Simon Property Group | REIT Profile

Symbol: SPG
CIK: 1063761
Exchange: NYSE
Preferred Stock: SPG-J
Founded: 1993 (29 years)
HQ: Indianapolis, IN, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Retail

See SPG on Google Finance
See SPG on Yahoo Finance
See SPG on SEC.gov

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Overall Score: 6.5

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 14, 2022


Open Price: $162.09
Closing Price: $155.7
Price Change: -7.29 (-4.473%)
Lowest Price: $152.48
Highest Price: $162.09

52-Week Low: $86.69
52-Week High: $169.33
52-Week Change: 79.33%

5 Day Price Change: -0.10%
1 Month Price Change: 7.87%
3 Month Price Change: 20.10%
6 Month Price Change: 31.56%
YTD Price Change: 2.02%
1 Year Price Change: 91.60%
2 Year Price Change: 25.61%
5 Year Price Change: 14.24%

Dividend of Trading Day January 14, 2022


Dividend Yield: 4.239%*
Annualized Dividend: $6.6*
Dividend Yield (TTM): 3.536%
Annualized Dividend (TTM): $5.7626
Ex-Dividend Date: 2021-12-09
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 14, 2022


Total Cash: $438,423,000
Current Debt: $3,424,979,000
Revenue: $4,922,079,000
Gross Profit: $4,922,079,000
Total Revenue: $4,922,079,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $4,183,807,000
Revenue Per Share: $15
Revenue Per Employee: $1,186,043
Employee: 2,018
Debt to Equity Ratio (D/E): 10.05
Profit Margin: 0.41%
Enterprise Value (EV): $78,706,282,457
Enterprise Value to Revenue (EV/R): 15.99
Price to Sales (P/S): 10.88
Price to Book (P/B): 16.05
Price/Earnings-to-Growth (PEG) Ratio: 0.43
P/E Ratio: 25.15
P/E High: 30.10
P/E Low: 22.09
Forward P/E Ratio: 26.70
Market Capitalization: $51,164,758,079
Beta: 1.31
Latest Volume: 2,539,683
Avg. Total Volume: 1,737,299
Avg. 10-Day Volume: 1,528,097
Avg. 30-Day Volume: 1,737,299
TTM EPS: 6.19
Shares Outstanding: 328,611,163
Float: N/A
50-Day Moving Avg.: $155.82
200-Day Moving Avg.: $140.84

Latest REIT Community Comments on #SPG


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Properties Owned by SPG


Properties Based on REIT's Official Presentation

Properties Types States Countries
234 1 38 8

Please visit REIT’s official webpage for the most up-to-date property list.

SPG Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website


Properties Based on Earnings Report's 10-K

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $146.51 per share you would have been able to buy 6 shares of SPG on 2021-01-16 costing $879.06 @ $146.51 per share you would have been able to buy 3 shares of SPG on 2021-01-16 costing $439.53 @ $146.51 per share you would have been able to buy 1 shares of SPG on 2021-01-16 costing $146.51 @ $146.51 per share you would have been able to buy 0 shares of SPG on 2021-01-16 costing $0.00 @ $146.51 per share you would have been able to buy 0 shares of SPG on 2021-01-16 costing $0.00
Current worth On 2022-01-14 these 6 shares would be worth $934.20 @ $155.70 On 2022-01-14 these 3 shares would be worth $467.10 @ $155.70 On 2022-01-14 these 1 shares would be worth $155.70 @ $155.70 On 2022-01-14 these 0 shares would be worth $0.00 @ $155.70 On 2022-01-14 these 0 shares would be worth $0.00 @ $155.70
Dividends earned $42.90 in dividends would have been earned since 2021-01-16 with 6 shares. $21 in dividends would have been earned since 2021-01-16 with 3 shares. $7.15 in dividends would have been earned since 2021-01-16 with 1 shares. $0.00 in dividends would have been earned since 2021-01-16 with 0 shares. $0.00 in dividends would have been earned since 2021-01-16 with 3 shares.
Net (gain / loss)* 98.04 USD 49.02 USD 16.34 USD 0.00 USD 0.00 USD
ROI** 11.15% 11.15% 11.15% nan% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by SPG. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
SPG 2021-12-09 1.650 10.00% 2021-11-01 2021-12-10 2021-12-31
SPG 2021-09-08 1.500 7.14% 2021-08-02 2021-09-09 2021-09-30
SPG 2021-07-01 1.400 7.69% 2021-06-21 2021-07-02 2021-07-23
SPG 2021-04-08 1.300 --- 2021-03-30 2021-04-09 2021-04-23
SPG 2020-12-23 1.300 --- 2020-12-15 2020-12-24 2021-01-22
SPG 2020-10-08 1.300 --- 2020-09-29 2020-10-09 2020-10-23
SPG 2020-07-09 1.300 -38.10% 2020-06-29 2020-07-10 2020-07-24
SPG 2020-02-13 2.100 --- 2020-02-04 2020-02-14 2020-02-28
SPG 2019-11-14 2.100 --- 2019-10-30 2019-11-15 2019-11-29
SPG 2019-08-15 2.100 2.44% 2019-07-31 2019-08-16 2019-08-30
SPG 2019-05-16 2.050 --- 2019-04-30 2019-05-17 2019-05-31
SPG 2019-02-13 2.050 2.50% 2019-02-01 2019-02-14 2019-02-28
SPG 2018-11-15 2.000 --- 2018-10-25 2018-11-16 2018-11-30
SPG 2018-08-16 2.000 2.56% 2018-07-30 2018-08-17 2018-08-31
SPG 2018-05-16 1.950 --- 2018-04-27 2018-05-17 2018-05-31
SPG 2018-02-13 1.950 5.41% 2018-01-31 2018-02-14 2018-02-28
SPG 2017-11-15 1.850 2.78% 2017-10-27 2017-11-16 2017-11-30
SPG 2017-08-15 1.800 2.86% 2017-08-01 2017-08-17 2017-08-31
SPG 2017-05-15 1.750 --- 2017-04-27 2017-05-17 2017-05-31
SPG 2017-02-10 1.750 6.06% 2017-01-31 2017-02-14 2017-02-28

