Simon Property Group (SPG)
Owner and operator of malls, Premium Outlets, The Mills and mixed-use retail destinations.
$205.16
vs last close−0.79 (−0.38%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,411 | 1,527 | 1,443 | 1,458 | 1,481 | 1,582 | 1,473 | 1,498 | 1,602 | 1,791 | 1,757 | 1,791 |
| Cost of revenue | 275 | 256 | 261 | 228 | 258 | 272 | 274 | 215 | 265 | 155 | 347 | 303 |
| Gross profit | 1,136 | 1,272 | 1,182 | 1,230 | 1,223 | 1,310 | 1,199 | 1,283 | 1,336 | 1,637 | 1,410 | 1,487 |
| 442 | 480 | 446 | 476 | 455 | 475 | 471 | 539 | 523 | 746 | 648 | 663 | |
| 38 | 51 | 37 | 50 | 43 | 59 | 47 | 51 | 55 | 129 | 156 | 51 | |
| Selling & marketing | 29 | 41 | 28 | 39 | 34 | 44 | 34 | 36 | 39 | 47 | 34 | 39 |
| General & administrative | 9 | 10 | 9 | 11 | 9 | 16 | 13 | 14 | 16 | 83 | 122 | 12 |
| Other expenses | 404 | 429 | 409 | 427 | 412 | 416 | 424 | 489 | 469 | 617 | 492 | 612 |
| Operating income | 694 | 792 | 735 | 754 | 768 | 836 | 728 | 744 | 813 | 891 | 762 | 824 |
| 30 | 109 | 154 | −180 | −218 | −96 | −257 | −65 | −108 | 2,642 | −303 | −239 | |
| Interest expense | 212 | 225 | 231 | 221 | 226 | 227 | 227 | 233 | 243 | 272 | 276 | 281 |
| Other non-operating income | −242 | −334 | −384 | −42 | −8 | −132 | 30 | −167 | 108 | −2,915 | 62 | −42 |
| Income before tax | 724 | 901 | 889 | 574 | 549 | 740 | 470 | 679 | 705 | 3,533 | 459 | 585 |
| Income tax expense | 43 | 42 | 48 | 5 | 3 | −32 | −8 | 35 | 15 | −7 | −20 | 11 |
| Net income from continuing operations | 681 | 859 | 841 | 569 | 547 | 772 | 478 | 644 | 690 | 3,540 | 479 | 574 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 90 | 0 |
| Net income | 595 | 748 | 733 | 494 | 476 | 668 | 415 | 557 | 594 | 3,049 | 480 | 484 |
| EPS, basic | $1.85 | $2.30 | $2.25 | $1.51 | $1.46 | $2.04 | $1.27 | $1.70 | $1.82 | $9.35 | $1.48 | $1.49 |
| EPS, diluted | $1.85 | $2.30 | $2.25 | $1.51 | $1.46 | $2.04 | $1.27 | $1.70 | $1.82 | $9.35 | $1.48 | $1.49 |
| Weighted average shares, basic | 327 | 326 | 326 | 326 | 326 | 326 | 326 | 327 | 327 | 326 | 324 | 324 |
| Weighted average shares, diluted | 327 | 326 | 326 | 326 | 326 | 326 | 326 | 327 | 327 | 326 | 324 | 324 |
| EBITDA | 1,270 | 1,465 | 1,444 | 1,128 | 1,118 | 1,328 | 1,053 | 1,279 | 1,044 | 4,226 | 1,159 | 1,364 |
| Depreciation & amortization | 333 | 339 | 325 | 333 | 342 | 361 | 356 | 368 | 339 | 421 | 459 | 498 |
| EBIT | 936 | 1,126 | 1,119 | 796 | 776 | 967 | 697 | 912 | 705 | 3,805 | 700 | 866 |
