Simon Property (SPG) Tax Rate (2009 - 2025)
Simon Property (SPG) posted quarterly Tax Rate of 1.1% for Q4 2025, up 419.0% year-over-year from 0.21% in Q4 2024, and down 141.46% quarter-over-quarter from 2.65% in Q3 2025.
Simon Property (SPG) Tax Rate (2009 - 2025) Analysis & Trends
Simon Property (SPG) has reported Tax Rate for 17 consecutive years, with 1.1% the latest figure, recorded in Q4 2025.
- In Q4 2025, Tax Rate rose 419.0% year-over-year to 1.1%; the TTM figure through Dec 2025 stood at 1.95% (up 89.0% YoY), while the FY2025 annual figure was 2.59%, up 153.0% from the prior year.
- Tax Rate slipped to 1.1% in Q4 2025 per SPG's latest filing, from 2.65% in the prior quarter.
- Across five years, Tax Rate topped out at 24.22% in Q2 2025 and bottomed at 5.29% in Q4 2024.
- Historically, Tax Rate has averaged 5.11% across 5 years, with a median of 2.52% in 2023.
- Annual changes were most pronounced in 2022 — Tax Rate slumped 1453 bps — and 2025, when it soared 2329 bps.
- Simon Property's Tax Rate stood at 12.27% in 2021, then declined by 12 bps to 10.83% in 2022, then slumped by 32 bps to 7.34% in 2023, then tumbled by 172 bps to 5.29% in 2024, then jumped by 79 bps to 1.1% in 2025.
- Business Quant data shows SPG's Tax Rate at 1.1% in Q4 2025, 2.65% in Q3 2025, and 24.22% in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 72.51 Bn | 72.51 Bn | 1.76 Bn | -1.10% |
| 2 | Realty Income | 57.85 Bn | 57.85 Bn | - | 6.51% |
| 3 | Kimco Realty | 16.15 Bn | 16.15 Bn | 455.67 Mn | 0.00% |
| 4 | Federal Realty Investment Trust | 10.06 Bn | 10.06 Bn | 271.22 Mn | - |
| 5 | Agree Realty | 8.87 Bn | 8.86 Bn | - | 3.78% |
| 6 | Nnn Reit | 8.70 Bn | 8.70 Bn | - | - |
| 7 | Macerich | 6.69 Bn | 6.69 Bn | 171.77 Mn | - |
| 8 | Essential Properties Realty Trust | 6.55 Bn | 6.55 Bn | - | 0.85% |
| 9 | Kite Realty Group Trust | 5.31 Bn | 5.31 Bn | - | - |
| 10 | Phillips Edison & Company | 5.02 Bn | 5.02 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -1.10% |
| Dec 31, 2025 | -1.10% |
| Dec 31, 2025 | -1.10% |
| Sep 30, 2025 | 2.65% |
| Sep 30, 2025 | 2.65% |
| Sep 30, 2025 | 2.65% |
| Jun 30, 2025 | 24.22% |
| Jun 30, 2025 | 24.22% |
| Jun 30, 2025 | 24.22% |
| Mar 31, 2025 | -1.53% |
| Mar 31, 2025 | -1.53% |
| Mar 31, 2025 | -1.53% |
| Dec 31, 2024 | -5.29% |
| Dec 31, 2024 | -5.29% |
| Dec 31, 2024 | -5.29% |
| Sep 30, 2024 | 0.48% |
| Sep 30, 2024 | 0.48% |
| Sep 30, 2024 | 0.48% |
| Jun 30, 2024 | 0.93% |
| Jun 30, 2024 | 0.93% |