Simon Property Group Inc. (SPG.PJ) stock
SPG.PJNYSEReal Estate Investment TrustsFiscal year ends December 31Also trades as SPG
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026Score 8/302% above fair value
$53.11+0.37 (+0.70%)
Close on Oct 30, 2026Market cap $70.46BP/E 15.4Yield 3.93%
Simon Property operating margin
Operating margin is operating income as a percentage of revenue.
Simon Property's operating margin for the twelve months ending Jun 30, 2026 was 47.4%. For fiscal 2025 it was 49.9%, against 51.9% the year before. The highest annual figure on record is 51.9% in fiscal 2024.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 49.9% | −2.0 |
| FY2024 | Dec 31, 2024 | 51.9% | +2.3 |
| FY2023 | Dec 31, 2023 | 49.6% | +0.8 |
| FY2022 | Dec 31, 2022 | 48.8% | +1.7 |
| FY2021 | Dec 31, 2021 | 47.2% | +4.4 |
| FY2020 | Dec 31, 2020 | 42.8% | −7.8 |
| FY2019 | Dec 31, 2019 | 50.6% | −1.2 |
| FY2018 | Dec 31, 2018 | 51.8% | +1.1 |
| FY2017 | Dec 31, 2017 | 50.7% | +0.6 |
| FY2016 | Dec 31, 2016 | 50.1% | −0.6 |
| FY2015 | Dec 31, 2015 | 50.7% | +1.7 |
| FY2014 | Dec 31, 2014 | 49.0% | +0.8 |
| FY2013 | Dec 31, 2013 | 48.2% | +1.0 |
| FY2012 | Dec 31, 2012 | 47.1% | +2.0 |
| FY2011 | Dec 31, 2011 | 45.1% | +1.0 |
| FY2010 | Dec 31, 2010 | 44.1% | +6.9 |
| FY2009 | Dec 31, 2009 | 37.3% | −3.5 |
| FY2008 | Dec 31, 2008 | 40.8% | −1.2 |
| FY2007 | Dec 31, 2007 | 42.0% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 46.0% | −3.6 |
| Q1 FY2026 | Mar 31, 2026 | 43.4% | −6.0 |
| Q4 FY2025 | Dec 31, 2025 | 49.7% | −3.1 |
| Q3 FY2025 | Sep 30, 2025 | 50.8% | −1.1 |
| Q2 FY2025 | Jun 30, 2025 | 49.7% | −2.0 |
| Q1 FY2025 | Mar 31, 2025 | 49.4% | −1.6 |
| Q4 FY2024 | Dec 31, 2024 | 52.8% | +1.0 |
| Q3 FY2024 | Sep 30, 2024 | 51.9% | +2.6 |
| Q2 FY2024 | Jun 30, 2024 | 51.7% | +3.7 |
| Q1 FY2024 | Mar 31, 2024 | 51.0% | +1.9 |
| Q4 FY2023 | Dec 31, 2023 | 51.9% | +3.0 |
| Q3 FY2023 | Sep 30, 2023 | 49.2% | −0.4 |
| Q2 FY2023 | Jun 30, 2023 | 48.0% | −0.9 |
| Q1 FY2023 | Mar 31, 2023 | 49.1% | +1.2 |
| Q4 FY2022 | Dec 31, 2022 | 48.9% | +4.3 |
| Q3 FY2022 | Sep 30, 2022 | 49.6% | +2.3 |
| Q2 FY2022 | Jun 30, 2022 | 49.0% | +0.8 |
| Q1 FY2022 | Mar 31, 2022 | 47.9% | −0.9 |
| Q4 FY2021 | Dec 31, 2021 | 44.6% | +3.8 |
| Q3 FY2021 | Sep 30, 2021 | 47.2% | +9.1 |
| Q2 FY2021 | Jun 30, 2021 | 48.2% | +5.8 |
| Q1 FY2021 | Mar 31, 2021 | 48.8% | +0.4 |
| Q4 FY2020 | Dec 31, 2020 | 40.8% | −8.4 |
| Q3 FY2020 | Sep 30, 2020 | 38.1% | −13.2 |
| Q2 FY2020 | Jun 30, 2020 | 42.5% | −10.2 |
| Q1 FY2020 | Mar 31, 2020 | 48.4% | −3.1 |
| Q2 FY2019 | Sep 30, 2019 | 49.3% | −3.3 |
| Q1 FY2019 | Mar 31, 2019 | 51.3% | +0.7 |
| Q4 FY2018 | Dec 31, 2018 | 52.7% | +0.2 |
| Q3 FY2018 | Sep 30, 2018 | 51.5% | +2.3 |
| Q2 FY2018 | Jun 30, 2018 | 52.6% | +2.2 |
| Q1 FY2018 | Mar 31, 2018 | 50.6% | +0.3 |
| Q4 FY2017 | Dec 31, 2017 | 52.5% | +3.4 |
| Q3 FY2017 | Sep 30, 2017 | 49.2% | −0.7 |
| Q2 FY2017 | Jun 30, 2017 | 50.4% | +0.3 |
| Q1 FY2017 | Mar 31, 2017 | 50.3% | – |
| Q4 FY2016 | Dec 31, 2016 | 49.1% | – |
| Q3 FY2016 | Sep 30, 2016 | 49.8% | – |
| Q2 FY2016 | Jun 30, 2016 | 50.1% | – |