Simon Property (SPG) Operating Leases (2019 - 2025)
Simon Property (SPG) posted quarterly 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 reported Operating Leases for 7 consecutive years, with $756.5 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Leases rose 45.41% year-over-year to $756.5 million; the TTM figure through Dec 2025 stood at $756.5 million (up 45.41% YoY), while the FY2025 annual figure was $756.5 million, up 45.41% from the prior year.
- Operating Leases climbed to $756.5 million in Q4 2025 per SPG's latest filing, from $529.7 million in the prior quarter.
- Across five years, Operating Leases topped out at $756.5 million in Q4 2025 and bottomed at $484.9 million in Q4 2023.
- Historically, Operating Leases has averaged $521.1 million across 5 years, with a median of $510.1 million in 2021.
- Annual changes were most pronounced in 2023 — Operating Leases dropped 2.63% — and 2025, when it soared 45.41%.
- Simon Property's Operating Leases stood at $506.9 million in 2021, then dropped by 1.77% to $498.0 million in 2022, then decreased by 2.63% to $484.9 million in 2023, then rose by 7.31% to $520.3 million in 2024, then jumped 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Simon Property | 72.55 Bn | 72.55 Bn | 1.76 Bn |
| 2 | Realty Income | 57.92 Bn | 57.92 Bn | - |
| 3 | Kimco Realty | 16.13 Bn | 16.13 Bn | 455.67 Mn |
| 4 | Federal Realty Investment Trust | 10.07 Bn | 10.07 Bn | 271.22 Mn |
| 5 | Agree Realty | 8.87 Bn | 8.86 Bn | - |
| 6 | Nnn Reit | 8.69 Bn | 8.69 Bn | - |
| 7 | Macerich | 6.69 Bn | 6.69 Bn | 171.77 Mn |
| 8 | Essential Properties Realty Trust | 6.53 Bn | 6.53 Bn | - |
| 9 | Kite Realty Group Trust | 5.30 Bn | 5.30 Bn | - |
| 10 | Phillips Edison & Company | 5.02 Bn | 5.02 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 |