US · USD

SPG

Simon Property Group Inc

US$200.81+0.02% (US$0.05)
Day's range
US$198.41 – US$201.58
Day's volume
US$228.8m
52-week range
US$165.67 – US$234.19

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SPG in numbers

Dividend yield (12m)
4.43%
Net debt/EBITDA
5.57

The 12-month dividend yield of SPG is 4.43%, below its 5-year average of 4.98%.

SPG price history

02/10/202501/10/2026
Compare with

SPG risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+19.55%+111.69%+78.70%
Volatility (annualised)20.29%22.49%26.74%
Largest drawdown-11.51%-14.38%-41.24%
Positive months8/1225/3635/60

How much did investing in SPG return?

US$1,000.00 invested on 01/09/2021 would be worth US$2,014.82 today.

Value today in SPG
US$2,014.82
Return over the period
+101.48%
Return per year
+15.04%
In the S&P 500
US$1,776.31

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

SPG fundamentals

Debt

  • Net debt
    US$27.7bn
  • Net debt/EBITDA
    5.57
  • Net debt/Equity
    6.24
  • Debt/Equity
    6.47
  • Current ratio
    —
  • Quick ratio
    —
  • Cash ratio
    —

Efficiency

  • Gross margin
    —
  • EBITDA margin
    71.58%
  • Operating margin
    47.40%
  • Net margin
    —
  • Asset turnover
    0.17

Profitability

  • ROE
    —
  • ROA
    —
  • ROIC
    6.76%
  • Payout
    —

Growth

  • Revenue CAGR (5 years)
    8.17%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is SPG's fair price?

Two classic value formulas, with today's numbers. The current price is US$200.81.

Graham's fair price
—
SPG's earnings per share and book value per share are not available, so the formula cannot be calculated.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$127.17
36.67% below the price

US$7.63 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

SPG indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
Dividend yield4.62%4.70%5.22%5.87%4.48%5.51%5.57%4.70%
ROIC6.39%7.91%6.89%6.21%5.66%4.53%7.39%7.40%
EBITDA margin72.30%73.08%71.91%72.02%71.84%71.40%73.90%74.55%
Net debt/EBITDA6.005.255.866.396.747.825.525.42

SPG financial statements

Line202520242023202220212020
Net revenueUS$6.4bnUS$6bnUS$5.7bnUS$5.3bnUS$5.1bnUS$4.6bn
Cost of sales——————
Gross profit——————
EBITDAUS$4.6bnUS$4.4bnUS$4.1bnUS$3.8bnUS$3.7bnUS$3.3bn
EBITUS$3.2bnUS$3.1bnUS$2.8bnUS$2.6bnUS$2.4bnUS$2bn
Net finance result——————
Profit before tax——————
Income tax-US$20.3m-US$9.3m-US$68.8m———
Net income——————

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does SPG pay dividends?

Dividend yield per year

  • 4.16%2017
  • 4.70%2018
  • 5.57%2019
  • 5.51%2020
  • 4.48%2021
  • 5.87%2022
  • 5.22%2023
  • 4.70%2024
  • 4.62%2025
  • 3.34%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend08/09/202630/09/2026US$2.25
Dividend08/06/202630/06/2026US$2.25
Dividend09/03/202631/03/2026US$2.20
Dividend09/12/202531/12/2025US$2.20
Dividend08/09/202530/09/2025US$2.15
Dividend06/06/202530/06/2025US$2.10
Dividend07/03/202531/03/2025US$2.10
Dividend06/12/202430/12/2024US$2.10
Dividend06/09/202430/09/2024US$2.05
Dividend06/06/202428/06/2024US$2.00
Dividend06/03/202429/03/2024US$1.95
Dividend06/12/202329/12/2023US$1.90
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend06/09/202329/09/2023US$1.90
Dividend07/06/202330/06/2023US$1.85
Dividend08/03/202331/03/2023US$1.80
Dividend07/12/202230/12/2022US$1.80
Dividend07/09/202230/09/2022US$1.75
Dividend07/06/202230/06/2022US$1.70
Dividend08/03/202231/03/2022US$1.65
Dividend08/12/202131/12/2021US$1.65
Dividend07/09/202130/09/2021US$1.50
Dividend30/06/202123/07/2021US$1.40
Dividend07/04/202123/04/2021US$1.30
Dividend22/12/202022/01/2021US$1.30
Dividend07/10/202023/10/2020US$1.30
Dividend08/07/202024/07/2020US$1.30
Dividend12/02/202028/02/2020US$2.10
Dividend13/11/201929/11/2019US$2.10
Dividend14/08/201930/08/2019US$2.10
Dividend15/05/201931/05/2019US$2.05
Dividend12/02/201928/02/2019US$2.05
Dividend14/11/201830/11/2018US$2.00
Dividend15/08/201831/08/2018US$2.00
Dividend15/05/201831/05/2018US$1.95
Dividend12/02/201828/02/2018US$1.95
Dividend14/11/201730/11/2017US$1.85
Dividend14/08/201731/08/2017US$1.80
Dividend12/05/201731/05/2017US$1.75
Dividend09/02/201728/02/2017US$1.75
Dividend11/11/201630/11/2016US$1.65

About Simon Property Group

Sector
Finance, insurance and real estate

Questions about SPG

How much is SPG today?

SPG is at US$200.81 (0.02% on the day), last traded on 01/10/2026.

How much did SPG pay in dividends in 2025?

SPG paid US$8.55 per share in 2025, a dividend yield of 4.62%.

How much did SPG return in 12 months?

SPG returned 19.55% in 12 months, with annualised volatility of 20.29% and a largest drawdown of -11.51%.