(SPG) Simon Property - Ratings and Ratios
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US8288061091
Malls, Outlets, Mixed-Use, Retail, International
Dividends
| Dividend Yield | 5.83% |
| Yield on Cost 5y | 15.60% |
| Yield CAGR 5y | 7.79% |
| Payout Consistency | 94.8% |
| Payout Ratio | 137.9% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 21.8% |
| Value at Risk 5%th | 33.6% |
| Relative Tail Risk | -6.39% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.18 |
| Alpha | -7.59 |
| CAGR/Max DD | 0.91 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.382 |
| Beta | 0.886 |
| Beta Downside | 1.078 |
| Drawdowns 3y | |
|---|---|
| Max DD | 24.32% |
| Mean DD | 6.53% |
| Median DD | 4.71% |
Description: SPG Simon Property December 03, 2025
Simon Property Group, Inc. (NYSE: SPG) operates as a self-administered REIT, with its majority-owned Operating Partnership holding 229 shopping-center assets (≈183 million sq ft) across North America, Europe, and Asia as of 31 Dec 2024. The portfolio includes upscale malls, Premium Outlets, The Mills, and mixed-use sites, and the firm maintains strategic stakes in Taubman Realty Group (88 % ownership) and Klepierre (22.4 %).
Key performance indicators from the most recent filing show an occupancy rate of roughly 94 % and same-store sales growth of 3 % YoY, supporting a 2024 adjusted FFO of $2.5 billion ($5.85 per share) and a dividend yield near 5.5 %. The company’s leverage sits at a net-debt-to-EBITDA ratio of about 5.5×, reflecting a balance between growth-oriented acquisitions and the higher financing costs tied to the current 5 %-plus interest-rate environment. Sector-wide, consumer discretionary spending trends and the shift toward experiential retail are the primary drivers of foot-traffic and rent-growth potential for premium mall operators.
For a deeper quantitative view of SPG’s valuation metrics, you might find ValueRay’s analyst toolkit worth a look.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (2.23b TTM) > 0 and > 6% of Revenue (6% = 369.3m TTM) |
| FCFTA 0.11 (>2.0%) and ΔFCFTA 2.14pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -16.67% (prev -2.00%; Δ -14.68pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.12 (>3.0%) and CFO 4.02b > Net Income 2.23b (YES >=105%, WARN >=100%) |
| Net Debt (24.77b) to EBITDA (4.70b) ratio: 5.27 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.70 (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 0.30% (target <= -2.0% for YES) |
| Gross Margin 83.33% (prev 83.03%; Δ 0.29pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 18.41% (prev 17.76%; Δ 0.65pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.77 (EBITDA TTM 4.70b / Interest Expense TTM 1.85b) >= 6 (WARN >= 3) |
Altman Z'' -0.46
| (A) -0.03 = (Total Current Assets 2.37b - Total Current Liabilities 3.40b) / Total Assets 33.60b |
| (B) -0.21 = Retained Earnings (Balance) -6.93b / Total Assets 33.60b |
| (C) 0.10 = EBIT TTM 3.28b / Avg Total Assets 33.44b |
| (D) -0.24 = Book Value of Equity -7.22b / Total Liabilities 30.63b |
| Total Rating: -0.46 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 68.38
| 1. Piotroski 4.50pt |
| 2. FCF Yield 4.05% |
| 3. FCF Margin 61.74% |
| 4. Debt/Equity 11.20 |
| 5. Debt/Ebitda 5.27 |
| 6. ROIC - WACC (= 3.73)% |
| 7. RoE 86.35% |
| 8. Rev. Trend 90.29% |
| 9. EPS Trend 8.52% |
What is the price of SPG shares?
As of December 07, 2025, the stock is trading at USD 182.56 with a total of 701,854 shares traded.
Over the past week, the price has changed by -2.02%, over one month by +0.64%, over three months by +1.36% and over the past year by +5.39%.
Over the past week, the price has changed by -2.02%, over one month by +0.64%, over three months by +1.36% and over the past year by +5.39%.
Is SPG a buy, sell or hold?
Simon Property has received a consensus analysts rating of 3.84.
Therefore, it is recommended to buy SPG.
