Simon Property (SPG-PJ) Tax Rate (2009 - 2025)
Simon Property's (SPG-PJ) quarterly Tax Rate came in at 1.1% in Q4 2025, up 415.0% year-over-year from 0.21% in Q4 2024, and down 141.46% quarter-over-quarter from 2.65% in Q3 2025.
Analysis
Simon Property (SPG-PJ) Tax Rate (2009 - 2025) Analysis & Trends
Simon Property (SPG-PJ) has reported Tax Rate for 17 consecutive years, with 1.1% the latest figure, recorded in Q4 2025.
- On a quarterly basis, Tax Rate rose 415.0% year-over-year to 1.1% in Q4 2025; TTM through Dec 2025 was 1.63%, a 56.0% increase from a year earlier, with the FY2025 full-year figure at 1.63%, up 56.0% from the prior year.
- Tax Rate was 1.1% for Q4 2025 at Simon Property, down from 2.65% in the prior quarter.
- Over five years, Tax Rate peaked at 16.3% in Q3 2021 and troughed at 5.25% in Q4 2024.
- A 5-year average of 4.24% and a median of 2.52% in 2023 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate soared 1493 bps in 2021 and tumbled 1453 bps in 2022, its largest moves.
- Over 5 years, Tax Rate stood at 12.27% in 2021, then slipped by 12 bps to 10.83% in 2022, then slumped by 32 bps to 7.34% in 2023, then slumped by 171 bps to 5.25% in 2024, then surged by 79 bps to 1.1% in 2025.
- The last three Tax Rate figures came in at 1.1% (Q4 2025), 2.65% (Q3 2025), and 6.86% (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 18.05 Bn | 18.05 Bn | 1.76 Bn | -1.10% |
| 2 | Kimco Realty | 15.92 Bn | 15.92 Bn | 455.67 Mn | 0.00% |
| 3 | Federal Realty Investment Trust | 10.05 Bn | 10.05 Bn | 271.22 Mn | - |
| 4 | Macerich | 6.42 Bn | 6.42 Bn | 171.77 Mn | -0.47% |
| 5 | Kite Realty Group Trust | 5.30 Bn | 5.30 Bn | - | - |
| 6 | Phillips Edison & Company | 4.92 Bn | 4.92 Bn | - | - |
| 7 | Tanger | 4.25 Bn | 4.25 Bn | - | - |
| 8 | Curbline Properties | 3.16 Bn | 3.16 Bn | - | 0.93% |
| 9 | Acadia Realty Trust | 2.72 Bn | 2.72 Bn | 14.03 Mn | 0.67% |
| 10 | Urban Edge Properties | 2.64 Bn | 2.58 Bn | - | 3.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -1.10% |
| Sep 30, 2025 | 2.65% |
| Jun 30, 2025 | 6.86% |
| Mar 31, 2025 | -1.53% |
| Dec 31, 2024 | -5.25% |
| Sep 30, 2024 | 0.48% |
| Jun 30, 2024 | 0.93% |
| Mar 31, 2024 | 9.43% |
| Dec 31, 2023 | 7.34% |
| Sep 30, 2023 | 8.97% |
| Jun 30, 2023 | 2.38% |
| Mar 31, 2023 | -2.90% |
| Dec 31, 2022 | 10.83% |
| Sep 30, 2022 | 1.78% |
| Jun 30, 2022 | 5.54% |
| Mar 31, 2022 | -0.33% |
| Dec 31, 2021 | 12.27% |
| Sep 30, 2021 | 16.30% |
| Jun 30, 2021 | 11.63% |
| Mar 31, 2021 | -1.46% |