Revenue by quarter
US$ · last 8| Quarter | Revenue | Net income | EPS |
|---|---|---|---|
| Q2 FY2026 | $1.8B | $483.1M | 1.49 |
| Q1 FY2026 | $1.8B | $479.6M | 1.48 |
| Q4 FY2025 | $1.8B | $3.0B | 9.35 |
| Q3 FY2025 | $1.6B | $606.2M | 1.86 |
Newest filings
All 630| Form | Filed | |
|---|---|---|
| 10-Q | 10 Aug 2026 | |
| 8-K | 10 Aug 2026 | |
| 11-K | 17 Jun 2026 | |
| 8-K/A | 15 May 2026 | |
| 8-K/A | 15 May 2026 | |
| 8-K | 15 May 2026 | |
| 8-K | 11 May 2026 | |
| 10-Q | 11 May 2026 |
Description
- Ticker
- SPG-US
- Exchange
- NYSE
- Index
- S&P 500
- Industry
- Real Estate Investment Trusts
- SIC division
- Finance, insurance and real estate
- CIK
- 0001063761
- LEI
- 529900GQL5X8H7AO3T64
- FIGI
- BBG000BJ2D31
- Share class FIGI
- BBG001S77WM9
- Fiscal year ends
- Dec
- Filings held
- 630 since 1998
- 8-K events
- 207
- Shares short
- 10.0M, 30 Sep 2026
Financial statements
The income statement, balance sheet and cash flow by year and by quarter, line by line as the company reports them. Each column names the filing it comes from.
| Fiscal period | FY2007 | FY2008 | FY2009 | FY2010 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period ending | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Filed | 25 Feb 2010 | 25 Feb 2011 | 28 Feb 2012 | 28 Feb 2013 | 27 Feb 2014 | 27 Feb 2015 | 26 Feb 2016 | 24 Feb 2017 | 23 Feb 2018 | 22 Feb 2019 | 21 Feb 2020 | 25 Feb 2021 | 24 Feb 2022 | 23 Feb 2023 | 22 Feb 2024 | 21 Feb 2025 | 25 Feb 2026 | 25 Feb 2026 | 25 Feb 2026 |
| +Lease income | – | – | – | – | – | – | – | – | – | – | – | – | 5,244M | 4,302M | 4,737M | 4,905M | 5,164M | 5,390M | 5,839M |
| Lease income | – | – | 2,317M | 2,430M | 2,665M | 2,594Mr | 2,776Mr | 2,962M | 3,142M | 3,359M | 5,109Mr | 5,158Mr | 5,244M | – | – | – | – | – | – |
| +Management fees and other revenues | 114M | 133M | 124M | 121M | 128M | 128M | 127M | 138M | 159M | 144M | 121M | 116M | 113M | 97M | 107M | 117M | 126M | 133M | 144M |
| +Other income | 249M | 193M | 187M | 213M | 196M | 189Mr | 168Mr | 201M | 326M | 277M | 297M | 371M | 399M | 208M | 274M | 269M | 369M | 441M | 381M |
| Total revenue | 3,651M | 3,783M | 3,775M | 3,958M | 4,306M | 4,256Mr | 4,544Mr | 4,871M | 5,266M | 5,435M | 5,527Mr | 5,645Mr | 5,755M | 4,608M | 5,117M | 5,291M | 5,659M | 5,964M | 6,365M |
| +Property operating | 455M | 456M | 426M | 414M | 437M | 364Mr | 371Mr | 399M | 426M | 432M | 443M | 451M | 453M | 349M | 416M | 464M | 489M | 530M | 581M |
| +Depreciation and amortization | 906M | 970M | 998M | 983M | 1,066M | 1,068Mr | 1,108Mr | 1,144M | 1,178M | 1,253M | 1,276M | 1,283M | 1,341M | 1,318M | 1,263M | 1,227M | 1,262M | 1,265M | 1,426M |
| +Real estate taxes | 313M | 335M | 334M | 346M | 370M | 343Mr | 369Mr | 384M | 433M | 439M | 440M | 458M | 468M | 457M | 459M | 443M | 442M | 409M | 451M |
| +Repairs and maintenance | 120M | 108M | 92M | 102M | 114M | 94Mr | 98Mr | 100M | 101M | 100M | 97M | 100M | 101M | 81M | 96M | 94M | 97M | 105M | 120M |
| +Advertising and promotion | 94M | 97M | 94M | 97M | 107M | 110Mr | 118Mr | 137M | 135M | 143M | 151M | 151M | 150M | 99M | 114M | 108M | 127M | 145M | 156M |
| +Home and regional office costs | 137M | 145M | 110M | 109M | 129M | 124M | 141M | 159M | 155M | 158M | 135M | 137M | 190M | 172M | 185M | 185M | 208M | 223M | 252M |
| +General and administrative | 20M | 21M | 18M | 21M | 46M | 57M | 60M | 60M | 60M | 65M | 52M | 47M | 35M | 23M | 30M | 35M | 39M | 45M | 61M |
| +Other | 63M | 69M | 72M | 65Mr | 89Mr | 86Mr | 84Mr | 92M | 103M | 117M | 132M | 94Mr | 105Mr | 138M | 141M | 152M | 188M | 150M | 142M |
| −Total operating expenses | 2,117M | 2,240M | 2,369M | 2,211Mr | 2,363Mr | 2,250Mr | 2,355Mr | 2,486M | 2,597M | 2,714M | 2,725Mr | 2,719Mr | 2,842Mr | 2,636M | 2,704M | 2,708M | 2,852M | 2,871M | 3,189M |
| OPERATING INCOME BEFORE OTHER ITEMS | 1,534M | 1,543M | 1,407M | 1,747Mr | 1,943Mr | 2,006Mr | 2,189Mr | 2,385M | 2,669M | 2,721M | 2,802M | 2,926Mr | 2,913Mr | 1,972M | 2,413M | 2,584M | 2,807M | 3,093M | 3,175M |
| % of total revenue | 42.0% | 40.8% | 37.3% | 44.1% | 45.1% | 47.1% | 48.2% | 49.0% | 50.7% | 50.1% | 50.7% | 51.8% | 50.6% | 42.8% | 47.2% | 48.8% | 49.6% | 51.9% | 49.9% |
| −Interest expense | 946M | 947M | 992M | 1,027M | 984M | 1,068Mr | 1,082Mr | 993M | 924M | 858M | 809M | 816M | 789M | 784M | 796M | 761M | 855M | 906M | 975M |
| Loss on extinguishment of debt | – | -20M | – | -351M | – | – | – | -128M | -121M | -137M | -129M | – | -116M | – | -52M | – | – | – | – |
| +gain due to disposal, exchange, or revaluation of equity interests, net | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 179M | 121M | 362M | 451M | -86M |
