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Simon Property Group Inc
Simon Property Group Inc (SPG) is listed on NYSE and classified in REIT - Retail, part of the Real Estate sector. It is headquartered in Indianapolis, United States and has 3,100 employees. The company is worth $80.5B and trades at 14.5x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $6.36B in fiscal 2025, up 6.7% from the year before. Net income was $5.36B. The share price is 11.1% below its 52-week high of $238.50. It pays a dividend yielding 4.20%. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $88M. In that quarter, 1 of them opened or added to the position and 3 reduced it. Over the last 30 days, company insiders bought $460.72K of its stock on the open market and sold none.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +34.4% over 5Y.
today you would have $1,828.16▲ +82.8%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $185.11 | $172.21 | $142.64 | $117.48 | $159.77 | $85.28 | $148.96 | $167.99 | $171.74 | $177.67 | $194.44 | $182.11 | $143.14 | $148.72 | $121.30 | $93.59 | $75.07 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 4.2% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 28.0 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.1x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 5.6% a year against a 10.7% required return, from the stock’s beta.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| AMTAmerican Tower Corp | $181.57 | 24.4x | 22.7x | 3.94% | 33.91% | $84.6B |
| EQIXEquinix Inc | $952.62 | 64.0x | 6.5x | 2.17% | 10.73% | $94B |
| DLRDigital Realty Trust Inc | $170.94 | 85.5x | 2.4x | 2.85% | 2.91% | $64.56B |
| PSAPublic Storage | $309.13 |
| $49.31 |
| $80.62 |
| P/E | 28.0x | 13.1x | 23.7x | 20.4x | 18.0x | 23.4x | 23.8x | 21.9x | 21.3x | 27.5x | 30.3x | 33.1x | 40.3x | 35.9x | 33.5x | 37.1x | 47.4x | 76.0x | 28.0x | 43.9x |
| P/S | 8.1x | 9.5x | 9.4x | 8.2x | 7.3x | 10.3x | 5.7x | 8.0x | — | — | — | 11.4x | 11.6x | 9.8x | 0.0x | 0.0x | 7.3x | — | 3.1x | — |
| P/B | 11.4x | 11.6x | 19.1x | 15.4x | 12.3x | 15.6x | 8.7x | 18.2x | — | — | — | 13.5x | 11.1x | 7.6x | 0.0x | 0.0x | 6.0x | — | 4.5x | — |
| EPS | $14.17 | $7.26 | $6.98 | $6.52 | $6.84 | $3.59 | $6.81 | $7.87 | $6.24 | $5.87 | $5.88 | $4.52 | $3.99 | $4.44 | $3.27 | $1.98 | $0.99 | $1.76 | $1.83 |
| Dividend yield | 3.87% | 4.62% | 4.70% | 5.22% | 5.87% | 3.66% | 7.04% | 5.57% | 4.70% | 4.16% | 3.66% | 3.11% | 2.74% | 3.06% | 2.59% | 2.71% | 2.61% | 2.15% | 6.78% | 3.87% |
| Payout | 110.59% | 60.34% | 111.57% | 106.73% | 105.83% | 85.53% | 167.13% | 121.88% | 100.38% | 114.58% | 110.73% | 102.89% | 110.59% | 109.67% | 86.86% | 100.57% | 123.81% | 163.64% | 189.94% | 170.00% |
| Profit margin | 40.40% | 84.28% | 45.76% | 46.25% | 46.35% | 50.20% | 27.72% | 42.10% | 49.99% | 40.61% | 39.28% | 40.63% | 33.91% | 34.15% | 40.40% | 28.93% | 19.04% | 10.26% | 15.85% | 17.51% |
| ROE | 47.85% | 102.99% | 92.76% | 86.57% | 78.14% | 76.42% | 42.02% | 95.91% | 85.61% | 60.90% | 49.52% | 47.85% | 32.43% | 26.53% | 29.09% | 26.80% | 15.60% | 8.69% | 22.94% | 18.72% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
+0.1% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 28.5x |
| 11.2x |
| 3.88% |
| 21.93% |
| $57.76B |
| ORealty Income Corp | $57.06 | 41.3x | 1.4x | 5.71% | 3.23% | $53.99B |
| PLDPrologis, Inc. | $126.66 | 28.3x | 2.2x | 3.38% | 7.71% | $123.13B |