Simon Property Group, Inc. (SPG) Stock Price & Analysis
Simon Property Group, Inc. (SPG) is trading at USD 211.19, down 0.40% today, as of October 23, 2026 at 15:41 UTC (US market open; quotes may be delayed), according to Nexqual market data.
SPG last closed at USD 212.04; today's session has ranged USD 210.51–213.5 on volume of 229,458 shares. Market capitalization is $80.17B, with a 52-week range of USD 172.19–238.5 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 15:41 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SPG.md
Key facts (SPG)
- Last four reported quarters (through Jun 30, 2026): revenue $6.94B, net income $5.39B (77.6% margin), free cash flow $3.22B (SEC filings).
- Valuation: P/E 14.9x (avg 16.6x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold SPG (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Hold (mean 2.67 on a 1–5 scale) (21 analysts), mean target USD 228.89 (range 205–275).
- Total return with dividends: 1Y +23.6% vs S&P 500 +14.8%; 5Y +87.9% vs S&P 500 +77.6%.
- Next earnings: 2026-11-05, EPS estimate USD 1.62, revenue estimate $1.66B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SPG)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $5.12B | $5.29B | $5.66B | $5.96B | $6.36B | $6.94B |
| Operating income | $2.41B | $2.58B | $2.81B | $3.09B | $3.18B | $3.29B |
| Net income | $2.57B | $2.45B | $2.62B | $2.73B | $5.36B | $5.39B |
| EPS (diluted) | $6.84 | $6.52 | $6.98 | $7.26 | $14.17 | — |
| Free cash flow | $3.11B | $3.12B | $3.14B | $3.06B | $3.20B | $3.22B |
| Operating margin | 47.2% | 48.8% | 49.6% | 51.9% | 49.9% | 47.4% |
| Net margin | 50.2% | 46.3% | 46.2% | 45.8% | 84.3% | 77.6% |
| Revenue growth | +11.1% | +3.4% | +6.9% | +5.4% | +6.7% | — |
| Cash + short-term investments | $534M | $622M | $2.17B | — | — | — |
| Total debt | $25.3B | $25.0B | $26.0B | $24.3B | $28.4B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (SPG)
P/E 14.9x · P/S 11.6x · P/FCF 24.9x · P/B 18.1x · FCF yield 4.01% · Earnings yield 6.72%
P/E at fiscal year-ends: Dec 2025 11.3x, Dec 2024 20.6x, Dec 2023 17.8x.
Superinvestors (SEC 13F-HR, Q2 2026) (SPG)
1 of 80 tracked investors hold SPG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Davis | Davis Advisors | 0.05% | $11.0M | Reduced -2.3% |
Analysts (SPG)
Consensus Hold (mean 2.67 on a 1–5 scale), 21 analysts; mean target USD 228.89 (low 205, high 275).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Piper Sandler | Target lowered | Overweight | $285 → $254 |
| 2026-10-09 | UBS | Target lowered | Neutral | $222 → $205 |
| 2026-09-28 | Barclays | Target lowered | Equal-Weight | $215 → $208 |
| 2026-09-21 | Evercore ISI Group | Target lowered | In-Line | $219 → $216 |
| 2026-09-17 | Scotiabank | Target lowered | Sector Perform | $222 → $221 |
| 2026-09-14 | Evercore ISI Group | Target lowered | In-Line | $226 → $219 |
| 2026-08-27 | Mizuho | Target raised | Neutral | $211 → $226 |
| 2026-08-20 | Scotiabank | Target raised | Sector Perform | $220 → $222 |
| 2026-08-17 | Citigroup | Target raised | Neutral | $205 → $230 |
| 2026-08-17 | Barclays | Target raised | Equal-Weight | $213 → $215 |
| 2026-08-11 | Ladenburg Thalmann | Target raised | Buy | $250 → $275 |
| 2026-08-11 | Stifel | Target raised | Hold | $194 → $209 |
Total return (dividends reinvested) (SPG)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +23.6% | +87.9% |
| S&P 500 (SPY) | +14.8% | +77.6% |
| Per year | +23.7% | +13.5% |
| Volatility (annualized) | 19.2% | 25.8% |
| Max drawdown | -15.6% (Jul 2026→Oct 2026) | -44.4% (Nov 2021→Sep 2022) |
SPG suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | The Taubman Realty Group | “During the quarter ended December 31, 2025, we issued 4,980,693 units in the Operating Partnership as part of the TRG Acquisition, as further discussed in Note 4.” |
