Simon Property Group (SPG)财务
NYSE · Real Estate · REIT - Retail · 员工3,350人 · CEO Eli Simon
- 股价
- $217.75 +0.94%
- 市值
- $705亿
- 企业价值
- $989亿
- 最近财报
- Q2 '26 2026-08-10提交
- 下次财报
- 2026-11-05
营收(TTM)$69.4亿+15.0% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)47.4%-3.6 百分点 对比去年同期营业利润 $32.9亿
净利润(TTM)$46.1亿+117.8% 对比去年同期税后,含营业外收益
自由现金流(TTM)$32.2亿+2.4% 对比去年同期资本支出 $9.05亿
稀释EPS(TTM)$14.14+118.5% 对比去年同期最近4个季度之和
净现金-$284亿-15.1% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $705亿 EV $989亿
- 营收
- $69.4亿 过去12个月
- 营收增速
- +6% FY2026年一致预期
- 净利润率
- 66.4% 净利润 / 营收,TTM
- P/E
- 15.4× 预期 32.8×(FY2026)
- P/S
- 10.2× 股价 / 营收,TTM
- EV / EBITDA
- 12.5× TTM
- 自由现金流
- $32.2亿 过去12个月
- 净利润
- $46.1亿 过去12个月
- 营收预期
- $67.2亿 FY2026年一致预期
- 盈利
- 2026-11-05
- 股息
- $8.90 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 营收增长加速:同比19.5%Q2 '26营收$17.9亿,此前四个季度的平均值为10.9%。
- 营业利润率47.4%(TTM),较去年同期-3.6 百分点营收增长15.0%,营业利润增长7.0%。
- 税前利润的37.7%来自营业外收益税前利润$52.8亿,营业利润$32.9亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的13.0%(去年为14.6%)最近4个季度投入$9.05亿(同比+3.1%)。自由现金流$32.2亿,相当于净利润的69.8%。
- 股东回报$11.1亿 = 自由现金流的34.4%回购$6.3亿(去年为$1800万),股息$4.75亿,股权激励$0(TTM)。
- 稀释股数一年内减少1.0%Q2 '26稀释股数3.24亿,一年前为3.27亿。
- 净债务 $284亿现金 + 短期投资 $10.2亿,含租赁债务 $294亿;一年前净债务 $247亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $17.9亿 | $15亿 | +19.5% |
| 毛利率 | 83.1% | 85.7% | -2.6 百分点 |
| 营业利润 | $8.24亿 | $7.44亿 | +10.7% |
| 营业利润率 | 46.0% | 49.7% | -3.6 百分点 |
| 净利润 | $4.84亿 | $5.57亿 | -13.1% |
| 稀释EPS | $1.49 | $1.70 | -12.4% |
| 经营现金流 | $12亿 | $12.2亿 | -1.6% |
| 资本支出 | $2.37亿 | $2.44亿 | -2.9% |
| 自由现金流 | $9.59亿 | $9.71亿 | -1.3% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $0 | $0 | – |
营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Real Estate Segment | $17.1亿 | +21.1% | 100.0% | – | – |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Europe | $3.6亿 | +275.0% | 100.0% | $12亿 | -7.7% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $41.2亿
- 资本支出
- -$9.05亿
- 股票回购
- -$6.3亿
- 股息
- -$4.75亿
- 收购
- -$2.44亿
- 债务净发行
- $4.14亿
- 股权激励费用
- $0
- 自由现金流
- $32.2亿
- 股东回报 / FCF
- 34.4%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 15.4× | 19.7× | 13.1× – 23.7× |
| EV / EBITDA | 12.5× | 14.3× | 11.2× – 16.0× |
| EV / 营收 | 14.2× | 13.4× | 12.0× – 15.2× |
| 股价 / FCF | 21.9× | 16.3× | 12.4× – 18.8× |
| 股价 / 净资产 | 15.9× | 14.8× | 11.6× – 19.1× |
| FCF收益率 | 4.6% | 6.3% | 5.3% – 8.1% |
| 投入资本回报率 | 8.7% | 8.7% | 7.4% – 10.6% |
| 净资产收益率 | 109.4% | 76.0% | 66.9% – 88.6% |
分析师
一致目标价 $218.45 (+0.3%)
区间 $205.00 – $254.00 · 评级 Hold
强烈买入0
买入16
持有20
卖出2
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $67.2亿 | +5.6% | $6.65 | -53.0% | 32.8× | 3 |
| FY2027 | $69.7亿 | +3.7% | $7.00 | +5.3% | 31.1× | 5 |
| FY2028 | $72亿 | +3.4% | $7.48 | +6.9% | 29.1× | 5 |
| FY2029 | $79.6亿 | +10.5% | $7.66 | +2.3% | 28.4× | 1 |
| FY2030 | $83.5亿 | +5.0% | $7.65 | -0.1% | 28.5× | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Simon Property Group, Inc.在近期10-Q / 10-K文件中标记的全部194项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts and Financing Receivable, after Allowance for Credit Loss | $8.84亿 | $7.78亿 | +13.7% | $9.34亿 | $7.97亿 | +17.3% |
