Simon Property (SPG) Non Operating Interest Expenses (2009 - 2026)
Simon Property (SPG) recorded Non Operating Interest Expenses of $275.66 million in Q1 2026, up 21.4% from $227 million a year earlier and up 1.2% from the prior quarter.
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Analysis
Simon Property (SPG) Non Operating Interest Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, Simon Property's Non Operating Interest Expenses came in at $1.02 billion as of Mar 31, 2026, up 13.4% year-over-year; for FY2025, it was $974.84 million, up 7.6% from FY2024.
- Annual Non Operating Interest Expenses has increased for three straight years, with a five-year compound annual growth rate of 4.4% (FY2020 to FY2025).
- Across earlier years, Non Operating Interest Expenses came in at $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 Q1 2026 figure is the highest quarterly Non Operating Interest Expenses since Q1 2013.
- On a year-over-year basis, Non Operating Interest Expenses has increased for four consecutive quarters, with growth averaging 7.7% over the last eight quarters.
- Peak year-over-year performance for Non Operating Interest Expenses in the last five years was growth of 21.4% in Q1 2026, against a decline of 8.3% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $272.33 million (Q4 2025), $242.79 million (Q3 2025) and $232.72 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 163.22 Bn | 144.72 Bn | 1.39 Bn | - |
| 2 | Prologis | 123.33 Bn | 118.37 Bn | - | 276.31 Mn |
| 3 | Simon Property | 64.64 Bn | 60.49 Bn | - | 275.66 Mn |
| 4 | Realty Income | 51.06 Bn | 49.28 Bn | - | - |
| 5 | Public Storage | 50.23 Bn | 49.22 Bn | - | 84.78 Mn |
| 6 | Ventas | 40.92 Bn | 39.61 Bn | - | 160.03 Mn |
| 7 | Extra Space Storage | 27.97 Bn | 27.97 Bn | 642.43 Mn | - |
| 8 | Vici Properties | 24.77 Bn | 22.89 Bn | 1.05 Bn | 209.93 Mn |
| 9 | Vivmark Residential | 22.67 Bn | 22.45 Bn | - | 82.46 Mn |
| 10 | Essex Property Trust | 17.33 Bn | 17.10 Bn | - | 66.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 199.77 Mn |
| Jun 30, 2021 | 200.42 Mn |
API Access
Simon Property Non Operating Interest Expenses 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-operating-interest-expenses&ticker=SPG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-operating-interest-expenses", "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-operating-interest-expenses&ticker=SPG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();