Simon Property (SPG-PJ) Operating Leases (2019 - 2025)

Simon Property (SPG-PJ) reported Operating Leases of $756.5 million for 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.

Simon Property (SPG-PJ) Operating Leases (2019 - 2025) Analysis & Trends

Simon Property (SPG-PJ) has 7 years of Operating Leases data on file, last reported at $756.5 million in Q4 2025.

  • Operating Leases for Q4 2025 came in at $756.5 million, up 45.41% year-over-year; the trailing twelve-month figure through Dec 2025 was $756.5 million (up 45.41% YoY), and the FY2025 annual result was $756.5 million, up 45.41% from the prior year.
  • Operating Leases rose to $756.5 million in Q4 2025 per SPG-PJ's latest filing, 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.
  • The sharpest annual moves came in 2023 and 2025: Operating Leases dropped 2.63% in 2023, then soared 45.41% in 2025.
  • A 5-year view of Operating Leases shows it stood at $506.9 million in 2021, then slipped by 1.77% to $498.0 million in 2022, then retreated by 2.63% to $484.9 million in 2023, then increased by 7.31% to $520.3 million in 2024, then soared by 45.41% to $756.5 million in 2025.
  • Business Quant data shows SPG-PJ's Operating Leases at $756.5 million in Q4 2025, $529.7 million in Q3 2025, and $516.1 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Simon Property 69.18 Bn 69.56 Bn 1.76 Bn
2 Realty Income 55.47 Bn 56.16 Bn -
3 Kimco Realty 17.00 Bn 17.03 Bn 447.43 Mn
4 Regency Centers 14.85 Bn 14.97 Bn -
5 Federal Realty Investment Trust 10.68 Bn 10.75 Bn 265.49 Mn
6 Agree Realty 8.92 Bn 8.90 Bn -
7 Nnn Reit 8.68 Bn 8.68 Bn -
8 Essential Properties Realty Trust 6.37 Bn 6.38 Bn -
9 Macerich 6.30 Bn 6.10 Bn 158.29 Mn
10 Simon Property - - 1.76 Bn

Historic Data

Download Data
DateValue
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