Simon Property Group (SPG) balance sheet
NYSE · Real Estate · REIT - Retail · 3,350 employees · CEO Eli Simon
- Price
- $217.75 +0.94%
- Market cap
- $70.5B
- Enterprise value
- $98.9B
- Last report
- Q2 '26 filed 2026-08-10
- Next report
- 2026-11-05
At the end of Q2 '26 Simon Property Group (SPG) held $1.02B in cash and short-term investments against $29.4B of debt incl. leases. Total assets $39.7B, total liabilities $34.1B, shareholders' equity $4.43B.
Balance sheet
| Balance sheet | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $769M | $1.17B | $1.25B | $1.23B | $2.17B | $1.4B | $1.38B | $1.23B | $1.55B | $823M | $543M | $1.02B | |
| Short-term investments | $0 | $1B | $1.3B | $1.3B | $300M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Receivables | $758M | $1.42B | $793M | $793M | $768M | $1.43B | $780M | $778M | $819M | $934M | $881M | $884M | |
| Current assets | $1.53B | $3.59B | $3.34B | $3.33B | $3.24B | $2.83B | $2.16B | $2.01B | $2.37B | $1.76B | $1.42B | $1.9B | |
| Property, plant & equipment (net) | $490M | $484M | $525M | $523M | $521M | $520M | $518M | $515M | $529M | $31B | $30.7B | $30.4B | |
| Long-term investments | $8.18B | $8.54B | $7.22B | $7.03B | $6.96B | $7.76B | $6.97B | $7.1B | $6.97B | $5.87B | $5.56B | $5.39B | |
| Goodwill | $0 | $20.1M | $0 | $0 | $0 | $20.1M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Intangible assets | $1.63B | $8.71M | $0 | $0 | $1.62B | $2.75M | $1.49B | $1.63B | $1.65B | $0 | $0 | $0 | |
| Other non-current assets | $21.1B | $21.6B | $22.6B | $22.5B | $20.9B | $21.3B | $21.4B | $22B | $22.1B | $1.98B | $1.97B | $1.98B | |
| Non-current assets | $31.4B | $30.7B | $30.4B | $30B | $30B | $29.6B | $30.3B | $31.3B | $31.2B | $38.8B | $38.2B | $37.8B | |
| Total assets | $33B | $34.3B | $33.7B | $33.4B | $33.3B | $32.4B | $32.5B | $33.3B | $33.6B | $40.6B | $39.6B | $39.7B | |
| Liabilities | |||||||||||||
| Accounts payable | $1.63B | $1.69B | $1.53B | $1.63B | $1.62B | $1.71B | $1.49B | $1.63B | $1.65B | $1.95B | $1.7B | $1.81B | |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.8B | $0 | $0 | |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.74B | $1.46M | $0 | |
| Current liabilities | $3.39B | $3.46B | $3.25B | $3.36B | $3.36B | $3.4B | $3.22B | $3.38B | $3.4B | $9.5B | $1.7B | $1.81B | |
| Long-term debt | $24.9B | $26B | $25.5B | $25.3B | $25.4B | $24.2B | $24.8B | $25.4B | $25.8B | $22.6B | $28.2B | $28.7B | |
| Lease obligations (non-current) | $491M | $545M | $526M | $524M | $522M | $579M | $518M | $516M | $530M | $757M | $735M | $728M | |
| Other non-current liabilities | $556M | $622M | $636M | $621M | $658M | $626M | $743M | $908M | $910M | $1.02B | $2.62B | $2.63B | |
| Non-current liabilities | $26B | $27.1B | $26.7B | $26.4B | $26.6B | $25.4B | $26B | $26.8B | $27.2B | $24.4B | $31.6B | $32.1B | |
| Total liabilities | $29.4B | $30.6B | $29.9B | $29.8B | $30B | $28.8B | $29.2B | $30.2B | $30.6B | $33.9B | $33.3B | $34.1B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $34K | $33K | $33K | $33K | $33K | $33K | $33K | $33K | $33K | $33K | $33K | $33K | |
| Retained earnings | -$6.22B | -$6.1B | -$5.99B | -$6.16B | -$6.36B | -$6.38B | -$6.71B | -$6.84B | -$6.93B | -$4.61B | -$4.88B | -$5.13B | |
| Accumulated other comprehensive income | -$141M | -$173M | -$166M | -$167M | -$206M | -$193M | -$220M | -$256M | -$281M | -$251M | -$228M | -$234M | |
| Shareholders' equity | $2.95B | $3.02B | $3.11B | $2.94B | $2.71B | $2.94B | $2.61B | $2.45B | $2.35B | $5.21B | $4.86B | $4.43B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $25.4B | $26.5B | $26B | $25.8B | $25.9B | $24.8B | $25.3B | $25.9B | $26.3B | $29.2B | $29B | $29.4B | |
