Simon Property (SPG) EBT Margin (2009 - 2025)

Simon Property (SPG) has reported EBT Margin for 17 consecutive years, with 34.52% the latest figure, recorded in Q4 2025.

• In Q4 2025, EBT Margin fell 358.0% year-over-year to 34.52%; the TTM figure through Dec 2025 stood at 28.82% (down 776.0% YoY), while the FY2025 annual figure was 21.69%, down 1489.0% from the prior year.
• EBT Margin fell to 34.52% in Q4 2025 per SPG's latest filing, from 35.6% in the prior quarter.
• Across five years, EBT Margin topped out at 38.1% in Q4 2024 and bottomed at 9.67% in Q2 2025.
• Historically, EBT Margin has averaged 33.1% across 5 years, with a median of 34.32% in 2023.
• Annual changes were most pronounced in 2021 — EBT Margin surged 1276 bps — and 2025, when it sank 2686 bps.
• Simon Property's EBT Margin stood at 30.01% in 2021, then advanced by 15 bps to 34.52% in 2022, then climbed by 8 bps to 37.14% in 2023, then gained by 3 bps to 38.1% in 2024, then fell by 9 bps to 34.52% in 2025.
• Business Quant data shows SPG's EBT Margin at 34.52% in Q4 2025, 35.6% in Q3 2025, and 9.67% in Q2 2025.