Simon Property Group Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Simon Property Group Inc reported revenue of $6.4B (+6.7% year on year) and net income of $5.4B (+96.6% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Lease income | $5.8B | $5.4B | $5.2B | $4.9B |
| Management fees and other revenues | $144.4M | $133.3M | $126.0M | $116.9M |
| Other income | $380.9M | $440.8M | $368.5M | $269.4M |
| Total revenue | $6.4B | $6.0B | $5.7B | $5.3B |
| Property operating | $581.0M | $529.8M | $489.3M | $464.1M |
| Depreciation and amortization | $1.4B | $1.3B | $1.3B | $1.2B |
| Real estate taxes | $451.1M | $408.6M | $441.8M | $443.2M |
| Repairs and maintenance | $119.9M | $105.0M | $97.3M | $93.6M |
| Advertising and promotion | $155.8M | $144.6M | $127.3M | $107.8M |
| Home and regional office costs | $251.7M | $223.3M | $207.6M | $184.6M |
| General and administrative | $60.9M | $44.7M | $38.5M | $35.0M |
| Other | $142.2M | $149.7M | $187.8M | $152.2M |
| Total operating expenses | $3.2B | $2.9B | $2.9B | $2.7B |
| OPERATING INCOME BEFORE OTHER ITEMS | $3.2B | $3.1B | $2.8B | $2.6B |
| Interest expense | ($974.8M) | ($905.8M) | ($854.6M) | ($761.3M) |
| (Loss) gain due to disposal, exchange, or revaluation of equity interests, net | ($86.1M) | $451.2M | $362.0M | $121.2M |
| Income and other tax expense | ($35.8M) | ($23.3M) | ($81.9M) | ($83.5M) |
| Income from unconsolidated entities | $504.1M | $207.3M | $375.7M | $648.0M |
| Unrealized (losses) gains in fair value of publicly traded equity instruments and derivative instrument, net | ($106.1M) | ($17.4M) | $11.9M | ($61.2M) |
| Unrealized gains (losses) in fair value of publicly traded equity instruments and derivative instrument, net | ($106.1M) | — | — | — |
| Gain (loss) on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net | $2.9B | ($75.8M) | ($3.1M) | $5.6M |
| CONSOLIDATED NET INCOME | $5.4B | $2.7B | $2.6B | $2.5B |
| Net income (loss) attributable to noncontrolling interests | $736.5M | $358.1M | $333.9M | $312.9M |
| Preferred dividends | $3.3M | $3.3M | $3.3M | $3.3M |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $4.6B | $2.4B | $2.3B | $2.1B |
| General Partner | $4.6B | $2.4B | $2.3B | $2.1B |
| Limited Partners | $730.5M | $358.2M | $333.3M | $308.2M |
| Net income attributable to common stockholders - basic (in dollars per share) | $14.17 | $7.26 | $6.98 | $6.52 |
| Net income attributable to common stockholders - diluted (in dollars per share) | $14.17 | $7.26 | $6.98 | — |
| Unrealized (loss) gain on derivative hedge agreements | ($31.4M) | $16.5M | $18.4M | $54.8M |
| Net loss (gain) reclassified from accumulated other comprehensive loss into earnings | $9.7M | ($5.6M) | ($4.1M) | ($1.6M) |
| Currency translation adjustments | ($52.7M) | ($34.3M) | ($26.5M) | ($28.1M) |
| Changes in available-for-sale securities and other | $3.1M | ($923.0K) | $2.3M | ($2.0M) |
| Comprehensive income | $5.3B | $2.7B | $2.6B | $2.5B |
| Comprehensive income attributable to noncontrolling interests | $723.5M | $354.0M | $331.8M | $315.6M |
| Comprehensive income attributable to common stockholders | $4.6B | $2.4B | $2.3B | $2.2B |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Lease income | $1.7B | $1.6B | $1.5B | $1.4B |
| Management fees and other revenues | $40.8M | $40.2M | $36.9M | $37.9M |
| Other income | $90.1M | $88.4M | $111.7M | $81.1M |
| Total revenue | $1.8B | $1.8B | $1.6B | $1.5B |
| Property operating | $171.4M | $170.8M | $149.8M | $139.8M |
| Depreciation and amortization | $459.9M | $458.9M | $338.6M | $339.1M |
| Real estate taxes | $131.9M | $136.0M | $115.4M | $105.3M |
| Repairs and maintenance | $32.7M | $40.2M | $25.6M | $26.2M |
