(SPG) Simon Property - Ratings and Ratios
Malls, Premium Outlets, The Mills, Mixed-Use, International
SPG EPS (Earnings per Share)
SPG Revenue
Description: SPG Simon Property
Simon Property Group, Inc. (NYSE: SPG) operates as a self-administered REIT, with its majority-owned partnership subsidiary, Simon Property Group, L.P., holding all underlying real-estate assets. The corporate structure consolidates the operating partnership, its subsidiaries, and the broader corporate entity under the “Company” designation.
As of 31 December 2024, SPG owned or held interests in 229 properties spanning ≈ 183 million sq ft across North America, Asia, and Europe. Its portfolio mix includes traditional malls, Premium Outlets, The Mills mixed-use centers, and a suite of international assets. The firm also controls an 88 % stake in The Taubman Realty Group (TRG), which operates 22 regional, super-regional, and outlet malls, and maintains a 22.4 % equity interest in Klepierre, a Paris-based shopping-center operator active in 14 European markets.
Key performance indicators from the most recent fiscal year (2023) show a funds-from-operations (FFO) of roughly $5.5 billion, an occupancy rate of ≈ 93 %, and a dividend yield near 5.5 %. The leverage ratio (net debt to EBITDA) stood at ≈ 5.7 ×, indicating moderate financing risk relative to peers.
Sector-level drivers that materially affect SPG’s outlook include: (1) consumer discretionary spending trends, which are sensitive to inflation and employment dynamics; (2) the competitive pressure from e-commerce, prompting SPG to emphasize experiential tenants and mixed-use concepts; and (3) the prevailing interest-rate environment, as higher rates increase REIT borrowing costs and can compress valuation multiples.
For a deeper quantitative breakdown, the ValueRay platform offers a granular view of SPG’s valuation metrics and scenario analysis.
SPG Stock Overview
| Market Cap in USD | 66,577m |
| Sub-Industry | Retail REITs |
| IPO / Inception | 1993-12-13 |
SPG Stock Ratings
| Growth Rating | 58.6% |
| Fundamental | 64.5% |
| Dividend Rating | 78.6% |
| Return 12m vs S&P 500 | -6.85% |
| Analyst Rating | 3.84 of 5 |
SPG Dividends
| Dividend Yield 12m | 4.74% |
| Yield on Cost 5y | 17.31% |
| Annual Growth 5y | 7.79% |
| Payout Consistency | 94.8% |
| Payout Ratio | 139.4% |
SPG Growth Ratios
| Growth Correlation 3m | 77% |
| Growth Correlation 12m | 8.8% |
| Growth Correlation 5y | 79.9% |
| CAGR 5y | 27.91% |
| CAGR/Max DD 3y (Calmar Ratio) | 1.15 |
| CAGR/Mean DD 3y (Pain Ratio) | 4.34 |
| Sharpe Ratio 12m | 0.90 |
| Alpha | -15.17 |
| Beta | 1.531 |
| Volatility | 22.90% |
| Current Volume | 1045.5k |
| Average Volume 20d | 1401.8k |
| Stop Loss | 172.7 (-3%) |
| Signal | -0.04 |
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (2.12b TTM) > 0 and > 6% of Revenue (6% = 362.1m TTM) |
| FCFTA 0.09 (>2.0%) and ΔFCFTA 0.30pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -22.68% (prev -0.52%; Δ -22.15pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.12 (>3.0%) and CFO 4.02b > Net Income 2.12b (YES >=105%, WARN >=100%) |
| Net Debt (24.69b) to EBITDA (4.78b) ratio: 5.17 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.59 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (327.1m) change vs 12m ago 0.34% (target <= -2.0% for YES) |
| Gross Margin 83.11% (prev 82.55%; Δ 0.56pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 18.10% (prev 17.49%; Δ 0.61pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.67 (EBITDA TTM 4.78b / Interest Expense TTM 913.6m) >= 6 (WARN >= 3) |
Altman Z'' -0.51
| (A) -0.04 = (Total Current Assets 2.01b - Total Current Liabilities 3.38b) / Total Assets 33.30b |
| (B) -0.21 = Retained Earnings (Balance) -6.84b / Total Assets 33.30b |
| (C) 0.10 = EBIT TTM 3.35b / Avg Total Assets 33.34b |
| (D) -0.23 = Book Value of Equity -7.09b / Total Liabilities 30.20b |
| Total Rating: -0.51 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 64.51
| 1. Piotroski 4.50pt = -0.50 |
| 2. FCF Yield 3.44% = 1.72 |
| 3. FCF Margin 52.08% = 7.50 |
| 4. Debt/Equity 10.57 = -2.50 |
| 5. Debt/Ebitda 5.17 = -2.50 |
| 6. ROIC - WACC (= 2.89)% = 3.61 |
| 7. RoE 79.00% = 2.50 |
| 8. Rev. Trend 80.95% = 6.07 |
| 9. EPS Trend -27.96% = -1.40 |
What is the price of SPG shares?