| −Income and other tax expense | – | – | – | – | – | – | – | 28M | 20M | 30M | 23M | 37M | 30M | -4.6M | 157M | 84M | 82M | 23M | 36M |
| +Income from unconsolidated entities | 38M | 32M | 40M | 76M | 81M | 131Mr | 206Mr | 227M | 285M | 353M | 400M | 475M | 444M | 220M | 783M | 648M | 376M | 207M | 504M |
| +Unrealized gains in fair value of publicly traded equity instruments and derivative instrument, net | – | – | – | – | – | – | – | – | – | – | – | -15M | -13Mr | -20M | -8.1M | -61M | 12M | -17M | – |
| Gain on sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net | – | – | – | – | – | – | – | – | – | 85M | 3.6M | 289M | 15M | – | – | – | – | – | – |
| +Unrealized gains in fair value of publicly traded equity instruments and derivative instrument, net | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 12M | -17M | -106M |
| +Gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net | – | – | – | – | – | – | – | – | – | – | – | 289M | 15M | -115M | 207M | 5.6M | -3.1M | -76M | 2,888M |
| CONSOLIDATED NET INCOME | 639M | 600M | 387M | 754M | 1,246M | 1,720M | 1,552M | 1,652M | 2,139M | 2,135M | 2,245M | 2,822M | 2,423M | 1,277M | 2,569M | 2,452M | 2,617M | 2,729M | 5,364M |
| −Net income attributable to noncontrolling interests | 148M | 136M | 78M | 137M | 221M | 285M | 232M | 243M | 312M | 296M | 297M | 382M | 322M | 165M | 319M | 313M | 334M | 358M | 737M |
| −Preferred dividends | 55M | 41M | 26M | 6.6M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | 436M | 423M | 283M | 610M | 1,022M | 1,431M | 1,316M | 1,405M | 1,824M | 1,836M | 1,945M | 2,437M | 2,098M | 1,109M | 2,246M | 2,136M | 2,280M | 2,368M | 4,624M |
| % of total revenue | 11.9% | 11.2% | 7.5% | 15.4% | 23.7% | 33.6% | 29.0% | 28.9% | 34.6% | 33.8% | 35.2% | 43.2% | 36.5% | 24.1% | 43.9% | 40.4% | 40.3% | 39.7% | 72.7% |
| Net income attributable to common stockholders | – | – | – | – | – | 4.72 | 4.24 | 4.52 | 5.88 | 5.87 | 6.24 | 7.87 | 6.81 | 3.59 | – | – | – | – | – |
| Net income attributable to common stockholders - basic | 1.96 | 1.88 | 1.06 | 2.10 | 3.48 | 4.72 | 4.24 | – | – | – | – | – | 6.81 | 3.59 | 6.84 | 6.52 | 6.98 | 7.26 | 14.17 |
| Net income attributable to common stockholders - diluted | 1.95 | 1.87 | 1.05 | 2.10 | 3.48 | 4.72 | 4.24 | – | – | – | – | – | – | – | 6.84 | 6.52 | 6.98 | 7.26 | 14.17 |
| +Unrealized gain on derivative hedge agreements | -11M | -51M | -28Mr | -3.5Mr | -92M | 17M | 7.1M | 5.2M | 17M | 40M | -35M | 22M | -4.1M | -107M | 51M | 55M | 18M | 17M | -31M |
| −Net loss reclassified from accumulated other comprehensive loss into earnings | – | – | – | – | -16M | -21M | -9.2M | -11M | 69M | -150M | 12M | -7M | -14M | 0.1M | 7.3M | 1.6M | 4.1M | 5.6M | -9.7M |
| +Currency translation adjustments | 6.3M | -7M | -8.2M | -21M | -8.5M | 9.2M | 2.9M | -102M | -160M | -29M | 46M | -47M | -1.8M | 27M | -39M | -28M | -27M | -34M | -53M |
| +Changes in available-for-sale securities and other | 2M | -169M | 225M | 20M | -37M | -39M | -1.5M | 103M | -11M | 3.2M | 5.7M | 0.4M | 0.7M | 0.2M | -1M | -2M | 2.3M | -0.9M | 3.1M |
| Comprehensive income | 638M | 370M | 591M | 765M | 1,124M | 1,727M | 1,569M | 1,669M | 1,916M | 2,298M | 2,249M | 2,804M | 2,432M | 1,198M | 2,573M | 2,476M | 2,607M | 2,705M | 5,293M |
| −Comprehensive income attributable to noncontrolling interests | 148M | 89M | 119M | 139M | 200M | 289M | 235M | 245M | 280M | 321M | 298M | 380M | 323M | 156M | 320M | 316M | 332M | 354M | 724M |
| Comprehensive income attributable to common stockholders | 490M | 281M | 471M | 627M | 924M | 1,438M | 1,335M | 1,423M | 1,636M | 1,978M | 1,952M | 2,425M | 2,109M | 1,043M | 2,253M | 2,160M | 2,275M | 2,351M | 4,569M |
Hover a figure for its source.r restated in a later filing– not reported in that period
Lines in the order and wording of the 10-K filed 25 Feb 2026. 271 of 274 subtotals add up to the company's own totals, and the balance sheet balances in 87 of 87 periods. Newest filing read: 10 Aug 2026.
Free for personal research, with credit (Data by Shikshan Nivesh) and a link. API access, bulk files and commercial use need a licence: the data licence.
Charts
Any figure or ratio in the record, by year, by quarter or on a trailing twelve months, as a value or as growth, against a peer if you like. Hover for the figures.
Revenue · quarterly · US$
Latest Jun 2026: $1.79B
Revenue = rev
Method. Each month-end, the trailing-twelve-month diluted EPS known that month (from filings filed by then) at the 10th, 50th and 90th percentile of this stock's own month-end P/E from 2011-05 to 2026-10. Months with the figure at or below zero are left out. A summary of the multiples the stock has traded at, not a value.
