SIMON PROPERTY GROUP INC /DE/

10-K & 10-Q Filings

Simon Property Group, Inc. is a Delaware corporation and Simon Property Group, L.P. is its majority-owned Delaware partnership subsidiary. Together, they operate as a self-administered and self-managed real estate investment trust (REIT) under the Internal Revenue Code. Simon owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations, primarily consisting of malls, Premium Outlets, and The Mills. As of December 31, 2023, they owned or held an interest in 195 income-producing properties in the United States and abroad. Their business strategy is to invest in real estate and provide financing to other entities engaged in real estate activities. They may finance their business through various means, including borrowings, issuance of securities, or sale or exchange of ownership interests in properties. Their website is www.simon.com and their ticker symbols are SPG for Simon Property Group, Inc. and SPG, L.P. for Simon Property Group, L.P.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$4306.43
4880.08
5170.14
4870.82
5266.10
5435.23
5538.64
5657.92
5755.19
4607.50
5116.79
5291.45
5658.84
2.30%6.94%Cost of Revenue (-)
$919.82
1005.19
1040.84
882.80
960.19
971.15
980.08
557.33
568.50
887.15
971.06
1000.95
1028.39
0.93%2.74%Gross Profit (+)
$3386.61
3874.89
4129.30
3988.02
4305.91
4464.08
4558.56
5100.59
5186.69
3720.35
4145.72
4290.49
4630.45
2.64%7.92%Selling, General & Administrative (-)
$153.32
175.93
186.01
196.61
195.18
207.88
202.84
197.78
375.31
121.19
144.64
142.76
165.86
0.66%16.18%Marketing Expenses (-)
$107.00
118.79
126.21
136.66
134.85
142.80
150.87
151.24
150.34
98.61
114.30
107.79
127.35
1.46%18.14%Depreciation & Amortization (-)
$1065.95
1257.57
1290.53
1143.83
1177.57
1252.67
1275.45
1282.45
1340.50
1318.01
1262.71
1227.37
1262.11
1.42%2.83%Operating Expenses (-)
$1316.34
1523.98
1564.95
1432.10
1475.59
1577.53
1609.77
1589.56
1825.71
1576.87
1547.88
1522.35
1615.81
1.72%6.14%Costs & Expenses (Total) (-)
$2371.29
2659.48
2754.45
2485.48
2597.23
2714.40
2736.30
2746.83
2847.36
2635.69
2703.60
2707.89
2851.81
1.55%5.31%Operating Income/Loss (+)
$1935.14
2220.60
2415.69
2385.34
2668.87
2720.83
2802.34
2911.09
2907.83
1971.81
2413.19
2583.55
2807.02
3.15%8.65%Non-operating Income/Expense (+)
$81.24
138.33
205.26
99.20
-120.95
186.88
248.31
475.25
298.04
219.87
731.00
647.98
375.66
13.61%-42.03%Interest Expense (-)
$983.53
1127.03
1137.14
992.60
923.70
857.55
809.39
815.92
789.35
784.40
795.71
761.25
854.65
-1.16%12.27%Earnings before Tax (+)
$1249.48
1735.51
1591.32
1612.09
2159.55
2050.15
2241.26
2570.41
2416.52
1407.28
2348.47
2470.28
2328.04
5.32%-5.76%Tax Expense (-)
$3.58
15.88
39.73
28.09
20.17
Income/Loss (Continuing Operations) (+)
$1245.90
1719.63
1551.59
1622.16
2139.38
