SIMON PROPERTY GROUP INC.
Business
Simon Property Group, Inc. is a self-administered and self-managed REIT that owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, consisting primarily of malls, Premium Outlets, and The Mills. The company owns or holds interests in a large portfolio of income-producing properties in the United States and internationally across Asia, Europe and Canada. The company also holds a significant equity stake in Klépierre SA, a Paris-based shopping center owner, and maintains investments in retail operations, e-commerce ventures, and real estate investment management companies.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Lease income | 5,839 | 5,390 | 5,164 | 4,905 | 4,737 | |
| Management fees and other revenues | 144 | 133 | 126 | 117 | 106 | |
| Other income | 381 | 441 | 369 | 269 | 274 | |
| Total revenue | 6,365 | 5,964 | 5,659 | 5,291 | 5,117 | |
| Property operating | 581 | 530 | 489 | 464 | 416 | |
| Depreciation and amortization | 1,426 | 1,265 | 1,262 | 1,227 | 1,263 | |
| Real estate taxes | 451 | 409 | 442 | 443 | 459 | |
| Repairs and maintenance | 120 | 105 | 97 | 94 | 96 | |
| Advertising and promotion | 156 | 145 | 127 | 108 | 114 | |
| Home and regional office costs | 252 | 223 | 208 | 185 | 185 | |
| General and administrative | 61 | 45 | 39 | 35 | 30 | |
| Other | 142 | 150 | 188 | 152 | 141 | |
| Total operating expenses | 3,189 | 2,871 | 2,852 | 2,708 | 2,704 | |
| OPERATING INCOME BEFORE OTHER ITEMS | 3,175 | 3,093 | 2,807 | 2,584 | 2,413 | |
| Interest expense | −975 | −906 | −855 | −761 | — | |
| (Loss) gain due to disposal, exchange, or revaluation of equity interests, net | −86 | 451 | 362 | 121 | 179 | |
| Income and other tax expense | −36 | −23 | −82 | −84 | −157 | |
| Income from unconsolidated entities | 504 | 207 | 376 | 648 | 783 | |
| Unrealized gains (losses) in fair value of publicly traded equity instruments and derivative instrument, net | −106 | −17 | 12 | — | — | |
| Gain (loss) on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net | 2,887 | −76 | −3 | 6 | 207 | |
| CONSOLIDATED NET INCOME | 5,364 | 2,729 | 2,617 | 2,452 | 2,569 | |
| Net income (loss) attributable to noncontrolling interests | 737 | 358 | 334 | 313 | 319 | |
| Preferred dividends | 3 | 3 | 3 | 3 | 3 | |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | 4,624 | 2,368 | 2,280 | 2,136 | 2,246 | |
| Net income attributable to common stockholders - basic (in dollars per share) | 14.17 | 7.26 | 6.98 | 6.52 | 6.84 | |
| Net income attributable to common stockholders - diluted (in dollars per share) | 14.17 | 7.26 | 6.98 | 6.52 | 6.84 | |
| Unrealized (loss) gain on derivative hedge agreements | −31 | 16 | 18 | 55 | 51 | |
| Net loss (gain) reclassified from accumulated other comprehensive loss into earnings | 10 | −6 | −4 | −2 | −7 | |
| Currency translation adjustments | −53 | −34 | −27 | −28 | −39 | |
| Changes in available-for-sale securities and other | 3 | −923,000 | 2 | −2 | −1 | |
| Comprehensive income | 5,293 | 2,705 | 2,607 | 2,475 | 2,573 | |
| Comprehensive income attributable to noncontrolling interests | 723 | 354 | 332 | 316 | 320 | |
| Comprehensive income attributable to common stockholders | 4,569 | 2,351 | 2,275 | 2,160 | 2,253 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Investment properties, at cost | 50,946 | 40,242 | 39,285 | 38,327 | 37,932 | |
| Less - accumulated depreciation | 20,702 | 19,047 | 17,717 | 16,564 | 15,621 | |
| Investment properties, at cost, net | 30,245 | 21,195 | 21,568 | 21,763 | 22,311 | |
| Cash and cash equivalents | 823 | 1,400 | 1,169 | 622 | 534 | |
| Tenant receivables and accrued revenue, net | 934 | 797 | 826 | 824 | 920 | |
| Right-of-use assets, net | 756 | 520 | 484 | 497 | 504 | |
| Deferred costs and other assets | 1,981 | 1,370 | 1,118 | 1,159 | 1,121 | |
| Total assets | 40,606 | 32,406 | 34,283 | 33,011 | 33,777 | |
| Mortgages and unsecured indebtedness | 28,430 | 24,264 | 26,033 | 24,960 | 25,321 | |
| Accounts payable, accrued expenses, intangibles, and deferred revenues | 1,954 | 1,712 | 1,693 | 1,492 | 1,433 | |
| Cash distributions and losses in unconsolidated entities, at equity | 1,739 | 1,680 | 1,761 | 1,700 | 1,573 | |
| Dividend payable | 3 | 2 | 2 | 2 | 1 | |
| Lease liabilities | 757 | 520 | 485 | 498 | 507 | |
| Other liabilities | 1,018 | 626 | 622 | 536 | 541 | |
| Total liabilities | 33,901 | 28,806 | 30,596 | 29,187 | 29,377 | |
| Commitments and contingencies | — | — | — | — | — | |
| Limited partners' preferred interest in the Operating Partnership and noncontrolling redeemable interests | 233 | 185 | 196 | 212 | 548 | |
| Series J 83/8% cumulative redeemable preferred stock, 1,000,000 shares authorized, 796,948 issued and outstanding with a liquidation value of $39,847 | 40 | 41 | 41 | 41 | 42 | |
