Simon Property (SPG) Operating Expenses (2009 - 2025)

Simon Property (SPG) has reported Operating Expenses for 17 consecutive years, with $900.8 million the latest figure, recorded in Q4 2025.

• On a quarterly basis, Operating Expenses rose 20.67% year-over-year to $900.8 million in Q4 2025; TTM through Dec 2025 was $3.2 billion, a 11.08% increase from a year earlier, with the FY2025 full-year figure at $3.2 billion, up 11.08% from the prior year.
• Operating Expenses was $900.8 million for Q4 2025 at Simon Property, up from $788.7 million in the prior quarter.
• Over five years, Operating Expenses peaked at $900.8 million in Q4 2025 and troughed at $635.3 million in Q1 2021.
• A 5-year average of $716.2 million and a median of $712.3 million in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses decreased 9.04% in 2021 and climbed 20.67% in 2025, its largest moves.
• Over 5 years, Operating Expenses stood at $734.6 million in 2021, then slipped by 2.57% to $715.7 million in 2022, then climbed by 2.74% to $735.3 million in 2023, then increased by 1.52% to $746.5 million in 2024, then advanced by 20.67% to $900.8 million in 2025.
• The last three Operating Expenses figures came in at $900.8 million (Q4 2025), $788.7 million (Q3 2025), and $754.3 million (Q2 2025), per Business Quant data.