Company Analysis

Simon Property Group, Inc. (SPG)

SPG · Real Estate Investment Trusts · Indianapolis, IN · filing with the SEC since 1998
Grade6.3
◀ Past 6.0● Present 6.3▶ Future 6.7

The grade of Simon Property Group, Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.3/10
◀ Past6.025% of the headline
● Present6.345% of the headline
▶ Future6.730% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.0/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 70th percentile among 174 sector filers · read for itself

From the record

Simon Property Group, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.5/10

What has it actually done, year after year?

+1.8% a year over 10 filed years; profitable in 10 of 10.

weight 33% of this tense · 55th percentile among 156 sector filers · read for its customers

From the record

Simon Property Group, Inc.'s 10 filed years say what it did: revenue went from $5.4 billion in fiscal 2016 to $6.4 billion in fiscal 2025, up 1.8% a year; it rose in 8 of 9 years; the deepest fall was 20% from fiscal 2019 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span1.8%bottom 27% of its family
  • the share of years revenue rosetop 28% of its family
  • the share of filed years with a profittop 20% of its family
  • the deepest fall from a revenue peak19.9%bottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.7/10

How has it treated the people who own it?

Share count shrank 0.1% a year. 3% of cash flow returned. Insiders: 1 sales, 61 purchases.

weight 22% of this tense · 47th percentile among 156 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Simon Property Group, Inc.'s diluted share count shrank about 0.1% a year, and dividends and buybacks returned about 3% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale and 61 purchases of their own stock on the open market in the year to 2026-10-01, buying about $2 million (their Form 4 filings).

What it rests on

  • the share count over the yearstop 14% of its family
  • cash returned against operating cash flowbottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.3/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
6.4/10

Is it financially healthy right now?

ROE 83%: 83¢ of profit per shareholder dollar. Leverage 84%: owes 84¢ per asset dollar.

weight 45% of this tense · 64th percentile among 171 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Simon Property Group, Inc. earned about 83 cents of profit for every dollar of shareholders' money. Leverage: it owed about 84 cents per dollar of assets, and net share issuance: its share count grew 0.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 21% of its family
  • return on equitytop 1% of its family
  • the share count against the year beforetop 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.3/10

How strong is its position in its industry?

top 17% of 157 in its family; net margin 84.3%.

weight 33% of this tense · 83rd percentile among 157 sector filers · read for its customers

From the record

Simon Property Group, Inc.'s standing among 157 graded names in its industry family: revenue of $6.4 billion in fiscal 2025 ranks in the top 4% by size; a net margin of 84.3% ranks in the top 3%; revenue growth of 6.3% a year over the last 3 filed years ranks in the top 44% (its annual reports).

What it rests on

  • revenue against the family$6.36Btop 4% of its family
  • net margin84.3%top 3% of its family
  • three-year revenue growth6.3%top 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.0/10

What are the people in charge doing?

bottom 30% of 160 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 30th percentile among 160 sector filers · read for its shareholders

From the record

Simon Property Group, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Simon, Eli (CEO/PRESIDENT/COO, as filed), filing under that title since 2026-04-02, 7 months (bottom 2% of its family); the 21 officers and directors filing in the last fifteen months have been on the record a median of 9 years (top 37%); 11 officer or director changes were reported on Form 8-K since 2023-11-13, against the 21 people in charge now (bottom 26%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge11 in three years among 21 peoplebottom 26% of its family
  • the median years the people in charge have filed9.0 yearstop 37% of its family
  • the chief executive's years on the record7 monthsbottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.7/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.9/10

How much room does it have to grow?

bottom 39% of 146 in its family for room to expand.

weight 22% of this tense · 39th percentile among 146 sector filers · read for itself

From the record

Simon Property Group, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $823 million against debt of $28 billion leaves -68% of its assets as net cash, bottom 8% of its family; cash from operations less capital spending is 50.3% of revenue (top 30%) (its annual report).

What it rests on

  • cash less debt against assets-68.0%bottom 8% of its family
  • cash from operations less capital spending against revenue50.3%top 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.0/10

What could actually drive growth from here?

top 30% of 153 in its family for growth drivers.

weight 33% of this tense · 70th percentile among 153 sector filers · read for its customers

From the record

Simon Property Group, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 6.3% a year over the last three filed years against 1.8% over all 10, speeding up (top 19% of its family); the newest year grew 6.7% (top 33%); capital spending grew 12.9% a year (top 39%) (its annual reports). Simon Property Group, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+4.6 points a yeartop 19% of its family
  • the newest year's revenue growth6.7%top 33% of its family
  • three-year growth of capital spending12.9%top 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.9/10

Did its newest year beat what its own record pointed to?

top 21% of 150 in its family for expectations against reality.

weight 45% of this tense · 79th percentile among 150 sector filers · read for its shareholders

From the record

Simon Property Group, Inc.'s newest year against its own record: revenue of $6.4 billion in fiscal 2025 came in 0.5% above the $6.3 billion its prior three years' pace pointed to (top 37% of its family); net income of $5.4 billion against a prior three-year average of $2.6 billion (top 19%); a net margin of 84.3% against 46.1% before (top 8%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace0.5%top 37% of its family
  • net income against the prior three years' average+106%top 19% of its family
  • net margin against its prior average+38.2 pointstop 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SPG · research, not advice