Simon Property (SPG) FCF Margin (2009 - 2025)
Simon Property (SPG) reported 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 17 years of FCF Margin data on file, last reported at 52.96% in Q4 2025.
- FCF Margin for Q4 2025 came in at 52.96%, down 187.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 50.31% (down 98.0% YoY), and the FY2025 annual result was 50.31%, down 98.0% from the prior year.
- FCF Margin improved to 52.96% in Q4 2025 per SPG's latest filing, from 42.77% in the prior quarter.
- Over five years, FCF Margin peaked at 73.93% in Q2 2022 and troughed at 40.53% in Q1 2025.
- A 5-year average of 55.37% and a median of 54.12% in 2022 frame the typical range for FCF Margin.
- On a YoY basis, FCF Margin climbed as much as 7564 bps in 2021 and fell as far as 1277 bps in 2021.
- A 5-year view of FCF Margin shows it stood at 58.55% in 2021, then slipped by 9 bps to 53.4% in 2022, then gained by 5 bps to 56.2% in 2023, then dropped by 2 bps to 54.84% in 2024, then fell 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 | 69.18 Bn | 69.56 Bn | 1.76 Bn | 52.96% |
| 2 | Realty Income | 55.47 Bn | 56.16 Bn | - | 54.77% |
| 3 | Kimco Realty | 17.00 Bn | 17.03 Bn | 447.43 Mn | 47.63% |
| 4 | Regency Centers | 14.85 Bn | 14.97 Bn | - | 31.49% |
| 5 | Federal Realty Investment Trust | 10.68 Bn | 10.75 Bn | 265.49 Mn | -56.55% |
| 6 | Agree Realty | 8.92 Bn | 8.90 Bn | - | -133.14% |
| 7 | Nnn Reit | 8.68 Bn | 8.68 Bn | - | 18.62% |
| 8 | Essential Properties Realty Trust | 6.37 Bn | 6.38 Bn | - | -133.00% |
| 9 | Macerich | 6.30 Bn | 6.10 Bn | 158.29 Mn | 20.17% |
| 10 | Kite Realty Group Trust | 6.26 Bn | 6.38 Bn | - | 22.28% |
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 | 59.99% |
| Mar 31, 2024 | 42.29% |
| Dec 31, 2023 | 56.20% |
| Sep 30, 2023 | 50.19% |
| Jun 30, 2023 | 66.32% |
| Mar 31, 2023 | 49.05% |
| Dec 31, 2022 | 53.40% |
| Sep 30, 2022 | 59.71% |
| Jun 30, 2022 | 73.93% |
| Mar 31, 2022 | 49.17% |
| Dec 31, 2021 | 58.55% |
| Sep 30, 2021 | 52.75% |
| Jun 30, 2021 | 70.82% |
| Mar 31, 2021 | 61.37% |