Real Estate · Retail REITs
Simon Property Group: revenue, profit and dividends
In fiscal 2025, Simon Property Group had revenue of $6.36B, up 1.9% a year on average since 2015, and net income of $4.62B (72.7% of revenue). Its dividend per share has gone up 4 years in a row, to $8.55. It has 5% more shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +6.7% vs 2024
- Ticker
- SPG · NYSE
- Sector
- Real Estate
- Sub-industry
- Retail REITs
- Headquarters
- Indianapolis, Indiana
- Founded
- 2003
- In the S&P 500 since
- June 26, 2002
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Simon Property Group Inc. · CIK 0001063761
Revenue and net income
Revenue went from $3.65B in 2007 to $6.36B in 2025.
Diluted earnings per share
Diluted EPS went from $1.95 in 2007 to $14.17 in 2025. Ten-year growth: 9.2% a year.
Dividends per share
Raised 4 years in a row, every year from 2022 to 2025. Ten-year growth: 3.5% a year.
Shares outstanding
5.2% more shares in 2025 than in 2015 (310M → 326M): new shares outweighed buybacks.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $3.2B in 2025, 50.3% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $6.36B | $4.62B | 72.7% | $14.17 | $8.55 | 326M | $4.14B | $934M | $3.2B |
| 2024 | $5.96B | $2.37B | 39.7% | $7.26 | $8.10 | 326M | $3.81B | $756M | $3.06B |
| 2023 | $5.66B | $2.28B | 40.3% | $6.98 | $7.45 | 327M | $3.93B | $793M | $3.14B |
| 2022 | $5.29B | $2.14B | 40.4% | $6.52 | $6.90 | 328M | $3.77B | $650M | $3.12B |
| 2021 | $5.12B | $2.25B | 43.9% | $6.84 | $5.85 | 329M | $3.64B | $528M | $3.11B |
| 2020 | $4.61B | $1.11B | 24.1% | $3.59 | $6.00 | 309M | $2.33B | $484M | $1.84B |
| 2019 | $5.76B | $2.1B | 36.5% | $6.81 | $8.30 | 308M | $3.81B | $876M | $2.93B |
| 2018 | $5.65B | $2.44B | 43.2% | $7.87 | $7.90 | 310M | $3.75B | $782M | $2.97B |
| 2017 | $5.53B | $1.94B | 35.2% | $6.24 | $7.15 | 312M | $3.59B | $732M | $2.86B |
| 2016 | $5.44B | $1.84B | 33.8% | $5.87 | $6.50 | 313M | $3.37B | $798M | $2.57B |
| 2015 | $5.27B | $1.82B | 34.6% | $5.88 | $6.05 | 310M | $3.02B | $1.02B | $2.0B |
| 2014 | $4.87B | $1.41B | 28.9% | $4.52 | $5.15 | 311M | $2.73B | $797M | $1.93B |
| 2013 | $4.54B | $1.32B | 29.0% | $4.24 | $4.65 | 310M | — | — | — |
| 2012 | $4.26B | $1.43B | 33.6% | $4.72 | $4.10 | 303M | — | — | — |
| 2011 | $4.31B | $1.02B | 23.7% | $3.48 | $3.50 | 294M | — | — | — |
| 2010 | $3.96B | $610M | 15.4% | $2.10 | $2.60 | 291M | — | — | — |
| 2009 | $3.78B | $283M | 7.5% | $1.05 | $2.70 | 268M | — | — | — |
| 2008 | $3.78B | $423M | 11.2% | $1.87 | $3.60 | 226M | — | — | — |
| 2007 | $3.65B | $436M | 11.9% | $1.95 | — | — | — | — | — |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- REITs are usually judged by funds from operations (FFO), which is not in the filings data; their net income is after depreciation of the properties.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Retail REITs companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.