SPG Stock Analysis: Simon Property | NYSE
REIT - Retail | NYSE, USA | Market Cap: 77.698m USD | 12M Return: 17.8% | US8288061091 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 240M
EPS Trend: 52.2%
Qual. Beats: 0
Rev. Trend: 95.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Simon Property Group, Inc. (NYSE: SPG) is a self-administered and self-managed real estate investment trust (REIT) that owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations, primarily consisting of malls, Premium Outlets, The Mills, and International Properties. As a Retail REIT, SPG benefits from the REIT structure, which requires the distribution of at least 90% of taxable income as dividends in exchange for pass-through taxation.
At December 31, 2024, the company owned or held interests in 229 properties totaling 183 million square feet across North America, Asia, and Europe. Its portfolio includes an 88% interest in The Taubman Realty Group (22 regional, super-regional, and outlet malls in the U.S. and Asia) and a 22.4% ownership stake in Klepierre, a Paris-based operator of shopping centers across 14 European countries.
Founded in 1960 and headquartered in Indianapolis, Indiana, SPG is a large-cap stock in the Real Estate sector (GICS Sub-Industry: Retail REITs), trading on the NYSE since its 1993 IPO. As a mall-focused REIT, the company operates in a segment that has faced long-term structural pressure from the growth of e-commerce, though top operators like SPG have pursued mixed-use development and experiential retail to sustain foot traffic and rental income.
- Retail REIT occupancy and leasing spreads expand
- Premium Outlets segment outpaces mall portfolio growth
- Rate cut outlook pressures REIT dividend yield appeal
| Net Income: 4.61b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -1.25 > 1.0 |
| NWC/Revenue: 1.37% < 20% (prev -22.71%; Δ 24.08% < -1%) |
| CFO/TA 0.10 > 3% & CFO 4.13b > Net Income 4.61b |
| Net Debt (29.1b) to EBITDA (7.79b): 3.74 < 3 |
| Current Ratio: 1.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (324.0m) vs 12m ago -0.95% < -2% |
| Gross Margin: 84.58% > 18% (prev 83.11%; Δ 1.48% > 0.5%) |
| Asset Turnover: 19.01% > 50% (prev 18.12%; Δ 0.89% > 0%) |
| Interest Coverage Ratio: 5.67 > 6 (EBIT TTM 6.08b / Interest Expense TTM 1.07b) |
| A: 0.00 (Total Current Assets 1.90b - Total Current Liabilities 1.81b) / Total Assets 39.7b |
| B: -0.13 (Retained Earnings -5.13b / Total Assets 39.7b) |
| C: 0.17 (EBIT TTM 6.08b / Avg Total Assets 36.5b) |
| D: 0.13 (Book Value of Equity 4.43b / Total Liabilities 34.1b) |
| Altman-Z'' = 0.85 = B |
| DSRI: 0.99 (Receivables 884.2m/777.5m, Revenue 6.94b/6.03b) |
| GMI: 0.98 (GM 83.11% / 84.58%) |
| AQI: 0.20 (AQ_t 0.19 / AQ_t-1 0.92) |
| SGI: 1.15 (Revenue 6.94b / 6.03b) |
| TATA: 0.01 (NI 4.61b - CFO 4.13b) / TA 39.7b) |
| Beneish M = -3.42 (Cap -4..+1) = AA |
As of September 18, 2026, the stock is trading at USD 204.47 with a total of 1,347,496 shares traded. Over the past week, the price has changed by -0.10%, over one month by -6.77%, over three months by -1.52% and over the past year by +17.84%.
Current recommended Stop Loss: 196.60 (which is 3.8% or 2.2 ATR below the current price).
Simon Property has received a consensus analysts rating of 3.84. Therefore, it is recommended to buy SPG.