Over the past week, the price has changed by +0.90%, over one month by -1.46%, over three months by +10.05% and over the past year by +7.33%.
Is Simon Property a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SPG is around 196.27 USD . This means that SPG is currently undervalued and has a potential upside of +10.21% (Margin of Safety).
Is SPG a buy, sell or hold?
- Strong Buy: 7
- Buy: 2
- Hold: 10
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the SPG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 187.2 | 5.1% |
| Analysts Target Price | 187.2 | 5.1% |
| ValueRay Target Price | 219.1 | 23% |
Last update: 2025-10-16 03:54
SPG Fundamental Data Overview
P/E Trailing = 27.2605
P/E Forward = 29.6736
P/S = 11.0329
P/B = 25.0548
P/EG = 8.7406
Beta = 1.531
Revenue TTM = 6.03b USD
EBIT TTM = 3.35b USD
EBITDA TTM = 4.78b USD
Long Term Debt = 25.40b USD (from longTermDebt, last quarter)
Short Term Debt = 2.68b USD (from shortTermDebt, last fiscal year)
Debt = 25.92b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 24.69b USD (from netDebt column, last quarter)
Enterprise Value = 91.26b USD (66.58b + Debt 25.92b - CCE 1.23b)
Interest Coverage Ratio = 3.67 (Ebit TTM 3.35b / Interest Expense TTM 913.6m)
FCF Yield = 3.44% (FCF TTM 3.14b / Enterprise Value 91.26b)
FCF Margin = 52.08% (FCF TTM 3.14b / Revenue TTM 6.03b)
Net Margin = 35.06% (Net Income TTM 2.12b / Revenue TTM 6.03b)
Gross Margin = 83.11% ((Revenue TTM 6.03b - Cost of Revenue TTM 1.02b) / Revenue TTM)
Gross Margin QoQ = 85.65% (prev 81.37%)
Tobins Q-Ratio = 2.74 (Enterprise Value 91.26b / Total Assets 33.30b)
Interest Expense / Debt = 0.90% (Interest Expense 232.7m / Debt 25.92b)
Taxrate = 5.17% (35.1m / 678.8m)
NOPAT = 3.18b (EBIT 3.35b * (1 - 5.17%))
Current Ratio = 0.59 (Total Current Assets 2.01b / Total Current Liabilities 3.38b)
Debt / Equity = 10.57 (Debt 25.92b / totalStockholderEquity, last quarter 2.45b)
Debt / EBITDA = 5.17 (Net Debt 24.69b / EBITDA 4.78b)
Debt / FCF = 7.86 (Net Debt 24.69b / FCF TTM 3.14b)
Total Stockholder Equity = 2.68b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.35% (Net Income 2.12b / Total Assets 33.30b)
RoE = 79.00% (Net Income TTM 2.12b / Total Stockholder Equity 2.68b)
RoCE = 11.94% (EBIT 3.35b / Capital Employed (Equity 2.68b + L.T.Debt 25.40b))
RoIC = 11.52% (NOPAT 3.18b / Invested Capital 27.58b)
WACC = 8.63% (E(66.58b)/V(92.49b) * Re(11.66%) + D(25.92b)/V(92.49b) * Rd(0.90%) * (1-Tc(0.05)))
Discount Rate = 11.66% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.18%
[DCF Debug] Terminal Value 66.33% ; FCFE base≈3.11b ; Y1≈3.13b ; Y5≈3.36b
Fair Price DCF = 106.4 (DCF Value 34.72b / Shares Outstanding 326.5m; 5y FCF grow 0.20% → 3.0% )
EPS Correlation: -27.96 | EPS CAGR: -6.79% | SUE: -0.55 | # QB: 0
Revenue Correlation: 80.95 | Revenue CAGR: 4.84% | SUE: 0.57 | # QB: 0
Additional Sources for SPG Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle