Historical source-based research. Compilation date and financial period are different dates.

Executive summary

Annual revenue of USD 6.365 billion and net income of USD 5.364 billion for the period ended 2025-12-31. This is a structured data brief from filed financial statements, not an independently audited investment opinion.

Business and industry context

SIMON PROPERTY GROUP INC. is an SEC-reporting issuer listed on NYSE under SPG. Its SEC industry description is Real Estate Investment Trusts. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications. Property owners and infrastructure REITs depend on occupancy, contractual income and financing. GAAP earnings and cash flow do not substitute for a reconciled FFO measure.

Financial evidence

The selected fiscal period runs from 2025-01-01 to 2025-12-31. Revenue was USD 6.365 billion; operating income was USD 3.175 billion; diluted EPS was USD 14.17 per share. Prior-period revenue was USD 5.964 billion. The reported revenue change was 6.72%. Comparisons are not adjusted for acquisitions, disposals, foreign exchange or fiscal-week differences.

Profitability and cash generation

Net margin, calculated as net income divided by revenue, was 84.28%. Operating cash flow was USD 4.137 billion; capital expenditure was not available. Free cash flow (operating cash flow less purchases of property, plant and equipment) was not available. Missing standard tags are not interpreted as zero. These measures may not be directly comparable between business models.

Balance-sheet context

Total assets were USD 40.606 billion, total liabilities USD 33.901 billion and reported shareholder equity USD 5.208 billion at the period end. Total liabilities include operating obligations and are not a measure of interest-bearing debt.

Valuation context

Company profiles show eligible dated valuation ratios using the September 17, 2026 price snapshot and selected annual accounting denominators. Capitalization-based measures use estimates and are identified as such. These are not live, TTM or forward values. A historical-multiple series and EV/EBITDA are not available. Sector medians describe a selected sample; they do not establish fair value or expected returns.

Risks and uncertainties

Lease rollover, refinancing, development costs, tenant concentration and property values. Standardized XBRL can omit custom-tag disclosures. Annual data cannot establish the direction of the latest quarter.

What to monitor

Occupancy, leasing spreads, maturity schedules and reconciled FFO disclosures. Read subsequent quarterly filings, footnotes and accounting-policy changes before interpreting these historical observations.

Methodology note

Source snapshots were collected on September 18, 2026. Values preserve reported currency and periods. This brief was compiled on September 26, 2026; the publication date is not a new source retrieval date.

Sources & dates

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