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Is Simon Property Group (SPG) tradable as a perp? Not yet

Simon Property Group is a real estate investment trust that owns and develops shopping, dining, entertainment, and mixed-use destinations across North America, Europe, and Asia.

Not yet listed on any perp exchange

No perpetual-futures venue lists SPG yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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Company financials

Financials at a glance

Last report Q2 '26 · filed 2026-08-10 · next report 2026-11-05 · Updated 1h ago
All financials →

Valuation & key figures

Market cap
$73.9B
Updated 1h ago
Revenue
$6.9B
Trailing 12 months
Revenue growth
+6%
Next fiscal year
Profit margin
+66.4%
P/E
16.2
Peer P/E 31.8
P/S
10.7
Peer P/E
31.8
Similar listed perps
Free cash flow
$3.2B
Trailing 12 months
Net income
$4.6B
Trailing 12 months
Revenue estimate
$6.7B
Next fiscal year
Earnings
2026-11-05
Revenue est. $1.6B · Updated 1h ago
Dividend
$2.25
2026-09-09
Revenue (TTM)$6.94B+15.0% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)47.4%-3.6 pp vs a year agoOperating income $3.29B
Net income (TTM)$4.61B+117.8% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$3.22B+2.4% vs a year agoCapex $905M
Diluted EPS (TTM)$14.14+118.5% vs a year agoSum of the last 4 quarters
Net cash-$28.4B-15.1% vs a year agoCash + short-term investments - debt
  • Revenue growth accelerating: 19.5% year on yearQ2 '26 revenue $1.79B, against an average of 10.9% over the four quarters before.
  • Operating margin 47.4% (TTM), -3.6 pp on a year agoOperating income grew 7.0% while revenue grew 15.0%.
  • 37.7% of pre-tax profit is non-operatingPre-tax income $5.28B vs operating income $3.29B (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
  • Capex 13.0% of revenue (a year ago 14.6%)$905M invested in the last 4 quarters (+3.1% on a year earlier). Free cash flow $3.22B = 69.8% of net income.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Real Estate Segment$1.71B+21.1%100.0%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 194 lines Simon Property Group, Inc. reported to the SEC

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20266.65$6.7B+6%4
FY 20277.00$7B+9%5
FY 20287.48$7.2B+13%6
FY 20297.66$8B+25%3
FY 20307.65$8.4B+31%2
Q1 20271.57$1.7B-4%1

Company events

6
2026-11-05Earnings · After market closeActual - / Estimate 1.69-
2026-09-09Dividend$2.25-
2026-08-10Earnings · After market closeActual 1.49 / Estimate 1.64Miss
2026-06-09Dividend$2.25-
2026-05-11EarningsActual 1.48 / Estimate 1.46Beat
2026-03-10Dividend$2.2-

Peer comparison

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NameMarket capP/SP/EProfit marginVenues
DLR$67B9.372.3+12.9%2AMT$87.1B7.926.4+29.9%2EQIX$100.3B10.060.6+16.3%1CCI$37.6B9.235.8+25.3%2PLD$119.5B12.827.7+45.5%2AGNC$10.5B3.0127.0+1.7%1OPEN$1.9B0.4-1.0-46.7%2SUNAC$1.4B0.2-0.7-28.2%1

Analyst track record

How the analysts covering SPG have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings101258
Analysts2429
Buy / hold / sell26 / 75 / 088 / 170 / 0
Upgrades / downgrades / initiations3 / 2 / 27 / 7 / 5
Price targets hit / missed58 / 38 (60%)204 / 39 (84%)
Avg. return after a rating (TipRanks)+1.8%+19.0%
Best / worst call+19.2% / -24.3%+81.3% / -24.3%

After buy calls on this stock: median 21-day move +3.1% vs S&P 500 +0.2% (n = 87)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Simon YarmakStifel Nicolaus100% hit rate on this stock · 8 targets measuredHoldtarget $209Aug 11, 2026
  2. Alexander GoldfarbPiper Sandler75% hit rate on this stock · 12 targets measuredBuytarget $254Oct 12, 2026

Latest ratings

DateAnalystCallTarget
Oct 12, 2026Alexander GoldfarbPiper SandlerBuyMaintained$254article ↗
Oct 9, 2026Michael GoldsmithUBSHoldReiterated$205article ↗
Oct 9, 2026Michael GoldsmithUBSHoldMaintained$205article ↗
Oct 9, 2026Monir KoummalExane BNP ParibasHoldInitiated$222article ↗
Oct 9, 2026Unknown AnalystExane BNP ParibasHoldInitiated$222article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$190$200$210$220$230Dec 25 · Buy 6 · Hold 10 · Sell 0Dec 25Jan 26 · Buy 6 · Hold 12 · Sell 0Feb 26 · Buy 5 · Hold 11 · Sell 0Feb 26Mar 26 · Buy 6 · Hold 11 · Sell 0Apr 26 · Buy 6 · Hold 11 · Sell 0Apr 26May 26 · Buy 7 · Hold 12 · Sell 0Jun 26 · Buy 6 · Hold 13 · Sell 0Jun 26Jul 26 · Buy 5 · Hold 14 · Sell 0Aug 26 · Buy 5 · Hold 14 · Sell 0Aug 26Sep 26 · Buy 5 · Hold 14 · Sell 0Oct 26 · Buy 5 · Hold 17 · Sell 0Oct 26Nov 26 · Buy 5 · Hold 17 · Sell 0Dec 25 · avg. target $192Jan 26 · avg. target $193Feb 26 · avg. target $200Mar 26 · avg. target $205Apr 26 · avg. target $206May 26 · avg. target $212Jun 26 · avg. target $217Jul 26 · avg. target $223Aug 26 · avg. target $233Sep 26 · avg. target $232Oct 26 · avg. target $227Nov 26 · avg. target $227Dec 25 · month-end close $185Jan 26 · month-end close $191Feb 26 · month-end close $204Mar 26 · month-end close $187Apr 26 · month-end close $204May 26 · month-end close $205Jun 26 · month-end close $224Jul 26 · month-end close $229Aug 26 · month-end close $212Sep 26 · month-end close $201Oct 26 · month-end close $218Nov 26 · month-end close $218

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Oct 30, 2026 · 101 ratings