Financial Statements Overview


The next Earnings Report for SPG is 2022-02-03

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 438,423,000 1,290,799,000 935,837,000 1,011,613,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 1,373,476,000 2,243,530,000 1,952,739,000 2,248,347,000
Current Assets (Other) 935,053,000 952,731,000 1,016,902,000 1,236,734,000
Short Term Investments 935,053,000 952,731,000 1,016,902,000 1,236,734,000
Long-term Investments 32,572,663,000 32,584,326,000 32,458,765,000 32,538,499,000
Property, Plant & Equipment Net 22,574,615,000 22,761,391,000 22,904,891,000 23,158,259,000
Goodwill 0 0 0 20,098,000
Intangible Assets 0 0 0 34,958,000
Other Assets 1,105,736,000 1,100,745,000 1,098,004,000 635,440,000
Net Tangible Assets 3,336,253,000 3,189,871,000 3,022,224,000 2,942,325,000
Total Assets 33,946,139,000 34,827,856,000 34,411,504,000 34,786,846,000
Accounts Payable 0 0 0 0
Liabilities (Other) 0 0 0 513,515,000
Current Liabilities (Other) 3,424,979,000 3,870,088,000 3,714,099,000 3,376,240,000
Total Current Liabilities 3,424,979,000 3,870,088,000 3,714,099,000 3,376,240,000
Current Long-term Debt 0 0 0 0
Long-term Debt 25,584,372,000 26,231,704,000 26,156,520,000 26,723,361,000
Total Liabilities 30,568,041,000 31,596,058,000 31,347,271,000 31,747,374,000
Minority Interest 1,049,619,000 983,055,000 963,301,000 618,766,000
Common Stock 328,619,000 328,594,136 328,514,497 316,650,659
Retained Earnings -5,789,329,000 -5,931,119,000 -6,087,013,000 -6,102,314,000
Treasury Stock -1,884,511,000 -1,884,511,000 -1,884,138,000 -1,891,352,000
Capital Surplus 0 0 0 0
Shareholder Equity 3,378,098,000 3,231,798,000 3,064,233,000 3,039,472,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 1,296,554,000 1,254,146,000 1,239,951,000 1,131,428,000
Cost of Revenue 0 0 0 0
Gross Profit 1,296,554,000 1,254,146,000 1,239,951,000 1,131,428,000
Research and Development 0 0 0 0
Selling General and Admin 94,211,000 74,518,000 72,061,000 -87,408,000
Operating Expense 684,230,000 649,423,000 635,339,000 669,380,000
Operating Income 612,324,000 604,723,000 604,612,000 462,048,000
Income Expense Net (Other) 0 0 0 0
EBIT 810,848,000 953,268,000 619,681,000 525,308,000
Interest Income 199,772,000 200,419,000 202,016,000 197,854,000
Pretax Income 845,910,000 752,872,000 504,562,000 311,155,000
Income Tax 67,262,000 47,003,000 -5,898,000 -1,571,000
Minority Interest 97,878,000 87,778,000 63,766,000 40,408,000
Net Income 679,936,000 617,257,000 445,860,000 271,483,000
Net Income Basic 679,936,000 617,257,000 445,860,000 271,483,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 679,936,000 617,257,000 445,860,000 271,483,000
Depreciation 320,333,000 332,963,000 331,820,000 1,354,991,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 438,423,000 1,290,799,000 935,837,000 1,011,613,000
Cash Flow 874,722,000 1,001,987,000 875,762,000 895,077,000
Capital Expenditures -190,808,000 -113,861,000 -114,808,000 -484,119,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -166,296,000 -194,516,000 -138,052,000 -3,518,314,000
Dividends Paid 0 0 0 0
Net Borrowings 24,210,896,000 23,988,174,000 24,203,781,000 24,475,014,000
Cash Flow Financing -1,560,802,000 -452,509,000 -813,486,000 2,552,537,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Simon Property Group


Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE:SPG). Our properties across North America, Europe, and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
9 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.8
3 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
7 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 7.7
9 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
0 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
8 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
6 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
Rating Market Cap Section Avg. Rating
10 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
6.5 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-01-16 - v2.8