Simon Property Group

Symbol: SPG
CIK: 1063761
Exchange: NYSE
Founded: 1993 (27 years)
HQ: Indianapolis, IN, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Retail

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See SPG on SEC.gov

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Overall Score: 7.5

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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 16, 2020


Open Price: $147.35
Closing Price: $148.54
Price Change: 1.44 (0.979%)
Lowest Price: $147.03
Highest Price: $149.05

52-Week Low: $142.40
52-Week High: $186.44
52-Week Change: -14.08%

5 Day Price Change: 1.99%
1 Month Price Change: 1.04%
3 Month Price Change: -1.09%
6 Month Price Change: -9.21%
YTD Price Change: 1.39%
1 Year Price Change: -14.92%
2 Year Price Change: -10.87%
5 Year Price Change: -25.94%

Dividend of Trading Day January 16, 2020


Dividend Yield: 5.655%*
Annualized Dividend: $8.4*
Dividend Yield (TTM): 5.52%
Annualized Dividend (TTM): $8.2
Ex Dividend Date: 2019-11-14
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)


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Key Stats of Trading Day January 16, 2020


Total Cash: $514,335,000
Current Debt: $1,416,309,000
Revenue: $5,649,899,000
Gross Profit: $3,460,069,000
Total Revenue: $5,649,899,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $4,198,152,000
Revenue Per Share: $18
Revenue Per Employee: $1,129,980
Employee: 5,000
Debt to Equity Ratio (D/E): 7.07
Profit Margin: 0.38%
Enterprise Value (EV): $120,273,412,641
Enterprise Value to Revenue (EV/R): 21.29
Price to Sales (P/S): 17.25
Price to Book (P/B): 13.74
Peg Ratio: -12.72
P/E Ratio: 21.38
P/E High: 25.03
P/E Low: 19.11
Forward P/E Ratio: 20.73
Market Capitalization: $98,109,681,318
Beta: 0.50
Latest Volume: 1,103,947.00
Avg. Total Volume: 1,721,735
Avg. 10 Volume: 1,561,205.20
Avg. 30 Volume: 1,721,735.47
TTM EPS: 6.95
TTM Dividend Rate: 8.20
Shares Outstanding: 306,861,000
Float: 304,725,861.00
50-Day Moving Avg.: 148.56
200-Day Moving Avg.: 158.18

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

Occupancy Rate


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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

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 3,647,230,000 0 436,802,000 514,335,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 3,876,467,000 3,860,147,000 4,014,744,000 4,424,533,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 20,098,000
Intangible Assets 0 0 0 130,638,000
Other Assets 1,576,983,000 1,641,996,000 1,497,168,000 538,873,000
Net Tangible Assets 2,672,529,000 2,919,665,000 3,212,959,000 2,710,899,000
Total Assets 33,844,226,000 30,732,915,000 30,841,776,000 30,686,223,000
Accounts Payable 0 0 0 0
Liabilities (Other) 3,893,308,000 3,813,239,000 3,729,987,000 2,992,769,000
Current Liabilities (Other) 1,568,150,000 1,567,474,000 1,559,534,000 1,536,111,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 1,364,010,000 0 1,367,845,000 1,416,309,000
Long-term Debt 25,279,869,000 23,324,679,000 21,818,120,000 21,889,226,000
Total Liabilities 30,537,187,000 27,137,918,000 26,915,952,000 26,659,104,000
Minority Interest 83,636,000 75,944,000 82,638,000 119,562,000
Common Stock 306,868,960 32,000 32,000 32,000
Retained Earnings -5,223,093,000 -5,122,281,000 -4,979,489,000 -4,893,069,000
Treasury Stock 1,773,571,000 1,595,305,000 1,435,309,000 1,427,431,000
Capital Surplus 9,748,255,000 9,723,378,000 9,706,021,000 9,700,418,000
Shareholder Equity 2,672,529,000 2,919,665,000 3,212,959,000 3,296,681,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 1,413,867,000 1,397,186,000 1,379,346,000 1,459,652,000
Cost of Revenue 574,710,000 574,639,000 555,651,000 557,151,000
Gross Profit 839,157,000 822,547,000 823,695,000 902,501,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 687,273,000 666,885,000 678,374,000 680,573,000
Operating Income 702,615,000 680,631,000 676,850,000 752,998,000
Income Expense Net (Other) -199,695,000 -198,425,000 -125,245,000 -203,250,000
EBIT 702,615,000 680,631,000 676,850,000 752,998,000
Interest Income 201,295,000 198,425,000 197,645,000 203,250,000
Pretax Income 502,920,000 482,206,000 551,605,000 549,748,000
Income Tax 6,197,000 7,010,000 10,102,000 10,422,000
Minority Interest 83,636,000 75,944,000 82,638,000 119,562,000
Net Income 534,947,000 493,477,000 549,309,000 569,751,000
Net Income Basic 534,113,000 492,643,000 548,475,000 568,917,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 534,947,000 493,477,000 549,309,000 569,751,000
Depreciation 343,359,000 0 339,918,000 340,105,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 3,167,454,000 0 -77,533,000 -181,383,000
Cash Flow 1,031,688,000 0 957,694,000 1,018,232,000
Capital Expenditures -219,341,000 0 -216,781,000 -195,952,000
Investments -131,890,000 0 -18,885,000 198,437,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -355,361,000 0 -233,909,000 -45,652,000
Dividends Paid -744,512,000 0 -730,711,000 -714,066,000
Net Borrowings 3,420,742,000 60,710,000 -60,710,000 -253,677,000
Cash Flow Financing 2,491,127,000 60,710,000 -801,318,000 -1,153,963,000
Financing Cash Flows (Other) -2,092,000 0 -1,803,000 -65,439,000
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
10 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.4
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. 8.9
8 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
9 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 8.7
8 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
7 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.1
Rating Leverage Section Avg. Rating
8 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.1
8 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
0 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
3 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
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.3
8 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
7.5 Overall REITRating™ Score 6.5

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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