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/research/SPG (free sign-up required for the full ranking).

Which hedge funds own the most SPG stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of SPG include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/SPG as soon as new 13F filings post.

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 2026-05-11, the biggest revenue drivers are: Management fees and other revenues ($40.2M, +19.0% YoY); Other income ($88.4M, +23.0% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/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 ($458.9M, +39.9% YoY); Interest expense ($275.7M, +21.5% YoY); Property operating expenses ($170.8M, +24.8% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 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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13F Pro Quality Score

76.9/100

Rank #94 of 2,879 stocksTOP 5%

View Real Estate peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

56.0/100

Profitability

91.1/100

Balance Sheet

74.6/100

Earnings Quality

32.9/100

Free Cash Flow

91.6/100

Institutional Flow

79.1/100

Revenue Scale

81.6/100

Dilution Risk

94.9/100

SPG Stock Analysis & AI Quality Score

AI stock analysis and institutional research for SIMON PROPERTY GROUP INC. (SPG), a Real Estate sector company. 13F Pro's AI-powered ranking engine scores SPG at 76.9/100 on a 32-signal composite quality model, placing it at rank #94 of 2,879 stocks — the top 5% of the AI-ranked universe. SPG scores in the top quartile across free cash flow (91.6), profitability (91.1), revenue scale (81.6). Areas of concern include earnings quality (32.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), SIMON PROPERTY GROUP INC. reports quarterly revenue of $1.8B, net income of $568.5M, an operating margin of 43.4%. Top institutional holders of SPG by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, 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 77 since 2021, currently 76.9 — an improving long-term trajectory across 28 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

AI-extracted from SIMON PROPERTY GROUP INC.'s 10-Q filed 2026-05-11 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Biggest Revenue Drivers

Management fees and other revenues$40.2M+19.0% YoY

Management fees based on revenues of managed properties.

Other income$88.4M+23.0% YoY

Includes interest income, land sales gains, dividends from investments; $16.1M relates to acquisition activity.

Largest Expense Items

Depreciation and amortization$458.9M+39.9% YoY

$121.2M of increase relates to acquisition activity; remaining due to consolidated TRG and other acquired properties.

Interest expense$275.7M+21.5% YoY

$39.3M relates to acquisition activity debt; effective borrowing rate increased 30 bps to 3.90%.

Property operating expenses$170.8M+24.8% YoY

$24.6M relates to acquisition activity; remainder due to inflationary cost increases.

Margins: Portfolio NOI increased 6.7% YoY to $1.571B, reflecting improved domestic and international operations plus acquisition impact. Operating margin pressures from $40M stock compensation and acquisition-related depreciation were partially offset by operational leverage and acquisition contributions.

Watch Items from the Filing

TRG Acquisition: Consolidated 11 of 22 TRG properties totaling ~$3.1B incremental debt as of Oct 31, 2025; provisional fair value allocation still under review through Oct 31, 2026.
Klépierre exchangeable bonds: Outstanding balance reduced to €187.6M post-Q1 2026 through conversions and cash settlements; continued conversion pressure and foreign exchange exposure remains.
Floating rate debt: 4.6% of consolidated debt as of March 31, 2026; effective borrowing rate increased 30 bps to 3.90% due to higher rates and increased variable rate debt.
U.S. mall and premium outlet occupancy: Remained stable at 96.0% but average base minimum rent per square foot increased only 5.2% to $61.99 psf, reflecting gradual tenant pressure.
Platform investments losses: Other platform investments (Catalyst, Jamestown, RGG) posted combined net loss of $385.7M in Q1 2026 vs. $297.4M loss in Q1 2025; company's share decreased from $61.1M loss to $82.0M loss.

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

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

Revenue

Q1 2026

$1.8B

Net Income

Q1 2026

$568.5M

Free Cash Flow

Q1 2026

$625.0M

Operating Margin

Q1 2026

43.4%

D/E Ratio

Q1 2026

5.81

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+5.4% YoY

$5.96BFY 2024

FY21 $5.12BFY22 $5.29BFY23 $5.66BFY24 $5.96B

Operating Income

+10.2% YoY

$3.09BFY 2024

FY21 $2.41BFY22 $2.58BFY23 $2.81BFY24 $3.09B

EPS (Diluted)

