Simon Property (SPG) Operating Leases (2019 - 2025)

Simon Property (SPG) has reported Operating Leases for 7 consecutive years, with $756.5 million the latest figure, recorded in Q4 2025.

• On a quarterly basis, Operating Leases rose 45.41% year-over-year to $756.5 million in Q4 2025; TTM through Dec 2025 was $756.5 million, a 45.41% increase from a year earlier, with the FY2025 full-year figure at $756.5 million, up 45.41% from the prior year.
• Operating Leases was $756.5 million for Q4 2025 at Simon Property, up 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.
• Across the five-year window, Operating Leases slipped 2.63% in 2023 and surged 45.41% in 2025, its largest moves.
• Over 5 years, Operating Leases stood at $506.9 million in 2021, then decreased by 1.77% to $498.0 million in 2022, then fell by 2.63% to $484.9 million in 2023, then grew by 7.31% to $520.3 million in 2024, then surged by 45.41% to $756.5 million in 2025.
• The last three Operating Leases figures came in at $756.5 million (Q4 2025), $529.7 million (Q3 2025), and $516.1 million (Q2 2025), per Business Quant data.