| Advertising and promotion | $39.1M | $33.9M | $38.6M | $36.3M |
| Home and regional office costs | $69.8M | $67.7M | $64.3M | $57.6M |
| General and administrative | $12.0M | $54.3M | $16.1M | $14.3M |
| Other | $49.7M | $33.2M | $40.2M | $35.7M |
| Total operating expenses | $966.5M | $994.9M | $788.7M | $754.3M |
| OPERATING INCOME BEFORE OTHER ITEMS | $824.1M | $762.2M | $812.9M | $744.2M |
| Interest expense | ($281.2M) | ($275.7M) | ($242.8M) | ($232.7M) |
| (Loss) gain due to disposal, exchange, or revaluation of equity interests, net | ($11.9M) | ($6.4M) | ($8.9M) | $104.5M |
| Income and other tax (expense) benefit | ($10.8M) | $19.9M | ($15.1M) | ($35.1M) |
| Income from unconsolidated entities | $119.1M | ($21.2M) | $143.9M | $122.9M |
| Unrealized losses in fair value of publicly traded equity instruments and derivative instrument, net | ($56.4M) | $25.4M | $2.2M | ($50.5M) |
| (Loss) gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net | ($8.7M) | $64.3M | $10.4M | ($9.6M) |
| CONSOLIDATED NET INCOME | $574.1M | $568.5M | $702.7M | $643.7M |
| Net income (loss) attributable to noncontrolling interests | $90.2M | $88.1M | $95.7M | $86.7M |
| Preferred dividends | $834.0K | $834.0K | $834.0K | $834.0K |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $483.1M | $479.6M | $606.2M | $556.1M |
| General Partner | $483.1M | $479.6M | $606.2M | $556.1M |
| Limited Partners | $83.6M | $82.3M | $94.2M | $86.4M |
| Net income attributable to common stockholders - basic (in dollars per share) | $1.49 | $1.48 | $1.86 | $1.70 |
| Net income attributable to common stockholders - diluted (in dollars per share) | $1.49 | $1.48 | $1.86 | $1.70 |
| Unrealized gain (loss) on derivative hedge agreements | $24.0M | $11.2M | $1.9M | ($18.6M) |
| Net gain reclassified from accumulated other comprehensive loss into earnings | ($1.7M) | ($1.7M) | ($1.6M) | ($1.5M) |
| Currency translation adjustments | ($25.9M) | $16.6M | ($31.0M) | ($22.0M) |
| Changes in available-for-sale securities and other | ($3.2M) | $1.1M | $1.8M | ($211.0K) |
| Comprehensive income | $567.2M | $595.8M | $673.8M | $601.4M |
| Comprehensive income attributable to noncontrolling interests | $89.2M | $91.8M | $91.8M | $81.0M |
| Comprehensive income attributable to common stockholders | $478.0M | $504.0M | $582.0M | $520.4M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Investment properties, at cost | $50.9B | $40.2B | $39.3B | $38.3B |
| Less - accumulated depreciation | $20.7B | $19.0B | $17.7B | $16.6B |
| Investment properties, at cost, net | $30.2B | $21.2B | $21.6B | $21.8B |
| Cash and cash equivalents | $823.1M | $1.4B | $1.2B | $621.6M |
| Tenant receivables and accrued revenue, net | $934.1M | $796.5M | $826.1M | $823.5M |
| Investment, at equity | $5.9B | $7.1B | $8.1B | $8.1B |
| Right-of-use assets, net | $755.9M | $519.6M | $484.1M | $496.9M |
| Deferred costs and other assets | $2.0B | $1.4B | $1.1B | $1.2B |
| Total assets | $40.6B | $32.4B | $34.3B | $33.0B |
| Mortgages and unsecured indebtedness | $28.4B | $24.3B | $26.0B | $25.0B |
| Accounts payable, accrued expenses, intangibles, and deferred revenues | $2.0B | $1.7B | $1.7B | $1.5B |
| Cash distributions and losses in unconsolidated entities, at equity | $1.7B | $1.7B | $1.8B | $1.7B |
| Dividend payable | $2.7M | $2.4M | $1.8M | $2.0M |
| Lease liabilities | $756.5M | $520.3M | $484.9M | $498.0M |
| Other liabilities | $1.0B | $626.2M | $621.6M | $535.7M |
| Total liabilities | $33.9B | $28.8B | $30.6B | $29.2B |
| Limited partners' preferred interest in the Operating Partnership and noncontrolling redeemable interests | $233.3M | $184.7M | $195.9M | $212.2M |
