Simon Property Group (SPG)
Real Estate · Retail REITs · NYSE
Simon Property Group is a leading global owner and operator of premium retail real estate, including high-end malls, outlet centers, and mixed-use properties.
What Simon Property Group does
Simon Property Group is a real estate investment trust (REIT) engaged in the ownership, development, and management of shopping, dining, entertainment, and mixed-use destinations. The company operates a portfolio of premier malls, premium outlets, and lifestyle centers, as well as an interest in international properties.
Themes: retail real estate, shopping centers, mixed-use real estate development, REITs
Fundamentals
- Price$199.61 as of 2026-10-08 close
- Market cap$64.6B as of 2026-06-30 (share count; price 2026-10-08)
- 1-year return+12.0% 2025-10-08 close $178.23 → 2026-10-08 close $199.61
- P/E13.87 as of 2026-10-08
- Net margin+84.3% FY2025, SEC XBRL
- ROE+82.9% FY2025, SEC XBRL
- Debt / equity5.81 as of 2026-09-02
- Revenue growth (YoY)+10.9% as of 2026-09-02
- Revenue CAGR (3y)+6.3% SEC XBRL
- Beta0.72 as of 2026-09-02
- Last reported earnings2026-08-10 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +4.4%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
How SPG compares in its sector
- price-to-earnings ratiobottom 25% 120 covered Real Estate peers, as of 2026-10-08
- net profit margintop 10% 154 covered Real Estate peers, as of 2026-09-02
- operating margintop 25% 96 covered Real Estate peers, as of 2026-09-02
- return on equitytop 10% 158 covered Real Estate peers, as of 2026-09-02
- 3-year revenue CAGRmiddle range 155 covered Real Estate peers
- indicated dividend yieldmiddle range 140 covered Real Estate peers, as of 2026-09-02
- free cash flow (absolute dollars, latest fiscal year)top 10% 41 covered Real Estate peers, as of FY2025
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
SPG is in the Top 10 — Real Estate.
Top 10 — Real Estate — since 18 Aug 2026
Top 10 score
60.9 #206 of 1,379 scored · #4 of 87 in Real Estate
Profitability 98th (operating margin 49.9%, return on equity 82.9%) and valuation 54th (price to earnings 13.9, price to book 11.7); weakest is trend (50th, a strong downtrend, with sellers in control).
In this list since 18 Aug 2026 — currently 4th in the list (51 days)
- Entered 18 Aug 2026: first selection for this list at rank 5, score 64.7.
- Held its place at 2 rebalances between 1 Sep 2026 and 1 Oct 2026.
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which SPG reported a dividend payment is FY2018, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2018 ratio would not describe SPG today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2018) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
How Simon Property Group looks technically
Simon Property Group (SPG) is trading 2.1% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed above its 200-day average about 272 trading days ago — a "golden cross", a bullish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 46, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 34, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 2 trading days ago. It is 16.3% below its highest point of the past year.
Trend
7
| Distance from the 200-day | it is trading 2.1% below its 200-day average, the long-term trend line — a long-term downtrend | -2.1% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $212.31 | $212.31 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $203.90 | $203.90 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 22 calendar days ago — the swings before that are what the structure reading is measured on | 22 sessions |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 272 trading days ago — a "golden cross", a bullish long-term signal | 272 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 46, with sellers in control | 45.5 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 34, neither overbought (above 70) nor oversold (below 30) | 33.6 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($196.76 to $206.38) — its "stochastic" reading is 30 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 29.6 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 13 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $238.50 | $238.50 |
|---|---|---|
| From the 52-week high | it is 16.3% below its 52-week high (its highest price of the past year) | -16.3% |
| Above the 52-week low | it is 15.9% above its 52-week low (its lowest price of the past year) | +15.9% |
| Below the 52-week high | it is 16.3% below its highest point of the past year | 16.3% |
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day low about 2 trading days ago | 2 sessions |
| All-time high | its highest closing price on record is $238.50 (set on 2026-07-29) | $238.50 |
| Given back of the 52-week move | over the past year its closes ranged ($173.35 to $236.70), and it has given back a bit over half of its rise from last year’s low — 59% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $195.52 to $197.55. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 58.5% |
| From the all-time high | it is 16.3% below its all-time high | -16.3% |
| Nearest price level | it is sitting right on a resistance level at $200.17 — a price it turned at five times since 2026-02-06, most recently on 2026-09-16. Since 2024-10-08 it has 9 such levels below the current price and 4 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.3% |
| All-time low | its lowest closing price on record is $22.83 (set on 2009-03-06) | $22.83 |
