Simon Property (SPG) Expense - Property and Maintenance (2009 - 2025)
Simon Property (SPG) reported Expense - Property and Maintenance of -$306.5 million for Q4 2025, down 167.15% year-over-year from $456.5 million in Q4 2024, and down 304.61% quarter-over-quarter from $149.8 million in Q3 2025.
Simon Property (SPG) Expense - Property and Maintenance (2009 - 2025) Analysis & Trends
Simon Property (SPG) has 17 years of Expense - Property and Maintenance data on file, last reported at -$306.5 million in Q4 2025.
- Expense - Property and Maintenance for Q4 2025 came in at -$306.5 million, down 167.15% year-over-year; the trailing twelve-month figure through Dec 2025 was -$100.3 million (down 113.3% YoY), and the FY2025 annual result was $119.9 million, down 77.36% from the prior year.
- Expense - Property and Maintenance slipped to -$306.5 million in Q4 2025 per SPG's latest filing, from $149.8 million in the prior quarter.
- Over five years, Expense - Property and Maintenance peaked at $456.5 million in Q4 2024 and troughed at -$306.5 million in Q4 2025.
- A 5-year average of $57.3 million and a median of $29.8 million in 2023 frame the typical range for Expense - Property and Maintenance.
- The sharpest annual moves came in 2024 and 2025: Expense - Property and Maintenance jumped 1451.6% in 2024, then plunged 167.15% in 2025.
- A 5-year view of Expense - Property and Maintenance shows it stood at -$194.9 million in 2021, then surged by 165.28% to $127.2 million in 2022, then slumped by 76.87% to $29.4 million in 2023, then jumped by 1451.6% to $456.5 million in 2024, then sank by 167.15% to -$306.5 million in 2025.
- Business Quant data shows SPG's Expense - Property and Maintenance at -$306.5 million in Q4 2025, $149.8 million in Q3 2025, and $26.2 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Expense - Property and Maintenance (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 69.18 Bn | 69.56 Bn | 1.76 Bn | -306.53 Mn |
| 2 | Realty Income | 55.47 Bn | 56.16 Bn | - | 116.84 Mn |
| 3 | Kimco Realty | 17.00 Bn | 17.03 Bn | 447.43 Mn | - |
| 4 | Regency Centers | 14.85 Bn | 14.97 Bn | - | - |
| 5 | Federal Realty Investment Trust | 10.68 Bn | 10.75 Bn | 265.49 Mn | - |
| 6 | Agree Realty | 8.92 Bn | 8.90 Bn | - | - |
| 7 | Nnn Reit | 8.68 Bn | 8.68 Bn | - | - |
| 8 | Essential Properties Realty Trust | 6.37 Bn | 6.38 Bn | - | 1.50 Mn |
| 9 | Macerich | 6.30 Bn | 6.10 Bn | 158.29 Mn | - |
| 10 | Kite Realty Group Trust | 6.26 Bn | 6.38 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -306.53 Mn |
| Sep 30, 2025 | 149.81 Mn |
| Jun 30, 2025 | 26.24 Mn |
| Mar 31, 2025 | 30.14 Mn |
| Dec 31, 2024 | 456.48 Mn |
| Sep 30, 2024 | 141.11 Mn |
| Jun 30, 2024 | 131.29 Mn |
| Mar 31, 2024 | 25.73 Mn |
| Dec 31, 2023 | 29.42 Mn |
| Sep 30, 2023 | 22.66 Mn |
| Jun 30, 2023 | 23.00 Mn |
| Mar 31, 2023 | 111.75 Mn |
| Dec 31, 2022 | 127.21 Mn |
| Sep 30, 2022 | 120.86 Mn |
| Jun 30, 2022 | 20.05 Mn |
| Mar 31, 2022 | 103.66 Mn |
| Dec 31, 2021 | -194.86 Mn |
| Sep 30, 2021 | 21.74 Mn |
| Jun 30, 2021 | 19.04 Mn |
| Mar 31, 2021 | 86.62 Mn |