Simon Property (SPG) Interest Expenses (2009 - 2025)
Simon Property (SPG) posted quarterly Interest Expenses of $272.3 million for Q4 2025, up 16.89% year-over-year from $233.0 million in Q4 2024, and up 12.17% quarter-over-quarter from $242.8 million in Q3 2025.
Simon Property (SPG) Interest Expenses (2009 - 2025) Analysis & Trends
Simon Property (SPG) has reported Interest Expenses for 17 consecutive years, with $272.3 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Interest Expenses rose 16.89% year-over-year to $272.3 million; the TTM figure through Dec 2025 stood at $975.1 million (up 6.99% YoY), while the FY2025 annual figure was $1.8 billion, up 96.98% from the prior year.
- Interest Expenses advanced to $272.3 million in Q4 2025 per SPG's latest filing, from $242.8 million in the prior quarter.
- Across five years, Interest Expenses topped out at $599.2 million in Q2 2025 and bottomed at $185.2 million in Q1 2022.
- Historically, Interest Expenses has averaged $233.2 million across 5 years, with a median of $215.1 million in 2023.
- Annual changes were most pronounced in 2022 — Interest Expenses slipped 8.34% — and 2025, when it soared 170.73%.
- Simon Property's Interest Expenses stood at $193.5 million in 2021, then rose by 3.82% to $200.9 million in 2022, then increased by 11.96% to $224.9 million in 2023, then increased by 3.58% to $233.0 million in 2024, then gained by 16.89% to $272.3 million in 2025.
- Business Quant data shows SPG's Interest Expenses at $272.3 million in Q4 2025, $242.8 million in Q3 2025, and $599.2 million in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 71.66 Bn | 71.66 Bn | 1.76 Bn | 272.33 Mn |
| 2 | Realty Income | 57.60 Bn | 57.60 Bn | - | 418.80 Mn |
| 3 | Kimco Realty | 16.10 Bn | 16.10 Bn | 455.67 Mn | 83.91 Mn |
| 4 | Federal Realty Investment Trust | 10.06 Bn | 10.06 Bn | 271.22 Mn | 50.01 Mn |
| 5 | Agree Realty | 8.80 Bn | 8.78 Bn | - | 85.40 Mn |
| 6 | Nnn Reit | 8.64 Bn | 8.64 Bn | - | 53.49 Mn |
| 7 | Macerich | 6.73 Bn | 6.73 Bn | 171.77 Mn | 110.50 Mn |
| 8 | Essential Properties Realty Trust | 6.51 Bn | 6.51 Bn | - | 30.27 Mn |
| 9 | Kite Realty Group Trust | 5.29 Bn | 5.29 Bn | - | 31.74 Mn |
| 10 | Phillips Edison & Company | 5.01 Bn | 5.01 Bn | - | 12.81 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 272.33 Mn |
| Dec 31, 2025 | 272.33 Mn |
| Sep 30, 2025 | 242.79 Mn |
| Sep 30, 2025 | 242.79 Mn |
| Jun 30, 2025 | 599.24 Mn |
| Jun 30, 2025 | 599.24 Mn |
| Mar 31, 2025 | 227.00 Mn |
| Mar 31, 2025 | 227.00 Mn |
| Dec 31, 2024 | 232.97 Mn |
| Dec 31, 2024 | 232.97 Mn |
| Sep 30, 2024 | 226.42 Mn |
| Sep 30, 2024 | 226.42 Mn |
| Jun 30, 2024 | 221.34 Mn |
| Jun 30, 2024 | 221.34 Mn |
| Mar 31, 2024 | 230.62 Mn |
| Mar 31, 2024 | 230.62 Mn |
| Dec 31, 2023 | 224.92 Mn |
| Dec 31, 2023 | 224.92 Mn |
| Sep 30, 2023 | 212.21 Mn |
| Sep 30, 2023 | 212.21 Mn |