Simon Property Group, Inc. (SPG) AI Stock Analysis

Simon Property Group, Inc. is a real estate investment trust and an S&P 100 constituent that owns and enhances destinations for shopping, dining, entertainment, and mixed-use experiences. The company operates across North America, Europe, and Asia, serving millions of daily visitors and generating billions in annual sales. Simon strategically develops and manages properties that combine retail and dining with entertainment venues and mixed-use spaces to cater to evolving lifestyle needs. Through property management and ongoing development, Simon focuses on innovating visitor experiences and maintaining its position in the retail and real estate sectors worldwide.

Simon Property Group increased revenue from $5.12B in FY2021 to $6.36B in FY2025, reflecting a 5-year revenue CAGR of 6.7%. Net income rose from $2.25B in FY2021 to $4.61B in FY2025, pushing the annual net margin to 72.5%. For the trailing twelve months, revenue reached $6.94B, supported by an operating margin of 46.0% and diluted EPS of $14.17. In the latest quarter ended June 30, 2026, quarterly revenue grew 19.5% year-over-year, while quarterly earnings fell 12.5%. Operating cash flow expanded to $4.14B in FY2025, delivering $3.20B in free cash flow.

As of June 30, 2026, Simon Property Group held $1.02B in cash and short-term investments against total debt of $29.43B, resulting in net debt of $28.41B. Shareholders' equity stood at $4.43B, yielding a debt-to-equity ratio of 6.64 and a current ratio of 1.05 out of $39.71B in total assets. During FY2025, operating cash flow funded $934.3M in capital expenditures, $248.3M in share buybacks, and $3.23B in dividends paid, while the 5-year share count decreased 1.4%.

At $205.44 per share, Simon Property Group trades at a trailing P/E of 14.5x, well below the 30.6x median of its S&P 500 Real Estate peers. Its forward P/E of 30.7x slightly exceeds the peer median of 29.2x. SPG carries an EV/EBITDA of 11.4x compared to the peer median of 17.6x, and a price-to-sales multiple of 11.2x against the peer median of 7.0x. Over the past year, SPG returned 21.6%, outperforming the 16.8% return for the S&P 500 (SPY), and its 5-year return reached 91.1% compared to 83.0% for the index.

Simon Property Group provides a forward annual dividend of $8.90 per share, which represents a dividend yield of 4.33%. The REIT has paid dividends for 33 consecutive years, with an annualized 5-year dividend growth rate of 7.3%. Its payout ratio is 124.5%, and the most recent ex-dividend date occurred on September 9, 2026.

Wall Street coverage includes 5 Strong Buy, 1 Buy, and 15 Hold ratings, with zero Sell or Strong Sell recommendations. The mean price target of $229.00 indicates an upside of 11.5% from the last close of $205.44. For the current fiscal year ending December 31, 2026, analysts expect EPS of $5.85 on revenue of $6.67B. SPG beat EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 5, 2026.

This page is an AI-written research summary of Simon Property Group, Inc. (SPG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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