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Simon Property Group, Inc. is an Indiana corporation that operates as a self-administered and self-managed real estate investment trust, or REIT, under the Internal Revenue Code of 1986, as amended, or the Internal Revenue Code. REITs will generally not be liable for U.S. federal corporate income taxes as long as they distribute not less than 100% of their REIT taxable income.
$202.70
$2.21 (-1.08%)
Price from 2 days ago
49.89% operating margin is above average. ROIC at 10.16%.
Revenue grew 6.7%, steady but not accelerating.
Net debt of $28.36B represents 8.9x FCF, leverage limits flexibility.
14.1x earnings, 20.4x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$6.65B
▲ +6.7% YoY
Net Income (TTM)
$4.69B
▲ +95.3% YoY
Op. Margin
48.28%
▼ -2.0pp YoY
ROIC
8.10%
▼ -0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$3.23B
▲ +4.7% YoY
Op. Cash Flow (TTM)
$4.14B
▲ +8.4% YoY
Net Debt
$28.44B
Cash & Equiv.
$543M
5Y CAGR: +6.7%
5Y CAGR: +11.7%
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