Simon Property (SPG) FCF Margin (2009 - 2026)
Simon Property's FCF Margin was 35.57% in Q1 2026, down 4.96 percentage points from 40.53% a year earlier and down 17.40 percentage points from the prior quarter.
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Analysis
Simon Property (SPG) FCF Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Simon Property's FCF Margin was 48.58% through Mar 31, 2026, down 2.23 percentage points year-over-year; for FY2025, it was 50.31%, down 0.98 percentage points from FY2024.
- FCF Margin has now declined for four consecutive years, though with a five-year change of +10.32 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 51.29% in FY2024 (-4.15 pp), 55.44% in FY2023 (-3.45 pp), 58.90% in FY2022 (-1.87 pp) and 60.77% in FY2021 (+20.78 pp).
- The Q1 2026 figure marks the lowest quarterly FCF Margin since Q2 2020.
- Compared with a year earlier, FCF Margin has declined for three straight quarters, with an average year-over-year change of -2.36 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was Q2 2021 (a gain of 75.64 percentage points); the worst was Q4 2021 (a drop of 12.77 percentage points).
- Per Business Quant data, SPG's FCF Margin in the three quarters before Q1 2026 was 52.96% (Q4 2025), 42.77% (Q3 2025) and 64.82% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 165.31 Bn | 146.80 Bn | 1.39 Bn | -118.68% |
| 2 | Prologis | 124.18 Bn | 119.22 Bn | - | 22.56% |
| 3 | Simon Property | 64.55 Bn | 60.40 Bn | - | 35.57% |
| 4 | Realty Income | 51.65 Bn | 49.88 Bn | - | -48.82% |
| 5 | Public Storage | 50.71 Bn | 49.70 Bn | - | 55.39% |
| 6 | Ventas | 41.48 Bn | 40.17 Bn | - | -53.23% |
| 7 | Extra Space Storage | 28.27 Bn | 28.27 Bn | 642.43 Mn | 48.91% |
| 8 | Vici Properties | 25.03 Bn | 23.14 Bn | 1.05 Bn | 55.46% |
| 9 | Vivmark Residential | 22.70 Bn | 22.48 Bn | - | - |
| 10 | Essex Property Trust | 17.31 Bn | 17.07 Bn | - | 45.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 35.57% |
| Dec 31, 2025 | 58.64% |
| Sep 30, 2025 | 54.00% |
| Jun 30, 2025 | 44.84% |
| Mar 31, 2025 | 29.52% |
| 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% |
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();