Simon Property (SPG) Operating Income (2009 - 2026)
Simon Property (SPG) recorded Operating Income of $804.45 million in Q3 2026, down 1.0% from $812.91 million a year earlier and down 2.4% from the prior quarter.
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Analysis
Simon Property (SPG) Operating Income (2009 - 2026) Analysis & Trends
On a TTM basis, Simon Property's Operating Income came in at $3.28 billion as of Sep 30, 2026, up 5.2% year-over-year; for FY2025, it was $3.18 billion, up 2.7% from FY2024.
- Annual Operating Income has increased for five straight years, with a five-year compound annual growth rate of 10.0% (FY2020 to FY2025).
- Across earlier years, Operating Income came in at $3.09 billion in FY2024 (+10.2%), $2.81 billion in FY2023 (+8.6%), $2.58 billion in FY2022 (+7.1%) and $2.41 billion in FY2021 (+22.4%).
- Quarterly Operating Income has ranged from $591.53 million in Q4 2021 to $890.67 million in Q4 2025 over the past five years.
- On a year-over-year basis, Operating Income rose in five of the last eight quarters, with growth averaging 3.8%.
- Peak year-over-year performance for Operating Income in the last five years was growth of 28.0% in Q4 2021, against a decline of 1.3% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $824.1 million (Q2 2026), $762.16 million (Q1 2026) and $890.67 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn | 530.61 Mn |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - | 1.04 Bn |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - | 804.45 Mn |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn | 316.96 Mn |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - | - |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn | 723.47 Mn |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn | 94.33 Mn |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - | - |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn | 391.87 Mn |
| 10 | Vici Properties | 27.54 Bn | 26.32 Bn | 1.06 Bn | 556.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 804.45 Mn |
| Jun 30, 2026 | 824.10 Mn |
| Mar 31, 2026 | 762.16 Mn |
| 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 |
API Access
Simon Property Operating Income 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=operating-income&ticker=SPG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=SPG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();