Simon Property (SPG) Interest Expense (2009 - 2026)
Simon Property's Interest Expense was $287.59 million in Q3 2026, up 18.5% from $242.79 million a year earlier and up 2.3% from the prior quarter.
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Analysis
Simon Property (SPG) Interest Expense (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Simon Property's Interest Expense was $1.12 billion through Sep 30, 2026, up 20.1% year-over-year; for FY2025, it was $974.84 million, up 7.6% from FY2024.
- Interest Expense has now increased for three consecutive years, with a five-year compound annual growth rate of 4.4% (FY2020 to FY2025).
- In earlier years, Interest Expense was $905.8 million in FY2024 (+6.0%), $854.65 million in FY2023 (+12.3%), $761.25 million in FY2022 (-4.3%) and $795.71 million in FY2021 (+1.4%).
- The Q3 2026 figure marks the highest quarterly Interest Expense since Q3 2012.
- Compared with a year earlier, Interest Expense has increased for six straight quarters, with growth averaging 11.5% over the last eight quarters.
- The best year-over-year quarter for Interest Expense over five years was Q1 2026 (growth of 21.4%); the worst was Q1 2022 (a decline of 8.3%).
- Per Business Quant data, SPG's Interest Expense in the three quarters before Q3 2026 was $281.16 million (Q2 2026), $275.66 million (Q1 2026) and $272.33 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn | - |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - | 286.96 Mn |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - | 287.59 Mn |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn | - |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - | - |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn | - |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn | 68.28 Mn |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - | - |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn | - |
| 10 | Vici Properties | 27.54 Bn | 26.32 Bn | 1.06 Bn | 214.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 287.59 Mn |
| Jun 30, 2026 | 281.16 Mn |
| Mar 31, 2026 | 275.66 Mn |
| Dec 31, 2025 | 272.33 Mn |
| Sep 30, 2025 | 242.79 Mn |
| Jun 30, 2025 | 232.72 Mn |
| Mar 31, 2025 | 227.00 Mn |
| Dec 31, 2024 | 227.42 Mn |
| Sep 30, 2024 | 226.42 Mn |
| Jun 30, 2024 | 221.34 Mn |
| Mar 31, 2024 | 230.62 Mn |
| Dec 31, 2023 | 224.92 Mn |
| Sep 30, 2023 | 212.21 Mn |
| Jun 30, 2023 | 218.09 Mn |
| Mar 31, 2023 | 199.43 Mn |
| Dec 31, 2022 | 200.90 Mn |
| Sep 30, 2022 | 187.88 Mn |
| Jun 30, 2022 | 187.32 Mn |
| Mar 31, 2022 | 185.16 Mn |
| Dec 31, 2021 | 193.51 Mn |
API Access
Simon Property Interest Expense 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=interest-expense&ticker=SPG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense", "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=interest-expense&ticker=SPG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();