+4.0% YoY

$7.26FY 2024

FY21 $6.84FY22 $6.52FY23 $6.98FY24 $7.26

Total Assets

-5.5% YoY

$32.41BFY 2024

FY21 $33.78BFY22 $33.01BFY23 $34.28BFY24 $32.41B

Total Debt

-6.8% YoY

$24.26BFY 2024

FY21 $25.32BFY22 $24.96BFY23 $26.03BFY24 $24.26B

Op. Cash Flow

-3.0% YoY

$3.81BFY 2024

FY21 $3.64BFY22 $3.77BFY23 $3.93BFY24 $3.81B

Metric	FY 2024	FY 2023	FY 2022	FY 2021	FY 2019	FY 2018
Revenue	$5.96B +5.4%	$5.66B +6.9%	$5.29B +3.4%	$5.12B -11.1%	$5.76B +1.9%	$5.65B
Operating Income	$3.09B +10.2%	$2.81B +8.6%	$2.58B +7.1%	$2.41B -17.2%	$2.91B -0.5%	$2.93B
EPS (Diluted)	$7.26 +4.0%	$6.98 +7.1%	$6.52 -4.7%	$6.84	—	—
Total Assets	$32.41B -5.5%	$34.28B +3.9%	$33.01B -2.3%	$33.78B +8.2%	$31.23B +1.8%	$30.69B
Total Debt	$24.26B -6.8%	$26.03B +4.3%	$24.96B -1.4%	$25.32B +4.8%	$24.16B +3.7%	$23.31B
Operating Cash Flow	$3.81B -3.0%	$3.93B +4.4%	$3.77B +3.6%	$3.64B -4.5%	$3.81B +1.5%	$3.75B

AI Insight: SPG Financial Trends

Operating income and revenue grew through 2025, but Q1 2026 shows margin compression and debt elevated near peak levels.

• Revenue grew 20.5% from Q2 2024 ($1,458M) to Q1 2026 ($1,757M), with strongest Q4 2025 at $1,791M.

• Operating income increased from $754M (Q2 2024) to $891M (Q4 2025), but fell to $762M in Q1 2026.

• Total debt spiked to $28,430M in Q4 2025, up 12.4% from Q2 2024's $25,288M, remains near peak in Q1 2026.

⚠ Operating margin contracted to 43.4% in Q1 2026 vs. 51.7% in Q4 2025—sharpest quarterly decline in dataset.

⚠ Equity surged to $5,208M in Q4 2025, but Q1 2026 decline to $4,859M warrants tracking amid high leverage.

AI Insight: SPG Ratio Trends

Operating margin collapsed 630 basis points from Q4 2024 peak to Q1 2026, dragging ROIC down 310 basis points.

• OpMargin fell from 52.8% in Q4 2024 to 43.4% in Q1 2026, a sharp 9.4pp deterioration over five quarters.

• ROIC declined from 12.3% in Q4 2024 to 9.2% in Q1 2026, eroding shareholder returns materially.

• Leverage stabilized at 5.81x D/E in TTM and Q1 2026, down from 10.98x peak in Q3 2025.

⚠ Q1 2026 margin compression (43.4%) is the lowest in the trailing dataset; monitor if structural or seasonal.

⚠ ROIC has fallen 3.1pp from Q4 2024 peak; sustained decline below 10% would signal operational headwinds.

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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.
$6.9B36,813,649 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$4.3B23,098,132 sh
STATE STREET CORP
$3.9B20,931,309 sh
VANGUARD CAPITAL MANAGEMENT LLC
$3.8B20,573,701 sh
GEODE CAPITAL MANAGEMENT, LLC
$2.0B10,825,713 sh
WELLINGTON MANAGEMENT GROUP LLP
$1.7B9,147,616 sh
Capital World Investors
$1.7B9,050,315 sh
BANK OF AMERICA CORP /DE/
$1.6B8,503,133 sh
MORGAN STANLEY
$1.0B5,421,797 sh
FMR LLC
$939.2M5,035,084 sh

Fund	Value	Shares
BlackRock, Inc.	$6.9B	36,813,649
VANGUARD PORTFOLIO MANAGEMENT LLC	$4.3B	23,098,132
STATE STREET CORP	$3.9B	20,931,309
VANGUARD CAPITAL MANAGEMENT LLC	$3.8B	20,573,701
GEODE CAPITAL MANAGEMENT, LLC	$2.0B	10,825,713
WELLINGTON MANAGEMENT GROUP LLP	$1.7B	9,147,616
Capital World Investors	$1.7B	9,050,315
BANK OF AMERICA CORP /DE/	$1.6B	8,503,133
MORGAN STANLEY	$1.0B	5,421,797
FMR LLC	$939.2M	5,035,084

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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.

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.