2134.71
2244.90
2822.34
2423.19
1277.32
2568.71
2452.39
2617.02
6.38%6.71%Income/Loss (Discontinued Operations) (+)
$
67.52
Profit/Loss (+)
$1245.90
1719.63
1551.59
1651.53
2139.38
2134.71
2244.90
2822.34
2423.19
1277.32
2568.71
2452.39
2617.02
6.38%6.71%Net Income/Loss (NCI) (-)
$8.56
8.52
8.99
2.49
311.65
295.81
296.94
382.29
321.60
164.76
319.08
312.85
333.89
35.71%6.73%Net Income/Loss (+)
$1232.09
1705.86
1537.35
1643.78
1824.38
1835.56
1944.63
2436.72
2098.25
1109.23
2246.29
2136.20
2279.79
5.26%6.72%Preferred & Other Distributions (-)
$5.25
5.25
5.25
5.25
3.34
3.34
3.34
3.34
3.34
3.34
3.34
3.34
3.34
-3.71%0.00%Net Income/Loss (Common) (+)
$1232.09
1705.86
1537.35
1643.78
1824.38
1835.56
1944.63
2436.72
2098.25
1109.23
2246.29
2136.20
2279.79
5.26%6.72%EPS (Basic)
$3.48
4.72
4.24
4.52
5.88
5.87
6.24
7.87
6.81
3.59
6.84
6.52
6.98
5.97%7.06%EPS (Diluted)
$3.48
4.72
4.24
5.87
6.24
7.87
6.81
3.59
6.98
5.97%Weighted Avg Shares (Basic)
314.81
308.96
306.86
328.59
326.92
325.89
-0.32%Cash
$798.65
1184.52
1716.86
612.28
701.13
560.06
1482.31
514.34
669.37
1011.61
533.94
621.63
1168.99
3.23%88.05%Short-term Investments
$
1000.00
Securities & Long-term Investments
$21268.92
25184.13
25058.60
22367.78
23547.74
24360.33
24457.51
24208.13
23898.72
23158.26
22311.24
21763.16
21568.35
0.12%-0.90%Property, Plant & Equipment (Net)
$
514.66
512.91
504.12
496.93
484.07
-2.59%Other Assets
$4149.36
6217.95
6549.11
6552.26
6401.80
6183.18
6317.81
5963.76
6148.88
10104.06
10428.08
10129.55
10062.08
7.66%-0.67%Assets (Total)
$26216.92
32586.61
33324.57
29532.33
30650.67
31103.58
32257.64
30686.22
31231.63
34786.85
33777.38
33011.27
34283.50
2.26%3.85%Accounts Payable
$
486.92
1.47
2.00
1.84
-7.76%Debt (Non-current)
$18446.44
23113.01
23588.53
20852.99
22502.17
22977.10
24632.46
23305.53
24680.04
27238.85
25321.02
24960.29
26033.42
2.91%4.30%Other Liabilities
$2226.20
2402.50
2722.93
2702.30
2906.59
3028.80
3195.93
3353.57
3421.28
3402.83
4601.90
4225.10
4560.63
6.16%7.94%Liabilities (Total)
$20672.64
25515.51
26311.46
23555.29
25408.77
26005.90
27828.39
26659.10
28101.32
31128.61
29924.39
29187.38
30595.90
3.32%4.83%Treasury Stock
$
437.13
682.56
1079.06
1427.43
1773.57
1891.35
1884.44
2043.98
2156.18
5.49%Retained Earnings
$
-4266.93
-4459.39
-4782.17
-4893.07
-5379.95
-6102.31
-5823.71
-5926.97
-6095.58
-2.84%AOCI
$
-252.69
-114.13
-110.45
-126.02
-118.60
-188.68
-185.19
-164.87
-172.79
-4.80%Shareholder's Equity
$5544.29
6893.09
6822.63
5951.51
5216.37
4959.91
4238.76
3796.96
2911.25
3472.35
3852.99
3611.65
3491.65
-3.78%-3.32%Liabilities & Equity
$26216.92
32586.61
33324.57
29532.33
30650.67
31103.58
32257.64
30686.22
31231.63
34786.85
33777.38
33011.27
34283.50
2.26%3.85%Net Income/Loss
$1245.90
1719.63
1551.59
1651.53
2139.38
2134.71
2244.90
2822.34
2423.19
1277.32