Ratios
Every ratio, worked out the same way for every company, by year or on a trailing twelve months. Hover a ratio for its formula.
| Fiscal year ending | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on common equity | – | – | 8.0% | 13.1% | 21.5% | 27.1% | 22.4% | 25.7% | 38.1% | 41.8% | 48.6% | 69.8% | 72.1% | 39.9% | 70.2% | 65.7% | 74.0% | 79.4% | 113.5% |
| Return on assets | – | – | 1.1% | 2.4% | 4.0% | 4.9% | 4.0% | 4.5% | 6.1% | 6.0% | 6.1% | 7.7% | 6.8% | 3.4% | 6.6% | 6.4% | 6.8% | 7.1% | 12.7% |
| Return on capital | – | – | 31.4% | 29.7% | 32.4% | 30.0% | 29.4% | 34.4% | 13.2% | 7.9% | 8.0% | 8.4% | 8.6% | 5.5% | 6.5% | 7.2% | 7.8% | 8.7% | 8.2% |
| Return on invested capital | – | – | 95.0% | 60.9% | 38.9% | 37.0% | 38.9% | 43.6% | 13.7% | 8.1% | 8.3% | 8.7% | 8.8% | 5.7% | 6.7% | 7.3% | 8.0% | 9.1% | 8.6% |
| Operating margin | 42.0% | 40.8% | 37.3% | 44.1% | 45.1% | 47.1% | 48.2% | 49.0% | 50.7% | 50.1% | 50.7% | 51.8% | 50.5% | 42.8% | 47.2% | 48.8% | 49.6% | 51.9% | 49.9% |
| Incremental operating margin | – | 6.8% | 1717.5% | 186.5% | 56.3% | −125.5% | 63.4% | 60.2% | 71.7% | 30.7% | 88.5% | 105.1% | −16.8% | 81.6% | 86.7% | 97.5% | 60.8% | 93.7% | 20.6% |
| Profit margin | 11.9% | 11.2% | 7.5% | 15.4% | 23.7% | 33.6% | 29.0% | 28.9% | 34.6% | 33.8% | 35.2% | 43.2% | 36.5% | 24.1% | 43.9% | 40.4% | 40.3% | 39.7% | 72.7% |
| Net income to common margin | 11.9% | 11.2% | 7.5% | 15.4% | 23.7% | 33.6% | 29.0% | 28.9% | 34.6% | 33.8% | 35.2% | 43.2% | 36.5% | 24.1% | 43.9% | 40.4% | 40.3% | 39.7% | 72.7% |
| Dividend payout ratio | 184.4% | 201.8% | 52.5% | 125.1% | 100.9% | 87.0% | 109.9% | 114.1% | 103.0% | 111.0% | 114.7% | 100.5% | – | – | – | – | – | – | – |
| Sustainable growth rate | – | – | 3.8% | −3.3% | −0.2% | 3.5% | −2.2% | −3.6% | −1.1% | −4.6% | −7.2% | −0.4% | – | – | – | – | – | – | – |
What the company said with its results
The key points, guidance and management's own words from each of the last four results releases.
Key points
Real Estate FFO per share up 7.9%
Real Estate FFO was $1.249 billion, or $3.29 per diluted share, up 7.9%. Six-month Real Estate FFO was $6.46 per diluted share, up 7.5%.
Net income per share fell year over year
Net income attributable to common stockholders was $483.1 million, or $1.49 per diluted share, against $1.70 a year earlier. The 2025 quarter included a $0.21 per share non-cash gain.
FFO comparison includes prior-year gain
FFO was $1.185 billion, or $3.12 per diluted share, against $3.15 a year earlier, a figure that includes the prior-year $0.21 non-cash gain.
Six-month net income flat per share
Six-month net income attributable to common stockholders was $962.7 million, or $2.97 per diluted share, the same per-share amount as in the prior year.
Domestic NOI up 8.5% in quarter
Domestic property NOI rose 8.5% and portfolio NOI rose 8.3% for the quarter. For the six months, domestic property NOI rose 7.6% and portfolio NOI rose 7.5%.
International property NOI increased
International properties NOI at constant currency was $96.0 million for the quarter, against $91.3 million. Six-month international NOI was $187.4 million.
Klépierre and platform NOI lower
Klépierre NOI at constant currency was $61.5 million, against $63.0 million. Other platform investments NOI was $31.8 million, against $41.7 million.
Portfolio footprint at June 30
The company owned or had interests in 254 properties totaling 206 million square feet, and held a 20.7% ownership interest in Klépierre.
Occupancy flat at 96.0%
Occupancy for U.S. Malls and Premium Outlets was 96.0%, unchanged from a year earlier. The Mills occupancy was 98.8%, against 99.3% a year earlier.
Base rent per foot up 6.3%
Base minimum rent per square foot was $62.42, up 6.3%, with consolidated assets at $60.14 and unconsolidated assets at $68.95. The Mills rent was $42.28.
Retailer sales per foot up 13.9%
Reported retailer sales were $838 per square foot for the twelve months to June 30, 2026, against $736 a year earlier.
Inline leases expiring in second half
Inline leases expiring July 1 to December 31, 2026 cover 712 leases and 2,033,479 square feet, at average base minimum rent of $67.81 per square foot.
Accelerated stock compensation in first quarter
Six-month FFO figures include $40.0 million, or $0.10 per share, of accelerated stock compensation recorded in the first quarter of 2026, of which $8.3 million sits in Real Estate FFO.
Variable lease income rose on recoveries
Variable lease income was $310.6 million for the quarter, against $246.7 million a year earlier, and includes reimbursements for real estate taxes, utilities and marketing.
Guidance
- Real Estate FFO per diluted share$13.20 to $13.30full year 2026 · raised from $13.10 to $13.25
- Net income attributable to common stockholders per diluted share$6.47 to $7.47full year 2026 · not stated from $6.61 to $6.76
- Common stock dividend$2.25 per sharethird quarter of 2026 · kept from $2.25 per share
In their words
“We delivered excellent financial and operational results this quarter” Eli Simon, Chief Executive Officer, President and Chief Operating Officer
“Real Estate FFO per share grew 7.9% year-over-year, supported by consistent broad-based leasing demand, accelerated traffic increases, strong retailer sales growth, and the contribution from acquisitions completed over the past year.” Eli Simon, Chief Executive Officer, President and Chief Operating Officer
“Today, we are once again increasing our guidance for full-year 2026 Real Estate FFO per share.” Eli Simon, Chief Executive Officer, President and Chief Operating Officer
Coming up
Third-quarter common dividend payment. Common dividend of $2.25 is payable September 30, 2026, to holders of record on September 9, 2026.
Series J preferred dividend payment. Series J preferred dividend of $1.046875 per share is payable September 30, 2026, to holders of record on September 16, 2026.
Conference call replay available. Audio replay of the second-quarter conference call is available until August 17, 2026.
Revenue by segment
As the company reports it in the segment note of each annual report: by business, by product and by region, latest year.
This company reports no segment split in its annual report.
