(SPG) Simon Property - Overview
Sector: Real Estate | Industry: REIT - Retail | Exchange: NYSE (USA) | Market Cap: 77.060m USD | Total Return: 31.5% in 12m
Shopping Malls, Outlet Centers, Retail Spaces, Mixed-Use Developments
Total Rating 57
Safety 57
Buy Signal 0.09
REIT - Retail
Industry Rotation: +1.8
Industry Rotation: +1.8
Market Cap:
77.1B
Avg Turnover: 272M
Avg Turnover: 272M
Risk 3d forecast
Volatility21.9%
VaR 5th Pctl3.72%
VaR vs Median3.02%
Reward TTM
Sharpe Ratio1.34
Rel. Str. IBD63
Rel. Str. Peer Group71.7
Character TTM
Beta0.582
Beta Downside0.604
Hurst Exponent0.547
Drawdowns 3y
Max DD24.32%
CAGR/Max DD1.36
CAGR/Mean DD7.04
EPS (Earnings per Share)
EPS CAGR: 1.46%
EPS Trend: 18.5%
EPS Trend: 18.5%
Last SUE: -0.76
Qual. Beats: 0
Qual. Beats: 0
Revenue
Rev. CAGR: 6.34%
Rev. Trend: 97.2%
Rev. Trend: 97.2%
Last SUE: 1.11
Qual. Beats: 2
Qual. Beats: 2
Warnings
Altman Z'' 0.53 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Description: SPG Simon Property
Simon Property Group (SPG) is a self-managed Real Estate Investment Trust (REIT) focused on the ownership, development, and management of high-tier shopping, dining, and mixed-use destinations. Its portfolio is structured around four primary platforms: traditional malls, Premium Outlets, The Mills, and international properties. As a REIT, the company is legally required to distribute at least 90% of its taxable income to shareholders in the form of dividends.
The company operates through a majority-owned partnership subsidiary, the Operating Partnership, which holds its extensive global assets. Beyond its core North American holdings, Simon maintains a significant international footprint through an 88% interest in The Taubman Realty Group and a 22.4% stake in Klepierre, a European retail real estate firm. Retail REITs like Simon generate revenue primarily through long-term lease agreements with diverse tenants, ranging from luxury brands to anchor department stores.
Investors can evaluate the company’s underlying asset quality and valuation metrics further on ValueRay. As of late 2024, the company’s portfolio spanned 229 properties totaling 183 million square feet across North America, Asia, and Europe.
- Occupancy rates and lease spreads across premier mall and outlet portfolios
- Consumer discretionary spending levels impact tenant sales and variable rent revenue
- Interest rate fluctuations influence debt refinancing costs and capital distribution levels
- Strategic investments in retail brands and international properties diversify revenue streams
- High-quality redevelopment projects drive increased foot traffic and property valuation growth
Piotroski VR‑10 (Strict)
3.0
| Net Income: 4.68b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -1.14 > 1.0 |
| NWC/Revenue: -4.20% < 20% (prev -17.67%; Δ 13.47% < -1%) |
| CFO/TA 0.10 > 3% & CFO 4.15b > Net Income 4.68b |
| Net Debt (28.44b) to EBITDA (7.71b): 3.69 < 3 |
| Current Ratio: 0.84 > 1.5 & < 3 |
| Outstanding Shares: last quarter (324.0m) vs 12m ago -0.70% < -2% |
| Gross Margin: 85.24% > 18% (prev 0.83%; Δ 8.44k% > 0.5%) |
| Asset Turnover: 18.43% > 50% (prev 18.44%; Δ -0.01% > 0%) |
| Interest Coverage Ratio: 5.98 > 6 (EBITDA TTM 7.71b / Interest Expense TTM 1.02b) |
Altman Z''
0.53
| A: -0.01 (Total Current Assets 1.42b - Total Current Liabilities 1.70b) / Total Assets 39.64b |
| B: -0.12 (Retained Earnings -4.88b / Total Assets 39.64b) |
| C: 0.17 (EBIT TTM 6.12b / Avg Total Assets 36.07b) |
| D: -0.15 (Book Value of Equity -5.10b / Total Liabilities 33.30b) |
| Altman-Z'' Score: 0.53 = B |
Beneish M
-3.42
| DSRI: 1.02 (Receivables 880.8m/779.9m, Revenue 6.65b/5.99b) |
| GMI: 0.97 (GM 85.24% / 82.78%) |
| AQI: 0.21 (AQ_t 0.19 / AQ_t-1 0.92) |
| SGI: 1.11 (Revenue 6.65b / 5.99b) |
| TATA: 0.01 (NI 4.68b - CFO 4.15b) / TA 39.64b) |
| Beneish M-Score: -3.42 (Cap -4..+1) = AA |
What is the price of SPG shares?
