Simon Property Group, Inc.

BVL:SPG Stock Report

Market Cap: US$56.1b

Simon Property Group Past Earnings Performance

Past criteria checks 4/6

Simon Property Group has been growing earnings at an average annual rate of 7.8%, while the Retail REITs industry saw earnings growing at 12.3% annually. Revenues have been growing at an average rate of 2.1% per year. Simon Property Group's return on equity is 84.8%, and it has net margins of 41.4%.

Key information

7.8%

Earnings growth rate

6.3%

EPS growth rate

Retail REITs Industry Growth9.9%
Revenue growth rate2.1%
Return on equity84.8%
Net Margin41.4%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Simon Property Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BVL:SPG Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 245,9092,4483990
30 Jun 245,8392,5673880
31 Mar 245,7512,5603810
31 Dec 235,6592,2803730
30 Sep 235,5312,2063560
30 Jun 235,4362,1513490
31 Mar 235,3462,1613320
31 Dec 225,2912,1363270
30 Sep 225,2161,9663290
30 Jun 225,1962,1073450
31 Mar 225,1712,2273430
31 Dec 215,1152,2463290
30 Sep 214,9202,0153250
30 Jun 214,6841,4812890
31 Mar 214,4901,1172700
31 Dec 204,6021,1092930
30 Sep 204,9601,3483020
30 Jun 205,3141,7463350
31 Mar 205,6481,9873710
31 Dec 195,6712,0983750
30 Sep 195,6352,3013660
30 Jun 195,6072,3133570
31 Mar 195,5982,3653450
31 Dec 185,6452,4373340
30 Sep 185,5942,2953690
30 Jun 185,6112,2533680
31 Mar 185,5872,0883740
31 Dec 175,5271,9453380
30 Sep 175,5391,7683950
30 Jun 175,4921,7594070
31 Mar 175,4441,8324090
31 Dec 165,4351,8364050
30 Sep 165,3881,8334020
30 Jun 165,3511,7494000
31 Mar 165,3871,7664080
31 Dec 155,2581,8243890
30 Sep 155,1741,8373860
30 Jun 155,0891,6693890
31 Mar 154,9221,6153920
31 Dec 144,8711,3763950
30 Sep 144,8251,3033950
30 Jun 144,7371,3253790
31 Mar 144,6401,2043600
31 Dec 134,5441,1323560

Quality Earnings: SPG has a large one-off gain of $533.5M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: SPG's current net profit margins (41.4%) are higher than last year (39.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SPG's earnings have grown by 7.8% per year over the past 5 years.

Accelerating Growth: SPG's earnings growth over the past year (11%) exceeds its 5-year average (7.8% per year).

Earnings vs Industry: SPG earnings growth over the past year (11%) exceeded the Retail REITs industry 6.5%.

Return on Equity

High ROE: Whilst SPG's Return on Equity (84.79%) is outstanding, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/28 15:08
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Simon Property Group, Inc. is covered by 45 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
Ross SmotrichBarclays
William AchesonBenchmark Company