Simon Property (SPG) FCF Payout Ratio (2009 - 2025)
Simon Property (SPG) posted quarterly FCF Payout Ratio of 0.32 for Q4 2025, up 82.45% year-over-year from 0.17 in Q4 2024, and down 297.88% quarter-over-quarter from 0.16 in Q3 2025.
Analysis
Simon Property (SPG) FCF Payout Ratio (2009 - 2025) Analysis & Trends
Simon Property (SPG) has reported FCF Payout Ratio for 17 consecutive years, with 0.32 the latest figure, recorded in Q4 2025.
- In Q4 2025, FCF Payout Ratio rose 82.45% year-over-year to 0.32; the TTM figure through Dec 2025 stood at 0.01 (down 94.4% YoY), while the FY2025 annual figure was 0.01, down 94.4% from the prior year.
- FCF Payout Ratio slipped to 0.32 in Q4 2025 per SPG's latest filing, from 0.16 in the prior quarter.
- Across five years, FCF Payout Ratio topped out at 16.7 in Q4 2021 and bottomed at 11.17 in Q1 2024.
- Historically, FCF Payout Ratio has averaged 0.26 across 5 years, with a median of 0.02 in 2021.
- Annual changes were most pronounced in 2021 — FCF Payout Ratio plunged 1920.06% — and 2023, when it surged 47021.06%.
- Simon Property's FCF Payout Ratio stood at 16.7 in 2021, then sank by 100.18% to 0.03 in 2022, then sank by 1669.22% to 0.52 in 2023, then sank by 244.24% to 1.8 in 2024, then jumped by 82.45% to 0.32 in 2025.
- Business Quant data shows SPG's FCF Payout Ratio at 0.32 in Q4 2025, 0.16 in Q3 2025, and 0.49 in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 68.54 Bn | 68.54 Bn | 1.76 Bn | 0.76 |
| 2 | Realty Income | 57.28 Bn | 57.28 Bn | - | -1.00 |
| 3 | Kimco Realty | 16.14 Bn | 16.14 Bn | 455.67 Mn | - |
| 4 | Federal Realty Investment Trust | 10.18 Bn | 10.18 Bn | 271.22 Mn | - |
| 5 | Agree Realty | 8.71 Bn | 8.70 Bn | - | -0.30 |
| 6 | Nnn Reit | 8.55 Bn | 8.55 Bn | - | -0.78 |
| 7 | Essential Properties Realty Trust | 6.48 Bn | 6.48 Bn | - | -0.53 |
| 8 | Macerich | 6.41 Bn | 6.41 Bn | 171.77 Mn | -0.30 |
| 9 | Kite Realty Group Trust | 5.30 Bn | 5.30 Bn | - | - |
| 10 | Phillips Edison & Company | 4.94 Bn | 4.94 Bn | - | -0.63 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 0.76 |
| Sep 30, 2025 | 1.03 |
| Jun 30, 2025 | 0.71 |
| Mar 31, 2025 | 1.15 |
| Dec 31, 2024 | 0.79 |
| Sep 30, 2024 | 0.95 |
| Jun 30, 2024 | 0.75 |
| Mar 31, 2024 | 1.04 |
| Dec 31, 2023 | 0.72 |
| Sep 30, 2023 | 0.88 |
| Jun 30, 2023 | 0.67 |
| Mar 31, 2023 | 0.89 |
| Dec 31, 2022 | 0.79 |
| Sep 30, 2022 | 0.73 |
| Jun 30, 2022 | 0.59 |
| Mar 31, 2022 | 0.85 |
| Dec 31, 2021 | 0.70 |
| Sep 30, 2021 | 1.40 |
| Jun 30, 2021 | 0.48 |
| Mar 31, 2021 | 0.56 |