Company events
Every 8-K, sorted by the event it reports, with the moment the SEC accepted it in New York time.
| 10 Aug 2026 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 15 May 2026 | 8-K/A | Leadership change | 5.02 | |
| 15 May 2026 | 8-K/A | Leadership change | 5.02 | |
| 15 May 2026 | 8-K | Shareholder vote | 5.07 | |
| 11 May 2026 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 24 Mar 2026 | 8-K | Leadership changeInvestor update | 5.02, 7.01, 9.01 | |
| 5 Mar 2026 | 8-K | Material agreementNew debt | 1.01, 2.03, 9.01 | |
| 5 Feb 2026 | 8-K | Other events | 8.01, 9.01 | |
| 5 Feb 2026 | 8-K | Leadership change | 5.02, 9.01 | |
| 2 Feb 2026 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 3 Nov 2025 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 7 Aug 2025 | 8-K | Leadership change | 5.02, 9.01 | |
| 4 Aug 2025 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 15 May 2025 | 8-K | Shareholder voteOther events | 5.07, 8.01, 9.01 | |
| 12 May 2025 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 20 Mar 2025 | 8-K | Leadership change | 5.02, 9.01 | |
| 6 Feb 2025 | 8-K | Leadership change | 5.02, 9.01 | |
| 4 Feb 2025 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 1 Nov 2024 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 19 Sep 2024 | 8-K | Material agreementNew debt | 1.01, 2.03, 9.01 | |
| 30 Aug 2024 | 8-K | Leadership change | 5.02, 9.01 | |
| 5 Aug 2024 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 29 May 2024 | 8-K | Leadership changeOther events | 5.02, 8.01 | |
| 8 May 2024 | 8-K | Shareholder vote | 5.07 | |
| 6 May 2024 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 9 Feb 2024 | 8-K/A | Leadership change | 5.02 | |
| 8 Feb 2024 | 8-K | Other events | 8.01, 9.01 | |
| 5 Feb 2024 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 9 Jan 2024 | 8-K | Leadership change | 5.02, 9.01 | |
| 9 Nov 2023 | 8-K/A | Leadership change | 5.02, 9.01 | |
| 8 Nov 2023 | 8-K | Leadership change | 5.02, 9.01 | |
| 30 Oct 2023 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 2 Aug 2023 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 5 May 2023 | 8-K | Shareholder vote | 5.07 | |
| 2 May 2023 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 23 Mar 2023 | 8-K | Leadership change | 5.02, 9.01 | |
| 15 Mar 2023 | 8-K | Material agreementNew debt | 1.01, 2.03, 9.01 | |
| 6 Feb 2023 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 1 Nov 2022 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 1 Aug 2022 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 12 May 2022 | 8-K | Shareholder vote | 5.07 | |
| 9 May 2022 | 8-K | ResultsInvestor updateOther events | 2.02, 7.01, 8.01, 9.01 | |
| 15 Feb 2022 | 8-K | Leadership change | 5.02 | |
| 7 Feb 2022 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 8 Dec 2021 | 8-K | Leadership change | 5.02, 9.01 | |
| 1 Nov 2021 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 28 Oct 2021 | 8-K | Material agreementNew debt | 1.01, 2.03, 9.01 | |
| 2 Aug 2021 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 | |
| 13 May 2021 | 8-K | Shareholder vote | 5.07 | |
| 10 May 2021 | 8-K | ResultsInvestor update | 2.02, 7.01, 9.01 |
Every filing
The company's filings with the SEC, newest first: 630 held. Insider, fund and large-holder filings have their own tables below.
| 10 Aug 2026 | 10-Q | 30 Jun 2026 | |
| 10 Aug 2026 | 8-K | 10 Aug 2026 | |
| 17 Jun 2026 | 11-K | 31 Dec 2025 | |
| 15 May 2026 | 8-K/A | 22 Mar 2026 | |
| 15 May 2026 | 8-K/A | 5 Feb 2026 | |
| 15 May 2026 | 8-K | 13 May 2026 | |
| 11 May 2026 | 8-K | 11 May 2026 | |
| 11 May 2026 | 10-Q | 31 Mar 2026 | |
| 28 Apr 2026 | DEFA14A | – | |
| 1 Apr 2026 | ARS | 31 Dec 2025 | |
| 1 Apr 2026 | DEFA14A | – | |
| 1 Apr 2026 | DEF 14A | 13 May 2026 | |
| 24 Mar 2026 | 8-K | 22 Mar 2026 | |
| 5 Mar 2026 | 8-K | 5 Mar 2026 | |
| 25 Feb 2026 | 10-K | 31 Dec 2025 | |
| 5 Feb 2026 | 8-K | 5 Feb 2026 | |
| 5 Feb 2026 | 8-K | 5 Feb 2026 | |
| 2 Feb 2026 | 8-K | 2 Feb 2026 | |
| 6 Jan 2026 | POSASR | – | |
| 6 Nov 2025 | 10-Q | 30 Sep 2025 | |
| 3 Nov 2025 | 8-K | 3 Nov 2025 | |
| 7 Aug 2025 | 8-K | 6 Aug 2025 | |
| 7 Aug 2025 | 10-Q | 30 Jun 2025 | |
| 4 Aug 2025 | 8-K | 4 Aug 2025 | |
| 17 Jun 2025 | 11-K | 31 Dec 2024 | |
| 15 May 2025 | 8-K | 14 May 2025 | |
| 12 May 2025 | 10-Q | 31 Mar 2025 | |
| 12 May 2025 | 8-K | 12 May 2025 | |
| 5 May 2025 | DEFA14A | – | |
| 5 May 2025 | DEFA14A | – | |
| 1 Apr 2025 | ARS | 31 Dec 2024 | |
| 1 Apr 2025 | DEFA14A | – | |
| 1 Apr 2025 | DEF 14A | 14 May 2025 | |
| 21 Mar 2025 | PRE 14A | 14 May 2025 | |
| 20 Mar 2025 | 8-K | 20 Mar 2025 | |
| 21 Feb 2025 | 10-K | 31 Dec 2024 | |
| 6 Feb 2025 | 8-K | 4 Feb 2025 | |
| 4 Feb 2025 | 8-K | 4 Feb 2025 | |
| 8 Nov 2024 | 10-Q | 30 Sep 2024 | |
| 1 Nov 2024 | 8-K | 1 Nov 2024 | |
| 19 Sep 2024 | 8-K | 19 Sep 2024 | |
| 30 Aug 2024 | 8-K | 29 Aug 2024 | |
| 7 Aug 2024 | 10-Q | 30 Jun 2024 | |
| 5 Aug 2024 | 8-K | 5 Aug 2024 | |
| 19 Jul 2024 | UPLOAD | – | |
| 13 Jun 2024 | 11-K | 31 Dec 2023 | |
| 5 Jun 2024 | CORRESP | – | |
| 31 May 2024 | UPLOAD | – | |
| 29 May 2024 | 8-K | 29 May 2024 | |
| 8 May 2024 | 8-K | 8 May 2024 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months, with the shares they held after.
