Simon Property (SPG-PJ) Operating Leases (2019 - 2025)
Simon Property's (SPG-PJ) quarterly Operating Leases came in at $756.5 million in Q4 2025, up 45.41% year-over-year from $520.3 million in Q4 2024, and up 42.82% quarter-over-quarter from $529.7 million in Q3 2025.
Analysis
Simon Property (SPG-PJ) Operating Leases (2019 - 2025) Analysis & Trends
Simon Property (SPG-PJ) has reported Operating Leases for 7 consecutive years, with $756.5 million the latest figure, recorded in Q4 2025.
- On a quarterly basis, Operating Leases rose 45.41% year-over-year to $756.5 million in Q4 2025; TTM through Dec 2025 was $756.5 million, a 45.41% increase from a year earlier, with the FY2025 full-year figure at $756.5 million, up 45.41% from the prior year.
- Operating Leases was $756.5 million for Q4 2025 at Simon Property, up from $529.7 million in the prior quarter.
- Over five years, Operating Leases peaked at $756.5 million in Q4 2025 and troughed at $484.9 million in Q4 2023.
- A 5-year average of $521.1 million and a median of $510.1 million in 2021 frame the typical range for Operating Leases.
- Across the five-year window, Operating Leases slipped 2.63% in 2023 and surged 45.41% in 2025, its largest moves.
- Over 5 years, Operating Leases stood at $506.9 million in 2021, then decreased by 1.77% to $498.0 million in 2022, then fell by 2.63% to $484.9 million in 2023, then grew by 7.31% to $520.3 million in 2024, then surged by 45.41% to $756.5 million in 2025.
- The last three Operating Leases figures came in at $756.5 million (Q4 2025), $529.7 million (Q3 2025), and $516.1 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Simon Property | 18.05 Bn | 18.05 Bn | 1.76 Bn |
| 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 |
| 5 | Kite Realty Group Trust | 5.26 Bn | 5.26 Bn | - |
| 6 | Phillips Edison & Company | 4.87 Bn | 4.87 Bn | - |
| 7 | Tanger | 4.21 Bn | 4.21 Bn | - |
| 8 | Curbline Properties | 3.12 Bn | 3.12 Bn | - |
| 9 | Acadia Realty Trust | 2.69 Bn | 2.69 Bn | 14.03 Mn |
| 10 | Urban Edge Properties | 2.62 Bn | 2.56 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 756.54 Mn |
| Sep 30, 2025 | 529.71 Mn |
| Jun 30, 2025 | 516.07 Mn |
| Mar 31, 2025 | 518.17 Mn |
| Dec 31, 2024 | 520.28 Mn |
| Sep 30, 2024 | 522.09 Mn |
| Jun 30, 2024 | 523.97 Mn |
| Mar 31, 2024 | 525.68 Mn |
| Dec 31, 2023 | 484.86 Mn |
| Sep 30, 2023 | 490.83 Mn |
| Jun 30, 2023 | 493.19 Mn |
| Mar 31, 2023 | 495.57 Mn |
| Dec 31, 2022 | 497.95 Mn |
| Sep 30, 2022 | 500.20 Mn |
| Jun 30, 2022 | 502.44 Mn |
| Mar 31, 2022 | 504.68 Mn |
| Dec 31, 2021 | 506.93 Mn |
| Sep 30, 2021 | 509.07 Mn |
| Jun 30, 2021 | 511.21 Mn |
| Mar 31, 2021 | 513.35 Mn |