As of May 21, 2026, the stock is trading at USD 204.10 with a total of 800,887 shares traded.
Over the past week, the price has changed by +1.77%, over one month by -1.67%, over three months by +2.36% and over the past year by +31.50%.
Over the past week, the price has changed by +1.77%, over one month by -1.67%, over three months by +2.36% and over the past year by +31.50%.
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.
- StrongBuy: 7
- Buy: 2
- Hold: 10
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the SPG price?
| Analysts Target Price | 209.5 | 2.6% |
Simon Property (SPG) - Fundamental Data Overview
as of 16 May 2026
P/E Trailing = 14.1029 P/E Forward = 29.7619
P/S = 11.5904
P/B = 12.7052
P/EG = 8.7406
Revenue TTM = 6.65b USD
EBIT TTM = 6.12b USD
EBITDA TTM = 7.71b USD
Long Term Debt = 28.43b USD (from longTermDebt, last fiscal year)
Short Term Debt = 7.31b USD (from shortTermDebt, last fiscal year)
Debt = 28.98b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 28.44b USD (from netDebt column, last quarter)
Enterprise Value = 105.50b USD (77.06b + Debt 28.98b - CCE 543.0m)
Interest Coverage Ratio = 5.98 (Ebit TTM 6.12b / Interest Expense TTM 1.02b)
EV/FCF = 32.33x (Enterprise Value 105.50b / FCF TTM 3.26b)
FCF Yield = 3.09% (FCF TTM 3.26b / Enterprise Value 105.50b)
FCF Margin = 49.08% (FCF TTM 3.26b / Revenue TTM 6.65b)
Net Margin = 70.40% (Net Income TTM 4.68b / Revenue TTM 6.65b)
Gross Margin = 85.24% ((Revenue TTM 6.65b - Cost of Revenue TTM 981.6m) / Revenue TTM)
Gross Margin QoQ = 80.26% (prev 91.37%)
Tobins Q-Ratio = 2.66 (Enterprise Value 105.50b / Total Assets 39.64b)
Interest Expense / Debt = 0.95% (Interest Expense 275.7m / Debt 28.98b)
Taxrate = 0.66% (35.8m / 5.40b)
NOPAT = 6.08b (EBIT 6.12b * (1 - 0.66%))
Current Ratio = 0.84 (Total Current Assets 1.42b / Total Current Liabilities 1.70b)
Debt / Equity = 5.96 (Debt 28.98b / totalStockholderEquity, last quarter 4.86b)
Debt / EBITDA = 3.69 (Net Debt 28.44b / EBITDA 7.71b)
Debt / FCF = 8.71 (Net Debt 28.44b / FCF TTM 3.26b)
Total Stockholder Equity = 3.72b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.98% (Net Income 4.68b / Total Assets 39.64b)
RoE = 125.9% (Net Income TTM 4.68b / Total Stockholder Equity 3.72b)
RoCE = 19.04% (EBIT 6.12b / Capital Employed (Equity 3.72b + L.T.Debt 28.43b))
RoIC = 20.38% (NOPAT 6.08b / Invested Capital 29.84b)
WACC = 6.09% (E(77.06b)/V(106.04b) * Re(8.03%) + D(28.98b)/V(106.04b) * Rd(0.95%) * (1-Tc(0.01)))
Discount Rate = 8.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 26.97 | Cagr: -0.26%
[DCF] Terminal Value 86.06% ; FCFF base≈3.18b ; Y1≈3.21b ; Y5≈3.48b
[DCF] Fair Price = 221.4 (EV 100.22b - Net Debt 28.44b = Equity 71.78b / Shares 324.3m; r=6.09% [WACC]; 5y FCF grow 0.72% → 3.0% )
EPS Correlation: 18.48 | EPS CAGR: 1.46% | SUE: -0.76 | # QB: 0
Revenue Correlation: 97.23 | Revenue CAGR: 6.34% | SUE: 1.11 | # QB: 2
EPS current Quarter (2026-06-30): EPS=1.64 | Chg30d=+2.28% | Revisions=+0% | Analysts=3
EPS next Quarter (2026-09-30): EPS=1.73 | Chg30d=+1.56% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=6.67 | Chg30d=+1.02% | Revisions=-20% | GrowthEPS=+12.8% | GrowthRev=+11.7%
EPS next Year (2027-12-31): EPS=7.01 | Chg30d=+1.37% | Revisions=-20% | GrowthEPS=+5.1% | GrowthRev=+2.7%
[Analyst] Revisions Ratio: -20%