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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›SPG›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

SIMON PROPERTY GROUP INC. (SPG) financials

Income statement

SIMON PROPERTY GROUP INC. (SPG) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$5.44B$5.53B$5.65B$5.76B$4.61B$5.12B$5.29B$5.66B$5.96B$6.36B
Revenue growth—1.7%2.1%1.9%-19.9%11.1%3.4%6.9%5.4%6.7%
Operating income$2.72B$2.80B$2.93B$2.91B$1.97B$2.41B$2.58B$2.81B$3.09B$3.18B
Operating margin50.1%50.7%51.8%50.6%42.8%47.2%48.8%49.6%51.9%49.9%
Net income$2.13B$2.24B$2.82B$2.42B$1.28B$2.57B$2.45B$2.62B$2.73B$5.36B
Net margin39.3%40.6%50.0%42.1%27.7%50.2%46.3%46.2%45.8%84.3%
EPS (diluted)$5.87$6.24$7.87$6.81$3.59$6.84$6.52$6.98$7.26$14.17

Cash flow

SIMON PROPERTY GROUP INC. (SPG) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$3.37B$3.59B$3.75B$3.81B$2.33B$3.64B$3.77B$3.93B$3.81B$4.14B
Capital expenditures$798M$732M$782M$876M$484M$528M$650M$793M$756M$934M
Free cash flow$2.57B$2.86B$2.97B$2.93B$1.84B$3.11B$3.12B$3.14B$3.06B$3.20B
Share buybacks$255M$407M$354M$360M$153M—$180M$141M—$227M

Balance sheet

SIMON PROPERTY GROUP INC. (SPG) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$560M$1.48B$514M$669M$1.01B$534M$622M$1.17B$1.40B$823M
Total assets$31.1B$32.3B$30.7B$31.2B$34.8B$33.8B$33.0B$34.3B$32.4B$40.6B
Total liabilities$26.0B$27.8B$26.7B$28.1B$31.1B$29.4B$29.2B$30.6B$28.8B$33.9B
Long-term debt$23.0B$24.6B$23.3B$24.2B$26.7B$25.3B$25.0B$26.0B$24.3B$28.4B
Shareholders' equity$4.31B$3.69B$3.30B$2.53B$3.04B$3.36B$3.14B$3.02B$2.94B$5.21B
Retained earnings-$4.46B-$4.78B-$4.89B-$5.38B-$6.10B-$5.82B-$5.93B-$6.10B-$6.38B-$4.61B
Shares (wtd avg diluted)———308M309M329M328M327M326M326M

Every figure is extracted from SIMON PROPERTY GROUP INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is SIMON PROPERTY GROUP INC.'s annual revenue?
SIMON PROPERTY GROUP INC. (SPG) reported $6.36B of revenue for fiscal year 2025 — up 6.7% from $5.96B in FY2024, per its annual report filed with the SEC.
Is SIMON PROPERTY GROUP INC. profitable?
Yes — SPG earned $5.36B of net income in FY2025, a 84.3% net margin, per SEC filings.
What is SIMON PROPERTY GROUP INC.'s free cash flow?
$3.20B in FY2025 (operating cash flow $4.14B minus $934M of capital expenditures), from the SEC cash-flow statement.
Does SPG pay a dividend?
SIMON PROPERTY GROUP INC. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full SPG analysis — verdict, score & filings →Is SPG a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.