Simon Property Group Inc (SPG) stock analysis
Simon Property Group Inc (SPG) clears 3 of this site's 8 mechanical value filters, 6 of 8 Buffett-style checks and 2 of 5 Lynch-style checks. A free-cash-flow DCF does not fit real estate companies, so no margin of safety is shown. Figures are as of October 23, 2026, from SEC filings and market data refreshed weekly; this is educational analysis, not investment advice.
Data as of October 23, 2026. Refreshed weekly from SEC filings and market data.
What does Simon Property Group do?
Simon Property Group is the largest US owner of shopping malls and outlet centers. It is a REIT that earns rent from retail tenants.
Brands and businesses it owns
- Simon Malls
- Premium Outlets
- The Mills
What stands out about Simon Property Group?
- Misses 3 of the 8 value filters. It fails Price/Book < 8 (15.43), Price/Sales < 7 (9.86) and EPS Growth YoY > -5% (-12.4%); the other 3 pass and 2 were not evaluated. See every filter.
- Strongest against peers: return on equity. At 110% (peer median 8%) it ranks 1st of 30 among real estate stocks this site tracks. See the ranking.
- Insiders have been buying. 11 open-market purchases were reported in SEC Form 4 filings in the last 90 days, about $51.3 million in all. See the Insider Buying Tracker.
- Dividend raises 1 of 6 flags. Its trailing yield is 4.19%. See the Sustainable Dividend Screener.
How has Simon Property Group's share price moved?
The interactive price chart needs JavaScript.
Is Simon Property Group undervalued? The value diligence check
Every value-investing signal this site computes for this stock, gathered in one place: the same real numbers from the tools below, not a new score.
- Margin of safety (DCF) n/a (Real Estate)
- P/E vs. its own history 14.8x · near the cheap end Real range: 13.1x–23.7x over 5 years (net income per diluted share from each fiscal year's 10-K, paired with the real closing price at that fiscal year-end).
- Wall St. analyst rating Buy · 3.58/5 24 analysts this month: 5 strong buy, 4 buy, 15 hold, 0 sell, 0 strong sell (Finnhub). Down from 3.62 last month.
- Altman Z″-Score (bankruptcy risk) n/a (Real Estate)
- Earnings quality (is the profit real?) n/a (bank, insurer or REIT)
- Shareholder yield (cash back to owners) 0.3% gross Latest fiscal year (2025): dividends 0.0% + buybacks 0.3%. Stock comp is not reported in its filings, so no net figure. Over 14 years its split-adjusted share count rose 6%. See Shareholder Yield Leaders.
- Capital needed to grow (See's test) n/a (bank, insurer, lender or REIT)
- PEG (growth at a reasonable price) 0.47† · Well under fair P/E 14.8× ÷ 31.5% a year of growth behind it (5-year EPS growth: Finnhub reported no PEG, so this one is estimated). 37th lowest of 447 stocks with a usable PEG. Lynch's fair value is a PEG of 1; a very high PEG usually means almost no growth, a very low one a profit spike. See PEG Ratio Ranking.
- Compounder lenses (4) 1 of 4 · misses capital-light (n/a), real profit (n/a), cash back (n/a) Capital-light growth: cannot be measured (bank, insurer, lender or REIT); Profit is real: cannot be measured (bank, insurer or REIT); Cash to owners: cannot be measured (stock comp not reported); Fair price (PEG): cleared. See Compounders at a Fair Price, which also lets you move the PEG bar.
- Munger's Inversion Check 1 flag
- Standing vs. sector peers 4 of 4 measures above the median Compared with the 29 other real estate stocks this site tracks: 3 in the top third, 0 in the bottom third.
- Dividend payout sustainability 1/6 flags
How does Simon Property Group compare with its peers?
4 of 4 measures sit above the median of the 29 other real estate stocks tracked here, 3 in the top third.
- P/E ratiolower is cheaper · peer median 31.5× 14.8× ✓2nd of 29
- Return on equityhigher is better · peer median 8% 110% ✓1st of 30
- Net marginhigher is better · peer median 20.9% 66.6% ✓2nd of 30
- Dividend yieldamong dividend payers · peer median 4.08% 4.19% –13th of 28
Peers are the stocks this site tracks in the same sector group, not every listed competitor. The bar runs from the weakest peer (left) to the strongest (right); the tick is the middle. Measures that don't apply to a sector (cash-flow yield for banks, debt for financials) are left out.
What would Buffett & Lynch say?
Buffett's checklist is built around durable, profitable businesses bought at sensible prices, and SPG doesn't clear enough of it yet. In its favor: SPG is currently earning a strong return on shareholders' equity, and has kept that profitability up over five years, not just this year, converts sales into profit at healthy margins, has grown earnings per share at a solid clip over five years, earns many times its interest expense, so debt service isn't a worry, and trades at a reasonable multiple of owner earnings, his own term for the real cash a business could pay out. Where it comes up short: SPG carries more debt relative to equity than he typically tolerates, and is trading above what a conservative discounted-cash-flow estimate says it's worth right now.