- 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 | 192.7 | 5.6% |
| Analysts Target Price | 192.7 | 5.6% |
| ValueRay Target Price | 220.8 | 20.9% |
SPG Fundamental Data Overview November 24, 2025
Market Cap USD = 69.06b (69.06b USD * 1.0 USD.USD)
P/E Trailing = 26.6492
P/E Forward = 29.3255
P/S = 11.2195
P/B = 25.8848
P/EG = 8.7406
Beta = 1.399
Revenue TTM = 6.16b USD
EBIT TTM = 3.28b USD
EBITDA TTM = 4.70b USD
Long Term Debt = 25.79b USD (from longTermDebt, last quarter)
Short Term Debt = 2.72b USD (from shortTermDebt, last fiscal year)
Debt = 26.32b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 24.77b USD (from netDebt column, last quarter)
Enterprise Value = 93.83b USD (69.06b + Debt 26.32b - CCE 1.55b)
Interest Coverage Ratio = 1.77 (Ebit TTM 3.28b / Interest Expense TTM 1.85b)
FCF Yield = 4.05% (FCF TTM 3.80b / Enterprise Value 93.83b)
FCF Margin = 61.74% (FCF TTM 3.80b / Revenue TTM 6.16b)
Net Margin = 36.29% (Net Income TTM 2.23b / Revenue TTM 6.16b)
Gross Margin = 83.33% ((Revenue TTM 6.16b - Cost of Revenue TTM 1.03b) / Revenue TTM)
Gross Margin QoQ = 83.44% (prev 85.65%)
Tobins Q-Ratio = 2.79 (Enterprise Value 93.83b / Total Assets 33.60b)
Interest Expense / Debt = 4.42% (Interest Expense 1.16b / Debt 26.32b)
Taxrate = 2.14% (15.1m / 705.2m)
NOPAT = 3.21b (EBIT 3.28b * (1 - 2.14%))
Current Ratio = 0.70 (Total Current Assets 2.37b / Total Current Liabilities 3.40b)
Debt / Equity = 11.20 (Debt 26.32b / totalStockholderEquity, last quarter 2.35b)
Debt / EBITDA = 5.27 (Net Debt 24.77b / EBITDA 4.70b)
Debt / FCF = 6.52 (Net Debt 24.77b / FCF TTM 3.80b)
Total Stockholder Equity = 2.59b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.65% (Net Income 2.23b / Total Assets 33.60b)
RoE = 86.35% (Net Income TTM 2.23b / Total Stockholder Equity 2.59b)
RoCE = 11.56% (EBIT 3.28b / Capital Employed (Equity 2.59b + L.T.Debt 25.79b))
RoIC = 11.64% (NOPAT 3.21b / Invested Capital 27.58b)
WACC = 7.91% (E(69.06b)/V(95.38b) * Re(9.28%) + D(26.32b)/V(95.38b) * Rd(4.42%) * (1-Tc(0.02)))
Discount Rate = 9.28% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.18%
[DCF Debug] Terminal Value 74.04% ; FCFE base≈3.50b ; Y1≈3.53b ; Y5≈3.81b
Fair Price DCF = 165.9 (DCF Value 54.17b / Shares Outstanding 326.5m; 5y FCF grow 0.45% → 3.0% )
EPS Correlation: 8.52 | EPS CAGR: 1.38% | SUE: -0.35 | # QB: 0
Revenue Correlation: 90.29 | Revenue CAGR: 5.16% | SUE: 0.99 | # QB: 1
EPS next Quarter (2026-03-31): EPS=1.53 | Chg30d=+0.043 | Revisions Net=+1 | Analysts=3
EPS next Year (2026-12-31): EPS=6.82 | Chg30d=+0.232 | Revisions Net=+1 | Growth EPS=-2.1% | Growth Revenue=+4.2%
P/E Trailing = 26.6492
P/E Forward = 29.3255
P/S = 11.2195
P/B = 25.8848
P/EG = 8.7406
Beta = 1.399
Revenue TTM = 6.16b USD
EBIT TTM = 3.28b USD
EBITDA TTM = 4.70b USD
Long Term Debt = 25.79b USD (from longTermDebt, last quarter)
Short Term Debt = 2.72b USD (from shortTermDebt, last fiscal year)
Debt = 26.32b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 24.77b USD (from netDebt column, last quarter)
Enterprise Value = 93.83b USD (69.06b + Debt 26.32b - CCE 1.55b)
Interest Coverage Ratio = 1.77 (Ebit TTM 3.28b / Interest Expense TTM 1.85b)
FCF Yield = 4.05% (FCF TTM 3.80b / Enterprise Value 93.83b)
FCF Margin = 61.74% (FCF TTM 3.80b / Revenue TTM 6.16b)
Net Margin = 36.29% (Net Income TTM 2.23b / Revenue TTM 6.16b)
Gross Margin = 83.33% ((Revenue TTM 6.16b - Cost of Revenue TTM 1.03b) / Revenue TTM)
Gross Margin QoQ = 83.44% (prev 85.65%)
Tobins Q-Ratio = 2.79 (Enterprise Value 93.83b / Total Assets 33.60b)
Interest Expense / Debt = 4.42% (Interest Expense 1.16b / Debt 26.32b)
Taxrate = 2.14% (15.1m / 705.2m)
NOPAT = 3.21b (EBIT 3.28b * (1 - 2.14%))
Current Ratio = 0.70 (Total Current Assets 2.37b / Total Current Liabilities 3.40b)
Debt / Equity = 11.20 (Debt 26.32b / totalStockholderEquity, last quarter 2.35b)
Debt / EBITDA = 5.27 (Net Debt 24.77b / EBITDA 4.70b)
Debt / FCF = 6.52 (Net Debt 24.77b / FCF TTM 3.80b)
Total Stockholder Equity = 2.59b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.65% (Net Income 2.23b / Total Assets 33.60b)
RoE = 86.35% (Net Income TTM 2.23b / Total Stockholder Equity 2.59b)
RoCE = 11.56% (EBIT 3.28b / Capital Employed (Equity 2.59b + L.T.Debt 25.79b))
RoIC = 11.64% (NOPAT 3.21b / Invested Capital 27.58b)
WACC = 7.91% (E(69.06b)/V(95.38b) * Re(9.28%) + D(26.32b)/V(95.38b) * Rd(4.42%) * (1-Tc(0.02)))
Discount Rate = 9.28% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.18%
[DCF Debug] Terminal Value 74.04% ; FCFE base≈3.50b ; Y1≈3.53b ; Y5≈3.81b
Fair Price DCF = 165.9 (DCF Value 54.17b / Shares Outstanding 326.5m; 5y FCF grow 0.45% → 3.0% )
EPS Correlation: 8.52 | EPS CAGR: 1.38% | SUE: -0.35 | # QB: 0
Revenue Correlation: 90.29 | Revenue CAGR: 5.16% | SUE: 0.99 | # QB: 1
EPS next Quarter (2026-03-31): EPS=1.53 | Chg30d=+0.043 | Revisions Net=+1 | Analysts=3
EPS next Year (2026-12-31): EPS=6.82 | Chg30d=+0.232 | Revisions Net=+1 | Growth EPS=-2.1% | Growth Revenue=+4.2%
Additional Sources for SPG Stock
News:
Wall Street Journal |
Benzinga |
Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle