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Simon Property Group (SPG) Fair Value & Analysis

Real Estate · US · Market cap $81.5B

SP Simon Property Group logo Simon Property Group SPG · US
Price$225.49
Fair Value$86.11
Upside-61.8%
Quality90/100
Evidence: Medium Range $63.23 – $159.46

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 4 days ago

Share price +10.3% over the past month.

Price vs Fair Value (12 months)

$229.43 $153.93 Fair Value $86.11 Jun 2025 Jun 2026

12‑month range $153.93 – $229.43 · fair‑value band $63.23 – $159.46 · the $225.49 price screens above the $86.11 fair value. As of Jun 26, 2026.

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Analysis

Simon Property Group (SPG) currently trades at $225.49, while our model-based Fair Value estimate is $86.11 — implying the stock looks roughly 61.8% overvalued today. We read business quality at 90/100 (high quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Simon Property Group generated revenue of $6.6B at a net margin of 70.6%. Revenue grew 19.3% year over year. It earns a return on equity of 113.6%. Net debt stands at $28.4B. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) $6.6B
Revenue growth (YoY) +19.3%
Net margin 70.6%
Return on equity 114%
Free cash flow $3.6B FY2025
P/E ratio 14.9
More key figures
Operating margin 43.4%
EPS (TTM) $14.38
Dividend yield 4.1%
EPS growth (YoY) +16.4%
Net debt $28.4B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries. We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. At December 31, 2024, we owned or had an interest in 229 properties comprising 183 million square feet in North America, Asia and Europe. We also owned an 88% interest in The Taubman Realty Group, or TRG, which owns 22 regional, super-regional, and outlet malls in the U.S. and Asia. Additionally, at December 31, 2024, we had a 22.4% ownership interest in Klepierre, a publicly traded, Paris-base…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Simon Property Group reported revenue of $6.4B in FY2025 versus $5.1B in FY2021, a compound +5.6%/yr. Reported net income was $4.6B in FY2025, compounding +19.7%/yr from FY2021.

Revenue +5.6%/yr
FY21 $5.1B
FY22 $5.3B
FY23 $5.7B
FY24 $6.0B
FY25 $6.4B
Net income +19.7%/yr
FY21 $2.2B
FY22 $2.1B
FY23 $2.6B
FY24 $2.4B
FY25 $4.6B

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Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

Similar stocks

6 more REIT - Retail stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

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Realty Income Corporation O 1,055 MXN 664.56 MXN -37%
Unibail-Rodamco-Westfield SE UNBLF $117.90 $115.55 -2%
Kimco Realty Corporation KIM $25.42 $12.60 -50%
Scentre Group STGPF $2.65 $2.31 -13%
CapitaLand Integrated Commercial Trust (CICT or the Trust) CPAMF $1.86 $1.07 -42%
Regency Centers Corporation REG $77.36 $48.40 -37%

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Frequently asked questions

Is Simon Property Group (SPG) undervalued?
As of Jun 26, 2026, our model estimates a fair value of $86.11 versus a price of $225.49 — about −62% (overvalued). Model-based estimate, not financial advice.
What is the fair value of SPG?
Our 21-model fair value for Simon Property Group is $86.11 (as of Jun 26, 2026), built from audited fundamentals. The current price is $225.49.
What is the quality score of SPG?
Simon Property Group has a Quality Score of 90/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Simon Property Group (SPG)?
Simon Property Group reported trailing-twelve-month revenue of about $6.6B (latest available figure, as of Jun 26, 2026).
What is the net profit margin of SPG?
The net profit margin of Simon Property Group is about 70.6%, meaning it keeps roughly 70.6% of revenue as net income. Based on the latest reported figures.
Does Simon Property Group pay a dividend?
Simon Property Group currently shows a dividend yield of about 4.09% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.