| Series J 83/8% cumulative redeemable preferred stock, 1,000,000 shares authorized, 796,948 issued and outstanding with a liquidation value of $39,847 | 40.5M | 40.8M | 41.1M | 41.4M |
| Common stock, $0.0001 par value, authorized, issued and outstanding, respectively | $33.0K | $33.0K | $33.0K | $34.0K |
| Capital in excess of par value | $12.3B | $11.6B | $11.4B | $11.2B |
| Accumulated deficit | ($4.6B) | ($6.4B) | ($6.1B) | ($5.9B) |
| Accumulated other comprehensive loss | ($251.4M) | ($193.0M) | ($172.8M) | ($164.9M) |
| Common stock held in treasury, at cost, 17,844,817 and 16,675,701 shares, respectively | -2.3B | -2.1B | -2.2B | -2.0B |
| Total stockholders' equity | $5.2B | $2.9B | $3.0B | $3.1B |
| Preferred units, 796,948 units outstanding. Liquidation value of $39,847 | $40.5M | $40.8M | $41.1M | $41.4M |
| General Partner, 325,223,870 and 326,278,138 units outstanding, respectively | $5.2B | $2.9B | $3.0B | $3.1B |
| Limited Partners, 55,689,714 and 50,759,627 units outstanding, respectively | $884.9M | $451.3M | $447.5M | $448.1M |
| Total partners' equity | $6.1B | $3.4B | $3.5B | $3.6B |
| Noncontrolling interests | $1.3B | $472.8M | $468.8M | $473.1M |
| Nonredeemable noncontrolling interests in properties, net | $378.9M | $21.5M | $21.3M | $25.1M |
| Total equity | $6.5B | $3.4B | $3.5B | $3.6B |
| Total liabilities and equity | $40.6B | $32.4B | $34.3B | $33.0B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Investment properties, at cost | $51.1B | $50.9B | $42.6B | $42.4B |
| Less - accumulated depreciation | $21.4B | $21.0B | $20.3B | $20.0B |
| Investment properties, at cost, net | $29.7B | $29.9B | $22.3B | $22.3B |
| Cash and cash equivalents | $1.0B | $543.0M | $1.6B | $1.2B |
| Tenant receivables and accrued revenue, net | $884.2M | $880.8M | $819.5M | $777.5M |
| Investment, at equity | $5.4B | $5.6B | $7.0B | $7.1B |
| Right-of-use assets, net | $731.2M | $738.0M | $529.1M | $515.5M |
| Deferred costs and other assets | $2.0B | $2.0B | $1.4B | $1.3B |
| Total assets | $39.7B | $39.6B | $33.6B | $33.3B |
| Mortgages and unsecured indebtedness | $28.7B | $28.2B | $25.8B | $25.4B |
| Accounts payable, accrued expenses, intangibles, and deferred revenues | $1.8B | $1.7B | $1.6B | $1.6B |
| Cash distributions and losses in unconsolidated entities, at equity | $1.8B | $1.8B | $1.7B | $1.7B |
| Dividend payable | $1.3M | $1.5M | $2.4M | $2.1M |
| Lease liabilities | $727.9M | $734.6M | $529.7M | $516.1M |
| Other liabilities | $818.2M | $825.5M | $910.5M | $907.8M |
| Total liabilities | $33.9B | $33.3B | $30.6B | $30.2B |
| Limited partners' preferred interest in the Operating Partnership and noncontrolling redeemable interests | $271.8M | $264.3M | $245.0M | $243.5M |
| Series J 83/8% cumulative redeemable preferred stock, 1,000,000 shares authorized, 796,948 issued and outstanding with a liquidation value of $39,847 | 40.3M | 40.4M | 40.5M | 40.6M |
| Common stock, $0.0001 par value, 511,990,000 shares authorized, 343,059,947 and 343,060,687 issued and outstanding, respectively | 33.0K | 33.0K | 33.0K | 33.0K |
| Capital in excess of par value | $12.4B | $12.4B | $11.6B | $11.6B |
| Accumulated deficit | ($5.1B) | ($4.9B) | ($6.9B) | ($6.8B) |
| Accumulated other comprehensive loss | ($233.7M) | ($227.8M) | ($281.3M) | ($256.3M) |
| Common stock held in treasury, at cost, 19,508,432 and 17,844,817 shares, respectively | -2.6B | -2.5B | -2.1B | -2.1B |
| Total stockholders' equity | $4.4B | $4.9B | $2.3B | $2.5B |
| Preferred units, 796,948 units outstanding. Liquidation value of $39,847 | $40.3M | $40.4M | $40.5M | $40.6M |
| General Partner, 323,559,515 and 325,223,870 units outstanding, respectively | $4.4B | $4.8B | $2.3B | $2.4B |
