Simon Property (SPG) Operating Leases (2019 - 2025)
Simon Property (SPG) reported Operating Leases of $756.5 million for Q4 2025, up 45.41% year-over-year from $520.3 million in Q4 2024, and up 42.82% quarter-over-quarter from $529.7 million in Q3 2025.
Simon Property (SPG) Operating Leases (2019 - 2025) Analysis & Trends
Simon Property (SPG) has 7 years of Operating Leases data on file, last reported at $756.5 million in Q4 2025.
- Operating Leases for Q4 2025 came in at $756.5 million, up 45.41% year-over-year; the trailing twelve-month figure through Dec 2025 was $756.5 million (up 45.41% YoY), and the FY2025 annual result was $756.5 million, up 45.41% from the prior year.
- Operating Leases rose to $756.5 million in Q4 2025 per SPG's latest filing, from $529.7 million in the prior quarter.
- Over five years, Operating Leases peaked at $756.5 million in Q4 2025 and troughed at $484.9 million in Q4 2023.
- A 5-year average of $521.1 million and a median of $510.1 million in 2021 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2023 and 2025: Operating Leases dropped 2.63% in 2023, then soared 45.41% in 2025.
- A 5-year view of Operating Leases shows it stood at $506.9 million in 2021, then slipped by 1.77% to $498.0 million in 2022, then retreated by 2.63% to $484.9 million in 2023, then increased by 7.31% to $520.3 million in 2024, then soared by 45.41% to $756.5 million in 2025.
- Business Quant data shows SPG's Operating Leases at $756.5 million in Q4 2025, $529.7 million in Q3 2025, and $516.1 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Simon Property | 69.18 Bn | 69.56 Bn | 1.76 Bn |
| 2 | Realty Income | 55.47 Bn | 56.16 Bn | - |
| 3 | Kimco Realty | 17.00 Bn | 17.03 Bn | 447.43 Mn |
| 4 | Regency Centers | 14.85 Bn | 14.97 Bn | - |
| 5 | Federal Realty Investment Trust | 10.68 Bn | 10.75 Bn | 265.49 Mn |
| 6 | Agree Realty | 8.92 Bn | 8.90 Bn | - |
| 7 | Nnn Reit | 8.68 Bn | 8.68 Bn | - |
| 8 | Essential Properties Realty Trust | 6.37 Bn | 6.38 Bn | - |
| 9 | Macerich | 6.30 Bn | 6.10 Bn | 158.29 Mn |
| 10 | Kite Realty Group Trust | 6.26 Bn | 6.38 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 756.54 Mn |
| Sep 30, 2025 | 529.71 Mn |
| Jun 30, 2025 | 516.07 Mn |
| Mar 31, 2025 | 518.17 Mn |
| Dec 31, 2024 | 520.28 Mn |
| Sep 30, 2024 | 522.09 Mn |
| Jun 30, 2024 | 523.97 Mn |
| Mar 31, 2024 | 525.68 Mn |
| Dec 31, 2023 | 484.86 Mn |
| Sep 30, 2023 | 490.83 Mn |
| Jun 30, 2023 | 493.19 Mn |
| Mar 31, 2023 | 495.57 Mn |
| Dec 31, 2022 | 497.95 Mn |
| Sep 30, 2022 | 500.20 Mn |
| Jun 30, 2022 | 502.44 Mn |
| Mar 31, 2022 | 504.68 Mn |
| Dec 31, 2021 | 506.93 Mn |
| Sep 30, 2021 | 509.07 Mn |
| Jun 30, 2021 | 511.21 Mn |
| Mar 31, 2021 | 513.35 Mn |