Simon Property (SPG) Gross Margin (2009 - 2025)
Simon Property's (SPG) quarterly Gross Margin came in at 98.03% in Q4 2025, down 12.0% year-over-year from 111.39% in Q4 2024, and up 0.55% quarter-over-quarter from 97.49% in Q3 2025.
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Analysis
Simon Property (SPG) Gross Margin (2009 - 2025) Analysis & Trends
Simon Property (SPG) has reported Gross Margin for 17 consecutive years, with 98.03% the latest figure, recorded in Q4 2025.
- On a quarterly basis, Gross Margin fell 12.0% year-over-year to 98.03% in Q4 2025; TTM through Dec 2025 was 97.77%, a 28.0% increase from a year earlier, with the FY2025 full-year figure at 97.77%, up 28.0% from the prior year.
- Gross Margin was 98.03% for Q4 2025 at Simon Property, up from 97.49% in the prior quarter.
- Over five years, Gross Margin peaked at 98.15% in Q4 2024 and troughed at 95.75% in Q4 2021.
- A 5-year average of 97.26% and a median of 97.42% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 137 bps in 2022 and surged 178 bps in 2024, its largest moves.
- Over 5 years, Gross Margin stood at 95.75% in 2021, then grew by 1 bps to 96.75% in 2022, then decreased by 0 bps to 96.37% in 2023, then advanced by 2 bps to 98.15% in 2024, then slipped by 0 bps to 98.03% in 2025.
- The last three Gross Margin figures came in at 98.03% (Q4 2025), 97.49% (Q3 2025), and 97.62% (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 165.94 Bn | 165.00 Bn | 1.39 Bn | 39.34% |
| 2 | Prologis | 126.84 Bn | 131.24 Bn | 2.41 Bn | 99.17% |
| 3 | Simon Property | 67.22 Bn | 68.48 Bn | 1.76 Bn | 98.03% |
| 4 | Realty Income | 53.47 Bn | 55.85 Bn | - | - |
| 5 | Public Storage | 50.86 Bn | 50.70 Bn | 1.20 Bn | 97.06% |
| 6 | Ventas | 44.55 Bn | 44.86 Bn | 1.73 Bn | 99.74% |
| 7 | Extra Space Storage | 28.52 Bn | 29.39 Bn | 642.43 Mn | 73.49% |
| 8 | Vici Properties | 26.41 Bn | 25.98 Bn | 1.05 Bn | 99.30% |
| 9 | Vivmark Residential | 23.37 Bn | 23.56 Bn | - | - |
| 10 | Invitation Homes | 16.02 Bn | 16.06 Bn | 705.34 Mn | 94.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 98.03% |
| Sep 30, 2025 | 97.49% |
| Jun 30, 2025 | 97.62% |
| Mar 31, 2025 | 97.90% |
| Dec 31, 2024 | 98.15% |
| Sep 30, 2024 | 97.45% |
| Jun 30, 2024 | 97.15% |
| Mar 31, 2024 | 97.15% |
| Dec 31, 2023 | 96.37% |
| Sep 30, 2023 | 97.08% |
| Jun 30, 2023 | 96.70% |
| Mar 31, 2023 | 96.60% |
| Dec 31, 2022 | 96.75% |
| Sep 30, 2022 | 97.66% |
| Jun 30, 2022 | 97.39% |
| Mar 31, 2022 | 96.73% |
| Dec 31, 2021 | 95.75% |
| Sep 30, 2021 | 97.59% |
| Jun 30, 2021 | 97.66% |
| Mar 31, 2021 | 98.10% |
API Access
Simon Property Gross 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=gross-margin&ticker=SPG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=SPG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();