Simon Property (SPG) Operating Income (2009 - 2025)
Simon Property (SPG) posted quarterly Operating Income of $890.7 million for Q4 2025, up 6.57% year-over-year from $835.7 million in Q4 2024, and up 9.56% quarter-over-quarter from $812.9 million in Q3 2025.
Simon Property (SPG) Operating Income (2009 - 2025) Analysis & Trends
Simon Property (SPG) has reported Operating Income for 17 consecutive years, with $890.7 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Income rose 6.57% year-over-year to $890.7 million; the TTM figure through Dec 2025 stood at $3.2 billion (up 2.67% YoY), while the FY2025 annual figure was $3.2 billion, up 2.67% from the prior year.
- Operating Income advanced to $890.7 million in Q4 2025 per SPG's latest filing, from $812.9 million in the prior quarter.
- Across five years, Operating Income topped out at $890.7 million in Q4 2025 and bottomed at $591.5 million in Q4 2021.
- Historically, Operating Income has averaged $703.6 million across 5 years, with a median of $689.2 million in 2022.
- On a YoY basis, Operating Income climbed as much as 51.56% in 2021 and fell as far as 7.67% in 2021.
- Simon Property's Operating Income stood at $591.5 million in 2021, then climbed by 15.67% to $684.2 million in 2022, then gained by 15.78% to $792.1 million in 2023, then grew by 5.5% to $835.7 million in 2024, then increased by 6.57% to $890.7 million in 2025.
- Business Quant data shows SPG's Operating Income at $890.7 million in Q4 2025, $812.9 million in Q3 2025, and $744.2 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 72.64 Bn | 72.64 Bn | 1.76 Bn | 890.67 Mn |
| 2 | Realty Income | 57.82 Bn | 57.82 Bn | - | - |
| 3 | Kimco Realty | 16.11 Bn | 16.11 Bn | 455.67 Mn | 196.14 Mn |
| 4 | Federal Realty Investment Trust | 10.07 Bn | 10.07 Bn | 271.22 Mn | 138.66 Mn |
| 5 | Agree Realty | 8.86 Bn | 8.85 Bn | - | 95.31 Mn |
| 6 | Nnn Reit | 8.67 Bn | 8.67 Bn | - | 151.38 Mn |
| 7 | Macerich | 6.69 Bn | 6.69 Bn | 171.77 Mn | -105.66 Mn |
| 8 | Essential Properties Realty Trust | 6.53 Bn | 6.53 Bn | - | 104.42 Mn |
| 9 | Kite Realty Group Trust | 5.30 Bn | 5.30 Bn | - | - |
| 10 | Phillips Edison & Company | 5.01 Bn | 5.01 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 890.67 Mn |
| Sep 30, 2025 | 812.91 Mn |
| Jun 30, 2025 | 744.20 Mn |
| Mar 31, 2025 | 727.62 Mn |
| Dec 31, 2024 | 835.75 Mn |
| Sep 30, 2024 | 767.77 Mn |
| Jun 30, 2024 | 754.10 Mn |
| Mar 31, 2024 | 735.18 Mn |
| Dec 31, 2023 | 792.14 Mn |
| Sep 30, 2023 | 694.23 Mn |
| Jun 30, 2023 | 657.93 Mn |
| Mar 31, 2023 | 662.72 Mn |
| Dec 31, 2022 | 684.21 Mn |
| Sep 30, 2022 | 652.20 Mn |
| Jun 30, 2022 | 626.76 Mn |
| Mar 31, 2022 | 620.39 Mn |
| Dec 31, 2021 | 591.53 Mn |
| Sep 30, 2021 | 612.32 Mn |
| Jun 30, 2021 | 604.72 Mn |
| Mar 31, 2021 | 604.61 Mn |