SPG

SIMON PROPERTY GROUP INC.

Ticker: SPGReal EstateREITsS&P 500
HQ INDIANAPOLIS, INCIK 1063761FY end 12-31Book / share $13.57Shares 327M
Revenue (FY)
$6.36B+6.72%
TTM $6.94B
Op. margin
49.89%-1.97%
TTM 47.40%
Net income
$5.36B+96.56%
TTM $5.39B
Operating cash
$4.14B+8.44%
TTM $4.12B
Free cash flow
$3.20B+4.68%
TTM $3.22B
Return on equity
88.85%+8.26%
TTM 104.20%
Debt / equity
5.46-2.79%
TTM 6.47
Shares outstanding

The business

Simon Property Group, Inc. (NYSE: SPG) operates as a self-administered and self-managed real estate investment trust that owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations across North America and internationally. The company's website is www.simon.com.

As of December 31, 2025, Simon owns or holds interests in 212 income-producing properties in the United States, consisting of 108 malls, 70 Premium Outlets, 16 Mills, six lifestyle centers, and 12 other retail properties spanning 38 states and Puerto Rico. Internationally, the company maintains ownership interests in 42 properties primarily located in Asia, Europe, and Canada. Simon also owns a 22.2 percent equity stake in Klépierre SA, a publicly traded Paris-based real estate company with shopping center operations across 13 European countries.

The company's portfolio is anchored by nationally recognized department stores and large retailers, with properties designed to attract diverse tenant mixes and consumer traffic. Simon operates through an umbrella partnership REIT structure, with substantially all business conducted through Simon Property Group, L.P., its majority-owned partnership subsidiary. As of December 31, 2025, Simon owned approximately 85.4 percent of the Operating Partnership, with limited partners holding the remaining 14.6 percent.

Beyond traditional retail real estate, Simon maintains investments in retail operations through Catalyst Brands LLC, an e-commerce venture through Rue Gilt Groupe operating shop.simon.com, and Jamestown, a global real estate investment and management company. In October 2025, Simon completed its acquisition of the remaining 12 percent interest in The Taubman Realty Group, LLC, achieving full ownership of this significant real estate platform.

The company employs approximately 3,600 persons across its properties and offices throughout the United States, with roughly 1,000 employees based at its corporate headquarters. Simon's business model emphasizes long-term property ownership, tenant relationship management, and strategic capital deployment to maintain its position as a leading retail real estate operator in North America and internationally.

Sector
Real Estate
Industry
REITs
HQ
INDIANAPOLIS, IN
FY end
12-31
CIK
1063761
SIC
6798
Financial performance · annual
20132025
$-694.07M$1.39B$3.47B$5.55B$7.63B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds SIMON PROPERTY GROUP INC. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

836
funds hold it
1 of 35
superinvestors hold it
$29.37B
fund-held value
42.3%
of shares held by funds

Top fund holders

Fund% of fundValue
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
3.53%$2.47B
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.10%$2.19B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.11%$1.88B
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.67%$1.49B
VANGUARD WELLINGTON FUND
VWELX
0.84%$1.04B

Superinvestors in SIMON PROPERTY GROUP INC.

Bill SmeadDECREASED -10.3%
Smead Capital Management
6.7%

Share of each manager's reported 13F portfolio.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of SIMON PROPERTY GROUP INC.'s financials

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