Simon Property (SPG) Free Cash Flow (2009 - 2025)
Simon Property (SPG) posted quarterly Free Cash Flow of $948.8 million for Q4 2025, up 9.35% year-over-year from $867.7 million in Q4 2024, and up 38.51% quarter-over-quarter from $685.0 million in Q3 2025.
Simon Property (SPG) Free Cash Flow (2009 - 2025) Analysis & Trends
Simon Property (SPG) has reported Free Cash Flow for 17 consecutive years, with $948.8 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Free Cash Flow rose 9.35% year-over-year to $948.8 million; the TTM figure through Dec 2025 stood at $3.2 billion (up 4.68% YoY), while the FY2025 annual figure was $3.2 billion, up 4.68% from the prior year.
- Free Cash Flow climbed to $948.8 million in Q4 2025 per SPG's latest filing, from $685.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $2.5 billion in Q3 2022 and bottomed at -$2.9 billion in Q4 2022.
- Historically, Free Cash Flow has averaged $222.7 million across 5 years, with a median of $617.1 million in 2022.
- On a YoY basis, Free Cash Flow climbed as much as 1543.28% in 2022 and fell as far as 2571.73% in 2022.
- Simon Property's Free Cash Flow stood at -$108.0 million in 2021, then plunged by 2571.73% to -$2.9 billion in 2022, then surged by 93.82% to -$178.3 million in 2023, then jumped by 586.67% to $867.7 million in 2024, then grew by 9.35% to $948.8 million in 2025.
- Business Quant data shows SPG's Free Cash Flow at $948.8 million in Q4 2025, $685.0 million in Q3 2025, and $971.3 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 72.51 Bn | 72.51 Bn | 1.76 Bn | 948.84 Mn |
| 2 | Realty Income | 57.89 Bn | 57.89 Bn | - | -755.59 Mn |
| 3 | Kimco Realty | 16.17 Bn | 16.17 Bn | 455.67 Mn | - |
| 4 | Federal Realty Investment Trust | 10.07 Bn | 10.07 Bn | 271.22 Mn | - |
| 5 | Agree Realty | 8.88 Bn | 8.87 Bn | - | -326.70 Mn |
| 6 | Nnn Reit | 8.70 Bn | 8.70 Bn | - | -145.51 Mn |
| 7 | Macerich | 6.70 Bn | 6.70 Bn | 171.77 Mn | -174.57 Mn |
| 8 | Essential Properties Realty Trust | 6.55 Bn | 6.55 Bn | - | -126.60 Mn |
| 9 | Kite Realty Group Trust | 5.31 Bn | 5.31 Bn | - | - |
| 10 | Phillips Edison & Company | 5.03 Bn | 5.03 Bn | - | -23.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 948.84 Mn |
| Dec 31, 2025 | 948.84 Mn |
| Sep 30, 2025 | 685.04 Mn |
| Sep 30, 2025 | 685.04 Mn |
| Jun 30, 2025 | 971.31 Mn |
| Jun 30, 2025 | 971.31 Mn |
| Mar 31, 2025 | 597.02 Mn |
| Mar 31, 2025 | 597.02 Mn |
| Dec 31, 2024 | 867.68 Mn |
| Dec 31, 2024 | 867.68 Mn |
| Sep 30, 2024 | 706.48 Mn |
| Sep 30, 2024 | 706.48 Mn |
| Jun 30, 2024 | 1.54 Bn |
| Jun 30, 2024 | 1.54 Bn |
| Mar 31, 2024 | -56.97 Mn |
| Mar 31, 2024 | -56.97 Mn |
| Dec 31, 2023 | -178.29 Mn |
| Dec 31, 2023 | -178.29 Mn |
| Sep 30, 2023 | -2.17 Bn |
| Sep 30, 2023 | -2.17 Bn |