Simon Property (SPG) Cost of Revenue (2009 - 2025)

Simon Property (SPG) reported Cost of Revenue of $35.4 million for Q4 2025, up 20.74% year-over-year from $29.3 million in Q4 2024, and down 12.01% quarter-over-quarter from $40.2 million in Q3 2025.

Simon Property (SPG) Cost of Revenue (2009 - 2025) Analysis & Trends

Simon Property (SPG) has 17 years of Cost of Revenue data on file, last reported at $35.4 million in Q4 2025.

  • Cost of Revenue for Q4 2025 came in at $35.4 million, up 20.74% year-over-year; the trailing twelve-month figure through Dec 2025 was $142.2 million (down 4.99% YoY), and the FY2025 annual result was $142.2 million, down 4.99% from the prior year.
  • Cost of Revenue declined to $35.4 million in Q4 2025 per SPG's latest filing, from $40.2 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $56.3 million in Q4 2021 and troughed at $23.6 million in Q1 2021.
  • A 5-year average of $38.6 million and a median of $39.0 million in 2024 frame the typical range for Cost of Revenue.
  • The sharpest annual moves came in 2022 and 2024: Cost of Revenue surged 80.08% in 2022, then tumbled 47.2% in 2024.
  • A 5-year view of Cost of Revenue shows it stood at $56.3 million in 2021, then retreated by 19.12% to $45.6 million in 2022, then rose by 21.75% to $55.5 million in 2023, then plunged by 47.2% to $29.3 million in 2024, then gained by 20.74% to $35.4 million in 2025.
  • Business Quant data shows SPG's Cost of Revenue at $35.4 million in Q4 2025, $40.2 million in Q3 2025, and $35.7 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Simon Property 69.47 Bn 69.85 Bn 1.76 Bn 35.37 Mn
2 Realty Income 55.47 Bn 56.16 Bn - -
3 Kimco Realty 17.17 Bn 17.20 Bn 447.43 Mn 95.02 Mn
4 Regency Centers 14.96 Bn 15.08 Bn - -
5 Federal Realty Investment Trust 10.63 Bn 10.70 Bn 265.49 Mn 70.55 Mn
6 Agree Realty 9.06 Bn 9.04 Bn - -
7 Nnn Reit 8.79 Bn 8.79 Bn - -
8 Essential Properties Realty Trust 6.48 Bn 6.49 Bn - -
9 Macerich 6.31 Bn 6.12 Bn 158.29 Mn 83.25 Mn
10 Kite Realty Group Trust 6.29 Bn 6.40 Bn - -

Historic Data

Download Data
DateValue
Dec 31, 2025 35.37 Mn
Dec 31, 2025 35.37 Mn
Sep 30, 2025 40.20 Mn
Sep 30, 2025 40.20 Mn
Jun 30, 2025 35.66 Mn
Jun 30, 2025 35.66 Mn
Mar 31, 2025 30.98 Mn
Mar 31, 2025 30.98 Mn
Dec 31, 2024 29.29 Mn
Dec 31, 2024 29.29 Mn
Sep 30, 2024 37.78 Mn
Sep 30, 2024 37.78 Mn
Jun 30, 2024 41.55 Mn
Jun 30, 2024 41.55 Mn
Mar 31, 2024 41.05 Mn
Mar 31, 2024 41.05 Mn
Dec 31, 2023 55.48 Mn
Dec 31, 2023 55.48 Mn
Sep 30, 2023 41.24 Mn
Sep 30, 2023 41.24 Mn