| Net debt (debt - cash) | $24.6B | $25.3B | $24.8B | $24.6B | $23.8B | $23.4B | $23.9B | $24.7B | $24.8B | $28.4B | $28.4B | $28.4B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $560M | $1.48B | $514M | $669M | $1.01B | $534M | $622M | $1.17B | $1.4B | $823M | |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1B | $0 | $0 | |
| Receivables | $665M | $743M | $764M | $1.32B | $1.7B | $1.46B | $1.49B | $1.42B | $1.43B | $934M | |
| Inventory | -$451M | -$584M | -$516M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other current assets | $0 | $0 | $0 | -$493M | -$466M | -$193M | -$662M | $0 | $0 | $0 | |
| Current assets | $1.22B | $2.22B | $1.28B | $1.99B | $2.71B | $2.34B | $2.11B | $3.59B | $2.83B | $1.76B | |
| Property, plant & equipment (net) | $24.4B | $24.5B | $24.2B | $515M | $513M | $504M | $497M | $484M | $520M | $31B | |
| Long-term investments | $4.16B | $4.2B | $3.99B | $4.52B | $8.18B | $8.46B | $8.51B | $8.54B | $7.76B | $5.87B | |
| Goodwill | $20.1M | $20.1M | $20.1M | $20.1M | $20.1M | $20.1M | $20.1M | $20.1M | $20.1M | $0 | |
| Intangible assets | $265M | $188M | $131M | $75.8M | $35M | $33.3M | $17.8M | $8.71M | $2.75M | $0 | |
| Deferred tax assets | $31.1B | $32.3B | $30.7B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other non-current assets | -$30B | -$31.1B | -$29.6B | $24.1B | $23.3B | $22.4B | $21.9B | $21.6B | $21.3B | $1.98B | |
| Non-current assets | $29.9B | $30B | $29.4B | $29.2B | $32.1B | $31.4B | $30.9B | $30.7B | $29.6B | $38.8B | |
| Total assets | $31.1B | $32.3B | $30.7B | $31.2B | $34.8B | $33.8B | $33B | $34.3B | $32.4B | $40.6B | |
| Liabilities | |||||||||||
| Accounts payable | $1.21B | $1.27B | $1.32B | $1.39B | $1.31B | $1.43B | $1.49B | $1.69B | $1.71B | $1.95B | |
| Short-term debt | $954M | $978M | $759M | $1.33B | $623M | $500M | $0 | $0 | $0 | $7.31B | |
| Deferred revenue | -$954M | -$978M | -$759M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.74B | |
| Current liabilities | $2.57B | $2.68B | $2.85B | $4.28B | $4B | $3.51B | $3.19B | $3.46B | $3.4B | $11B | |
| Long-term debt | $22B | $23.6B | $22.5B | $22.8B | $26B | $24.8B | $24.9B | $26B | $24.2B | $21.1B | |
| Lease obligations (non-current) | $0 | $68.4M | $67.3M | $584M | $580M | $570M | $561M | $545M | $579M | $757M | |
| Deferred revenue (non-current) | $26B | $27.8B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other non-current liabilities | $455M | $520M | $501M | $464M | $514M | $541M | $536M | $622M | $626M | $1.02B | |
| Non-current liabilities | $23.4B | $25.2B | $23B | $23.8B | $27.1B | $25.9B | $26B | $27.1B | $25.4B | $22.9B | |
| Total liabilities | $26B | $27.8B | $26.7B | $28.1B | $31.1B | $29.4B | $29.2B | $30.6B | $28.8B | $33.9B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $32K | $32K | $32K | $32K | $34K | $34K | $34K | $33K | $33K | $33K | |
| Retained earnings | -$4.46B | -$4.78B | -$4.89B | -$5.38B | -$6.1B | -$5.82B | -$5.93B | -$6.1B | -$6.38B | -$4.61B | |
| Accumulated other comprehensive income | -$114M | -$110M | -$126M | -$119M | -$189M | -$185M | -$165M | -$173M | -$193M | -$251M | |
| Shareholders' equity | $4.31B | $3.69B | $3.3B | $2.53B | $3.04B | $3.36B | $3.14B | $3.02B | $2.94B | $5.21B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $23B | $24.6B | $23.3B | $24.7B | $27.2B | $25.8B | $25.5B | $26.5B | $24.8B | $29.2B | |
| Net debt (debt - cash) | $22.4B | $23.2B | $22.8B | $24B | $26.2B | $25.3B | $24.8B | $25.3B | $23.4B | $28.4B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01