Simon Property (SPG) Non-Current Debt (2010 - 2025)
Simon Property's (SPG) quarterly Non-Current Debt came in at $28.4 billion in Q4 2025, up 17.17% year-over-year from $24.3 billion in Q4 2024, and up 10.24% quarter-over-quarter from $25.8 billion in Q3 2025.
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Analysis
Simon Property (SPG) Non-Current Debt (2010 - 2025) Analysis & Trends
Simon Property (SPG) has reported Non-Current Debt for 16 consecutive years, with $28.4 billion the latest figure, recorded in Q4 2025.
- On a quarterly basis, Non-Current Debt rose 17.17% year-over-year to $28.4 billion in Q4 2025; TTM through Dec 2025 was $28.4 billion, a 17.17% increase from a year earlier, with the FY2025 full-year figure at $28.4 billion, up 17.17% from the prior year.
- Non-Current Debt was $28.4 billion for Q4 2025 at Simon Property, up from $25.8 billion in the prior quarter.
- Over five years, Non-Current Debt peaked at $28.4 billion in Q4 2025 and troughed at $24.3 billion in Q4 2024.
- A 5-year average of $25.5 billion and a median of $25.4 billion in 2021 frame the typical range for Non-Current Debt.
- Across the five-year window, Non-Current Debt declined 6.79% in 2024 and grew 17.17% in 2025, its largest moves.
- Over 5 years, Non-Current Debt stood at $25.3 billion in 2021, then declined by 1.42% to $25.0 billion in 2022, then increased by 4.3% to $26.0 billion in 2023, then decreased by 6.79% to $24.3 billion in 2024, then grew by 17.17% to $28.4 billion in 2025.
- The last three Non-Current Debt figures came in at $28.4 billion (Q4 2025), $25.8 billion (Q3 2025), and $25.4 billion (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 165.94 Bn | 165.00 Bn | 1.39 Bn | 14.30 Bn |
| 2 | Prologis | 126.84 Bn | 131.24 Bn | 2.41 Bn | 36.44 Bn |
| 3 | Simon Property | 67.22 Bn | 68.48 Bn | 1.76 Bn | 28.43 Bn |
| 4 | Realty Income | 53.47 Bn | 55.85 Bn | - | 25.09 Bn |
| 5 | Public Storage | 50.86 Bn | 50.70 Bn | 1.20 Bn | - |
| 6 | Ventas | 44.55 Bn | 44.86 Bn | 1.73 Bn | - |
| 7 | Extra Space Storage | 28.52 Bn | 29.39 Bn | 642.43 Mn | 9.46 Bn |
| 8 | Vici Properties | 26.41 Bn | 25.98 Bn | 1.05 Bn | 16.93 Bn |
| 9 | Vivmark Residential | 23.37 Bn | 23.56 Bn | - | 6.00 Bn |
| 10 | Invitation Homes | 16.02 Bn | 16.06 Bn | 705.34 Mn | 4.40 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 28.43 Bn |
| Sep 30, 2025 | 25.79 Bn |
| Jun 30, 2025 | 25.40 Bn |
| Mar 31, 2025 | 24.75 Bn |
| Dec 31, 2024 | 24.26 Bn |
| Sep 30, 2024 | 25.42 Bn |
| Jun 30, 2024 | 25.29 Bn |
| Mar 31, 2024 | 25.52 Bn |
| Dec 31, 2023 | 26.03 Bn |
| Sep 30, 2023 | 24.92 Bn |
| Jun 30, 2023 | 24.99 Bn |
| Mar 31, 2023 | 25.57 Bn |
| Dec 31, 2022 | 24.96 Bn |
| Sep 30, 2022 | 24.64 Bn |
| Jun 30, 2022 | 24.89 Bn |
| Mar 31, 2022 | 25.17 Bn |
| Dec 31, 2021 | 25.32 Bn |
| Sep 30, 2021 | 25.58 Bn |
| Jun 30, 2021 | 26.23 Bn |
| Mar 31, 2021 | 26.16 Bn |
API Access
Simon Property Non-Current Debt 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=non-current-debt&ticker=SPG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=SPG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();