| 30 Sep 2026 | Roe PeggyDirector | Plan purchase | 88 | $202.78 | $17.8K | 8,135 | 1 Oct 2026 |
| 30 Sep 2026 | Stewart Marta RDirector | Plan purchase | 199 | $202.78 | $40.4K | 18,199 | 1 Oct 2026 |
| 30 Sep 2026 | Smith Daniel C.Director | Plan purchase | 350 | $202.78 | $71.0K | 34,830 | 1 Oct 2026 |
| 30 Sep 2026 | Selig Stefan MDirector | Plan purchase | 208 | $202.78 | $42.2K | 34,020 | 1 Oct 2026 |
| 30 Sep 2026 | Rodkin Gary MDirector | Plan purchase | 232 | $202.78 | $47.0K | 21,248 | 1 Oct 2026 |
| 30 Sep 2026 | Lewis Randall JDirector | Plan purchase | 65 | $202.78 | $13.2K | 7,083 | 1 Oct 2026 |
| 30 Sep 2026 | Leibowitz Reuben SDirector | Plan purchase | 480 | $202.78 | $97.3K | 56,277 | 1 Oct 2026 |
| 30 Sep 2026 | Jones Nina PDirector | Plan purchase | 46 | $202.78 | $9.3K | 4,229 | 1 Oct 2026 |
| 30 Sep 2026 | Glasscock Larry CDirector | Plan purchase | 367 | $202.78 | $74.4K | 46,269 | 1 Oct 2026 |
| 30 Sep 2026 | Cicco Martin JDirector | Plan purchase | 15 | $202.78 | $3.0K | 1,402 | 1 Oct 2026 |
| 30 Sep 2026 | Aeppel GlynDirector | Plan purchase | 222 | $202.78 | $45.0K | 21,289 | 1 Oct 2026 |
| 30 Jun 2026 | Selig Stefan MDirector | Plan purchase | 187 | $223.14 | $41.7K | 33,779 | 1 Jul 2026 |
| 30 Jun 2026 | Selig Stefan MDirector | Plan purchase | 33 | $224.01 | $7.4K | 33,812 | 1 Jul 2026 |
| 30 Jun 2026 | Roe PeggyDirector | Plan purchase | 80 | $223.14 | $17.9K | 8,038 | 1 Jul 2026 |
| 30 Jun 2026 | Roe PeggyDirector | Plan purchase | 6 | $223.27 | $1.3K | 8,044 | 1 Jul 2026 |
| 30 Jun 2026 | Roe PeggyDirector | Plan purchase | 3 | $223.31 | $670 | 8,047 | 1 Jul 2026 |
| 30 Jun 2026 | Leibowitz Reuben SDirector | Plan purchase | 430 | $223.14 | $96.0K | 55,719 | 1 Jul 2026 |
| 30 Jun 2026 | Leibowitz Reuben SDirector | Plan purchase | 53 | $225.03 | $11.9K | 55,772 | 1 Jul 2026 |
| 30 Jun 2026 | Leibowitz Reuben SDirector | Plan purchase | 25 | $223.94 | $5.6K | 55,797 | 1 Jul 2026 |
| 30 Jun 2026 | Glasscock Larry CDirector | Plan purchase | 330 | $223.14 | $73.6K | 45,835 | 1 Jul 2026 |
| 30 Jun 2026 | Glasscock Larry CDirector | Plan purchase | 54 | $224.92 | $12.1K | 45,889 | 1 Jul 2026 |
| 30 Jun 2026 | Glasscock Larry CDirector | Plan purchase | 13 | $223.10 | $2.9K | 45,902 | 1 Jul 2026 |
| 30 Jun 2026 | Cicco Martin JDirector | Plan purchase | 13 | $223.14 | $2.9K | 1,385 | 1 Jul 2026 |
| 30 Jun 2026 | Cicco Martin JDirector | Plan purchase | 2 | $223.37 | $447 | 1,387 | 1 Jul 2026 |
| 30 Jun 2026 | Stewart Marta RDirector | Plan purchase | 179 | $223.14 | $39.9K | 17,997 | 1 Jul 2026 |
| 30 Jun 2026 | Stewart Marta RDirector | Plan purchase | 1 | $224.10 | $224 | 17,998 | 1 Jul 2026 |
| 30 Jun 2026 | Stewart Marta RDirector | Plan purchase | 2 | $224.07 | $448 | 18,000 | 1 Jul 2026 |
| 30 Jun 2026 | Smith Daniel C.Director | Plan purchase | 314 | $223.14 | $70.1K | 34,422 | 1 Jul 2026 |
| 30 Jun 2026 | Smith Daniel C.Director | Plan purchase | 47 | $224.41 | $10.5K | 34,469 | 1 Jul 2026 |
| 30 Jun 2026 | Smith Daniel C.Director | Plan purchase | 11 | $223.32 | $2.5K | 34,480 | 1 Jul 2026 |
| 30 Jun 2026 | Rodkin Gary MDirector | Plan purchase | 209 | $223.14 | $46.6K | 20,969 | 1 Jul 2026 |
| 30 Jun 2026 | Rodkin Gary MDirector | Plan purchase | 43 | $224.31 | $9.6K | 21,012 | 1 Jul 2026 |
| 30 Jun 2026 | Rodkin Gary MDirector | Plan purchase | 4 | $223.25 | $893 | 21,016 | 1 Jul 2026 |
| 30 Jun 2026 | Lewis Randall JDirector | Plan purchase | 58 | $223.14 | $12.9K | 7,014 | 1 Jul 2026 |
| 30 Jun 2026 | Lewis Randall JDirector | Plan purchase | 4 | $223.51 | $894 | 7,018 | 1 Jul 2026 |
| 30 Jun 2026 | Jones Nina PDirector | Plan purchase | 41 | $223.14 | $9.1K | 4,181 | 1 Jul 2026 |
| 30 Jun 2026 | Jones Nina PDirector | Plan purchase | 2 | $223.49 | $447 | 4,183 | 1 Jul 2026 |
| 30 Jun 2026 | Aeppel GlynDirector | Plan purchase | 199 | $223.14 | $44.4K | 21,023 | 1 Jul 2026 |
| 30 Jun 2026 | Aeppel GlynDirector | Plan purchase | 44 | $224.33 | $9.9K | 21,067 | 1 Jul 2026 |
| 31 Mar 2026 | Stewart Marta RDirector | Plan purchase | 196 | $183.80 | $36.0K | 16,696 | 1 Apr 2026 |
| 31 Mar 2026 | Smith Daniel C.Director | Plan purchase | 355 | $183.80 | $65.2K | 33,035 | 1 Apr 2026 |
| 31 Mar 2026 | Selig Stefan MDirector | Plan purchase | 206 | $183.80 | $37.9K | 32,483 | 1 Apr 2026 |
| 31 Mar 2026 | Roe PeggyDirector | Plan purchase | 81 | $183.80 | $14.9K | 6,885 | 1 Apr 2026 |
| 31 Mar 2026 | Rodkin Gary MDirector | Plan purchase | 232 | $183.80 | $42.6K | 19,687 | 1 Apr 2026 |
| 31 Mar 2026 | Lewis Randall JDirector | Plan purchase | 56 | $183.80 | $10.3K | 5,883 | 1 Apr 2026 |
| 31 Mar 2026 | Jones Nina PDirector | Plan purchase | 36 | $183.80 | $6.6K | 3,067 | 1 Apr 2026 |
| 31 Mar 2026 | Leibowitz Reuben SDirector | Plan purchase | 491 | $183.80 | $90.2K | 54,130 | 1 Apr 2026 |
| 31 Mar 2026 | Glasscock Larry CDirector | Plan purchase | 373 | $183.80 | $68.6K | 44,272 | 1 Apr 2026 |
| 31 Mar 2026 | Aeppel GlynDirector | Plan purchase | 221 | $183.80 | $40.6K | 19,702 | 1 Apr 2026 |
| 25 Feb 2026 | Rulli JohnCHIEF ADMINISTRATIVE OFFICER | Sale outside a trading plan | 10,000 | $200.88 | $2.0M | 35,710 | 26 Feb 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| 25 Feb 2026 | John RulliOfficer | 10,000 | $2.0M | 25 Feb 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| 31 Jul 2026 | Vanguard Portfolio Management | 13G amended | 8.62% | 28.0M |
| 30 Apr 2026 | Vanguard Capital Management | 13G | 7.38% | 24.0M |
| 29 Apr 2026 | Vanguard Portfolio Management | 13G | 7.12% | 23.1M |
| 27 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
Trades by members of the House
From each member's periodic transaction report: the amount is the band the report gives.
