
| Property Plant Equipment | 0 | 0 | |
| Accumulated Depreciation Amortization PPE | 0 | 0 | |
| Long-Term Investments | 7,756,658,000 | 6,961,886,000 | |
| Investments | 0 | 0 | |
| Intangible Assets Excluding Goodwill | 2,746,000 | 1,619,747,000 | |
| Goodwill | 20,098,000 | 0 | |
| Intangible Assets | 2,746,000 | 1,619,747,000 | |
| Other Non-Current Assets | 0 | 0 | |
| Total Non-Current Assets | 29,576,746,000 | 2,141,133,000 | 1,281.4% |
| Total Assets | 32,405,691,000 | 33,275,918,000 | -2.6% |
| Liabilities | |||
| Current Liabilities | |||
| Current Accounts Payable | 0 | 0 | |
| Deferred Revenue | 0 | 0 | |
| Current Debt | 0 | 0 | |
| Short-Term Debt | 0 | 0 | |
| Current Long-Term Debt | 0 | 0 | |
| Short Long-Term Debt Total | 24,784,778,000 | 25,417,558,000 | |
| Other Current Liabilities | 1,682,841,000 | 1,736,004,000 | |
| Total Current Liabilities | 3,395,306,000 | 3,355,751,000 | 1.2% |
| Non-Current Liabilities | |||
| Long-Term Debt Noncurrent | 0 | 0 | |
| Long-Term Debt | 24,205,430,000 | 25,417,558,000 | |
| Capital Lease Obligations | 579,348,000 | 522,091,000 | |
| Other Non-Current Liabilities | 626,155,000 | 658,282,000 | |
| Total Non-Current Liabilities | 25,410,933,000 | 26,597,931,000 | |
| Total Liabilities | 28,806,239,000 | 29,953,682,000 | -3.8% |
| Shareholders' Equity | |||
| Common Stock | 33,000 | 33,000 | |
| Common Stock Shares Outstanding | 326,278,000 | 326,158,000 | |
| Treasury Stock | 0 | 0 | |
| Retained Earnings | -6,382,515,000 | -6,358,449,000 | |
| Total Shareholder Equity | 2,941,925,000 | 2,713,136,000 | 8.4% |
Amounts in USD ($)
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement