Simon Property (SPG) Net Margin (2009 - 2026)
Simon Property (SPG) recorded Net Margin of 27.29% in Q1 2026, down 0.79 percentage points from 28.09% a year earlier and down 142.86 percentage points from the prior quarter.
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Analysis
Simon Property (SPG) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Simon Property's Net Margin came in at 70.54% as of Mar 31, 2026, up 36.35 percentage points year-over-year; for FY2025, it was 72.66%, up 32.96 percentage points from FY2024.
- Annual Net Margin has a five-year change of +48.58 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 39.70% in FY2024 (-0.59 pp), 40.29% in FY2023 (-0.08 pp), 40.37% in FY2022 (-3.53 pp) and 43.90% in FY2021 (+19.83 pp).
- The Q1 2026 figure is the lowest quarterly Net Margin since Q4 2020.
- On a year-over-year basis, Net Margin rose in three of the last eight quarters, with an average year-over-year change of +11.89 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 127.99 percentage points in Q4 2025, against a drop of 22.64 percentage points in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 170.16% (Q4 2025), 37.85% (Q3 2025) and 37.11% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 163.39 Bn | 144.88 Bn | 1.39 Bn | 12.55% |
| 2 | Prologis | 123.77 Bn | 118.81 Bn | - | 43.74% |
| 3 | Simon Property | 64.92 Bn | 60.77 Bn | - | 27.29% |
| 4 | Realty Income | 51.00 Bn | 49.23 Bn | - | 22.22% |
| 5 | Public Storage | 50.32 Bn | 49.31 Bn | - | 36.52% |
| 6 | Ventas | 40.87 Bn | 39.55 Bn | - | 4.08% |
| 7 | Extra Space Storage | 28.04 Bn | 28.04 Bn | 642.43 Mn | 30.14% |
| 8 | Vici Properties | 24.82 Bn | 22.94 Bn | 1.05 Bn | 49.74% |
| 9 | Vivmark Residential | 22.78 Bn | 22.56 Bn | - | - |
| 10 | Essex Property Trust | 17.40 Bn | 17.16 Bn | - | 12.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 27.29% |
| Dec 31, 2025 | 170.16% |
| Sep 30, 2025 | 37.85% |
| Jun 30, 2025 | 37.11% |
| Mar 31, 2025 | 28.09% |
| Dec 31, 2024 | 42.17% |
| Sep 30, 2024 | 32.09% |
| Jun 30, 2024 | 33.84% |
| Mar 31, 2024 | 50.72% |
| Dec 31, 2023 | 48.94% |
| Sep 30, 2023 | 42.11% |
| Jun 30, 2023 | 35.51% |
| Mar 31, 2023 | 33.45% |
| Dec 31, 2022 | 48.13% |
| Sep 30, 2022 | 40.97% |
| Jun 30, 2022 | 38.81% |
| Mar 31, 2022 | 32.92% |
| Dec 31, 2021 | 37.95% |
| Sep 30, 2021 | 52.44% |
| Jun 30, 2021 | 49.22% |
API Access
Simon Property Net 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=net-margin&ticker=SPG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=SPG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();