| Above the all-time low | it is 774.3% above its all-time low | +774.3% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 86% of it) | 14th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $3.06 between its high and its low — about 1.5% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $3.06 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $198.70 and $207.59 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $198.70 – $203.15 – $207.59 |
| Typical daily range (% of price) | its price moves about 1.5% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 1.5% |
| Stretch from the 200-day average | it is trading 1.4 daily ranges below its 200-day average price (2.1% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.4 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.87× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
3
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|---|---|
| Since a bullish engulfing | 3 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 3 sessions ago |
| Since a bearish engulfing | 6 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 6 sessions ago |
Price gaps
1
| Gap at the open | it opened on 2026-10-08 at essentially the same price it closed at the session before — no meaningful overnight gap | -0.1% |
|---|
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 6.8 percentage points (the stock lost 5.8% while the market gained 1.0%) | -6.8% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 12.7 percentage points (the stock lost 8.9% while the market gained 3.8%) | -12.7% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 12.5 percentage points (the stock gained 4.9% while the market gained 17.5%) | -12.5% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 3.0 percentage points (the stock gained 12.0% while the market gained 15.0%) | -3.0% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, MACD momentum is positive — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: trading below its 200-day average, a fresh 20-day low, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 9.6% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 1.9% of the share price, which is taken to mean a barrier that gives way easily. | -9.6% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 2% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $204.71 — a volume-weighted average of daily closes over 191 sessions, not a true tick-by-tick VWAP. | -2.5% |
|---|---|---|
| Vs the average paid since it last reported | the price is 5% below the average price paid since it last reported on 2026-08-10 (its 10-Q), so the typical buyer over that stretch is under water. That average is $209.74 — a volume-weighted average of daily closes over 43 sessions, not a true tick-by-tick VWAP. | -4.8% |
Price levels it has turned at before
SPG last closed at $199.61 on 2026-10-08. Since 2024-10-08 it has turned at 9 prices below its last close and 4 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $200.17 | Resistance | 0.3% above the last close | turned there five times · 2026-02-06 to 2026-09-16 |
| $206.97 | Resistance | 3.7% above the last close | turned there five times · 2026-02-27 to 2026-09-29 |
| $191.71 | Support | 4.0% below the last close | turned there twice · 2026-02-13 to 2026-03-19 |
| $187.78 | Support | 5.9% below the last close | turned there 7 times · 2025-02-14 to 2026-03-12 |
| $182.60 | Support | 8.5% below the last close | turned there six times · 2024-11-12 to 2026-01-27 |
| $222.05 | Resistance | 11.2% above the last close | turned there twice · 2026-06-12 to 2026-08-19 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Broke down to a new 20-day low · lagging the market · Least volatile (2% or less typical daily range) · Under water since its last earnings report (below the anchored VWAP) · Trading below the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.45 mean, 1=Strong Buy…5=Strong Sell) — 18 analysts
- Mean price target$234.44 range $207.00 – $285.00; median $224.50
Analyst estimates, as of 2026-10-05. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for SPG
- Consensus EPS estimate$1.62 next reporting period, as of 2026-10-05
- Estimate change, 30 days+$0.05306 (+3.4%) from $1.57, on 2026-08-31, 35-day window
- Readings revised upward14% of 7 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Sensitivity of consumer spending and tenant financial health to economic downturns.","Significant debt levels and risks associated with refinancing or interest rate fluctuations.","Competition from e-commerce and changing consumer shopping preferences."]
What changed in the latest 10-Q
AI-assisted comparison of SPG's 10-Q filed 2026-05-11 against the prior one filed 2025-11-06.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-05-11) states: 'Until October 31, 2025, we owned an 88% noncontrolling interest in The Taubman Realty Group, LLC, or TRG. As further discussed in Note 4 of the condensed notes to the consolidated financial statements, on October 31, 2025, we acquired the remaining 12% interest which we did not previously own, or the TRG Acquisition.'
- Newer filing (2026-05-11) reports: 'a non-cash gain of $64.3 million, or $0.17 per diluted share/unit, due to the exchange of 4,074,711 shares of Klépierre to settle the conversion of €110.3 million of the Operating Partnership's exchangeable bonds in 2026'
- Newer filing (2026-05-11) reports: 'an unrealized, favorable change in fair value of publicly traded equity instruments and derivative instrument, net of $62.2 million, or $0.16 per diluted share/unit, which primarily relates to movements in the fair value of the exchange option within our Klépierre exchangeable bonds'
- Removed:
- Older filing (2025-11-06) stated: 'We also own an 88% noncontrolling interest in the Taubman Realty Group, LLC, or TRG, which has an interest in 22 regional, super-regional, and outlet malls in the U.S. and Asia.'
