Simon Property (SPG) Net Cash Flow (2009 - 2025)
Simon Property's (SPG) quarterly Net Cash Flow came in at -$729.4 million in Q4 2025, up 5.24% year-over-year from -$693.1 million in Q4 2024, and down 327.14% quarter-over-quarter from $321.1 million in Q3 2025.
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Analysis
Simon Property (SPG) Net Cash Flow (2009 - 2025) Analysis & Trends
Simon Property (SPG) has reported Net Cash Flow for 17 consecutive years, with -$729.4 million the latest figure, recorded in Q4 2025.
- On a quarterly basis, Net Cash Flow rose 5.24% year-over-year to -$729.4 million in Q4 2025; TTM through Dec 2025 was -$577.2 million, a 349.49% decrease from a year earlier, with the FY2025 full-year figure at -$577.2 million, down 349.49% from the prior year.
- Net Cash Flow was -$729.4 million for Q4 2025 at Simon Property, down from $321.1 million in the prior quarter.
- Over five years, Net Cash Flow peaked at $935.7 million in Q3 2024 and troughed at -$852.4 million in Q3 2021.
- A 5-year average of -$9.4 million and a median of $1.7 million in 2022 frame the typical range for Net Cash Flow.
- The widest YoY moves for Net Cash Flow: up 2908.41% in 2023, down 1308.46% in 2023.
- Over 5 years, Net Cash Flow stood at $95.5 million in 2021, then slumped by 78.95% to $20.1 million in 2022, then jumped by 1889.06% to $400.0 million in 2023, then sank by 292.46% to -$769.8 million in 2024, then gained by 5.24% to -$729.4 million in 2025.
- The last three Net Cash Flow figures came in at -$729.4 million (Q4 2025), $321.1 million (Q3 2025), and -$148.6 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 165.94 Bn | 165.00 Bn | 1.39 Bn | -2.73 Bn |
| 2 | Prologis | 126.84 Bn | 131.24 Bn | 2.41 Bn | - |
| 3 | Simon Property | 67.22 Bn | 68.48 Bn | 1.76 Bn | -729.43 Mn |
| 4 | Realty Income | 53.47 Bn | 55.85 Bn | - | 92.95 Mn |
| 5 | Public Storage | 50.86 Bn | 50.70 Bn | 1.20 Bn | 125.33 Mn |
| 6 | Ventas | 44.55 Bn | 44.86 Bn | 1.73 Bn | 23.37 Mn |
| 7 | Extra Space Storage | 28.52 Bn | 29.39 Bn | 642.43 Mn | 556.51 Mn |
| 8 | Vici Properties | 26.41 Bn | 25.98 Bn | 1.05 Bn | -191.93 Mn |
| 9 | Vivmark Residential | 23.37 Bn | 23.56 Bn | - | - |
| 10 | Invitation Homes | 16.02 Bn | 16.06 Bn | 705.34 Mn | -45.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -729.43 Mn |
| Sep 30, 2025 | 321.14 Mn |
| Jun 30, 2025 | -148.57 Mn |
| Mar 31, 2025 | -20.34 Mn |
| Dec 31, 2024 | -769.76 Mn |
| Sep 30, 2024 | 935.67 Mn |
| Jun 30, 2024 | -16.67 Mn |
| Mar 31, 2024 | 82.11 Mn |
| Dec 31, 2023 | 399.96 Mn |
| Sep 30, 2023 | -68.43 Mn |
| Jun 30, 2023 | -317.96 Mn |
| Mar 31, 2023 | 533.80 Mn |
| Dec 31, 2022 | 20.11 Mn |
| Sep 30, 2022 | 60.28 Mn |
| Jun 30, 2022 | 26.31 Mn |
| Mar 31, 2022 | -19.01 Mn |
| Dec 31, 2021 | 95.51 Mn |
| Sep 30, 2021 | -852.38 Mn |
| Jun 30, 2021 | 354.96 Mn |
| Mar 31, 2021 | -75.78 Mn |
API Access
Simon Property Net Cash Flow 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=net-cash-flow&ticker=SPG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-cash-flow", "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=net-cash-flow&ticker=SPG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();