- StrongBuy: 7
- Buy: 2
- Hold: 10
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 236.9 | 15.9% |
P/E Trailing = 14.4337
P/E Forward = 30.7692
P/S = 11.1944
P/B = 15.0605
P/EG = 8.7406
Revenue TTM = 6.94b USD
EBIT TTM = 6.08b USD
EBITDA TTM = 7.79b USD
Long Term Debt = 28.7b USD (from longTermDebt, last quarter)
Short Term Debt = 7.31b USD (from shortTermDebt, last fiscal year)
Debt = 30.2b USD (from shortLongTermDebtTotal, last quarter) + Leases 727.9m
Net Debt = 29.1b USD (calculated: Debt 30.2b - CCE 1.02b)
Enterprise Value = 107b USD (77.7b + Debt 30.2b - CCE 1.02b)
Interest Coverage Ratio = 5.67 (Ebit TTM 6.08b / Interest Expense TTM 1.07b)
EV/FCF = 32.86x (Enterprise Value 107b / FCF TTM 3.25b)
FCF Yield = 3.04% (FCF TTM 3.25b / Enterprise Value 107b)
FCF Margin = 46.84% (FCF TTM 3.25b / Revenue TTM 6.94b)
Net Margin = 66.39% (Net Income TTM 4.61b / Revenue TTM 6.94b)
Gross Margin = 84.58% ((Revenue TTM 6.94b - Cost of Revenue TTM 1.07b) / Revenue TTM)
Gross Margin QoQ = 83.06% (prev 80.26%)
Tobins Q-Ratio = 2.69 (Enterprise Value 107b / Total Assets 39.7b)
Interest Expense / Debt = 3.55% (Interest Expense 1.07b / Debt 30.2b)
Taxrate = 1.85% (10.8m / 584.9m)
NOPAT = 5.96b (EBIT 6.08b * (1 - 1.85%))
Current Ratio = 1.05 (Total Current Assets 1.90b / Total Current Liabilities 1.81b)
Debt / Equity = 6.80 (Debt 30.2b / totalStockholderEquity, last quarter 4.43b)
Debt / EBITDA = 3.74 (Net Debt 29.1b / EBITDA 7.79b)
Debt / FCF = 8.96 (Net Debt 29.1b / FCF TTM 3.25b)
Total Stockholder Equity = 4.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.62% (Net Income 4.61b / Total Assets 39.7b)
RoE = 109.4% (Net Income TTM 4.61b / Total Stockholder Equity 4.21b)
RoCE = 18.46% (EBIT 6.08b / Capital Employed (Equity 4.21b + L.T.Debt 28.7b))
RoIC = 13.30% (NOPAT 5.96b / Invested Capital 44.9b)
WACC = 6.14% (E(77.7b)/V(108b) * Re(7.17%) + D(30.2b)/V(108b) * Rd(3.55%) * (1-Tc(0.02)))
Discount Rate = 7.17% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -48.22 | Cagr: -0.26%
[DCF] Terminal Value 75.89% ; FCFF base≈3.21b ; Y1≈3.31b ; Y5≈3.71b
[DCF] Fair Price = 87.39 (EV 57.4b - Net Debt 29.1b = Equity 28.3b / Shares 323.6m; r=8.35% [WACC [floored]]; 5y FCF grow 3.44% → 2.50% )
EPS Correlation: 52.20 | EPS CAGR: 5.99% | SUE: 0.35 | # QB: 0
Revenue Correlation: 95.40 | Revenue CAGR: 7.23% | SUE: 0.81 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.64 | Chg30d=+0.37% | Revisions=-25% | Analysts=4
EPS current Year (2026-12-31): EPS=6.22 | Chg30d=-3.42% | Revisions=-40% | GrowthEPS=+5.2% | GrowthRev=+14.3%
EPS next Year (2027-12-31): EPS=6.69 | Chg30d=-0.71% | Revisions=-17% | GrowthEPS=+7.6% | GrowthRev=+4.0%
[Analyst] Revisions Ratio: -44% (up=1, down=5)