Simon Property GroupSPGEarnings & Financial Report
Simon Media Properties, LLC, doing business as Simon Property Group, Inc., is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. As of December 31, 2024, it owned interests in 232 properties.
Revenue
$1.5B
Gross Profit
N/A
Operating Profit
$727.6M
Net Profit
$477.9M
Gross Margin
N/A
Operating Margin
49.4%
Net Margin
32.4%
YoY Growth
2.1%
EPS
$1.27
Simon Property Group Q1 FY2025 Financial Summary
Simon Property Group reported revenue of $1.5B (up 2.1% YoY) for Q1 FY2025, with a net profit of $477.9M (down 43.2% YoY) (32.4% margin).
Key Financial Metrics
| Total Revenue | $1.5B |
|---|---|
| Net Profit | $477.9M |
| Gross Margin | N/A |
| Operating Margin | 49.4% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Simon Property Group Q1 FY2025 revenue of $1.5B breaks down across 2 segments, led by Real Estate Segment at $1.4B (95.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Real Estate Segment | $1.4B | 95.1% |
| Other | $72.4M | 4.9% |
Simon Property Group Revenue by Segment — Quarterly Trend
Simon Property Group revenue by segment across the last 4 reported quarters, showing how each business line (such as Real Estate Segment and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Real Estate Segment | $1.7B | $1.5B | $1.4B | $1.4B |
| Other | $86.3M | $103.2M | $86.0M | $72.4M |
Simon Property Group Annual Revenue by Year
Simon Property Group annual revenue history includes year-by-year totals (for example, 2025 revenue was $6.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $6.4B |
| 2024 | $6.0B |
| 2023 | $5.7B |
| 2022 | $5.3B |
Simon Property Group Quarterly Revenue & Net Profit History
Simon Property Group results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.8B | +13.2% | $3.5B | 197.6% |
| Q3 FY2025 | $1.6B | +8.2% | $702.7M | 43.9% |
| Q2 FY2025 | $1.5B | +2.8% | $643.7M | 43.0% |
| Q1 FY2025 | $1.5B | +2.1% | $477.9M | 32.4% |
| Q4 FY2024 | $1.6B | +3.6% | $771.8M | 48.8% |
| Q3 FY2024 | $1.5B | +4.9% | $546.7M | 36.9% |
| Q2 FY2024 | $1.5B | +6.5% | $569.4M | 39.0% |
| Q1 FY2024 | $1.4B | +6.8% | $841.2M | 58.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.46B | $1.48B | $1.58B | $1.47B | $1.50B | $1.60B | $1.79B |
| YoY Growth | 6.8% | 6.5% | 4.9% | 3.6% | 2.1% | 2.8% | 8.2% | 13.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $33.70B | $33.38B | $33.28B | $32.41B | $32.50B | $33.30B | $33.60B | $40.61B |
| Liabilities | $29.93B | $29.79B | $29.95B | $28.81B | $29.23B | $30.20B | $30.63B | $33.90B |
| Equity | $3.11B | $2.94B | $2.71B | $2.94B | $2.61B | $2.45B | $2.35B | $5.21B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $773.1M | $1.06B | $892.9M | $1.09B | $827.2M | $1.22B | $890.3M | $1.20B |