| Capital in excess of par value | 12,347 | 11,583 | 11,406 | 11,233 | 11,213 | |
| Accumulated deficit | −4,608 | −6,383 | −6,096 | −5,927 | −5,824 | |
| Accumulated other comprehensive loss | −251 | −193 | −173 | −165 | −185 | |
| Common stock held in treasury, at cost, 17,844,817 and 16,675,701 shares, respectively | −2,320 | −2,106 | −2,156 | −2,044 | −1,884 | |
| Total stockholders' equity | 5,208 | 2,942 | 3,023 | 3,139 | 3,361 | |
| Noncontrolling interests | 1,264 | 473 | 469 | 473 | 492 | |
| Total equity | 6,472 | 3,415 | 3,492 | 3,612 | 3,853 | |
| Total liabilities and equity | 40,606 | 32,406 | 34,283 | 33,011 | 33,777 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 1,554 | 1,360 | 1,334 | 1,292 | 1,326 | |
| Unrealized losses (gains) in fair value of publicly traded equity instruments and derivative instrument, net | 106 | 17 | −12 | 61 | 8 | |
| Straight-line lease (income) loss | −28 | 802,000 | 10 | 25 | 23 | |
| Distributions of income from unconsolidated entities | 446 | 363 | 459 | 562 | 437 | |
| Tenant receivables and accrued revenue, net | −60 | 36 | −12 | 63 | 265 | |
| Deferred costs and other assets | 15 | −236 | 24 | −105 | −78 | |
| Accounts payable, accrued expenses, intangibles, deferred revenues and other | 45 | 127 | 246 | 190 | 204 | |
| Net cash provided by operating activities | 4,137 | 3,815 | 3,931 | 3,767 | 3,637 | |
| Acquisitions | −1,114 | −56 | −66 | −203 | −257 | |
| Funding of loans to related parties | — | −111 | −15 | −133 | −16 | |
| Repayments of loans to related parties | 17 | 82 | 16 | 82 | 14 | |
| Capital expenditures, net | −934 | −756 | −793 | −650 | −528 | |
| Cash impact from the consolidation of properties | 105 | 46 | — | 21 | 6 | |
| Net proceeds from sale of assets | — | 55 | — | 60 | 3 | |
| Investments in unconsolidated entities | −62 | −113 | −84 | −236 | −57 | |
| Purchase of short-term investments | — | −600 | −1,000 | — | — | |
| Proceeds from redemption of short-term investments | — | 1,600 | — | — | — | |
| Purchase of equity instruments | −49 | −241 | −32 | −66 | −34 | |
| Proceeds from sale of equity instruments | 96 | 1,184 | 304 | 26 | 66 | |
| Insurance proceeds for property restoration | — | 5 | 7 | — | 7 | |
| Distributions of capital from unconsolidated entities and other | 341 | 313 | 299 | 473 | 243 | |
| Net cash (used in) provided by investing activities | −1,601 | 1,408 | −1,363 | −627 | −553 | |
| Proceeds from sales of common stock and other, net of transaction costs | −328,000 | −328,000 | −328,000 | −328,000 | −328,000 | |
| Purchase of shares related to stock grant recipients' tax withholdings | −14 | −11 | −6 | −7 | −2 | |
| Redemption of limited partner units | −7 | −42 | −14 | −2 | −2 | |
| Purchase of treasury stock | −227 | — | −141 | −180 | — | |
| Preferred unit redemptions | −5 | −8 | −3 | — | — | |
| Distributions to noncontrolling interest holders in properties | −23 | −21 | −42 | −28 | −5 | |
| Contributions from noncontrolling interest holders in properties | 7 | 10 | 10 | 30 | 21 | |
| Preferred distributions of the Operating Partnership | −1 | −2 | −2 | −2 | −2 | |
| Preferred dividends and distributions to stockholders | −2,793 | −2,645 | −2,439 | −2,264 | −2,352 | |
| Distributions to limited partners | −439 | −399 | −356 | −327 | −337 | |
| Proceeds from issuance of debt, net of transaction costs | 3,669 | 1,096 | 3,630 | 3,449 | 9,251 | |
| Repayments of debt | −3,278 | −2,969 | −2,659 | −3,722 | −10,077 | |
| Net cash used in financing activities | −3,113 | −4,992 | −2,020 | −3,052 | −3,562 | |
| (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | −577 | 231 | 547 | 88 | −478 |
Filings
Material Events
Insiders
Institutional Holders
Holdings (13F)
Portfolio as of 2016-09-30 · 1 positions
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $0 | 0.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| 0 | — | 0 | $0 | 0.0% |
Frequently asked questions
What is SIMON PROPERTY GROUP INC.'s CIK number?
SIMON PROPERTY GROUP INC.'s SEC CIK number is 0001063761 (1063761). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SIMON PROPERTY GROUP INC.'s SEC filings?
All of SIMON PROPERTY GROUP INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SIMON PROPERTY GROUP INC. last report earnings?
SIMON PROPERTY GROUP INC. (SPG) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-058646). This is SIMON PROPERTY GROUP INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is SIMON PROPERTY GROUP INC.'s most recent earnings 8-K?
SIMON PROPERTY GROUP INC.'s latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0001104659-26-058646. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SIMON PROPERTY GROUP INC.'s latest earnings 8-K →
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