| 20 Apr 2026 | Jonathan JacksonIL01 | Purchase | $15,001 - $50,000 | JT | 27 May 2026 |
| 23 Sep 2025 | Valerie HoyleOR04 | Sale | $1,001 - $15,000 | SP | 10 Oct 2025 |
| 3 Apr 2025 | Victoria SpartzIN05 | Purchase | $1,001 - $15,000 | SP | 26 Apr 2025 |
| 31 Mar 2025 | Jefferson ShreveIN06 | Sale | $50,001 - $100,000 | Self | 11 Apr 2025 |
| 27 Mar 2025 | Greg LandsmanOH01 | Sale | $15,001 - $50,000 | JT | 8 Apr 2025 |
| 3 Feb 2025 | Victoria SpartzIN05 | Purchase | $15,001 - $50,000 | SP | 10 Feb 2025 |
| 20 Sep 2024 | Victoria SpartzIN05 | Sale (partial) | $1,000,001 - $5,000,000 | SP | 4 Nov 2024 |
| 26 Aug 2024 | Jonathan JacksonIL01 | Purchase | $15,001 - $50,000 | JT | 20 Sep 2024 |
| 28 Jun 2024 | Victoria SpartzIN05 | Purchase | $50,001 - $100,000 | SP | 25 Jul 2024 |
| 2 Feb 2024 | Victoria SpartzIN05 | Purchase | $50,001 - $100,000 | Self | 15 Feb 2024 |
| 2 Feb 2024 | Victoria SpartzIN05 | Purchase | $1,001 - $15,000 | DC | 15 Feb 2024 |
| 3 Aug 2023 | Victoria SpartzIN05 | Purchase | $15,001 - $50,000 | Self | 22 Aug 2023 |
| 10 Apr 2023 | Daniel GoldmanNY10 | Sale | $15,001 - $50,000 | Self | 19 May 2023 |
| 3 May 2023 | Victoria SpartzIN05 | Purchase | $1,001 - $15,000 | DC | 10 May 2023 |
| 13 Apr 2023 | Victoria SpartzIN05 | Purchase | $15,001 - $50,000 | Self | 30 Apr 2023 |
| 10 Jan 2023 | Victoria SpartzIN05 | Purchase | $15,001 - $50,000 | Self | 12 Jan 2023 |
| 28 Nov 2022 | Victoria SpartzIN05 | Purchase | $15,001 - $50,000 | Self | 21 Dec 2022 |
| 3 Aug 2022 | Kathy ManningNC06 | Sale | $1,001 - $15,000 | JT | 14 Sep 2022 |
| 1 Sep 2022 | Victoria SpartzIN05 | Purchase | $15,001 - $50,000 | Self | 12 Sep 2022 |
| 14 May 2022 | Victoria SpartzIN05 | Purchase | $15,001 - $50,000 | Self | 16 May 2022 |
| 29 Apr 2020 | Gilbert CisnerosCA39 | Purchase | $1,001 - $15,000 | Self | 13 May 2020 |
| 18 Mar 2020 | Gilbert CisnerosCA39 | Sale | $1,001 - $15,000 | Self | 16 Apr 2020 |
| 7 Feb 2020 | Gilbert CisnerosCA39 | Purchase | $1,001 - $15,000 | Self | 10 Mar 2020 |
| 6 Dec 2019 | Gilbert CisnerosCA39 | Sale | $1,001 - $15,000 | Self | 10 Jan 2020 |
Short interest
Shares sold short and not yet bought back, on every FINRA settlement date.
| 30 Sep 2026 | 10.0M | +1.38% | 7.73 |
| 15 Sep 2026 | 9.9M | +3.55% | 8.22 |
| 31 Aug 2026 | 9.5M | +9.11% | 8.49 |
| 14 Aug 2026 | 8.7M | -10.79% | 5.83 |
| 31 Jul 2026 | 9.8M | -4.38% | 7.26 |
| 15 Jul 2026 | 10.2M | -5.7% | 5.61 |
| 30 Jun 2026 | 10.8M | +17.03% | 3.14 |
| 15 Jun 2026 | 9.3M | +5.27% | 4.84 |
| 29 May 2026 | 8.8M | +3.16% | 5.48 |
| 15 May 2026 | 8.5M | +3.44% | 6.15 |
Funds that hold it
Every fund's holding from its latest Form 13F, largest first, with what it added or trimmed in the quarter.
Funds holding
1,462
quarter to 30 Jun 2026
Added or new
639
since 31 Mar 2026
Trimmed
454
in the quarter
Largest holder
BlackRock, Inc.
