Reading the tape
NYSE: SPG
Simon Property Group, Inc.
Real Estate · REIT - Retail
Market Cap
$65.66B
52w High
$208.28
52w Low
$155.44
P/E
14.28
Volume
1.08M
Outstanding Shares
324.84M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 23.99%Revenue (TTM): 6.72%FCF (TTM): 5.76%P/FCF: 77th pct
What changed
The stock rose 23.99% over the last year. Revenue grew 6.72% over the trailing twelve months. Operating margin moved from 51.86% to 49.89%. Free cash flow grew 5.76% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 49.89%. A decisive move in revenue — currently up 6.72% — would be the clearest signal to resolve the ambiguity.
Company profile
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).
CEOEli Simon
SectorReal Estate
IndustryREIT - Retail
Employees3,600
IPO dateDec 14, 1993
Valuation
Forward P/E—
EV/EBITDA11.29
Enterprise value$88.71B
Price / Book12.61
Stock splits
May 29, 2014↑ Forward
Every 1000 shares became 1063
Feb 10, 2009↑ Forward
Every 1000 shares became 1023
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth13.22%
Gross margin85.72%▲3.89%vs FY2024
Operating margin49.89%▼3.79%vs FY2024
ROE88.61%▲9.95%vs FY2024
Analyst consensus
RatingHold
Target price$197.00▼2.53%
16
Buy
19
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 11, 2026
Q2 FY26 · EPS est $1.49 · Revenue est $1.54B
View
Dividends
$8.65/shareQuarterly4yr growth streakAdequateSPG pays a dividend with a 4.28% dividend yield, 4 consecutive years of growth, growing at 7.34% annually, covered 1.3× by free cash flow.
Dividend Yield
4.28%
Annual Div / Share
$8.65
5yr CAGR
+7.34%
Doubles every ~9.8yr
FCF Coverage
1.3×
Adequate
Dividend Growth Rate
3yr CAGR
+7.41%
5yr CAGR
+7.34%
10yr CAGR
+3.52%
Dividend Safety
5/10Adequate
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$8.55+5.6%
2024$8.10+8.7%
2023$7.45+8.0%
2022$6.90+17.9%
2021$5.85-2.5%
2020$6.00-27.7%
2019$8.30+5.1%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$43/yr
$4/mo
In 5 yrs
$61/yr+42%
$5/mo
In 10 yrs
$87/yr+103%
$7/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$43/yr $4/mo | $61/yr+42% $5/mo | $87/yr+103% $7/mo |
Yield-on-cost grows from 4.28% → 8.69% over 10yr
Analysis
Dividend Strengths
Strong dividend growth rate
The 5-year CAGR of 7.34% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.