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
DateValue
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