| Partner | Phoenix Retail | “During the second quarter of 2024, we participated in the formation of a joint venture, Phoenix Retail, LLC, to acquire the Express Retail Company from the previous owner on June 21, 2024, in a bankruptcy proceeding, and operate Express and Bonobos direct-to-consumer business in the United States.” |
| Partner | Melvin Simon & Associates | “Neither MSA, David Simon, nor members of the Simon family have an ownership interest in any of our unconsolidated joint ventures, except through their ownership interests in the Company or the Operating Partnership.” |
| Partner | Mitsubishi Estate | “We conduct our international Premium Outlet operations in Japan through a joint venture with Mitsubishi Estate Co., Ltd. We have a 40% noncontrolling ownership interest in this joint venture.” |
| Competitor | Costco (COST) | “Our properties compete with other forms of retailing such as pure online retail websites as well as other types of retail properties such as single user freestanding discounters (Costco, Walmart and Target).” |
| Competitor | Walmart (WMT) | “Our properties compete with other forms of retailing such as pure online retail websites as well as other types of retail properties such as single user freestanding discounters (Costco, Walmart and Target).” |
Quoted from the company's 10-K filed Feb 25, 2026.
SPG company outlook (results filed Aug 10, 2026)
- “Today, we are once again increasing our guidance for full-year 2026 Real Estate FFO per share." Results for the Quarter • Net income attributable to common stockholders was $483.1 million, or $1.49 per diluted share, as compared to $556.1 million, or $1.70 per diluted share in 2025.”
Quoted word-for-word from the SEC 8-K results press release.
SPG analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.62 | $1.64 | -0.8% | $1.66B | 3 |
| Next quarter (ends Dec 2026) | $1.84 | $1.86 | -1.4% | $1.73B | 3 |
| Current fiscal year (ends Dec 2026) | $5.85 | $6.44 | -9.2% | $6.67B | 1 |
| Next fiscal year (ends Dec 2027) | $6.77 | $6.74 | +0.5% | $6.92B | 3 |
SPG options: expected move
Options price a move of about ±5.3% (±$11.15) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±2.5% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 23.5% | ±5.3% |
| Dec 18, 2026 | 56 | 22.4% | ±7.3% |
| Jan 15, 2027 | 84 | 21.4% | ±8.2% |
| Mar 19, 2027 | 147 | 22.3% | ±11.4% |
| Apr 16, 2027 | 175 | 21.7% | ±11.9% |
| Jun 17, 2027 | 237 | 22.7% | ±14.5% |
| Sep 17, 2027 | 329 | 23.2% | ±17.1% |
30-day implied volatility 21.4% vs 17.8% realized over the last 30 trading days. Put/call ratio (volume) 0.76. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 15:41 UTC)
| Price | USD 211.19 |
|---|---|
| Change | ▼ 0.40% (down) |
| Previous Close | USD 212.04 |
| Open | USD 212.53 |
| Day Range | USD 210.51 – 213.5 |
| 52-Week Range | USD 172.19 – 238.5 |
| Volume | 229,458 shares |
| Market Cap | $80.17B |
| Exchange | NYQ |
Technical Analysis (SPG)
Nexqual's technical model rates SPG "BUY" based on 5 bullish and 2 bearish signals across 128 daily candles, as of October 23, 2026 at 15:41 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 59.98 (neutral) |
| vs SMA50 | Above (USD 207.92) |
| MACD | 0.38 (positive) |
Analyst Ratings (SPG)
Wall Street analysts rate SPG "Hold" based on 21 analysts, with a mean price target of USD 228.89 (range USD 205–275), per Nexqual as of October 23, 2026 at 15:41 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 21 |
| Mean Target | USD 228.89 |
| High Target | USD 275 |
| Low Target | USD 205 |
| Buy / Hold / Sell | 6 / 15 / 0 |
Earnings (SPG)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 1.62 |
| Revenue Estimate | $1.66B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.73 vs est 1.57 ▲ beat |
| 2026-03-31 | USD 1.22 vs est 1.49 ▼ miss |
| 2025-12-31 | USD 1.04 vs est 1.97 ▼ miss |
| 2025-09-30 | USD 1.6 vs est 1.68 ▼ miss |
Source: Nexqual, October 23, 2026 at 15:41 UTC.
