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Simon Property (SPG) AI Stock Analysis
Simon Property
(NYSE:SPG)
SPG scores as moderately attractive: strong profitability/cash generation and a supportive shareholder-return profile (raised guidance/dividend) are meaningful positives, and valuation is reasonable with a ~4% yield. The main offsets are high leverage (balance sheet risk) and weaker near-term technical momentum (below key short-term averages with negative MACD).
Simon Property Key Performance Indicators (KPIs)
Revenue by SegmentHighlights income from different business areas, revealing which segments drive growth and profitability, and indicating strategic focus or potential vulnerabilities.
Lease Income is driving Simon’s revenue recovery and has meaningfully accelerated into 2024–25, reflecting solid leasing, rising base rents and sizable acquisitions/redevelopments—the engine behind record REFFO and aggressive buybacks/dividends. Management fees are a small, steady complement, while “Other” is lumpy (redevelopment closes, one‑offs), so seasonality and project timing matter. Watch tariff-driven tenant stress, occupancy drag from recent acquisitions, and higher net interest expense with 5.0x leverage—these are the primary near‑term risks to sustaining cash‑flow momentum.
The FlySimon Property (SPG) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $71.85B
- Dividend Yield
- 4.01%
- Average Volume (3M)
- 1.27M
- Price to Earnings (P/E)
- 15.7
- Beta (1Y)
- 0.74
- Revenue Growth
- 15.01%
- EPS Growth
- -25.41%
- Country
- US
- Employees
- 3,350
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- REIT - Retail
Simon Property Business Overview & Revenue Model
Company Description
Simon Property Group (NYSE: SPG) is a prominent S&P 100 real estate investment trust that specializes in owning and developing a portfolio of world-class shopping, dining, entertainment, and mixed-use destinations. These significant properties, strat...
How the Company Makes Money
SPG generates revenue primarily from its retail real estate operations. The largest revenue stream is rental income from tenants under lease agreements (generally base rent and, where applicable, percentage rent tied to tenant sales). In addition to...
Simon Property Earnings Call Summary
The call highlights strong operating momentum: accelerating NOI and real estate FFO growth, robust leasing demand with improving leasing economics, healthy shopper traffic and sales, a sizable high-yield development pipeline, solid liquidity and continued shareholder returns. Headwinds are present — notably higher interest expense, upcoming refinancing needs in a higher rate environment, timing lag on bankruptcy-related rent uplift, and localized category/region softness (restaurants and some outlet/geography exposures). On balance, the positive operating trends, pipeline and balance sheet flexibility materially outweigh the financing and timing risks.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Simon raised full‑year 2026 real estate FFO guidance to $13.20–$13.30 per share (an $0.08 lift at the midpoint versus the prior range; prior year $12.73), after Q2 real estate FFO of $1.25B ($3.29/share, +7.9% YoY) and portfolio strength (domestic property NOI +8.5% in Q2; portfolio NOI +8.3% at constant currency); management noted mall & Premium Outlet sales of $838/sq ft (+13.9%), Q2 comparable sales +5.7% and trailing‑12‑month sales +6.6%, while leasing momentum included >1,200 leases totalling 4.8M sq ft, new deals +20% YoY representing ~28% of lease sq ft, initial base rent on new deals +17% YTD and tenant allowances −12% YTD; balance sheet supports the outlook with ~$9.3B liquidity, net debt/EBITDA <5.0x, fixed‑charge coverage 4.7x, $1.07B of development in progress at a 9% blended yield and a $4B+ pipeline plus >$600M more expected to start in H2; company also declared a Q3 dividend of $2.25/share (+$0.10, +4.7% YoY) and said continued strong sales could lift results above the guided range.
Simon Property Financial Statement Overview
Summary
Operating results and cash generation are solid (income statement score 78; cash flow score 62) with steady revenue growth and consistently positive free cash flow. However, the balance sheet is the major constraint (score 46) due to high leverage and declining equity, and some profit metrics appear atypical versus revenue across periods, increasing interpretation/sustainability risk.
