About Simon Property Group, Inc.
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries. We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. At December 31, 2024, we owned or had an interest in 229 properties comprising 183 million square feet in North America, Asia and Europe. We also owned an 88% interest in The Taubman Realty Group, or TRG, which owns 22 regional, super-regional, and outlet malls in the U.S. and Asia. Additionally, at December 31, 2024, we had a 22.4% ownership interest in Klepierre, a publicly traded, Paris-based real estate company, which owns shopping centers in 14 European countries. Simon Property Group, Inc. was incorporated in 1960 and is based in Indianapolis, Indiana.
Simon Property Group, Inc. (SPG) is a Real Estate company in the REIT - Retail industry with a market capitalisation of $77.8B. The stock trades at 14.46x trailing earnings and yields 4.35%.
- Sector
- Real Estate
- Industry
- REIT - Retail
- Market cap
- $77.8B
- P/E ratio
- 14.46
- Forward P/E
- 30.14
- EPS (TTM)
- $14.17
- Revenue (TTM)
- $6.9B
- Free cash flow
- $2.6B
- Profit margin
- 66.6%
- Dividend yield
- 4.35%
- Beta
- 1.31
- Shares outstanding
- 323.6M
Financial health: Fair6.9/10
5 strengths, 2 concerns. Weakest points: earnings growth, peg ratio.
- Return on equity: 120.5% (Strong, benchmark > 15%) — Earns 120.5% on shareholder equity, comfortably past the > 15% mark.
- Gross margin: 81.4% (Strong, benchmark > 40%) — Keeps 81.4% of revenue after the direct cost of sales, comfortably past the > 40% mark.
- Net margin: 66.6% (Strong, benchmark > 10%) — Turns 66.6% of revenue into profit, comfortably past the > 10% mark.
- Free cash flow: $3.2B (Strong, benchmark positive) — Generated $3.2B of free cash flow after capital spending. It has been broadly flat over the last 4 years.
- Revenue growth: 19.5% (Strong, benchmark > 10%) — Revenue changed 19.5% year on year, comfortably past the > 10% mark.
- Earnings growth: -12.5% (Concern, benchmark > 10%) — Earnings changed -12.5% year on year, well short of the > 10% mark.
- PEG ratio: 4.58 (Concern, benchmark < 1) — At 4.58, the price looks expensive relative to expected growth — Lynch treated 1.0 as fair value.
- Payout ratio: 62.1% (Watch, benchmark < 60%) — Pays out 62.1% of earnings as dividends — above the level usually considered sustainable.