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Simon Property GroupSPG

Retail REITs · Indianapolis, Indiana · In the S&P 500
High qualityCheaper than peers
$217.75+0.94%After hours: $218.78 (+0.47%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 25.4% over 1 year
Simon Property Group over 1 yearDaily close, $, to 30 Oct 2026
$180$200Nov2026MarMayJulSep$217.75$175$200$225NovMarJul$217.75
Source: Nasdaq daily closes
Market value$70.45B
Price to earnings15.4x
Forward P/E31.4x
Dividend yield4.09%
Year to date+17.6%
One year+25.4%
Next earningsThu 5 Nov, after the close
SectorReal Estate
52-week range (closes)
$173.35$236.70

Quality and valuation

How Simon Property Group compares with other real estate stocks. A description, not a recommendation.

Simon Property Group and 4 retail reits peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: stronger than mostValuation: cheaper than most

A stronger business than most real estate companies, priced below most of them.

Simon Property Group trades at 31.4 times the next 12 months of expected earnings, against a median of 35.1x for the 30 real estate stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +15.0% vs +5.5%
  • More profitable (operating margin): 47.4% vs 37.2%
  • Turns more of its sales into cash: 46.4% vs 36.0%
SPG trades at 31.4x forward earnings, below the sector medianForward p/e, Retail REITs peers
KIM28.4xREG29.8xSPG31.4xO34.7xFRT35.1xSector median 35.1xKIM28.4xREG29.8xSPG31.4xO34.7xFRT35.1xSector median 35.1x
Source: CNBC quotes; Mostly Markets
At 15.4x earnings, SPG is cheaper than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
20x25xAverage 21.6x2025202615.4x20xAverage 21.6x2025202615.4x
Source: Nasdaq prices; SEC filings

Financials

From Simon Property Group's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 19.5% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0.0bn$0.5bn$1.0bn$1.5bnQ3 ’24Q1 ’25Q3 ’25$1.8bnQ2 ’26$0bn$1bnQ3 ’24Q1 ’25Q3 ’25$1.8bnQ2 ’26
Source: SEC filings
Growth sped up to +19.5% last quarterRevenue growth, year on year, %
0%5%10%15%Q3 ’24Q1 ’25Q3 ’2519.5%Q2 ’260%10%Q3 ’24Q1 ’25Q3 ’2519.5%Q2 ’26
Source: SEC filings
Operating margin was 46.0% last quarterOperating income as a share of revenue, %
0%20%40%Q3 ’24Q1 ’25Q3 ’2546.0%Q2 ’260%20%40%Q3 ’24Q1 ’25Q3 ’2546.0%Q2 ’26
Source: SEC filings
Free cash flow was $3.2 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$250m$500m$750mQ3 ’24Q1 ’25Q3 ’25$959mQ2 ’26$0m$500mQ3 ’24Q1 ’25Q3 ’25$959mQ2 ’26
Source: SEC filings
Last 12 monthsSPGSector median
Revenue growth+15.0%+5.5%
Operating margin47.4%37.2%
Free cash flow margin46.4%36.0%
Price to earnings15.4x30.3x

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Similar companies

Retail REITs, by market value.

CompanyPriceTodayYTDValue
ORealty Income$56.930.00%+1.0%$53.87B
KIMKimco Realty$24.52+0.41%+21.0%$16.45B
REGRegency Centers$74.59−0.52%+8.1%$13.66B
FRTFederal Realty Investment Trust$110.19−1.12%+9.3%$9.57B