Simon Property (SPG-PJ) FCF Margin (2009 - 2025)
Simon Property's (SPG-PJ) quarterly FCF Margin came in at 52.96% in Q4 2025, down 187.0% year-over-year from 60.88% in Q4 2024, and up 23.83% quarter-over-quarter from 42.77% in Q3 2025.
Analysis
Simon Property (SPG-PJ) FCF Margin (2009 - 2025) Analysis & Trends
Simon Property (SPG-PJ) has reported FCF Margin for 17 consecutive years, with 52.96% the latest figure, recorded in Q4 2025.
- On a quarterly basis, FCF Margin fell 187.0% year-over-year to 52.96% in Q4 2025; TTM through Dec 2025 was 50.31%, a 98.0% decrease from a year earlier, with the FY2025 full-year figure at 50.31%, down 98.0% from the prior year.
- FCF Margin was 52.96% for Q4 2025 at Simon Property, up from 42.77% in the prior quarter.
- Over five years, FCF Margin peaked at 73.93% in Q2 2022 and troughed at 40.53% in Q1 2025.
- A 5-year average of 55.37% and a median of 54.12% in 2022 frame the typical range for FCF Margin.
- The widest YoY moves for FCF Margin: up 7564 bps in 2021, down 1277 bps in 2021.
- Over 5 years, FCF Margin stood at 58.55% in 2021, then decreased by 9 bps to 53.4% in 2022, then rose by 5 bps to 56.2% in 2023, then slipped by 2 bps to 54.84% in 2024, then declined by 3 bps to 52.96% in 2025.
- The last three FCF Margin figures came in at 52.96% (Q4 2025), 42.77% (Q3 2025), and 64.82% (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 18.05 Bn | 18.05 Bn | 1.76 Bn | 52.96% |
| 2 | Kimco Realty | 15.80 Bn | 15.80 Bn | 455.67 Mn | - |
| 3 | Federal Realty Investment Trust | 9.97 Bn | 9.97 Bn | 271.22 Mn | - |
| 4 | Macerich | 6.38 Bn | 6.38 Bn | 171.77 Mn | -69.91% |
| 5 | Kite Realty Group Trust | 5.26 Bn | 5.26 Bn | - | - |
| 6 | Phillips Edison & Company | 4.87 Bn | 4.87 Bn | - | -12.62% |
| 7 | Tanger | 4.21 Bn | 4.21 Bn | - | 33.67% |
| 8 | Curbline Properties | 3.12 Bn | 3.12 Bn | - | -515.41% |
| 9 | Acadia Realty Trust | 2.69 Bn | 2.69 Bn | 14.03 Mn | -63.11% |
| 10 | Urban Edge Properties | 2.62 Bn | 2.56 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 52.96% |
| Sep 30, 2025 | 42.77% |
| Jun 30, 2025 | 64.82% |
| Mar 31, 2025 | 40.53% |
| Dec 31, 2024 | 54.84% |
| Sep 30, 2024 | 47.71% |
| Jun 30, 2024 | 59.99% |
| Mar 31, 2024 | 42.29% |
| Dec 31, 2023 | 56.20% |
| Sep 30, 2023 | 50.19% |
| Jun 30, 2023 | 66.32% |
| Mar 31, 2023 | 49.05% |
| Dec 31, 2022 | 53.40% |
| Sep 30, 2022 | 59.71% |
| Jun 30, 2022 | 73.93% |
| Mar 31, 2022 | 49.17% |
| Dec 31, 2021 | 58.55% |
| Sep 30, 2021 | 52.75% |
| Jun 30, 2021 | 70.82% |
| Mar 31, 2021 | 61.37% |