SPGSIMON PROPERTY GROUP INC.
Real Estate Investment Trusts
- Revenue
- $6.4B
- 6.7% YoY
- Operating margin
- 49.9%
- 3.8% YoY
- EBITDA
- $4.6B
- 5.6% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 6.0×
- $27.7B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear—Over 10% of revenue
- Payouts exceed cash flowClear5% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $5.1B | $5.3B | $5.7B | $6.0B | $6.4B | 6.7% |
| Operating income | $2.4B | $2.6B | $2.8B | $3.1B | $3.2B | 2.7% |
| Operating cash flow | $3.6B | $3.8B | $3.9B | $3.8B | $4.1B | 8.4% |
| Capex | $528M | $650M | $793M | $756M | $934M | 24% |
| Buybacks | — | $180M | $141M | — | $227M |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $461K · 11
- Open-market sells, 12 mo
- $0 · 0
- Net
- $461K
Pay vs performance
No pay-versus-performance disclosure yet.