| Accumulated Amortization, Debt Issuance Costs | $1.48亿2025-12-31 | $1.21亿 | +22.4% | $1.48亿 | $1.21亿 | +22.4% |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | -$2.86亿 | -$2.84亿 | -0.8% | -$2.78亿 | -$2.5亿 | -11.2% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$2.34亿 | -$2.56亿 | +8.8% | -$2.51亿 | -$1.93亿 | -30.2% |
| Additional Paid in Capital | $124亿 | $116亿 | +6.9% | $123亿 | $116亿 | +6.6% |
| Amortization of Debt Discount (Premium) | – | – | – | $896万 | $583万 | +53.7% |
| Amortization of Debt Issuance Costs | – | – | – | $3230万 | $3250万 | -0.6% |
| AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax | $5210万 | $2730万 | +90.8% | $2500万 | $5790万 | -56.8% |
| Assets | $397亿 | $333亿 | +19.3% | $406亿 | $324亿 | +25.3% |
| Below Market Lease, Amortization Income, after Year Five | $1.3万2025-12-31 | $12.3万 | -89.4% | $1.3万 | $12.3万 | -89.4% |
| Below Market Lease, Amortization Income, Year Five | $11.5万2025-12-31 | $112万 | -89.7% | $11.5万 | $112万 | -89.7% |
| Below Market Lease, Amortization Income, Year Four | $112万2025-12-31 | $120万 | -6.7% | $112万 | $120万 | -6.7% |
| Below Market Lease, Amortization Income, Year One | $160万2025-12-31 | $229万 | -30.2% | $160万 | $229万 | -30.2% |
| Below Market Lease, Amortization Income, Year Three | $122万2025-12-31 | $124万 | -1.6% | $122万 | $124万 | -1.6% |
| Below Market Lease, Amortization Income, Year Two | $126万2025-12-31 | $154万 | -18.0% | $126万 | $154万 | -18.0% |
| Below Market Lease, Gross | $530万2025-12-31 | $750万 | -29.3% | $530万 | $750万 | -29.3% |
| Below Market Lease, Net | $533万2025-12-31 | $752万 | -29.0% | $533万 | $752万 | -29.0% |
| Cash and Cash Equivalents, at Carrying Value | $10.2亿 | $12.3亿 | -17.2% | $8.23亿 | $14亿 | -41.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $10.2亿 | $12.3亿 | -17.2% | $8.23亿 | $14亿 | -41.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | $4.76亿 | -$1.49亿 | +420.5% | -$5.77亿 | $2.31亿 | -349.5% |
| Common Stock, Capital Shares Reserved for Future Issuance | 6060万2025-12-31 | 5600万 | +8.2% | 6060万 | 5600万 | +8.2% |
| Common Stock, Dividends, Per Share, Cash Paid | $2.25 | $2.10 | +7.1% | $8.55 | $8.10 | +5.6% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $8920万 | $8100万 | +10.1% | $7.23亿 | $3.54亿 | +104.4% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $4.78亿 | $5.2亿 | -8.1% | $45.7亿 | $23.5亿 | +94.4% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $5.67亿 | $6.01亿 | -5.7% | $52.9亿 | $27亿 | +95.7% |
| Cost of Property Repairs and Maintenance | $3270万 | $2620万 | +24.6% | $1.2亿 | $1.05亿 | +14.2% |
| Costs and Expenses | $9.67亿 | $7.54亿 | +28.1% | $31.9亿 | $28.7亿 | +11.1% |
| Debt Instrument, Unamortized Discount | $7320万2025-12-31 | $7940万 | -7.9% | $7320万 | $7940万 | -7.9% |
| Debt Instrument, Unamortized Premium | $107万2025-12-31 | $623万 | -82.9% | $107万 | $623万 | -82.9% |
| Debt Issuance Costs, Gross | $2.66亿2025-12-31 | $2.53亿 | +5.4% | $2.66亿 | $2.53亿 | +5.4% |