Financials & Fundamentals (SPG)
| Total Revenue | $6.94B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +19.50% |
| Gross Margin | +81.43% |
| Operating Margin | +46.02% |
| Profit Margin | +66.57% |
| ROE | +120.51% |
| Debt / Equity | 5.04 |
| Current Ratio | 0.27 |
| Total Cash | $1.02B |
| Total Debt | $29.44B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $3.22B (46.4% of revenue) |
Source: Nexqual, October 23, 2026 at 15:41 UTC.
Financial Health Score (SPG)
Nexqual rates Simon Property Group, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 15:41 UTC.
| Growth | Solid — Revenue +8% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 81%, operating 46% (last 12 months) |
| Balance Sheet | Critical — $1.02B cash vs $29.4B debt |
| Cash Flow | Strong — FCF $3.22B (last 4 quarters to Jun 2026, SEC), 46% margin |
| Efficiency | Strong — ROE 121%, ROA 5.6% |
Ownership (SPG)
| Insider Ownership | +1.80% |
|---|---|
| Institutional Ownership | +95.85% |
| Shares Outstanding | 323.55M |
| Float | 319.85M |
| Short % of Float | +3.49% |
Source: Nexqual, October 23, 2026 at 15:41 UTC.
Leadership (SPG)
Simon Property Group, Inc. is led by Eli M. Simon, President, CEO, COO & Director, per Nexqual as of October 23, 2026 at 15:41 UTC.
| President, CEO, COO & Director | Eli M. Simon |
|---|---|
| Executive VP & CFO | Brian J. McDade |
| Chief Technology Officer | Wasif Awan |
| Senior Vice President of Investor Relations | Thomas Ward |
| Chief Marketing Officer | Lee Sterling |
Major Backers & Investors (SPG)
Notable institutional backers of Simon Property Group, Inc. include Capital Group, Wellington Management, Bank of America Corporation, according to Nexqual as of October 23, 2026 at 15:41 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Capital Group | 3.25% |
| Wellington Management | 2.9% |
| Bank of America Corporation | 2.55% |
| Income Fund of America | 2.24% |
| Cohen & Steers Inc. | 1.81% |
| Morgan Stanley | 1.72% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 15% |
| BlackRock | 11.52% |
| State Street | 6.29% |
| Geode Capital | 3.5% |
Source: Nexqual, October 23, 2026 at 15:41 UTC.
From Simon Property Group, Inc.'s Latest SEC 10-K Filing (filed 2026-02-25)
Partnerships
- We may, in the future, acquire all or substantially all of the securities or assets of other REITs, management companies or similar entities where such investments would be consistent with our investment policies.
- Any such indebtedness may also have full or limited recourse to the borrower or be cross-collateralized with other debt, or may be fully or partially guaranteed by the Operating Partnership.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| O | Realty Income Corporation | USD 56.76 | ▼ 0.53% |
| KIM | Kimco Realty Corporation (HC) | USD 23.57 | ▼ 0.11% |
| REG | Regency Centers Corporation | USD 74.02 | ▼ 0.48% |
| FRT | Federal Realty Investment Trust | USD 108.55 | ▼ 0.31% |
| BRX | Brixmor Property Group Inc. | USD 28.11 | ▼ 0.55% |
| ADC | Agree Realty Corporation | USD 66.65 | ▼ 0.63% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 15:41 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt