What is the 13F Pro Quality Score for SPG?

13F Pro ranks SIMON PROPERTY GROUP INC. (SPG) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View SPG's current score at https://13fpro.ai/company/SPG (free sign-up required for the full ranking).

Where does 13F Pro source SPG data?

All SIMON PROPERTY GROUP INC. fundamentals and ownership data come directly from SEC EDGAR. SIMON PROPERTY GROUP INC. files with the SEC under CIK 1063761. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is SPG in?

SIMON PROPERTY GROUP INC. (SPG) is classified in the Real Estate sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/real-estate.

What drives SPG's revenue?

Per SIMON PROPERTY GROUP INC.'s latest 10-Q filed with the SEC on 2026-08-10, the biggest revenue drivers are: Lease income ($1,659.7M, +$280.3M YoY); Fixed lease income ($1,349.1M); Variable lease income ($310.6M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/SPG.

What are SPG's largest expenses?

SIMON PROPERTY GROUP INC.'s latest 10-Q reports these as the largest expense items: Depreciation and amortization ($459.9M, +$120.8M YoY); Interest expense ($281.2M, +$48.4M YoY); Property operating ($171.4M, +$31.6M YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is SPG research updated on 13F Pro?

SPG's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

SIMON PROPERTY GROUP INC.(SPG)Stock Analysis

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Why SPG Scores 77/100

exact factor attribution · 2026-08-29

SPG's composite is driven by profitability and free cash flow, held back by earnings quality. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Profitability

+6.7 pts

94th pct

Free cash flow

+5.9 pts

89th pct

Scale

+5.1 pts

84th pct

Capital efficiency

+3.9 pts

89th pct

Shareholder dilution

+2.2 pts

95th pct

Institutional flow

+2.1 pts

93th pct

Revenue growth

+1.7 pts

59th pct

Earnings growth

+1.4 pts

79th pct

Earnings quality

-2.3 pts

27th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

Unusual Activity in SPG

Events flagged as statistical outliers against SPG's own multi-year baseline — not fixed dollar thresholds.

Insider cluster2026-06-30
11 insiders bought $533,051 of SPG in 30 days — 3.6σ above this company's 2-year norm
View source filing →

SPG Stock Analysis & AI Quality Score

Data updated 2026-08-29

AI stock analysis and institutional research for SIMON PROPERTY GROUP INC. (SPG), a Real Estate sector company. 13F Pro tracks SPG using direct SEC EDGAR data and AI-powered research tools. Based on the latest XBRL financial filings (Q2 2026), SIMON PROPERTY GROUP INC. reports quarterly revenue of $1.8B, net income of $574.1M, an operating margin of 46.0%. Top institutional holders of SPG by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. SPG trades on the NYSE exchange and files with the SEC under CIK 1063761. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SPG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SIMON PROPERTY GROUP INC. directly from SEC EDGAR. SIMON PROPERTY GROUP INC.'s 13F Pro composite quality score has ranged between 60 and 78 since 2021, currently 76.7 — an improving long-term trajectory across 65 quarterly and live scoring snapshots.

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Fun facts about SIMON PROPERTY GROUP INC.

Quirks, history, and lore behind SPG — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. real estate investment trust · large-cap · listed on the NYSE · headquartered in Indiana.
2
The Numbers
Owns or has interests in roughly 200 properties totaling over 180 million square feet of gross leasable area — that's a lot of Orange Julius stands.
3
The History
Founded in 1960, it grew into a dominant force by acquiring and developing enclosed shopping malls across America, then kept consolidating rivals when others fled the sector.
4
The Secret
While peers panicked about the retail apocalypse, this company doubled down — converting struggling anchor spaces into hotels, apartments, and entertainment venues inside its own malls.
5
The Lore
It owns some of the highest-grossing malls in the country, including King of Prussia and Mall of America (as a co-owner), and its Premium Outlets portfolio makes bargain hunters weep with joy.
6
The Giveaway
The largest mall operator in the United States, its ticker is three letters that might as well stand for Shopping, Period, Guaranteed.

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What's Driving SPG's Business? Latest 10-Q Breakdown

✓ 35/35 datapoints verified

AI-extracted from SIMON PROPERTY GROUP INC.'s 10-Q filed 2026-08-10 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q2 revenue of $1.79B on a $280.3M lease-income increase driven by the TRG acquisition, yet net income to common stockholders fell to $483.1M ($1.49/share) from $556.1M.

Biggest Revenue Drivers

Lease income$1,659.7M+$280.3M YoY

$197.5 million due to our acquisition activity, our development activity, and increases in fixed and variable lease consideration

Other income$90.1M+$9.0M YoY

$19.1 million increase in Simon Media and Experiences, partially offset by a $14.6 million decrease in interest income

Biggest Revenue Drivers

Total revenue: $1.79B

Lease income$1,659.7M+$280.3M YoY

$197.5 million due to our acquisition activity, our development activity, and increases in fixed and variable lease consideration

Within Lease income

Fixed lease income$1,349.1M

Fixed minimum lease consideration and fixed CAM reimbursements recorded on a straight-line basis

Variable lease income$310.6M

Consideration based on sales, plus reimbursements for real estate taxes, utilities and marketing

Other income$90.1M+$9.0M YoY

$19.1 million increase in Simon Media and Experiences, partially offset by a $14.6 million decrease in interest income

Management fees and other revenues$40.8M

Management fees typically based upon the revenues of the property being managed

Largest Expense Items

Depreciation and amortization$459.9M+$120.8M YoY

Related to our acquisition activity; includes $34.0 million of TRG acquisition-related intangible amortization

Interest expense$281.2M+$48.4M YoY

$38.5 million related to acquisition activity plus $32.8 million from USD note and commercial paper issuances

Property operating$171.4M+$31.6M YoY

Inflationary cost increases and $27.2 million related to our acquisition activity

Real estate taxes$131.9M+$26.6M YoY

$20.0 million relates to acquisition activity, and a large successful property tax appeal impacting 2025

Margins: Operating income before other items rose to $824.1M from $744.2M and NOI of consolidated entities reached $1,365.9M versus $1,155.1M; beneficial interest of Portfolio NOI increased 8.3%.

Watch Items from the Filing

The consolidated TRG properties contributed $188.6 million of revenue but a consolidated net loss of $47.7 million for the quarter, including preliminary purchase-accounting depreciation.
Effective overall borrowing rate rose 30 basis points to 3.93% on $28.7 billion of consolidated debt; $3.7 billion of principal matures in the remainder of 2026.
U.S. Malls and Premium Outlets ending occupancy held at 96.0% while average base minimum rent rose 6.3% to $62.42 per square foot.
No customer or tenant accounts for 5% or more of consolidated revenues; anchors do not contribute materially as many own their spaces.
Non-cash $8.7 million other-than-temporary impairment wrote off the remaining equity method investment in a real estate venture; Catalyst restructuring drove $12.0 million of transition costs.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$1.8B

Net Income

Q2 2026

$574.1M

Free Cash Flow

Q2 2026

$958.7M

Operating Margin

Q2 2026

46.0%

ROIC

Q2 2026

10.0%

D/E Ratio

Q2 2026

6.47

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+6.7% YoY

$6.36BFY 2025

FY22 $5.29BFY23 $5.66BFY24 $5.96BFY25 $6.36B

Operating Income

+2.7% YoY

$3.18BFY 2025

FY22 $2.58BFY23 $2.81BFY24 $3.09BFY25 $3.18B

EPS (Diluted)

+95.2% YoY

$14.17FY 2025

FY22 $6.52FY23 $6.98FY24 $7.26FY25 $14.17

Total Assets

+25.3% YoY

$40.61BFY 2025

FY22 $33.01BFY23 $34.28BFY24 $32.41BFY25 $40.61B

Total Debt

+17.2% YoY

$28.43BFY 2025

FY22 $24.96BFY23 $26.03BFY24 $24.26BFY25 $28.43B

Op. Cash Flow

+8.4% YoY

$4.14BFY 2025

FY22 $3.77BFY23 $3.93BFY24 $3.81BFY25 $4.14B

Free Cash Flow

+4.7% YoY

$3.20BFY 2025

FY22 $3.12BFY23 $3.14BFY24 $3.06BFY25 $3.20B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$6.36B +6.7%	$5.96B +5.4%	$5.66B +6.9%	$5.29B +3.4%	$5.12B +11.1%	$4.61B
Operating Income	$3.18B +2.7%	$3.09B +10.2%	$2.81B +8.6%	$2.58B +7.1%	$2.41B +22.4%	$1.97B
EPS (Diluted)	$14.17 +95.2%	$7.26 +4.0%	$6.98 +7.1%	$6.52 -4.7%	$6.84	—
Total Assets	$40.61B +25.3%	$32.41B -5.5%	$34.28B +3.9%	$33.01B -2.3%	$33.78B -2.9%	$34.79B
Total Debt	$28.43B +17.2%	$24.26B -6.8%	$26.03B +4.3%	$24.96B -1.4%	$25.32B -5.2%	$26.72B
Operating Cash Flow	$4.14B +8.4%	$3.81B -3.0%	$3.93B +4.4%	$3.77B +3.6%	$3.64B +56.3%	$2.33B
Free Cash Flow	$3.20B +4.7%	$3.06B -2.5%	$3.14B +0.7%	$3.12B +0.2%	$3.11B +68.8%	$1.84B

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Available Research

13F Pro tracks comprehensive data for SIMON PROPERTY GROUP INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of SPG

BlackRock, Inc.
$8.3B37,269,192 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$6.2B27,878,674 sh
VANGUARD CAPITAL MANAGEMENT LLC
$4.6B20,632,222 sh
STATE STREET CORP
$4.6B20,356,570 sh
GEODE CAPITAL MANAGEMENT, LLC
$2.5B11,335,910 sh
Capital World Investors
$2.4B10,524,034 sh
WELLINGTON MANAGEMENT GROUP LLP
$2.1B9,390,325 sh
BANK OF AMERICA CORP /DE/
$1.8B8,248,498 sh
COHEN & STEERS, INC.
$1.3B5,870,615 sh
MORGAN STANLEY
$1.2B5,566,600 sh

Fund	Value	Shares
BlackRock, Inc.	$8.3B	37,269,192
VANGUARD PORTFOLIO MANAGEMENT LLC	$6.2B	27,878,674
VANGUARD CAPITAL MANAGEMENT LLC	$4.6B	20,632,222
STATE STREET CORP	$4.6B	20,356,570
GEODE CAPITAL MANAGEMENT, LLC	$2.5B	11,335,910
Capital World Investors	$2.4B	10,524,034
WELLINGTON MANAGEMENT GROUP LLP	$2.1B	9,390,325
BANK OF AMERICA CORP /DE/	$1.8B	8,248,498
COHEN & STEERS, INC.	$1.3B	5,870,615
MORGAN STANLEY	$1.2B	5,566,600

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Is SPG a good stock to buy?

13F Pro's AI-powered analysis of SIMON PROPERTY GROUP INC. (SPG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SPG are available on the SPG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. SPG is classified as a large company.

Which hedge funds own SPG?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SPG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of SIMON PROPERTY GROUP INC.'s investment landscape.