Simon Property (SPG) EBT Margin (2009 - 2025)
Simon Property (SPG) posted quarterly EBT Margin of 34.52% for Q4 2025, down 358.0% year-over-year from 13.38% in Q4 2024, and down 3.04% quarter-over-quarter from 35.6% in Q3 2025.
Simon Property (SPG) EBT Margin (2009 - 2025) Analysis & Trends
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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 72.47 Bn | 72.47 Bn | 1.76 Bn | 34.52% |
| 2 | Realty Income | 57.84 Bn | 57.84 Bn | - | 25.61% |
| 3 | Kimco Realty | 16.15 Bn | 16.15 Bn | 455.67 Mn | 22.16% |
| 4 | Federal Realty Investment Trust | 10.05 Bn | 10.05 Bn | 271.22 Mn | 26.58% |
| 5 | Agree Realty | 8.87 Bn | 8.86 Bn | - | 4.83% |
| 6 | Nnn Reit | 8.70 Bn | 8.70 Bn | - | 40.09% |
| 7 | Macerich | 6.67 Bn | 6.67 Bn | 171.77 Mn | -86.56% |
| 8 | Essential Properties Realty Trust | 6.53 Bn | 6.53 Bn | - | 46.40% |
| 9 | Kite Realty Group Trust | 5.31 Bn | 5.31 Bn | - | - |
| 10 | Phillips Edison & Company | 5.02 Bn | 5.02 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 34.52% |
| Sep 30, 2025 | 35.60% |
| Jun 30, 2025 | 9.67% |
| Mar 31, 2025 | 33.99% |
| Dec 31, 2024 | 38.10% |
| Sep 30, 2024 | 36.56% |
| Jun 30, 2024 | 36.53% |
| Mar 31, 2024 | 34.98% |
| Dec 31, 2023 | 37.14% |
| Sep 30, 2023 | 34.16% |
| Jun 30, 2023 | 32.11% |
| Mar 31, 2023 | 34.30% |
| Dec 31, 2022 | 34.52% |
| Sep 30, 2022 | 35.29% |
| Jun 30, 2022 | 34.34% |
| Mar 31, 2022 | 33.58% |
| Dec 31, 2021 | 30.01% |
| Sep 30, 2021 | 31.82% |
| Jun 30, 2021 | 32.24% |
| Mar 31, 2021 | 32.47% |