| Limited Partners, 55,826,340 and 55,689,714 units outstanding, respectively | $758.2M | $833.0M | $358.7M | $374.5M |
| Total partners' equity | $5.2B | $5.7B | $2.7B | $2.8B |
| Noncontrolling interests | $1.1B | $1.2B | $380.0M | $396.1M |
| Nonredeemable noncontrolling interests in properties, net | $382.1M | $380.8M | $21.3M | $21.6M |
| Total equity | $5.6B | $6.1B | $2.7B | $2.8B |
| Total liabilities and equity | $39.7B | $39.6B | $33.6B | $33.3B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Consolidated Net Income | $5.4B | $2.7B | $2.6B | $2.5B |
| Depreciation and amortization | $1.6B | $1.4B | $1.3B | $1.3B |
| (Gain) loss on acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net | ($2.9B) | $75.8M | $3.1M | ($5.6M) |
| Loss (gain) due to disposal, exchange, or revaluation of equity interests, net | $86.1M | ($451.2M) | ($362.0M) | ($121.2M) |
| Unrealized losses (gains) in fair value of publicly traded equity instruments and derivative instrument, net | $106.1M | $17.4M | ($11.9M) | $61.2M |
| Straight-line lease (income) loss | ($27.8M) | $802.0K | $9.9M | $25.2M |
| Equity in income of unconsolidated entities | ($504.1M) | ($207.3M) | ($375.7M) | ($648.0M) |
| Distributions of income from unconsolidated entities | $445.9M | $362.7M | $458.7M | $561.6M |
| Tenant receivables and accrued revenue, net | ($59.8M) | $36.2M | ($11.8M) | $63.4M |
| Deferred costs and other assets | $14.6M | ($235.9M) | $24.4M | ($104.6M) |
| Accounts payable, accrued expenses, intangibles, deferred revenues and other | $44.5M | $127.2M | $245.5M | $190.1M |
| Net cash provided by operating activities | $4.1B | $3.8B | $3.9B | $3.8B |
| Acquisitions | ($1.1B) | ($56.1M) | ($65.8M) | ($203.4M) |
| Repayments of loans to related parties | $17.0M | $82.3M | $16.2M | $82.4M |
| Capital expenditures, net | ($934.3M) | ($755.6M) | ($793.3M) | ($650.0M) |
| Cash impact from the consolidation of properties | $104.8M | $46.2M | — | $21.0M |
| Investments in unconsolidated entities | ($62.4M) | ($112.7M) | ($84.0M) | ($235.8M) |
| Purchase of equity instruments | ($48.7M) | ($241.2M) | ($31.7M) | ($66.1M) |
| Proceeds from sale of equity instruments | $96.2M | $1.2B | $304.1M | $26.1M |
| Distributions of capital from unconsolidated entities and other | $341.2M | $313.0M | $299.1M | $472.5M |
| Net cash (used in) provided by investing activities | ($1.6B) | $1.4B | ($1.4B) | ($626.6M) |
| Proceeds from sales of common stock and other, net of transaction costs | ($328.0K) | ($328.0K) | ($328.0K) | ($328.0K) |
| Purchase of shares related to stock grant recipients' tax withholdings | -13.9M | -10.6M | -5.8M | -6.8M |
| Redemption of limited partner units | ($7.3M) | ($42.3M) | ($13.5M) | ($1.9M) |
| Purchase of treasury stock | ($226.8M) | — | ($140.6M) | ($180.4M) |
| Purchase of general partner units | ($226.8M) | — | ($140.6M) | ($180.4M) |
| Preferred unit redemptions | ($5.0M) | ($7.5M) | ($2.5M) | — |
| Distributions to noncontrolling interest holders in properties | ($23.4M) | ($21.0M) | ($42.0M) | ($27.7M) |
| Contributions from noncontrolling interest holders in properties | $6.7M | $9.8M | $9.8M | $29.7M |
| Preferred distributions of the Operating Partnership | ($1.2M) | ($1.6M) | ($1.9M) | ($1.9M) |
| Preferred dividends and distributions to stockholders | ($2.8B) | ($2.6B) | ($2.4B) | ($2.3B) |
| Distributions to limited partners | ($439.4M) | ($399.2M) | ($355.5M) | ($326.6M) |
| Proceeds from issuance of debt, net of transaction costs | $3.7B | $1.1B | $3.6B | $3.4B |
| Repayments of debt | ($3.3B) | ($3.0B) | ($2.7B) | ($3.7B) |
