SIMON PROPERTY GROUP INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 28,430 | 84.5 |
| Stockholders' equity | 5,208 | 15.5 |
| Total capitalization | 33,638 | 100.0 |
0 shares outstanding at 31 March 2010 (cover page of the 10-Q filed 10 May 2010).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 28,430 |
CAPITAL STOCK 12/31/25
| Treasury shares | 16,675,701 |
| Preferred stock ($ millions) | 40 |
| Outstanding at 3/31/10 | 0 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 8.55 | 60.3 |
| 2024 | 8.10 | 111.6 |
| 2023 | 7.45 | 106.7 |
| 2022 | 6.90 | 105.8 |
| 2021 | 5.85 | 85.5 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Indiana. Formerly known as SIMON PROPERTY GROUP INC /DE/ (to 3 November 2025); CORPORATE PROPERTY INVESTORS INC (to 25 September 1998).
BUSINESS: Classified by the SEC under Standard Industrial Classification 6798, Real Estate Investment Trusts. Large accelerated filer. Principal executive office: 225 West Washington Street, Indianapolis, IN 46204-3438. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Total revenues | 6,365 | 5,964 | 5,659 |
| Rental revenue | 5,839 | 5,390 | 5,164 |
| Depreciation and amortization | 1,426 | 1,265 | 1,262 |
| Operating income | 3,175 | 3,093 | 2,807 |
| Interest expense | 975 | 906 | 855 |
| Net income | 5,364 | 2,729 | 2,617 |
| Earned per share, diluted ($) | 14.17 | 7.26 | 6.98 |
| Dividends per share ($) | 8.55 | 8.10 | 7.45 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Real estate, net | 30,245 | 21,195 |
| Cash and equivalents | 823 | 1,400 |
| Total assets | 40,606 | 32,406 |
| Debt | 28,430 | 24,264 |
| Total liabilities | 33,901 | 28,806 |
| Stockholders' equity | 5,208 | 2,942 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 6,365 | 3,175 | 4,624 | 72.7 | 14.17 | 8.55 | 4,137 | 934 | 3,202 | 40,606 | 33,901 | 28,430 | 5,208 | 88.8 | 5.46 |
| 12/31/24 | 5,964 | 3,093 | 2,368 | 39.7 | 7.26 | 8.10 | 3,815 | 756 | 3,059 | 32,406 | 28,806 | 24,264 | 2,942 | 80.5 | 8.25 |
| 12/31/23 | 5,659 | 2,807 | 2,280 | 40.3 | 6.98 | 7.45 | 3,931 | 793 | 3,138 | 34,283 | 30,596 | 26,033 | 3,023 | 75.4 | 8.61 |
| 12/31/22 | 5,291 | 2,584 | 2,136 | 40.4 | 6.52 | 6.90 | 3,767 | 650 | 3,117 | 33,011 | 29,187 | 24,960 | 3,139 | 68.1 | 7.95 |
| 12/31/21 | 5,117 | 2,413 | 2,246 | 43.9 | 6.84 | 5.85 | 3,637 | 528 | 3,109 | 33,777 | 29,377 | 25,321 | 3,361 | 66.8 | 7.53 |
| 12/31/20 | 4,608 | 1,972 | 1,109 | 24.1 | 3.59 | 6.00 | 2,327 | 484 | 1,843 | 34,787 | 31,129 | 26,723 | 3,039 | 36.5 | 8.79 |
| 12/31/19 | 5,755 | 2,913 | 2,098 | 36.5 | 6.81 | 8.30 | 3,808 | 876 | 2,932 | 31,232 | 28,101 | 24,163 | 2,526 | 83.1 | 9.56 |
| 12/31/18 | 5,645 | 2,926 | 2,437 | 43.2 | 7.87 | 7.90 | 3,751 | 782 | 2,969 | 30,686 | 26,659 | 23,306 | 3,297 | 73.9 | 7.07 |
| 12/31/17 | 5,527 | 2,802 | 1,945 | 35.2 | 6.24 | 7.15 | 3,594 | 732 | 2,862 | 32,258 | 27,828 | 24,632 | 3,686 | 52.8 | 6.68 |
| 12/31/16 | 5,435 | 2,721 | 1,836 | 33.8 | 5.87 | 6.50 | 3,373 | 798 | 2,574 | 31,104 | 26,006 | 22,977 | 4,310 | 42.6 | 5.33 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
SIMON PROPERTY GROUP INC.
CIK 1063761 · EIN 04-6268599
PRINCIPAL OFFICE:
225 West Washington Street, Indianapolis, IN 46204-3438
Tel.: 317-636-1600
INCORPORATED:
Indiana
INDUSTRY (SEC SIC CODE):
6798 · Real Estate Investment Trusts
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 25 February 2026
FORMER NAMES:
SIMON PROPERTY GROUP INC /DE/; CORPORATE PROPERTY INVESTORS INC
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/25/26) · 10-K FY2024 (filed 2/21/25) · 10-K FY2023 (filed 2/22/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2021 (filed 2/24/22) · 10-K FY2020 (filed 2/25/21) · 10-K FY2019 (filed 2/21/20) · 10-K FY2018 (filed 2/22/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.