Simon Property (SPG) FCF Margin (2009 - 2025)
Simon Property's (SPG) quarterly FCF Margin came in at 52.96% in 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.
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Analysis
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.
- On a quarterly basis, FCF Margin fell 187.0% year-over-year to 52.96% in Q4 2025; TTM through Dec 2025 was 50.31%, a 98.0% decrease from a year earlier, with the FY2025 full-year figure at 50.31%, down 98.0% from the prior year.
- FCF Margin was 52.96% for Q4 2025 at Simon Property, up 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.
- The widest YoY moves for FCF Margin: up 7564 bps in 2021, down 1277 bps in 2021.
- Over 5 years, FCF Margin stood at 58.55% in 2021, then decreased by 9 bps to 53.4% in 2022, then rose by 5 bps to 56.2% in 2023, then slipped by 2 bps to 54.84% in 2024, then declined by 3 bps to 52.96% in 2025.
- The last three FCF Margin figures came in at 52.96% (Q4 2025), 42.77% (Q3 2025), and 64.82% (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 165.94 Bn | 165.00 Bn | 1.39 Bn | 19.31% |
| 2 | Prologis | 126.84 Bn | 131.24 Bn | 2.41 Bn | - |
| 3 | Simon Property | 67.22 Bn | 68.48 Bn | 1.76 Bn | 52.96% |
| 4 | Realty Income | 53.47 Bn | 55.85 Bn | - | -48.82% |
| 5 | Public Storage | 50.86 Bn | 50.70 Bn | 1.20 Bn | 55.39% |
| 6 | Ventas | 44.55 Bn | 44.86 Bn | 1.73 Bn | -53.23% |
| 7 | Extra Space Storage | 28.52 Bn | 29.39 Bn | 642.43 Mn | 48.91% |
| 8 | Vici Properties | 26.41 Bn | 25.98 Bn | 1.05 Bn | 27.75% |
| 9 | Vivmark Residential | 23.37 Bn | 23.56 Bn | - | - |
| 10 | Invitation Homes | 16.02 Bn | 16.06 Bn | 705.34 Mn | 42.97% |
Historic Data
Download Data
Historic 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% |
API Access
Simon Property FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=SPG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "SPG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=SPG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();