$8.3B
| BlackRock, Inc. | $8.3B | 37.3M | +455.5K | Added | 0.12% | Filing ↗ |
| Vanguard Portfolio Management LLC | $6.2B | 27.9M | +4.8M | Added | 0.28% | Filing ↗ |
| Vanguard Capital Management LLC | $4.6B | 20.6M | +58.5K | Added | 0.10% | Filing ↗ |
| State Street Corp. | $4.6B | 20.4M | -574.7K | Trimmed | 0.14% | Filing ↗ |
| Geode Capital Management, LLC | $2.5B | 11.3M | +510.2K | Added | 0.14% | Filing ↗ |
| Capital World Investors | $2.4B | 10.5M | +1.5M | Added | 0.28% | Filing ↗ |
| Wellington Management Group LLP | $2.1B | 9.4M | +242.7K | Added | 0.36% | Filing ↗ |
| Bank of America Corp. | $1.8B | 8.2M | -254.6K | Trimmed | 0.12% | Filing ↗ |
| Cohen & Steers, Inc. | $1.3B | 5.9M | -11.4K | Trimmed | 2.08% | Filing ↗ |
| Morgan Stanley | $1.2B | 5.6M | +144.8K | Added | 0.07% | Filing ↗ |
| FMR LLC | $1.2B | 5.6M | +526.3K | Added | 0.05% | Filing ↗ |
| Northern Trust Corp. | $1.1B | 5.1M | +70.8K | Added | 0.13% | Filing ↗ |
| Dimensional Fund Advisors LP | $1.0B | 4.6M | -54.0K | Trimmed | 0.18% | Filing ↗ |
| Charles Schwab Investment Management Inc. | $1.0B | 4.5M | +253.6K | Added | 0.14% | Filing ↗ |
| JPMorgan Chase & Co. | $973.2M | 4.3M | -1.4M | Trimmed | 0.06% | Filing ↗ |
| Norges Bank | $960.2M | 4.3M | – | Held | 0.10% | Filing ↗ |
| Price T Rowe Associates Inc. | $920.3M | 4.1M | +543.5K | Added | 0.09% | Filing ↗ |
| UBS AM, a distinct business unit of UBS Asset Management Americas LLC | $806.2M | 3.6M | +3.6M | Added | 0.15% | Filing ↗ |
| Invesco Ltd. | $792.7M | 3.5M | +302.3K | Added | 0.06% | Filing ↗ |
| Legal & General Group Plc | $784.0M | 3.5M | -183.9K | Trimmed | 0.16% | Filing ↗ |
| Goldman Sachs Group Inc. | $690.6M | 3.1M | -318.8K | Trimmed | 0.07% | Filing ↗ |
| Nuveen, LLC | $640.7M | 2.9M | -7.8K | Trimmed | 0.15% | Filing ↗ |
| Boston Partners | $530.6M | 2.4M | +70.6K | Added | 0.47% | Filing ↗ |
| Deutsche Bank AG | $512.3M | 2.3M | -155.1K | Trimmed | 0.15% | Filing ↗ |
| Canada Pension Plan Investment Board | $489.6M | 2.2M | -18.8K | Trimmed | 0.27% | Filing ↗ |
| Royal Bank of Canada | $467.6M | 2.1M | +401.6K | Added | 0.08% | Filing ↗ |
| Bank of New York Mellon Corp | $464.9M | 2.1M | -581 | Held | 0.08% | Filing ↗ |
| Principal Financial Group Inc. | $461.0M | 2.1M | -533.8K | Trimmed | 0.23% | Filing ↗ |
| Vanguard Fiduciary Trust Co. | $413.5M | 1.8M | +21.8K | Added | 0.09% | Filing ↗ |
| Centersquare Investment Management LLC | $359.3M | 1.6M | +206.3K | Added | 3.07% | Filing ↗ |
| Daiwa Securities Group Inc. | $337.4M | 1.5M | -69.3K | Trimmed | 0.77% | Filing ↗ |
| Sumitomo Mitsui Trust Group, Inc. | $326.1M | 1.5M | -55.2K | Trimmed | 0.19% | Filing ↗ |
| Prudential Financial Inc. | $321.3M | 1.4M | -106.3K | Trimmed | 0.35% | Filing ↗ |
| Smead Capital Management, Inc. | $313.0M | 1.4M | -160.1K | Trimmed | 6.71% | Filing ↗ |
| HSBC Holdings PLC | $312.0M | 1.4M | +113.0K | Added | 0.15% | Filing ↗ |
| UBS Group AG | $308.8M | 1.4M | -66.7K | Trimmed | 0.05% | Filing ↗ |
| Ameriprise Financial Inc. | $304.7M | 1.4M | +3.2K | Added | 0.06% | Filing ↗ |
| Amundi | $298.8M | 1.3M | -654.9K | Trimmed | 0.07% | Filing ↗ |
| Resolution Capital Ltd | $293.0M | 1.3M | -688.4K | Trimmed | 5.39% | Filing ↗ |
| National Pension Service | $273.5M | 1.2M | +9.7K | Added | 0.18% | Filing ↗ |
| Allianz Asset Management GmbH | $263.1M | 1.2M | +270.0K | Added | 0.24% | Filing ↗ |
| Mitsubishi UFJ Asset Management Co., Ltd. | $237.9M | 1.1M | +61.9K | Added | 0.13% | Filing ↗ |
| HighTower Advisors, LLC | $228.5M | 1.0M | -44.6K | Trimmed | 0.22% | Filing ↗ |
| Capital Research Global Investors | $221.3M | 989.5K | +162.7K | Added | 0.03% | Filing ↗ |
| Massachusetts Financial Services Co. | $221.0M | 923.7K | -48.8K | Trimmed | 0.07% | Filing ↗ |
| Duff & Phelps Investment Management Co. | $218.1M | 975.2K | +107.8K | Added | 2.06% | Filing ↗ |
| Russell Investments Group, Ltd. | $214.5M | 958.0K | +26.5K | Added | 0.19% | Filing ↗ |
| Canada LIFE Assurance Co | $212.1M | 948.9K | -654 | Held | 0.34% | Filing ↗ |
| Bank of Montreal | $210.7M | 942.1K | +114.2K | Added | 0.08% | Filing ↗ |
| California Public Employees Retirement System | $207.9M | 929.6K | +356.6K | Added | 0.12% | Filing ↗ |
Executive pay and performance
What the chief executive and the other named officers were paid, as reported and as actually paid, next to the shareholder return and net income, from each proxy's pay-versus-performance table.