| Net cash used in financing activities | ($3.1B) | ($5.0B) | ($2.0B) | ($3.1B) |
| (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | ($577.2M) | $231.4M | $547.4M | $87.7M |
| CASH AND CASH EQUIVALENTS, beginning of period | $1.4B | $1.2B | $621.6M | $533.9M |
| CASH AND CASH EQUIVALENTS, end of period | $823.1M | $1.4B | $1.2B | $621.6M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Consolidated Net Income | $1.1B | $568.5M | $1.8B | $1.1B |
| Depreciation and amortization | $1.0B | $532.6M | $1.1B | $723.3M |
| (Gain) loss on acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net | ($55.6M) | ($64.3M) | ($794.0K) | $9.6M |
| Loss (gain) due to disposal, exchange, or revaluation of equity interests, net | $18.3M | $6.4M | ($71.6M) | ($80.5M) |
| Unrealized losses in fair value of publicly traded equity instruments and derivative instrument, net | $31.0M | ($25.4M) | $85.0M | $87.2M |
| Straight-line lease income | ($21.2M) | ($5.0M) | ($17.8M) | ($4.1M) |
| Equity in income of unconsolidated entities | ($97.9M) | $21.2M | ($297.1M) | ($153.2M) |
| Distributions of income from unconsolidated entities | $228.0M | $98.5M | $324.6M | $212.5M |
| Tenant receivables and accrued revenue, net | $69.9M | $57.4M | $19.6M | $45.0M |
| Deferred costs and other assets | ($63.4M) | ($55.2M) | ($47.8M) | $69.8M |
| Accounts payable, accrued expenses, intangibles, deferred revenues and other | ($253.3M) | ($301.4M) | $16.4M | $11.4M |
| Net cash provided by operating activities | $2.0B | $833.4M | $2.9B | $2.0B |
| Funding of loans to related parties | ($7.0M) | — | — | — |
| Repayments of loans to related parties | $4.3M | $3.3M | $13.2M | $9.1M |
| Capital expenditures, net | ($445.3M) | ($208.4M) | ($679.4M) | ($474.2M) |
| Investments in unconsolidated entities | ($24.0M) | ($10.5M) | ($46.2M) | ($20.6M) |
| Purchase of equity instruments | ($8.2M) | ($970.0K) | ($47.0M) | ($16.5M) |
| Proceeds from sale of equity instruments | $1.1M | $1.1M | $87.0M | $85.2M |
| Distributions of capital from unconsolidated entities and other | $245.2M | $109.0M | $330.0M | $200.2M |
| Net cash used in investing activities | ($233.8M) | ($106.5M) | ($1.2B) | ($1.1B) |
| Proceeds from sales of common stock and other, net of transaction costs | ($164.0K) | ($82.0K) | ($246.0K) | ($164.0K) |
| Purchase of shares related to stock grant recipients' tax withholdings | -11.2M | -2.4M | -13.9M | -9.8M |
| Redemption of limited partner units | ($51.9M) | ($1.2M) | ($6.5M) | ($6.4M) |
| Purchase of treasury stock | ($336.0M) | ($175.3M) | — | — |
| Purchase of general partner units | ($336.0M) | ($175.3M) | — | — |
| Distributions to noncontrolling interest holders in properties | ($10.8M) | ($5.8M) | ($5.7M) | ($3.1M) |
| Contributions from noncontrolling interest holders in properties | $751.0K | $654.0K | $3.3M | $2.8M |
| Preferred distributions of the Operating Partnership | ($395.0K) | ($198.0K) | ($874.0K) | ($583.0K) |
| Preferred dividends and distributions to stockholders | ($1.4B) | ($715.7M) | ($2.1B) | ($1.4B) |
| Distributions to limited partners | ($249.3M) | ($122.9M) | ($322.8M) | ($213.6M) |
| Proceeds from issuance of debt, net of transaction costs | $5.4B | $1.8B | $3.1B | $1.6B |
| Repayments of debt | ($4.9B) | ($1.8B) | ($2.2B) | ($1.1B) |
| Net cash used in financing activities | ($1.6B) | ($1.0B) | ($1.5B) | ($1.1B) |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | $195.9M | ($280.2M) | $152.2M | ($168.9M) |
| CASH AND CASH EQUIVALENTS, beginning of period | $823.1M | $823.1M | $1.4B | $1.4B |
| CASH AND CASH EQUIVALENTS, end of period | $1.0B | $543.0M | $1.6B | $1.2B |
Simon Property Group Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.