Symbols

SPG

Simon Property Group·NYSE

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SPG fundamentals

SPG Q4 2025 Earnings

Simon Property Group (SPG) released its earnings on Feb 2, 2026: revenue was 1.79B (YoY +13.22%), beat estimates; EPS was 9.35 (YoY +358.33%), beat estimates.

Revenue / YoY

1.79B

+13.22%

EPS / YoY

9.35

+358.33%

Report date

Feb 2, 2026

SPG Earnings Call Summary for Q4,2025

Record FFO Growth: $12.73 per share, up 4.2% YoY, driven by 4.8% domestic NOI growth and strong occupancy (96.4% Malls/Premium Outlets, 99.2% Mills).
Shareholder Returns: $3.5B returned in 2025 ($3.2B dividends, $227M buybacks) and 4.8% dividend hike to $2.20/Q1 2026.
Development Pipeline: $4B+ 2025 pipeline, 2026 NOI contribution of $30M from new projects, and 9% blended yield on mixed-use developments.
Tariff Resilience: 3%+ domestic NOI guidance for 2026, offsetting $200M+ retail EBITDA headwind with lease-up opportunities.
Liquidity & Balance Sheet: $9B liquidity, A-rated credit, and 5.0x net debt/EBITDA.

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Revenue & Expenses

Key Indicators

Simon Property Group (SPG) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Simon Property Group (SPG)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Balance Sheet

Simon Property Group (SPG)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Cash Flow

Simon Property Group (SPG)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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