simplyStocks
Explore all companies →
Simon Property Group
SPG · NYSEReal Estate (Retail REIT)
The economic chain
Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Capitalwho funds itREITs & ownerswho owns the propertyPropertyportfoliosthe buildings & sitesBrokerage &managementwho leases & runs itTenantswho rents the spaceEnd demandwhat drives itCAPInvestors & lendersDBTMortgages & bondsSPGSimon Property GroupLIKlépierreTRGTaubman Realty GroupMALPremium mallsOUTPremium Outlets & MillsINTInternational outletsCATCatalyst BrandsLSELeasing & property managementITXInditex (Zara)AAPLAppleFLFoot LockerANCDepartment-store anchors···Retailers & restaurantsYOUShoppers & householdsTURTourists & experience-seekersGOVGovernments & rates
Company details
Market cap
~$73B
P/E ratio
~14.5×
Div yield
~4.4%
Real estate FFO/sh
$12.73
Revenue (FY25)
~$6.4B
NOI growth
+4.7%
US occupancy
96.4%
Total debt
~$26B
In plain English
Simon Property Group is the largest mall landlord in America — it owns the premium malls, Premium Outlets and Mills centres where hundreds of millions of shopping trips happen each year. Retailers from Zara to Apple to Foot Locker pay it rent; that rent, by law, flows back out to shareholders as one of the market's biggest dividends. Simon also owns a 22% slice of European mall giant Klépierre and, unusually for a landlord, has bought stakes in the very retailers that fill its stores (JCPenney, Aéropostale, Brooks Brothers) through the Catalyst Brands venture.
In simple terms
What Simon Property Group really sells
Simon Property Group is the largest mall landlord in America — it owns the premium malls, Premium Outlets and Mills centres where hundreds of millions of shopping trips happen each year. Retailers from Zara to Apple to Foot Locker pay it rent; that rent, by law, flows back out to shareholders as one of the market's biggest dividends. Simon also owns a 22% slice of European mall giant Klépierre and, unusually for a landlord, has bought stakes in the very retailers that fill its stores (JCPenney, Aéropostale, Brooks Brothers) through the Catalyst Brands venture.
Tip · Click any company in the map to learn — in one sentence — what it actually does and why it matters.
Risk read
Moderate
SteadierMore speculative
Why this rating?