2568.71
2452.39
2617.02
6.38%6.71%Increase/Decrease in Working Capital
$137.25
-27.10
1.56
101.88
77.22
105.31
59.18
-6.56
28.18
405.39
-399.82
-210.09
-246.24
-17.21%Adjustments to Reconcile Net Income
$759.99
793.44
1149.41
1078.89
885.31
1237.99
1348.89
928.45
1384.64
1049.37
1068.69
1314.22
1313.78
4.67%-0.03%Net Cash (Operating)
$2005.89
2513.07
2701.00
2730.42
3024.68
3372.69
3593.79
3750.80
3807.83
2326.70
3637.40
3766.60
3930.79
5.77%4.36%Capital Expenditure
$466.30
1003.76
984.36
1036.56
1350.85
1074.07
869.33
662.06
933.02
642.07
581.84
826.16
877.24
5.41%6.18%Net Cash (Investing)
$-994.04
-3580.67
-948.09
-897.27
-1462.72
-969.03
-761.47
-236.51
-1076.71
-3978.40
-552.76
-626.56
-1363.18
-117.56%Increase/Decrease in Debt
$256.51
2211.88
473.17
-1696.03
1356.65
216.04
-10456.67
-9118.68
-12427.70
-12955.27
-10076.81
-3721.86
-2658.53
28.57%Increase/Decrease in Equity
$5.31
1213.84
0.10
0.28
-0.28
-354.11
-359.77
-152.59
-180.39
-140.59
22.06%Dividends Paid
$
2194.13
2353.97
2569.86
2819.73
388.54
219.09
337.02
326.55
355.55
8.88%Net Cash (Financing)
$-1009.91
1453.47
-1220.56
-2937.74
-1473.11
-2544.74
-1910.07
-4482.26
-2576.09
1993.94
-3562.32
-3052.35
-2020.25
33.81%Increase/Decrease in Cash
$1.93
385.87
532.35
-1104.58
88.85
-141.07
922.25
-967.97
155.04
342.24
-477.68
87.69
547.36
60.09%524.19%Cash (Beginning)
$796.72
798.65
1184.52
1716.86
612.28
701.13
560.06
1482.31
514.34
669.37
1011.61
533.94
621.63
-2.05%16.42%Cash (Ending)
$798.65
1184.52
1716.86
612.28
701.13
560.06
1482.31
514.34
669.37
1011.61
533.94
621.63
1168.99
3.23%88.05%NOPAT
$1935.14
2220.60
2415.69
2385.34
2668.87
2720.83
2802.34
2911.09
2907.83
1971.81
2413.19
2583.55
2807.02
3.15%8.65%Gross Margin %
78.64%
79.40%
79.87%
81.88%
81.77%
82.13%
82.30%
90.15%
90.12%
80.75%
81.02%
81.08%
81.83%
Operating Margin %
44.94%
45.50%
46.72%
48.97%
50.68%
50.06%
50.60%
51.45%
50.53%
42.80%
47.16%
48.83%
49.60%
NOPAT Margin %
44.94%
45.50%
46.72%
48.97%
50.68%
50.06%
50.60%
51.45%
50.53%
42.80%
47.16%
48.83%
49.60%
Net Margin %
28.61%
34.96%
29.74%
33.75%
34.64%
33.77%
35.11%
43.07%
36.46%
24.07%
43.90%
40.37%
40.29%
ROA
7.38%
6.81%
7.25%
8.08%
8.71%
8.75%
8.69%
9.49%
9.31%
5.67%
7.14%
7.83%
8.19%
ROE
34.90%
32.21%
35.41%
40.08%
51.16%
54.86%
66.11%
76.67%
99.88%
56.79%
62.63%
71.53%
80.39%
Equity Multiplier
4.73
4.73
4.88
4.96
5.88
6.27
7.61
8.08
10.73
10.02
8.77
9.14
9.82
Debt/Equity Ratio
3.33
3.35
3.46
3.50
4.31
4.63
5.81
6.14
8.48
7.84
6.57
6.91
7.46
Dividend Payout Ratio %
82.21%
86.52%
91.70%
96.86%
13.36%
11.11%
13.97%
12.64%
12.67%
Total Payout
$-261.82
-3425.72
-473.27
1695.75
837.76
2137.93
13026.53
12292.52
13176.01
13326.96
10413.83
4228.80
3154.67
-25.40%Payout Ratio %
-13.53%
-154.27%
-19.59%
71.09%
31.39%
78.58%
464.84%
422.27%
453.12%
675.87%
431.54%
163.68%
112.38%