Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Simon Property Group Inc.

SPG · NYSE · Real estate

Fundamental quality

ATTRACTIVE

86

out of 100

Simon Property Group Inc. fits the profile of a quality compounder: it pairs high return on capital (ROE 112.3%) with wide margins (net margin 82%) and a business that keeps growing (7.2% a year). On fundamental quality it scores 86 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Simon Property Group is America's largest mall owner, holding the premium malls and outlets that survived the retail apocalypse: the luxury centers people still visit. The weak died; Simon kept physical retail's best real estate.

What will shape its future

  • Occupancy and rents at its prime centers, the quarterly proof the mall lives.
  • In-person versus online consumption, the structural background battle.
  • Interest rates, the metronome of its valuation and its debt.

Breakdown by area

I.Growth
81

EPS growth: 30.3% · Revenue growth: 7.2%

II.Profitability
95

Net margin: 82% · ROE: 112.3% · ROIC: 7.8%

III.Financial health
78

Net debt/EBITDA: 5.81x · FCF: 48.6%

Source: SEC EDGAR · TTM through 31/03/2026

The score includes +1 for dividend strength: 4 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.

The score combines growth, profitability and financial strength, and here its pillars hold up evenly.

Versus its sector

Percentile against the other 12 Real estate companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 100%
ROEbeats 100%
Growthbeats 17%
Less debtbeats 17%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Simon Property Group Inc. strengths

  • Expanding margins: net margin has risen from 28% to 84% in recent years.
  • Exceptional net margin (82%): the business is clearly profitable.
  • Excellent free-cash-flow generation (FCF margin of 48.6%): profit turns into real cash.
  • Growing earnings per share (30.3% annualized).

Simon Property Group Inc. risks and weaknesses

  • Very high leverage (net debt of 5.81× EBITDA): more exposed to rates and to a rough patch.

Simon Property Group Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20204,6081,2771,84325,712
20215,1172,5693,10924,787
20225,2912,4523,11724,339
20235,6592,6173,13824,864
20245,9642,7293,05922,864
20256,3655,3643,20227,607

Between 2020 and 2025, revenue went from $4,608M to $6,365M (+38%) and net income went from $1,277M to $5,364M (+320%). Meanwhile, its margins have widened (from 28% to 84%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue+19.3%
  • Net income+19%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$8.55

per share, yearly

4 straight years raising it

Growth

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Simon Property Group Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Simon Property Group Inc. a good company to invest in?

In terms of business quality, Simon Property Group Inc. scores 86 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Simon Property Group Inc. a profitable company?

Very. Simon Property Group Inc. shows a net margin of 82% and an ROE of 112.3%, typical of a highly profitable business.

Does Simon Property Group Inc. have a lot of debt?

Yes, its leverage is high: net debt is 5.81 times its EBITDA.

Is Simon Property Group Inc. growing?

Its revenue has grown 7.2% annualized in recent years and its earnings per share 30.3%, and without interruption since 2020.

Does Simon Property Group Inc. generate cash?

Yes. It converts about 48.6% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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