Simon Property Group, Inc. (SPG) Stock

Simon Property Group, Inc. (SPG) is a Real Estate stock trading at $218.22 (as of 2026-08-21), with a market capitalization of $70.71B and a trailing P/E of 13.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Simon Property Group, Inc. is a real estate investment trust that owns shopping, dining, entertainment, and mixed-use destinations. Its properties are located across North America, Europe, and Asia and serve visitors who gather at these centers.

Understand Simon Property Group, Inc.: how it makes money

Simon Property Group owns premier shopping, dining, entertainment, and mixed-use destinations, and it makes money through property-related operations plus management fees and other revenues, and pipeline revenue from additional deals.

The core profit model comes from owning and operating large shopping and mixed-use destinations, supplemented by deal-linked pipeline revenue and recurring management fees and other revenues.

Business quality (Exceptional): A diversified shopping and mixed-use owner with an additional fee stream, but the provided detail suggests some revenue components depend on deal activity.

Valuation: At 16× earnings, SPG trades 53% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Ongoing fee stream: The company reports management fees and other revenues (an operating metric shown in the provided facts).
  • Deal-linked upside: The company also reports pipeline revenue from additional deals, which can contribute incremental revenue.

Bear case

  • Revenue sensitivity to deal activity: Pipeline revenue is specifically tied to additional deals, which can make part of the revenue stream less predictable than purely recurring sources.
  • Limited visibility into the largest revenue driver: The only provided revenue components are pipeline revenue from additional deals and management fees and other revenues, so the biggest operating revenue sources are not detailed in the facts given.
Valuation — source: SEC EDGAR (first-party)
Price$218.22
Market Cap$70.71B
P/E Ratio13.1
EV / EBITDA19.8
Price / Book12.68
Price / Sales10.19
FCF Yield4.6%
DCF Value (model)$229.32
DCF Upside vs Price5.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$6.36B
Net Margin84.3%
Revenue Growth (YoY)19.5%
EPS Growth (YoY)-12.4%
FCF Growth (YoY)-1.3%
Valuation vs Sector & Industry
Stock P/E13.1
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector-51.7%
vs Industry-62.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($8.69B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorReal Estate
IndustryTrading
CEODavid E. Simon
Employees2,600
CountryUS
IPO Date1993-12-14

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SPG earnings history · SPG institutional & insider holders · SPG KPIs & operating metrics · SPG financials · SPG investor presentations & press releases · SPG SEC filings · SPG peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.