Income Statement
78PositiveBalance Sheet
46NeutralCash Flow
62Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.94B | 6.36B | 5.96B | 5.66B | 5.29B | 5.12B |
| Gross Profit | 5.87B | 5.46B | 4.92B | 4.63B | 4.29B | 4.15B |
| EBITDA | 7.90B | 7.93B | 5.02B | 4.89B | 4.59B | 4.85B |
| Net Income | 4.61B | 4.61B | 2.37B | 2.28B | 2.14B | 2.25B |
Balance Sheet | ||||||
| Total Assets | 39.71B | 40.61B | 32.41B | 34.28B | 33.01B | 33.78B |
| Cash, Cash Equivalents and Short-Term Investments | 1.02B | 823.15M | 1.40B | 2.17B | 621.63M | 533.94M |
| Total Debt | 29.43B | 29.19B | 24.78B | 26.52B | 25.46B | 25.83B |
| Total Liabilities | 34.13B | 33.90B | 28.81B | 30.60B | 29.19B | 29.38B |
| Stockholders Equity | 4.43B | 5.21B | 2.94B | 3.02B | 3.14B | 3.36B |
Cash Flow | ||||||
| Free Cash Flow | 3.22B | 3.20B | 3.06B | 3.14B | 3.12B | 3.11B |
| Operating Cash Flow | 4.12B | 4.14B | 3.81B | 3.93B | 3.77B | 3.64B |
| Investing Cash Flow | -746.07M | -1.60B | 1.41B | -1.36B | -626.56M | -552.76M |
| Financing Cash Flow | -3.59B | -3.11B | -4.99B | -2.02B | -3.05B | -3.56B |
Simon Property Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPG, the sentiment is Positive. The current price of 222.08 is above the 20-day moving average (MA) of 207.92, above the 50-day MA of 206.87, and above the 200-day MA of 203.13, indicating a bullish trend. The MACD of 3.87 indicates Negative momentum. The RSI at 73.35 is Negative, neither overbought nor oversold. The STOCH value of 92.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SPG.
Simon Property Risk Analysis
Simon Property disclosed 36 risk factors in its most recent earnings report. Simon Property reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
1 New RiskSimon Property Peers Comparison
Overall Rating
FRT76Outperform
KIM76Outperform
REG74Outperform
SKT72Outperform- SPG65Neutral
MAC54Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| FRT | 76Outperform | $9.64B | 22.06 | 13.38% | 4.08% | 7.77% | 27.04% |
| KIM | 76Outperform | $16.66B | 22.72 | 7.27% | 4.24% | 3.13% | 28.07% |
| REG | 74Outperform | $13.84B | 21.29 | 9.59% | 4.02% | 8.36% | 38.21% |
| SKT | 72Outperform | $4.33B | 33.88 | 18.64% | 3.27% | 11.37% | 23.27% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| SPG | 65Neutral | $71.74B | 15.71 | 109.38% | 4.01% | 15.01% | -25.41% |
| MAC | 54Neutral | $7.31B | -38.06 | -6.63% | 2.75% | 9.48% | 45.78% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SPG | Simon Property Group | 222.08 | 48.71 | 28.10% | |
| KIM | Kimco Realty Corp | 24.99 | 5.49 | 28.16% | |
| MAC | Macerich Company | 24.74 | 7.64 | 44.64% | |
| REG | Regency Centers Corp. | 75.17 | 8.50 | 12.75% | |
| SKT | Tanger Inc. | 37.61 | 4.85 | 14.80% | |
| FRT | Federal Realty Investment Trust | 111.64 | 19.39 | 21.02% |
Simon Property Corporate Events
Simon Property lifts 2026 outlook amid strong quarter
PositiveSimon Property Group reported strong financial and operating performance for the quarter ended June 30, 2026, highlighted by a 7.9% year‑over‑year rise in Real Estate FFO per diluted share to $3.29 and domestic property NOI growth of 8.5...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 17, 2026