Stocks · Real Estate · REIT - Retail
Simon Property Group, Inc. SPG
$201.40 +0.22% Close, Oct 5, 2026 · NYSE · Market cap $65.16B
Strong growthHigh quality
Next earnings report: Nov 2, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $14.14, up 118.5% year over year.
- The shares trade at 14.2× trailing earnings, lower than 90% of the company's own readings over the past five years.
- Net debt is 3.6× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
Growth91Exceptional
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 28%
- EPS growth (TTM, YoY)Top 13%
- FCF growth (TTM, YoY)Top 41%
- Revenue growth, 3-year CAGRTop 44%
- Revenue growth accelerationTop 18%
Quality84Strong
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 21%
- Gross marginTop 8%
- Operating marginTop 20%
- Cash conversion (OCF / net income)Bottom 23%
- Accruals (lower is better)Bottom 10%
- Net debt / EBITDA (lower is better)Top 17%
- Interest coverTop 18%
Value72Positive
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 17%
- Free-cash-flow yieldBottom 46%
- EBITDA / enterprise valueTop 25%
- Sales / enterprise valueBottom 20%
- P/E vs own 5-year history (lower is better)Top 25%
Momentum78Positive
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 25%
- 6-month returnTop 27%
- 1-year return vs S&P 500Top 22%
- Distance from 52-week highTop 26%
- Trend checklist (0–4)Top 39%
Revisions29Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 14%
- Consecutive EPS beatsBottom 18%
- Share of analysts rating BuyBottom 41%
- Upside to consensus price targetBottom 11%
Stability77Positive
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 11%
- Maximum drawdown, 3 yearsTop 19%
- Beta vs S&P 500 (lower is better)Bottom 23%
- Net debt / EBITDA (lower is better)Top 17%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 10.9% | 15.0% | ↑ |
| EPS growth (YoY) | 128.5% | 118.5% | ↓ |
| Gross margin | 83.1% | 84.6% | ↑ |
| Operating margin | 51.0% | 47.4% | ↓ |
| FCF margin | 52.1% | 46.8% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 15.0% | 10.9% | ↑ | Top 28% |
| EPS growth (TTM, YoY) | 118.5% | 128.5% | ↓ | Top 13% |
| Gross margin | 84.6% | 83.1% | ↑ | Top 8% |
| Operating margin | 47.4% | 51.0% | ↓ | Top 20% |
| Net margin | 66.4% | 35.1% | ↑ | — |
| Free-cash-flow margin | 46.8% | 52.1% | ↓ | — |
| Return on invested capital | 8.7% | — | Top 21% | |
| Revenue growth, 3-year CAGR | 6.3% | — | Top 44% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.90×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 1.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -1.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 3.65×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 3.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.49%
- Net buyback yield (TTM)
- 0.89%
- Shareholder yield
- 4.37%
- Share count change, 1 year
- -1.0%
- Share count change, 3-year CAGR
- -0.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 10, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +94.7%
- Average 2-day reaction, last 8
- +0.6%
- Positive 20 days after report
- 6 of 8
Analysts
- Consensus price target
- $222.90
- Target vs current price
- +10.7%
- Analysts with a rating
- 38
- Share rating Buy or Strong Buy
- 42%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 10, 2026 | -9.1% | -1.1% | -1.5% | -6.0% | — |
| May 11, 2026 | +1.4% | -0.6% | -1.0% | +2.6% | +11.2% |
| Feb 2, 2026 | +392.1% | -0.0% | +4.3% | +6.2% | +6.0% |
| Nov 3, 2025 | -5.6% | +0.5% | +4.5% | +5.3% | +8.0% |
| Aug 4, 2025 | +6.2% | +2.0% | +2.6% | +12.4% | +11.9% |
| May 12, 2025 | -6.6% | +5.1% | +1.2% | -1.7% | +2.7% |
| Feb 4, 2025 | +3.0% | -0.0% | +4.1% | +5.9% | -9.2% |
| Nov 1, 2024 | +80.9% | -0.8% | +3.9% | +8.6% | +3.9% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 10, 2026 | $1.49 | $1.64 | -9.1% | $1.66B |
