Simon Property (SPG) Operating Income (2009 - 2026)
Simon Property (SPG) recorded Operating Income of $824.1 million in Q2 2026, up 10.7% from $744.2 million a year earlier and up 8.1% from the prior quarter.
Powered by 
Analysis
Simon Property (SPG) Operating Income (2009 - 2026) Analysis & Trends
On a TTM basis, Simon Property's Operating Income came in at $3.29 billion as of Jun 30, 2026, up 7.0% 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 has increased for four consecutive quarters, with growth averaging 5.2% over the last eight quarters.
- Peak year-over-year performance for Operating Income in the last five years was growth of 51.6% in Q3 2021, against a decline of 1.3% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $762.16 million (Q1 2026), $890.67 million (Q4 2025) and $812.91 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn | 337.95 Mn |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - | 1.04 Bn |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - | 824.10 Mn |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - | 316.96 Mn |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - | - |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - | - |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn | 391.87 Mn |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn | 556.22 Mn |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - | - |
| 10 | Essex Property Trust | 17.52 Bn | 17.27 Bn | - | 156.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 612.32 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();