Simon Property (SPG) FCF Margin (2009 - 2025)
Simon Property (SPG) posted quarterly FCF Margin of 52.96% for Q4 2025, down 187.0% year-over-year from 60.88% in Q4 2024, and up 23.83% quarter-over-quarter from 42.77% in Q3 2025.
Simon Property (SPG) FCF Margin (2009 - 2025) Analysis & Trends
Simon Property (SPG) has reported FCF Margin for 17 consecutive years, with 52.96% the latest figure, recorded in Q4 2025.
- In Q4 2025, FCF Margin fell 187.0% year-over-year to 52.96%; the TTM figure through Dec 2025 stood at 50.31% (down 98.0% YoY), while the FY2025 annual figure was 50.31%, down 98.0% from the prior year.
- FCF Margin advanced to 52.96% in Q4 2025 per SPG's latest filing, from 42.77% in the prior quarter.
- Across five years, FCF Margin topped out at 193.75% in Q3 2022 and bottomed at 206.18% in Q4 2022.
- Historically, FCF Margin has averaged 14.41% across 5 years, with a median of 41.65% in 2025.
- Annual changes were most pronounced in 2022 — FCF Margin soared 20737 bps — and 2023, when it slumped 34759 bps.
- Simon Property's FCF Margin stood at 8.15% in 2021, then slumped by 2431 bps to 206.18% in 2022, then soared by 94 bps to 11.67% in 2023, then jumped by 570 bps to 54.84% in 2024, then retreated by 3 bps to 52.96% in 2025.
- Business Quant data shows SPG's FCF Margin at 52.96% in Q4 2025, 42.77% in Q3 2025, and 64.82% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 72.47 Bn | 72.47 Bn | 1.76 Bn | 52.96% |
| 2 | Realty Income | 57.84 Bn | 57.84 Bn | - | -48.82% |
| 3 | Kimco Realty | 16.15 Bn | 16.15 Bn | 455.67 Mn | - |
| 4 | Federal Realty Investment Trust | 10.05 Bn | 10.05 Bn | 271.22 Mn | - |
| 5 | Agree Realty | 8.87 Bn | 8.86 Bn | - | -159.29% |
| 6 | Nnn Reit | 8.70 Bn | 8.70 Bn | - | -59.57% |
| 7 | Macerich | 6.67 Bn | 6.67 Bn | 171.77 Mn | -69.91% |
| 8 | Essential Properties Realty Trust | 6.53 Bn | 6.53 Bn | - | -78.20% |
| 9 | Kite Realty Group Trust | 5.31 Bn | 5.31 Bn | - | - |
| 10 | Phillips Edison & Company | 5.02 Bn | 5.02 Bn | - | -12.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 52.96% |
| Sep 30, 2025 | 42.77% |
| Jun 30, 2025 | 64.82% |
| Mar 31, 2025 | 40.53% |
| Dec 31, 2024 | 54.84% |
| Sep 30, 2024 | 47.71% |
| Jun 30, 2024 | 105.73% |
| Mar 31, 2024 | -3.95% |
| Dec 31, 2023 | -11.67% |
| Sep 30, 2023 | -153.84% |
| Jun 30, 2023 | 66.32% |
| Mar 31, 2023 | 49.05% |
| Dec 31, 2022 | -206.18% |
| Sep 30, 2022 | 193.75% |
| Jun 30, 2022 | -63.87% |
| Mar 31, 2022 | 49.17% |
| Dec 31, 2021 | -8.15% |
| Sep 30, 2021 | -13.62% |
| Jun 30, 2021 | -9.02% |
| Mar 31, 2021 | -9.22% |