| Fiscal year | CEO pay, as reported | CEO pay, actually paid | Other officers, as reported (average) | Other officers, actually paid (average) | Shareholder return, $100 | Peer return, $100 | Net income | real estate FFO per share | Proxy |
|---|---|---|---|---|---|---|---|---|---|
| FY ending 31 Dec 2025 | $11.7M | $31.7M | $4.6M | $8.1M | $283 | $174 | $5.36Bn | 13 | DEF 14A 1 Apr 2026 |
| FY ending 31 Dec 2024 | $61.4M | $81.6M | $8.9M | $13.4M | $251 | $166 | $2.73Bn | 12 | DEF 14A 1 Apr 2026 |
| FY ending 31 Dec 2023 | $15.6M | $22.4M | $3.5M | $5.6M | $198 | $146 | $2.62Bn | 12 | DEF 14A 1 Apr 2026 |
| FY ending 31 Dec 2022 | $35.7M | $30.0M | $5.6M | $3.9M | $153 | $132 | $2.45Bn | 11 | DEF 14A 1 Apr 2026 |
| FY ending 31 Dec 2021 | $10.5M | $24.4M | $2.5M | $5.7M | $196 | $152 | $2.57Bn | 11 | DEF 14A 1 Apr 2026 |
| FY ending 31 Dec 2020 | $9.0M | $2.5M | $2.3M | $1.1M | $61 | $75 | $1.28Bn | 9 | DEF 14A 1 Apr 2025 |
Each year from the newest proxy that reports it. Pay actually paid follows the SEC's definition and can be below zero when share awards fall in value. n the proxy's net income differs from the 10-K or was tagged without its scale: hover for which.
Shareholder votes
The vote count on every proposal at each meeting, from the company's 8-K.
| Proposal | For | Against or withheld | Abstain | Broker non-votes | For, % of for and against | Result |
|---|---|---|---|---|---|---|
| Proposal 1 - Election of Directors The Company’s shareholders elected each of the following directors to serve until the Company’s 2027 annual meeting of shareholders and until their successors have been duly elected and qualified by the following votes: | ||||||
| Glyn F. Aeppel | 241,694,842 | 33,604,264 | 720,535 | 18,859,613 | 87.8% | – |
| Martin J. Cicco | 274,282,526 | 1,007,486 | 729,629 | 18,859,613 | 99.6% | – |
| Larry C. Glasscock | 254,053,957 | 21,231,949 | 733,735 | 18,859,613 | 92.3% | – |
| Nina P. Jones | 273,189,865 | 2,116,230 | 713,546 | 18,859,613 | 99.2% | – |
| Reuben S. Leibowitz | 250,569,867 | 24,703,016 | 746,758 | 18,859,613 | 91.0% | – |
| Randall J. Lewis | 273,152,875 | 2,144,178 | 722,588 | 18,859,613 | 99.2% | – |
| Gary M. Rodkin | 265,125,478 | 10,171,460 | 722,703 | 18,859,613 | 96.3% | – |
| Peggy Fang Roe | 265,527,365 | 9,284,229 | 1,208,047 | 18,859,613 | 96.6% | – |
| Stefan M. Selig | 270,972,868 | 4,303,478 | 743,295 | 18,859,613 | 98.4% | – |
| Daniel C. Smith, Ph.D. | 262,609,402 | 12,667,524 | 742,715 | 18,859,613 | 95.4% | – |
| Marta R. Stewart | 271,694,426 | 3,608,920 | 716,295 | 18,859,613 | 98.7% | – |
| Eli Simon | 8,000 | 0 | 0 | 0 | 100.0% | – |
| Richard S. Sokolov | 8,000 | 0 | 0 | 0 | 100.0% | – |
| Proposal 3 - Ratification of Independent Registered Public Accounting Firm The Company’s shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2026 by the following votes: | ||||||
| All shares voting | 278,241,875 | 16,487,065 | 150,314 | – | 94.4% | – |
Counts as the company reports them in its 8-K. A result shows when the filing states one. Meetings since 2023.
Dividends and buybacks
Dividend per share, the cash paid and the shares bought back, each fiscal year.
| FY2025 | $8.55 | – | $226.8M |
| FY2024 | $8.10 | – | – |
| FY2023 | $7.45 | – | $140.6M |
| FY2022 | $6.90 | – | $180.4M |
| FY2021 | $5.85 | – | – |
| FY2020 | $6.00 | – | $152.6M |
| FY2019 | $8.30 | – | $359.8M |
| FY2018 | $7.90 | $2.4B | $354.1M |
| FY2017 | $7.15 | $2.2B | $407.0M |
| FY2016 | $6.50 | $2.0B | $255.3M |
Peers
Companies in the same industry, largest first, on the same measures.
| Company | Market value | Revenue, 12 months | Revenue growth | Operating margin | Net margin | ROE | P/E | EV/EBITDA |
|---|---|---|---|---|---|---|---|---|
| Simon Property Group Inc.this company | $68.6B | $6.9B | 15.0% | 47.4% | 66.5% | 104.1% | 14.9× | 19.4× |
| Welltower Inc. | $170.6B | $12.8B | 37.6% | -2.4% | 12.1% | 3.3% | 108.8× | 86.5× |
| Prologis, Inc. | $117.9B | $9.2B | 7.3% | 54.7% | 45.8% | 7.8% | 28.1× | 19.6× |
| Equinix Inc. | $94.2B | $9.8B | 9.6% | 21.8% | 15.6% | 10.7% | 61.5× | 26.3× |
| American Tower Corp. | $88.0B | $10.9B | 6.6% | 44.8% | 31.1% | 91.4% | 26.0× | 17.7× |
| Digital Realty Trust, Inc. | $63.8B | $6.8B | 17.4% | 14.6% | 11.8% | 2.9% | 83.7× | 27.0× |
| Public Storage | $54.5B | $4.9B | 3.0% | 39.0% | 41.8% | 22.2% | 29.6× | 20.9× |
| Realty Income Corp. | $53.8B | $6.1B | 10.9% | 20.1% | 20.9% | 3.2% | 41.5× | 22.3× |
| Ventas, Inc. | $44.5B | $6.4B | 21.5% | 3.3% | 4.1% | 1.8% | 160.7× | 33.3× |
| Crown Castle Inc. | $36.6B | – | – | – | – | – | – | – |
| Iron Mountain Inc. | $32.7B | $7.6B | 17.4% | 18.8% | 5.5% | – | 78.5× | 19.9× |
What the company does
Simon Property Group owns, develops and manages shopping, dining, entertainment and mixed-use destinations, mainly malls, Premium Outlets and The Mills. It is an Indiana corporation and a self-administered, self-managed REIT. All the real estate and other assets sit in Simon Property Group, L.P., a majority-owned Indiana partnership, which under its partnership agreement is required to pay all of Simon's expenses.
The portfolio
At the end of 2025 Simon owned or held an interest in 212 income-producing properties in the United States: 108 malls, 70 Premium Outlets, 16 Mills, six lifestyle centres and 12 other retail properties, across 38 states and Puerto Rico. Internationally it held interests in 42 properties, primarily in Asia, Europe and Canada.
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