- Older filing (2025-11-06) reported: 'a pre-tax gain during the first quarter of 2024 on the sale of all our remaining interests in Authentic Brands Group, or ABG, of $414.8 million, or $1.11 per diluted share/unit'
- Older filing (2025-11-06) reported: 'an unrealized, unfavorable change in fair value of publicly traded equity instruments and bifurcated derivative, net, of $30.8 million, or $0.08 per diluted share/unit'
- Reworded:
- Property count changed from 194 properties as of September 30, 2025 (older) to 212 properties as of March 31, 2026 (newer)
- U.S. malls changed from 92 to 108
- U.S. Premium Outlets changed from 70 to 69
- U.S. Mills changed from 14 to 16
- U.S. other retail properties changed from 12 to 13
- U.S. states changed from 37 to 38
- International properties changed from 38 to 42
- Klépierre equity stake changed from 22.4% as of September 30, 2025 to 20.7% as of March 31, 2026
- Klépierre country count changed from 14 countries to 13 countries
- Diluted earnings per share/unit increased $0.21 to $1.48 (Q1 2026) versus $0.39 decrease to $4.83 (9M 2025)
- Increased lease income of $261.1 million, or $0.69 per diluted share/unit, with $189.1 million relating to acquisition activity (newer filing only)
- Removed reference to 'redevelopment and expansion projects' language from older filing's property description
- Notes:
- The newer filing's Results Overview section appears truncated mid-sentence ('a pre-tax loss in 2025 due to disposal, exchange, or revaluat'), limiting full comparison of that section
- Comparison is between Q1 2026 (newer) and 9M 2025 (older), which represent different reporting periods
- International property descriptions differ: older filing specifies 'Premium Outlets, Designer Outlets, and Luxury Outlet property' types; newer filing uses general 'properties' description
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
11 open-market purchases and 0 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 30 days · read to 2026-10-0411 buys ($460716) · 0 sells — 11 buying insiders
- Last 90 days · read to 2026-10-0411 buys ($460716) · 0 sells — 11 buying insiders
- Last 180 days · read to 2026-10-0439 buys ($993767) · 0 sells — 11 buying insiders
Cluster buying: 11 different insiders reported open-market purchases (SEC code P) of SPG within a 30-day window between 2026-06-30 and 2026-06-30. Disclosed Form 4 activity, not a prediction of performance or a buy signal.
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-09-30. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about SPG's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
U.S. House trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 6 matched disclosures for SPG from U.S. House Clerk Periodic Transaction Report filings.
U.S. House trading disclosures →Short interest (FINRA)
SPG had 9,858,955 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for SPG because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 9,858,955
- Prior settlement (shares) 9,520,550
- Reported change 3.55%
- Days to cover (reported) 8.22
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Brookfield Property Partners
- Macerich (MAC)
- Kimco Realty (KIM)
- Regency Centers (REG)
- Federal Realty Investment Trust (FRT)
- Tanger Inc. (SKT)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Simon Property Group (SPG) do?
Simon Property Group is a real estate investment trust (REIT) engaged in the ownership, development, and management of shopping, dining, entertainment, and mixed-use destinations. The company operates a portfolio of premier malls, premium outlets, and lifestyle centers, as well as an interest in international properties.
What sector is Simon Property Group (SPG) in?
Simon Property Group (SPG) is classified in the Real Estate sector. Its industry is Retail REITs. It trades on NYSE.
Does SPG pay a dividend?
Yes — Simon Property Group (SPG) pays a dividend, with an indicated yield of about 4.38% and 5-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-02). Informational only — not financial advice.
Who are Simon Property Group's (SPG) competitors?
Notable peers of Simon Property Group (SPG) include Brookfield Property Partners, Macerich, Kimco Realty, Regency Centers and Federal Realty Investment Trust. This peer set is informational only — not financial advice.
Has there been recent U.S. House stock trading in SPG?
Yes — we hold 6 matched STOCK Act disclosures for SPG from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is Simon Property Group (SPG) overbought or oversold right now?
Simon Property Group (SPG) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 34, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on SPG come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.