SPG FINANCIAL STATEMENTS

Simon Property Group Inc — balance sheet, income statement and cash flow trends

SPGSimon Property Group Inc

🇺🇸 USA · US · Real Estate · REIT - Retail

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue6.6 B $+10.9%

Gross Profit5.7 B $+14.2%

Operating Income3.2 B $+4.0%

EBITDA7.7 B $+66.6%

Net Income4.7 B $+128.0%

Peer Comparison· REIT - Retail

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
SPG	10.9%	85.2%	115.9%	70.4%
URW	2.5%	66.7%	76.0%	38.0%
SCG	1.8%	71.2%	86.8%	66.2%
CHP-UN	3.2%	71.7%	30.6%	-3.6%
VCX	-2.6%	70.9%	102.0%	98.6%
REI-UN	8.8%	53.2%	50.2%	17.2%
Industry median	8.1%	62.1%	76.5%	35.2%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
SPG	10.9%	85.2%	115.9%	70.4%
O	9.8%	68.6%	71.3%	18.9%
KIM	4.4%	54.7%	71.8%	28.5%
REG	11.7%	47.9%	68.2%	38.1%
FRT	7.5%	53.6%	82.9%	38.6%
BRX	6.6%	60.1%	78.6%	32.0%
Industry median	8.1%	62.1%	76.5%	35.2%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity4.9 B $13%
Current Liabilities1.7 B $4%
Long-term Liabilities31.6 B $83%

Key Figures

YoY change

Total Assets39.6 B $+22.0%

Total Liabilities33.3 B $+13.9%

Total Equity4.9 B $+86.5%

Cash & ST Investments543 M $-60.7%

Total Debt29 B $+14.7%

Net Debt28.4 B $+19.0%

Peer Comparison· REIT - Retail

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
SPG	0.84	596.5%	3.69	12.3%
URW	1.27	138.4%	8.60	35.6%
SCG	0.31	80.2%	6.27	53.4%
CHP-UN	0.94	64.8%	15.49	59.3%
VCX	0.21	44.7%	3.82	69.4%
REI-UN	0.36	104.4%	10.23	47.6%
Industry median	0.83	82.3%	5.12	51.3%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
SPG	0.84	596.5%	3.69	12.3%
O	0.40	77.1%	7.06	52.5%
KIM	2.32	79.9%	5.24	53.0%
REG	1.53	81.2%	4.70	52.8%
FRT	1.45	149.0%	4.43	36.4%
BRX	1.23	187.2%	4.89	33.4%
Industry median	0.83	82.3%	5.12	51.3%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow4.2 B $+7.4%

Capital Expenditures890.5 M $+8.2%

Free Cash Flow3.3 B $+7.1%

Dividends Paid-3 B $-197.8%

Peer Comparison· REIT - Retail

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
SPG	62.5%	49.1%	13.4%	88.7%
URW	61.3%	39.2%	26.8%	161.4%
SCG	38.3%	37.6%	0.7%	57.8%
CHP-UN	47.8%	44.1%	3.8%	-1,312.4%
VCX	49.5%	14.1%	35.4%	50.2%
REI-UN	31.6%	21.2%	10.4%	183.5%
Industry median	48.1%	37.5%	17.4%	142.0%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
SPG	62.5%	49.1%	13.4%	88.7%
O	69.0%	68.5%	2.3%	364.3%
KIM	52.7%	39.0%	16.6%	184.9%
REG	48.1%	34.5%	13.7%	126.3%
FRT	48.0%	40.3%	26.6%	124.3%
BRX	47.7%	47.7%	101.5%	149.3%
Industry median	48.1%	37.5%	17.4%	142.0%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

Go deeper on SPG

Run a DCF valuation

Full DCF model with editable assumptions

Start a head-to-head duel

Compare two stocks metric by metric

Filter in the stock screener

Build your own universe with 400+ metrics

Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.