Simon Property (SPG-PJ) EBT Margin (2009 - 2025)
Simon Property (SPG-PJ) reported EBT Margin of 34.52% for Q4 2025, down 393.0% year-over-year from 11.78% in Q4 2024, and down 3.04% quarter-over-quarter from 35.6% in Q3 2025.
Simon Property (SPG-PJ) EBT Margin (2009 - 2025) Analysis & Trends
Simon Property (SPG-PJ) has 17 years of EBT Margin data on file, last reported at 34.52% in Q4 2025.
- EBT Margin for Q4 2025 came in at 34.52%, down 393.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 34.58% (down 210.0% YoY), and the FY2025 annual result was 34.58%, down 210.0% from the prior year.
- EBT Margin slipped to 34.52% in Q4 2025 per SPG-PJ's latest filing, from 35.6% in the prior quarter.
- Over five years, EBT Margin peaked at 38.45% in Q4 2024 and troughed at 30.01% in Q4 2021.
- A 5-year average of 34.34% and a median of 34.32% in 2023 frame the typical range for EBT Margin.
- The sharpest annual moves came in 2021 and 2025: EBT Margin surged 1276 bps in 2021, then sank 393 bps in 2025.
- A 5-year view of EBT Margin shows it stood at 30.01% in 2021, then gained by 15 bps to 34.52% in 2022, then advanced by 8 bps to 37.14% in 2023, then rose by 4 bps to 38.45% in 2024, then decreased by 10 bps to 34.52% in 2025.
- Business Quant data shows SPG-PJ's EBT Margin at 34.52% in Q4 2025, 35.6% in Q3 2025, and 34.13% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 69.18 Bn | 69.56 Bn | 1.76 Bn | 34.52% |
| 2 | Realty Income | 55.47 Bn | 56.16 Bn | - | 22.41% |
| 3 | Kimco Realty | 17.00 Bn | 17.03 Bn | 447.43 Mn | 23.86% |
| 4 | Regency Centers | 14.85 Bn | 14.97 Bn | - | 26.77% |
| 5 | Federal Realty Investment Trust | 10.68 Bn | 10.75 Bn | 265.49 Mn | 39.39% |
| 6 | Agree Realty | 8.92 Bn | 8.90 Bn | - | 31.19% |
| 7 | Nnn Reit | 8.68 Bn | 8.68 Bn | - | 39.08% |
| 8 | Essential Properties Realty Trust | 6.37 Bn | 6.38 Bn | - | 37.85% |
| 9 | Macerich | 6.30 Bn | 6.10 Bn | 158.29 Mn | -66.34% |
| 10 | Simon Property | - | - | 1.76 Bn | 34.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 34.52% |
| Sep 30, 2025 | 35.60% |
| Jun 30, 2025 | 34.13% |
| Mar 31, 2025 | 33.99% |
| Dec 31, 2024 | 38.45% |
| Sep 30, 2024 | 36.56% |
| Jun 30, 2024 | 36.53% |
| Mar 31, 2024 | 34.98% |
| Dec 31, 2023 | 37.14% |
| Sep 30, 2023 | 34.16% |
| Jun 30, 2023 | 32.11% |
| Mar 31, 2023 | 34.30% |
| Dec 31, 2022 | 34.52% |
| Sep 30, 2022 | 35.29% |
| Jun 30, 2022 | 34.34% |
| Mar 31, 2022 | 33.58% |
| Dec 31, 2021 | 30.01% |
| Sep 30, 2021 | 31.82% |
| Jun 30, 2021 | 32.24% |
| Mar 31, 2021 | 32.47% |