Simon Property (SPG) Operating Margin (2009 - 2026)
Simon Property (SPG) posted Operating Margin of 43.38% for Q1 2026, down 6.02 percentage points from 49.40% a year earlier and down 6.34 percentage points from the prior quarter.
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Analysis
Simon Property (SPG) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Mar 31, 2026, Operating Margin at Simon Property was 48.28%, down 3.19 percentage points year-over-year; for FY2025, it was 49.89%, down 1.97 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +7.10 percentage points (FY2020 to FY2025).
- In prior years, Simon Property's Operating Margin was 51.86% in FY2024 (+2.26 pp), 49.60% in FY2023 (+0.78 pp), 48.83% in FY2022 (+1.66 pp) and 47.16% in FY2021 (+4.37 pp).
- The Q1 2026 figure stands as the lowest quarterly Operating Margin since Q4 2020.
- On a year-over-year basis, Operating Margin has declined in each of the last five quarters, with an average year-over-year change of -0.82 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q3 2021, with a gain of 9.14 percentage points; the weakest was Q1 2026, with a drop of 6.02 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 49.72% (Q4 2025), 50.76% (Q3 2025) and 49.66% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 164.67 Bn | 146.16 Bn | 1.39 Bn | -51.62% |
| 2 | Prologis | 123.63 Bn | 118.68 Bn | - | 51.59% |
| 3 | Simon Property | 64.74 Bn | 60.59 Bn | - | 43.38% |
| 4 | Realty Income | 51.46 Bn | 49.68 Bn | - | - |
| 5 | Public Storage | 50.61 Bn | 49.60 Bn | - | 37.85% |
| 6 | Ventas | 41.19 Bn | 39.87 Bn | - | - |
| 7 | Extra Space Storage | 28.16 Bn | 28.16 Bn | 642.43 Mn | 44.86% |
| 8 | Vici Properties | 24.94 Bn | 23.05 Bn | 1.05 Bn | 69.48% |
| 9 | Vivmark Residential | 22.68 Bn | 22.46 Bn | - | - |
| 10 | Essex Property Trust | 17.33 Bn | 17.09 Bn | - | 22.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 43.38% |
| Dec 31, 2025 | 49.72% |
| Sep 30, 2025 | 50.76% |
| Jun 30, 2025 | 49.66% |
| Mar 31, 2025 | 49.40% |
| Dec 31, 2024 | 52.82% |
| Sep 30, 2024 | 51.85% |
| Jun 30, 2024 | 51.71% |
| Mar 31, 2024 | 50.96% |
| Dec 31, 2023 | 51.86% |
| Sep 30, 2023 | 49.20% |
| Jun 30, 2023 | 48.04% |
| Mar 31, 2023 | 49.06% |
| Dec 31, 2022 | 48.88% |
| Sep 30, 2022 | 49.57% |
| Jun 30, 2022 | 48.97% |
| Mar 31, 2022 | 47.87% |
| Dec 31, 2021 | 44.61% |
| Sep 30, 2021 | 47.23% |
| Jun 30, 2021 | 48.22% |
API Access
Simon Property Operating Margin 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-margin&ticker=SPG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=SPG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();