Simon Property Group (SPG)
Real Estate · Regional shopping center and outlet mall REIT
A diversified REIT operating premium shopping malls, outlet centers, and mixed-use retail properties across North America with a 22% stake in European retail leader Klépierre.
What Simon Property Group does
Simon Property Group is a self-administered, self-managed REIT that owns, develops, and manages premier shopping, dining, entertainment and mixed-use retail destinations primarily consisting of malls, Premium Outlets, and The Mills. As of December 31, 2025, the company owned or held interests in 212 income-producing properties in the United States (108 malls, 70 Premium Outlets, 16 Mills, and others) across 38 states and Puerto Rico, plus 42 international properties. The company also maintains a 22.2% equity stake in Klépierre, a Paris-based shopping center REIT, and holds interests in other platform investments including retail operations and e-commerce ventures.
Themes: ["Retail real estate","Shopping centers and malls","Outlet retail","REIT / dividend income","US retail property","Premium/experiential retail","International real estate exposure"]
Fundamentals
- Price$219.71 as of 2026-07-09 close
- Market cap$72.0B as of 2026-07-10
- 1-year return+34.8% as of 2026-07-09 close
- P/E15.35 as of 2026-07-10
- Net margin+70.6% as of 2026-07-10
- Gross margin+81.6% as of 2026-07-10
- ROE+126.3% as of 2026-07-10
- Debt / equity5.81 as of 2026-07-10
- Revenue growth (YoY)+10.9% as of 2026-07-10
- Revenue CAGR (3y)+6.3% SEC XBRL
- Beta1.34 as of 2026-07-10
Dividend: yield +4.1%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Retail market cyclicality and tenant bankruptcy risk affecting lease income and occupancy rates","High debt leverage (debt-to-total-assets covenant at 65%) limiting financial flexibility and refinancing risk","E-commerce disruption and changing consumer shopping patterns reducing foot traffic and retail demand"]
Competitors & peers
- Brookfield Property Partners
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.