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| Date | Value |
|---|---|
| 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 |