Simon Property (SPG) Free Cash Flow (2009 - 2025)
Simon Property (SPG) reported 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 17 years of Free Cash Flow data on file, last reported at $948.8 million in Q4 2025.
- Free Cash Flow for Q4 2025 came in at $948.8 million, up 9.35% year-over-year; the trailing twelve-month figure through Dec 2025 was $3.2 billion (up 4.68% YoY), and the FY2025 annual result was $3.2 billion, up 4.68% from the prior year.
- Free Cash Flow rose to $948.8 million in Q4 2025 per SPG's latest filing, from $685.0 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $971.3 million in Q2 2025 and troughed at $597.0 million in Q1 2025.
- A 5-year average of $781.2 million and a median of $768.7 million in 2021 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2021 and 2022: Free Cash Flow soared 1833.0% in 2021, then decreased 16.26% in 2022.
- A 5-year view of Free Cash Flow shows it stood at $776.5 million in 2021, then slipped by 3.73% to $747.5 million in 2022, then climbed by 14.84% to $858.5 million in 2023, then advanced by 1.07% to $867.7 million in 2024, then climbed 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 69.18 Bn | 69.56 Bn | 1.76 Bn | 948.84 Mn |
| 2 | Realty Income | 55.47 Bn | 56.16 Bn | - | 848.19 Mn |
| 3 | Kimco Realty | 17.00 Bn | 17.03 Bn | 447.43 Mn | 258.37 Mn |
| 4 | Regency Centers | 14.85 Bn | 14.97 Bn | - | 129.89 Mn |
| 5 | Federal Realty Investment Trust | 10.68 Bn | 10.75 Bn | 265.49 Mn | -190.05 Mn |
| 6 | Agree Realty | 8.92 Bn | 8.90 Bn | - | -267.18 Mn |
| 7 | Nnn Reit | 8.68 Bn | 8.68 Bn | - | 44.76 Mn |
| 8 | Essential Properties Realty Trust | 6.37 Bn | 6.38 Bn | - | -211.20 Mn |
| 9 | Macerich | 6.30 Bn | 6.10 Bn | 158.29 Mn | 48.71 Mn |
| 10 | Kite Realty Group Trust | 6.26 Bn | 6.38 Bn | - | 45.48 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 | 874.78 Mn |
| Jun 30, 2024 | 874.78 Mn |
| Mar 31, 2024 | 610.13 Mn |
| Mar 31, 2024 | 610.13 Mn |
| Dec 31, 2023 | 858.47 Mn |
| Dec 31, 2023 | 858.47 Mn |
| Sep 30, 2023 | 708.17 Mn |
| Sep 30, 2023 | 708.17 Mn |