Simon Property Group Balance Sheet Health
Financial Health criteria checks 2/6
Simon Property Group has a total shareholder equity of $3.6B and total debt of $24.3B, which brings its debt-to-equity ratio to 674.1%. Its total assets and total liabilities are $32.4B and $28.8B respectively. Simon Property Group's EBIT is $3.1B making its interest coverage ratio 3.4. It has cash and short-term investments of $1.4B.
Key information
674.1%
Debt to equity ratio
US$24.26b
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$1.40b |
| Equity | US$3.60b |
| Total liabilities | US$28.81b |
| Total assets | US$32.41b |
Recent financial health updates
No updates
Recent updates
SPG: The Common Shares Are Our Preferred Choice, Though They Are No Longer A Bargain
Jan 17Simon Property Group: Still An Opportunistic Buy For Long-Term Investors
Dec 12Simon Property Group Is Still Undervalued
Nov 14Simon Property Group: Inexpensive And Still Increasing The Dividend Yielding Around 5%
Nov 04Simon Property Group: The Rebirth Of Malls Is Experiential
Oct 24Simon Property Group: Cheap Dividend Growth
Sep 23Simon Property Group: Why Momentum Might Be In The Cards
Sep 03Simon Property Group: Not The Best Investment At This Point
Aug 18Simon Property Group: Still In My Portfolio But Certainly Not Adding More
Jul 13Simon Property Group Can Go Higher After Increased Dividend And 2024 Guidance
Jun 07Simon Property Group Q1 Results: A 'Hold' Due To Its Premium Valuation
May 07Simon Property: Time To Take Some Profit
Apr 21I Added Simon Property Group's 5.4% Dividend Yield To My Shopping
Apr 15Simon Property Group: I'd Be Careful Here Due To Valuation (Rating Downgrade)
Mar 24Simon Property Group: Strong Fundamentals Make This REIT A Buy And Hold
Mar 18Simon Property Group: Not Ready To Pull The Trigger
Feb 09Simon Property: The Upside Is Still Attractive, So It's A Buy
Jan 23Simon Property Group: Simon Says 'Hold'
Dec 26Buy Simon Property Group For The Future Yield
Dec 19Simon Property Group Likely To Face Headwinds But Remains A BUY
Dec 01Simon Property Group's 7% Dividend, Double Beat, And Increased Guidance Attractive
Oct 31Simon Property Group: Malls Are Not Dead
Oct 25Simon Property Group: Closing In On Sub-$100
Oct 10Simon Property Group: One Of The Best 7% Dividend Yields
Oct 04Simon Property Group Is Historically Undervalued At A Level Of 2000, 2008, Or 2020
Sep 21Simon Property: Solid Performer With Significant Potential Upside
Sep 12Simon Property Group: The Rise And Fall Of Shopping Malls Is Overblown
Sep 01Simon Property Group: The Yield Will Get Fatter
Aug 03Simon Property Group: A Fine REIT, But Better Alternatives Exist
Jul 14Simon Property Group: Rethinking My Valuation Of The Stock (Rating Downgrade)
Jun 26The Best Fixed-Rate Preferred Stock At Current Prices Comes From Simon Property Group
Jun 13Simon Property Group: Interesting Undervaluation Levels Once Again
Jun 06Simon Property: A 7.2% Yield For Cheap, I'm Jumping In
May 27Why I Sold Simon Property Group - Again
Feb 19Simon Property FFO of $3.15 beats by $0.02, revenue of $836.01M
Feb 06Simon Property: The Bulls Will Likely Prevail
Dec 25Simon Property: Cheaply Valued For The Long Run
Dec 15Simon Property Group's Rally Can Continue Through The Holidays As Shares Are Still Undervalued
Nov 11Simon Property Group Benefits From A Changing Real Estate Model
Oct 31Simon Property launches its own American Express card with Cardless
Oct 18Simon Property Group: The Mall Is Dead, Long Live The Mall
Oct 11Financial Position Analysis
Short Term Liabilities: SPG's short term assets ($2.2B) do not cover its short term liabilities ($3.4B).
Long Term Liabilities: SPG's short term assets ($2.2B) do not cover its long term liabilities ($25.4B).
Debt to Equity History and Analysis
Debt Level: SPG's net debt to equity ratio (635.2%) is considered high.
Reducing Debt: SPG's debt to equity ratio has reduced from 771.9% to 674.1% over the past 5 years.
Debt Coverage: SPG's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: SPG's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/05 23:12 |
| End of Day Share Price | 2025/02/05 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
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 Github.
Analyst Sources
Simon Property Group, Inc. is covered by 44 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.
| Analyst | Institution |
|---|---|
| Jacob Kilstein | Argus Research Company |
| Ross Smotrich | Barclays |
| William Acheson | Benchmark Company |