Simon Property Group income statement
In fiscal 2025, Simon Property Group reported revenue of $6.36bn, up 6.7% on the year before, operating income of $3.18bn (a 49.9% margin) and net income of $4.62bn, or $14.17 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,775 | 3,958 | 4,306 | 4,256 | 4,544 | 4,871 | 5,266 | 5,435 | 5,527 | 5,645 | 5,755 | 4,608 | 5,117 | 5,291 | 5,659 | 5,964 | 6,365 | 6,941 |
| General and administrative | 18 | 21 | 46 | 57 | 60 | 60 | 60 | 65 | 52 | 47 | 35 | 23 | 30 | 35 | 39 | 45 | 61 | 100 |
| Operating income | 1,407 | 1,747 | 1,943 | 2,006 | 2,189 | 2,385 | 2,669 | 2,721 | 2,802 | 2,926 | 2,913 | 1,972 | 2,413 | 2,584 | 2,807 | 3,093 | 3,175 | 3,290 |
| Interest expense | 992 | 1,027 | 984 | 1,068 | 1,082 | 993 | 924 | 858 | 809 | 816 | 789 | 784 | 796 | 761 | 855 | 906 | 975 | 1,072 |
| Provision for credit losses | 23 | 3 | 7 | 11 | 7 | 12 | 7 | 7 | 11 | 13 | — | — | — | — | — | — | — | — |
| Income tax | −5 | 4 | 12 | 16 | 40 | 28 | 20 | — | — | — | — | — | — | — | 69 | 9 | 20 | — |
| Net income | 283 | 610 | 1,021 | 1,431 | 1,316 | 1,405 | 1,824 | 1,836 | 1,945 | 2,437 | 2,098 | 1,109 | 2,246 | 2,136 | 2,280 | 2,368 | 4,624 | 4,617 |
| Diluted EPS | $1.05 | $1.98 | $3.27 | $4.72 | $4.24 | $4.52 | $5.88 | $5.87 | $6.24 | $7.87 | $6.81 | $3.59 | $6.84 | $6.52 | $6.98 | $7.26 | $14.17 | $14.19 |
| Diluted shares (average) | 285m | 310m | 312m | 303m | 310m | 311m | 310m | 313m | 312m | 310m | 308m | 309m | 329m | 328m | 327m | 326m | 326m | 325m |
| EBITDA | 2,404 | 2,730 | 3,009 | 3,075 | 3,296 | 3,529 | 3,846 | 3,974 | 4,078 | 4,209 | 4,253 | 3,290 | 3,676 | 3,811 | 4,069 | 4,358 | 4,602 | 4,968 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,481 | 1,582 | 1,473 | 1,498 | 1,602 | 1,791 | 1,757 | 1,791 |
| General and administrative | 9 | 16 | 13 | 14 | 16 | 18 | 54 | 12 |
| Operating income | 768 | 836 | 728 | 744 | 813 | 891 | 762 | 824 |
| Interest expense | 226 | 227 | 227 | 233 | 243 | 272 | 276 | 281 |
| Net income | 475 | 667 | 414 | 556 | 606 | 3,048 | 480 | 483 |
| Diluted EPS | $1.46 | $2.04 | $1.27 | $1.70 | $1.86 | $9.35 | $1.48 | $1.49 |
| EBITDA | 1,088 | 1,163 | 1,056 | 1,083 | 1,152 | 1,311 | 1,221 | 1,284 |
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