| May 11, 2026 | $1.48 | $1.46 | +1.4% | $1.76B |
| Feb 2, 2026 | $9.35 | $1.90 | +392.1% | $1.79B |
| Nov 3, 2025 | $1.86 | $1.97 | -5.6% | $1.60B |
| Aug 4, 2025 | $1.70 | $1.60 | +6.2% | $1.50B |
| May 12, 2025 | $1.27 | $1.36 | -6.6% | $1.47B |
| Feb 4, 2025 | $2.04 | $1.98 | +3.0% | $1.58B |
| Nov 1, 2024 | $2.84 | $1.57 | +80.9% | $1.48B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 14.2× | 18.8× | 10th | Top 17% |
| P/E (forward) | 30.2× | — | — | — |
| EV / EBITDA | 12.0× | — | — | Top 25% |
| EV / Sales | 13.48× | — | — | Bottom 20% |
| Free-cash-flow yield | 4.99% | — | — | Bottom 46% |
| Earnings yield | 7.02% | — | — | Top 17% |
P/E over the past five years
Range 14.0× – 28.1× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +8.9%
- Earnings per share growth (TTM)
- +118.5%
- Change in P/E multiple
- -39.3%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -3.7%
- 200-day average slope (20 days)
- +1.1%
- Distance from 50-day average
- -6.1%
- Distance from 200-day average
- -1.2%
- RSI (14)
- 31.7
- Relative volume
- 0.82×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 16.2%
- Volatility vs own 5-year history
- 3th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.79
- Correlation with S&P 500
- 0.55
- Current drawdown from 1-year high
- -14.9%
- Maximum drawdown, 3 years
- -25.2%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 5, 2021 | Sep 26, 2022 | -48.8% | 222 days | 514 days (Oct 11, 2024) |
| Mar 3, 2025 | Apr 8, 2025 | -25.3% | 26 days | 180 days (Dec 24, 2025) |
| Jul 28, 2026 | Sep 30, 2026 | -15.2% | 45 days | Not yet recovered |
| Oct 7, 2020 | Oct 28, 2020 | -14.5% | 15 days | 8 days (Nov 9, 2020) |
| Jun 8, 2021 | Jul 19, 2021 | -13.7% | 28 days | 32 days (Sep 1, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $65.16B
- P/E (TTM)
- 14.2
- EPS, diluted (TTM)
- $14.14
- Revenue (TTM)
- $6.94B
- Dividend yield
- 4.42%
- 52-week range
- $172.19 – $238.50
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $5.12B | $5.29B | $5.66B | $5.96B | $6.36B |
| Gross profit | $4.15B | $4.29B | $4.63B | $4.92B | $5.46B |
| Operating income | $2.41B | $2.58B | $2.81B | $3.09B | $3.18B |
| Net income | $2.25B | $2.14B | $2.28B | $2.37B | $4.61B |
| EPS (diluted) | $6.84 | $6.52 | $6.98 | $7.26 | $14.14 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.48B | $1.58B | $1.47B | $1.50B | $1.60B | $1.79B | $1.76B | $1.79B |
| Net income | $476.0M | $668.1M | $414.5M | $557.0M | $594.4M | $3.05B | $480.4M | $484.0M |
| EPS (diluted) | $1.46 | $2.04 | $1.27 | $1.70 | $1.82 | $9.35 | $1.48 | $1.49 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $3.64B | $3.77B | $3.93B | $3.81B | $4.48B |
| Capital expenditure | -$527.9M | -$650.0M | -$793.3M | -$755.6M | -$912.3M |
| Free cash flow | $3.11B | $3.12B | $3.14B | $3.06B | $3.57B |
| Dividends paid | -$337.0M | -$326.6M | -$2.44B | -$2.65B | -$2.79B |
| Net share buybacks | -$2.3M | -$515.9M | -$518.3M | -$10.6M | -$227.2M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.02B
- Total assets
- $39.71B
- Total liabilities
- $34.13B
- Total debt
- $29.43B
- Net debt
- $28.41B
- Shareholders’ equity
- $4.43B
As of Jun 30, 2026 (filed Aug 10, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 9, 2026 | $2.25 | Sep 30, 2026 |
| Jun 9, 2026 | $2.25 | Jun 30, 2026 |
| Mar 10, 2026 | $2.20 | Mar 31, 2026 |
| Dec 10, 2025 | $2.20 | Dec 31, 2025 |
| Sep 9, 2025 | $2.15 | Sep 30, 2025 |
| Jun 9, 2025 | $2.10 | Jun 30, 2025 |
| Mar 10, 2025 | $2.10 | Mar 31, 2025 |
| Dec 9, 2024 | $2.10 | Dec 30, 2024 |
Short interest
- Shares sold short
- 9,858,955
- Days to cover
- 8.22
- Change vs previous report
- +3.5%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- May 29, 2014
- 1,063-for-1,000
- Feb 10, 2009
- 1,023-for-1,000