Simon Property Group (SPG): financials, SEC filings and peers

Simon Property Group (SPG) is a retail reits company in the Real Estate sector of the S&P 500, headquartered in Indianapolis, Indiana.

It was founded in 2003 and joined the S&P 500 on June 26, 2002.

Its fiscal year ends in December.

In its SEC filings it is classified as “Real Estate Investment Trusts”.

Simon Property Group at a glance

Revenue (12 months): $7.2B
Revenue growth: +16.2%
Operating margin: 45.9%
Net income (12 months): $5.2B
Free cash flow (12 months): $3.4B
Cash: $570M
Debt: $28.4B
Diluted EPS (12 months): $13.86

Twelve months to September 30, 2026, from the 10-Q filed November 6, 2026.

Latest twelve months

Over the twelve months to September 30, 2026, Simon Property Group reported revenue of $7.2 billion, up 16.2% from a year earlier.

Its operating margin was 45.9%, down 4.8 percentage points from a year earlier: for every $100 of sales, about $46 was left as operating profit.

Net income was $5.2 billion (73.4% of revenue), 102.2% higher than a year earlier.

Operating cash flow was $4.3 billion and capital spending $950 million, leaving free cash flow of $3.4 billion (46.9% of revenue).

At the end of the period it held $570 million in cash and $28.4 billion in debt, a net debt position of $27.9 billion.

Five-year trend

Revenue went from $4.6 billion in fiscal 2020 to $6.4 billion in fiscal 2025, about 6.7% a year.
Revenue has grown for 5 fiscal years in a row.
Operating margin widened from 42.8% to 49.9% over the same years.
Free cash flow was positive in each of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$5.1B	$5.3B	$5.7B	$6.0B	$6.4B
Revenue growth	11.1%	3.4%	6.9%	5.4%	6.7%
Operating margin	47.2%	48.8%	49.6%	51.9%	49.9%
Net income	$2.6B	$2.5B	$2.6B	$2.7B	$5.4B
Free cash flow	$3.1B	$3.1B	$3.1B	$3.1B	$3.2B
Diluted EPS	$6.84	$6.52	$6.98	$7.26	$14.17

Fiscal years as reported in Simon Property Group’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

10-Q filed November 6, 2026 — quarterly report
8-K filed November 5, 2026 — Earnings results; Regulation FD disclosure
10-Q filed August 10, 2026 — quarterly report
8-K filed August 10, 2026 — Earnings results; Regulation FD disclosure
8-K/A filed May 15, 2026 — Executive or director change
8-K/A filed May 15, 2026 — Executive or director change
8-K filed May 15, 2026 — Shareholder vote results
8-K filed May 11, 2026 — Earnings results; Regulation FD disclosure

All Simon Property Group filings on SEC EDGAR

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Questions about Simon Property Group

Is Simon Property Group's revenue growing?

Yes. Revenue for the twelve months to September 30, 2026 was $7.2 billion, up 16.2% from a year earlier, according to its SEC filings.

Is Simon Property Group profitable?

Yes. It earned $5.2 billion in net income over the twelve months to September 30, 2026, a net margin of 73.4%.

Does Simon Property Group have more cash or more debt?

At September 30, 2026 it had $570 million in cash and $28.4 billion in debt, so more debt than cash.

When did Simon Property Group last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on November 6, 2026.

Which companies are similar to Simon Property Group?

In the S&P 500, Simon Property Group is grouped in Retail REITs within the Real Estate sector. Federal Realty Investment Trust (FRT), Kimco Realty (KIM), Realty Income (O), Regency Centers (REG) are in the same group.

Understand the numbers

Source: Simon Property Group’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.