Simon Property Group, Inc.

NYSE:SPG Stock Report

Market Cap: US$55.9b

Simon Property Group Balance Sheet Health

Financial Health criteria checks 1/6

Simon Property Group has a total shareholder equity of $3.7B and total debt of $26.0B, which brings its debt-to-equity ratio to 706%. Its total assets and total liabilities are $34.3B and $30.6B respectively. Simon Property Group's EBIT is $2.8B making its interest coverage ratio 3.3. It has cash and short-term investments of $1.2B.

Key information

706.0%

Debt to equity ratio

US$26.03b

Debt

Interest coverage ratio3.3x
CashUS$1.17b
EquityUS$3.69b
Total liabilitiesUS$30.60b
Total assetsUS$34.28b

Recent financial health updates

No updates

Recent updates

Simon Property Group: Not Ready To Pull The Trigger

Feb 09

Simon Property: The Upside Is Still Attractive, So It's A Buy

Jan 23

Simon Property Group: Simon Says 'Hold'

Dec 26

Buy Simon Property Group For The Future Yield

Dec 19

Simon Property Group Likely To Face Headwinds But Remains A BUY

Dec 01

Simon Property Group's 7% Dividend, Double Beat, And Increased Guidance Attractive

Oct 31

Simon Property Group: Malls Are Not Dead

Oct 25

Simon Property Group: Closing In On Sub-$100

Oct 10

Simon Property Group: One Of The Best 7% Dividend Yields

Oct 04

Simon Property Group Is Historically Undervalued At A Level Of 2000, 2008, Or 2020

Sep 21

Simon Property: Solid Performer With Significant Potential Upside

Sep 12

Simon Property Group: The Rise And Fall Of Shopping Malls Is Overblown

Sep 01

Simon Property Group: The Yield Will Get Fatter

Aug 03

Simon Property Group: A Fine REIT, But Better Alternatives Exist

Jul 14

Simon Property Group: Rethinking My Valuation Of The Stock (Rating Downgrade)

Jun 26

The Best Fixed-Rate Preferred Stock At Current Prices Comes From Simon Property Group

Jun 13

Simon Property Group: Interesting Undervaluation Levels Once Again

Jun 06

Simon Property: A 7.2% Yield For Cheap, I'm Jumping In

May 27

Why I Sold Simon Property Group - Again

Feb 19

Simon Property FFO of $3.15 beats by $0.02, revenue of $836.01M

Feb 06

Simon Property: The Bulls Will Likely Prevail

Dec 25

Simon Property: Cheaply Valued For The Long Run

Dec 15

Simon Property Group's Rally Can Continue Through The Holidays As Shares Are Still Undervalued

Nov 11

Simon Property Group Benefits From A Changing Real Estate Model

Oct 31

Simon Property launches its own American Express card with Cardless

Oct 18

Simon Property Group: The Mall Is Dead, Long Live The Mall

Oct 11

Buy Simon Property Group's 11% FFO Yield Before Everybody Else Does

Sep 12

Simon Property Group: A Switch Makes Sense

Aug 25

Simon Property Group: This Price Is Just Plain Silly

Aug 18

Simon Property raises dividend by 6% to $1.75

Aug 01

Simon Property Group: Pessimism Has Gone Too Far

Jul 18

Simon Property Group: My Oh My, A Mall REIT Buy?

Jul 07

Simon Property Group: It's A Buy Now!

Jun 30

Simon Property: One Of The Best Yields Out There

Jun 13

Simon Property: Buy Signal From 4% Yield Spread

May 28

Simon Property Group: Undervalued And Inflation Resistant

Apr 26

Simon Property Group: 5% Yield Is Enticing And I Expect More Dividend Increases

Apr 12

Financial Position Analysis

Short Term Liabilities: SPG's short term assets ($2.0B) do not cover its short term liabilities ($3.5B).

Long Term Liabilities: SPG's short term assets ($2.0B) do not cover its long term liabilities ($27.1B).


Debt to Equity History and Analysis

Debt Level: SPG's net debt to equity ratio (674.3%) is considered high.

Reducing Debt: SPG's debt to equity ratio has increased from 578.7% to 706% over the past 5 years.

Debt Coverage: SPG's debt is not well covered by operating cash flow (14.7%).

Interest Coverage: SPG's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


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