NYSE$SPG
Simon Property Group Inc · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Simon Property Group reported Q3 2025 total revenue of $1.60B with consolidated net income of $703M.
Total revenue was $1.60 billion in the third quarter as mall occupancy, base rent, and mixed-use assets drove cash flows. Consolidated net income was $703 million; FFO metrics and leasing spreads are discussed in supplemental disclosures.
- Q3 total revenue $1.60B across regional malls and outlets.
- Consolidated net income $703M.
- Occupancy and tenant sales trends support rent growth.
- Development and redevelopment pipeline adds long-term NOI.
Headline financials
Revenue & EPS history
Simon · Revenue · Quarterly
$1.6B
Revenue by segment
Simon · $1.41B total across 3 segments · Q3 2023
- Lease income$1.3B+6.9%92.0%
- Other income$82.2M+14.6%5.8%
- Management & other$30.1M+4.9%2.1%
Forward guidance
Management discusses occupancy, leasing spreads, capital recycling, and dividend coverage.
Tailwinds
- Portfolio occupancy and rent collections remain core focus areas.
- Development or redevelopment projects may add NOI over time.
- Balance sheet liquidity supports asset management initiatives.
Headwinds
- Tenant health and retail traffic can affect leasing velocity.
- Interest expense and refinancing costs pressure FFO.
- Fair value marks and non-cash items affect reported net income.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2025
+1.4%
Avg return
Earnings day
+2.7%
Avg return
5 days after
+3.3%
Avg return
30 days after
60%
44 / 73 earnings
Positive
+27.4%
Q3 2020
Best reaction
-7.1%
Q3 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.0% | +1.1% | +7.5% | |
| Q4 2025 | -1.6% | +4.4% | +5.1% | |
| Q3 2025 | +3.2% | +3.9% | +3.8% | |
| Q2 2025 | -0.9% | +3.8% | +9.6% | |
| Q1 2025 | -5.9% | -3.7% | -7.4% | |
| Q4 2024 | +3.3% | +4.2% | -1.3% | |
| Q3 2024 | +1.8% | +2.7% | +8.6% | |
| Q2 2024 | +3.0% | +5.0% | +9.3% | |
| Q1 2024 | +3.5% | +3.4% | +7.4% | |
| Q4 2023 | +4.0% | +6.5% | +10.4% | |
| Q3 2023 | +5.1% | +12.8% | +17.4% | |
| Q2 2023 | -5.6% | -4.6% | -8.4% | |
| Q1 2023 | -5.2% | -3.5% | -8.9% | |
| Q4 2022 | -3.0% | -4.2% | -5.9% | |
| Q3 2022 | +2.4% | +6.0% | +9.2% | |
| Q2 2022 | -2.9% | -2.0% | -6.1% | |
| Q1 2022 | -1.9% | -3.8% | -11.2% | |
| Q4 2021 | -2.2% | -2.3% | -8.7% | |
| Q3 2021 | +8.5% | +16.3% | +0.8% | |
| Q2 2021 | +2.4% | +6.9% | +7.3% | |
| Q1 2021 | -1.8% | -2.2% | +8.5% | |
| Q4 2020 | +6.0% | +12.9% | +18.1% | |
| Q3 2020 | +27.4% | +20.8% | +46.8% | |
| Q2 2020 | +8.0% | +9.6% | +10.7% | |
| Q1 2020 | -6.0% | -11.5% | +43.1% | |
| Q4 2019 | +5.8% | +6.2% | -9.7% | |
| Q3 2019 | -1.4% | +3.4% | -1.1% | |
| Q2 2019 | -1.7% | -3.4% | -7.0% | |
| Q1 2019 | +1.1% | +2.1% | -7.2% | |
| Q4 2018 | -0.1% | +0.9% | -3.6% | |
| Q3 2018 | +3.3% | +7.9% | +4.8% | |
| Q2 2018 | +4.5% | +5.7% | +7.7% | |
| Q1 2018 | +4.1% | +6.0% | +6.2% | |
| Q4 2017 | -1.8% | -4.6% | -4.4% | |
| Q3 2017 | -3.7% | -4.1% | -3.5% | |
| Q2 2017 | +1.8% | +3.8% | -1.0% | |
| Q1 2017 | +0.1% | +2.3% | -4.7% | |
| Q4 2016 | +2.1% | +4.3% | +1.9% | |
| Q3 2016 | -7.1% | -5.7% | -8.1% | |
| Q2 2016 | -0.2% | +1.4% | -4.8% | |
| Q1 2016 | +0.4% | — | — | |
| Q4 2015 | +0.6% | — | — | |
| Q3 2015 | +1.2% | — | — | |
| Q2 2015 | +2.4% | — | — | |
| Q1 2015 | +0.4% | — | — | |
| Q4 2014 | -2.6% | — | — | |
| Q3 2014 | +0.2% | — | — | |
| Q2 2014 | -0.0% | — | — | |
| Q1 2014 | +0.1% | — | — | |
| Q4 2013 | -1.2% | — | — | |
| Q3 2013 | -1.8% | — | — | |
| Q2 2013 | -1.7% | — | — | |
| Q1 2013 | -0.0% | — | — | |
| Q4 2012 | -0.1% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | +0.3% | — | — | |
| Q1 2012 | +2.2% | — | — | |
| Q2 2011 | -1.0% | — | — | |
| Q4 2011 | -1.0% | — | — | |
| Q3 2011 | +0.9% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2010 | +4.2% | — | — | |
| Q2 2010 | +4.2% | — | — | |
| Q3 2010 | +2.3% | — | — | |
| Q1 2009 | +5.8% | — | — | |
| Q1 2010 | -0.8% | — | — | |
| Q4 2009 | +1.0% | — | — | |
| Q3 2008 | +1.0% | — | — | |
| Q3 2009 | +1.0% | — | — | |
| Q2 2009 | +7.9% | — | — | |
| Q4 2007 | +7.9% | — | — | |
| Q4 2008 | +7.9% | — | — | |
| Q2 2008 | +7.9% | — | — |
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