| Debt Issuance Costs, Net | $1.18亿2025-12-31 | $1.31亿 | -10.2% | $1.18亿 | $1.31亿 | -10.2% |
| Debt Securities, Available-for-sale | $1.68亿 | $1.09亿 | +53.7% | $1.62亿 | $1.33亿 | +21.2% |
| Deferred Costs and Other Assets | $19.7亿 | $13.4亿 | +47.7% | $19.8亿 | $13.7亿 | +44.6% |
| Deferred Costs, Leasing, Accumulated Amortization | $1.24亿2025-12-31 | $1.67亿 | -25.9% | $1.24亿 | $1.67亿 | -25.9% |
| Deferred Costs, Leasing, Gross | $2.53亿2025-12-31 | $2.49亿 | +1.3% | $2.53亿 | $2.49亿 | +1.3% |
| Deferred Costs, Leasing, Net | $1.29亿2025-12-31 | $8230万 | +56.6% | $1.29亿 | $8230万 | +56.6% |
| Deferred Tax Liabilities, Net | $3.66亿2025-12-31 | $2.18亿 | +68.0% | $3.66亿 | $2.18亿 | +68.0% |
| Depreciation, Depletion and Amortization, Nonproduction | $4.6亿 | $3.39亿 | +35.6% | $14.3亿 | $12.7亿 | +12.7% |
| Development in Process | $8.13亿2025-12-31 | $8.04亿 | +1.2% | $8.13亿 | $8.04亿 | +1.2% |
| Direct Costs of Leased and Rented Property or Equipment | $1.71亿 | $1.4亿 | +22.6% | $5.81亿 | $5.3亿 | +9.7% |
| Distribution Made to Limited Partner, Distributions Paid, Per Unit | – | – | – | $8.55 | $8.10 | +5.6% |
| Dividends Payable | $132万 | $206万 | -35.9% | $272万 | $241万 | +13.0% |
| Earnings Per Share, Basic | $1.49 | $1.70 | -12.4% | $14.17 | $7.26 | +95.2% |
| Earnings Per Share, Diluted | $1.49 | $1.70 | -12.4% | $14.17 | $7.26 | +95.2% |
| Equity Method Investment, Other than Temporary Impairment | – | – | – | $817万2010-12-31 | $4270万 | -80.9% |
| Equity Securities without Readily Determinable Fair Value, Amount | $3.32亿 | $4.34亿 | -23.6% | $3.29亿 | $4.09亿 | -19.5% |
| Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Annual Amount | – | – | – | $6760万 | $700万 | +865.7% |
| Equity Securities, FV-NI | $3840万 | $3440万 | +11.6% | $3370万 | $8990万 | -62.5% |
| Federal Income Tax Expense (Benefit), Continuing Operations | – | – | – | -$167万 | -$1430万 | +88.3% |
| Fixtures and Equipment, Gross | $6.44亿2025-12-31 | $5.3亿 | +21.3% | $6.44亿 | $5.3亿 | +21.3% |
| Foreign Income Tax Expense (Benefit), Continuing Operations | – | – | – | $1900万 | $2160万 | -12.1% |
| Gain (Loss) on Derivative Used in Net Investment Hedge, after Tax | $8940万 | -$3.21亿 | +127.9% | -$2.4亿 | $1.19亿 | -301.5% |
| General and Administrative Expense | $1200万 | $1430万 | -16.0% | $6090万 | $4470万 | +36.1% |
| Goodwill | $2010万2025-12-31 | $2010万 | 0.0% | $2010万 | $2010万 | 0.0% |
| Impairment of Real Estate | $870万 | – | – | – | – | – |
| Income (Loss) from Equity Method Investments | $1.19亿 | $1.23亿 | -3.1% | $5.04亿 | $2.07亿 | +143.1% |
| Income Tax Expense (Benefit) | – | – | – | $2030万 | $931万 | +117.9% |
| Income Taxes Paid, Net | – | – | – | $2910万 | $1.19亿 | -75.6% |
| IncomeTaxPaidFederalAfterRefundReceived | – | – | – | -$17.4万 | $7440万 | -100.2% |
| IncomeTaxPaidStateAndLocalAfterRefundReceived | – | – | – | -$523万 | $1480万 | -135.3% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 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
数据截至 2026-11-01