- ROE (TTM) > 11% ✓
- ROE (5yr avg) > 11% ✓
- Debt/Equity < 0.5 ✕
- Pretax margin > 15% ✓
- EPS growth (5yr) > 7% ✓
- Interest coverage > 5x ✓
- Trading below intrinsic value (DCF) ✕
- Price vs. owner earnings < 25x ✓
- Bonus: returning capital via buybacks FY2025
Lynch looked for growth stories that weren't overpriced for that growth, and SPG falls short of his bar. In its favor: SPG isn't asking too much even by a fast grower's usual richer multiple, and is generating real cash to back up a fast grower's higher price tag. Where it comes up short: SPG doesn't clear the tighter PEG bar a fast grower needs to justify its pace, is growing earnings outside the 20-50% band he considered sustainable for a fast grower - either not fast enough to earn the label, or a pace he'd flag as unlikely to hold up, and is leaning on more debt than he liked a growth story to carry.
- PEG < 1 (stricter for fast growers) ✕
- EPS growth 20%-50% ✕
- Debt/Equity < 0.5 ✕
- P/E < 40 ✓
- Price/FCF < 40 ✓
- Bonus: insiders buying (90d) 11 buys, ~$51.3M
Quantitative approximations of each investor's documented approach, not endorsed by either investor or their estates - commentary, not this site's actual ranking criteria. Buffett never published a numeric checklist: only 2 of his 8 checks here trace to his own documented concepts ("owner earnings," from his 1986 shareholder letter, and "price is what you pay, value is what you get," his case against fixed P/E/P/B ceilings) - the other 6 (ROE, debt, margins, growth, interest coverage) use commonly-cited thresholds that are not numbers he himself published. The 8 hard filters below (plus the Munger check and Graham margin of safety) are this site's real, mechanical screen and are computed completely independently of the checklists above.
Berkshire Hathaway's own filing
Which of the 8 value filters does Simon Property Group pass?
- Market Cap > $25B $68.4B
- Trailing P/E < 25 14.81
- PEG Ratio < 1.5 0.47 †
- Price/Book < 8 15.43
- Price/Sales < 7 9.86
- EPS Growth YoY > -5% -12.4%
- vs 50-day MA (±12%) Not evaluated †
- vs 200-day MA (±12%) Not evaluated †
What is Simon Property Group's margin of safety?
A standard free-cash-flow DCF doesn't fit how real estate companies report cash flow.
Where is Simon Property Group in its 52-week range?
What is the short interest in Simon Property Group?
9,995,023 shares short as of 2026-09-30 (FINRA settlement date). Reported twice a month, so this only changes roughly every two weeks, not daily.
What could go wrong with Simon Property Group? Munger's inversion check
"Invert, always invert." Instead of reasons to buy, these are reasons to hesitate, not a verdict, and not everything worth knowing about a business.
- Margin of safety, even in the bull case n/a (Real Estate)
- Short interest under 5% of float 3.1%
- Passes most of the 6 fundamental filters 3/6 passed
Doesn't cover circle of competence, management quality, or accounting concerns: those need judgment, not data.
How much have Simon Property Group shareholders gained per year?
Earnings growth per share plus dividend.
An earnings-based proxy, not a stock-price total return - it doesn't capture multiple expansion/contraction or reinvested dividends. EPS from SPG's own 10-K filings; dividend yield is the current trailing yield on today's price, from the same weekly fetch as the rest of this site.
What do Simon Property Group's 10-year financials show?
From SPG's own 10-K filings (SEC EDGAR): up to the last 10 fiscal years. Press any year's bars for the exact figures.
Frequently asked questions about Simon Property Group
What kind of company is Simon Property Group?
Simon Property Group is the largest US owner of shopping malls and outlet centers. It is a REIT that earns rent from retail tenants. Brands and businesses it owns include Simon Malls, Premium Outlets and The Mills. This site groups it with Real Estate stocks.
Why does Simon Property Group have no margin of safety on this site?
This site's DCF values a company from its free cash flow, and that does not fit real-estate companies, which are valued on property income rather than on free cash flow. So SPG gets no margin of safety; judge it on the other checks on this page, such as its filters, shareholder yield and ranking against its peers. The method is in the Intrinsic Value Calculator.
How many of this site's 8 value filters does Simon Property Group pass?
SPG passes 3 of 8. It passes Market Cap > $25B ($68.4B), Trailing P/E < 25 (14.81) and PEG Ratio < 1.5 (0.47). It misses Price/Book < 8 (15.43), Price/Sales < 7 (9.86) and EPS Growth YoY > -5% (-12.4%). vs 50-day MA (±12%) and vs 200-day MA (±12%) were not evaluated, because the moving-average checks only run on stocks that clear the fundamentals first. The 8-filter list shows every stock that passes all of them.
How much cash does Simon Property Group return to shareholders?
SPG's gross shareholder yield is 0.3%: the cash it returns through dividends and buybacks as a share of its market value. Latest fiscal year (2025): dividends 0.0% + buybacks 0.3%. Stock comp is not reported in its filings, so no net figure. Over 14 years its split-adjusted share count rose 6%. Its trailing dividend yield is 4.19%, paid out of 88% of its free cash flow; the dividend-sustainability check raises 1 of 6 flags (high leverage). See Shareholder Yield Leaders and the Sustainable Dividend Screener.
Are Simon Property Group's insiders buying its shares?
Yes: 11 open-market insider purchases of Simon Property Group shares, worth about $51.3 million in total, were reported in SEC Form 4 filings in the 90 days up to this page's last update. Only open-market purchases count here, not option exercises or stock awards. See the Insider Buying Tracker.
When does Simon Property Group report earnings next?
Simon Property Group's next earnings report is expected on November 5, 2026, with analysts expecting earnings of $1.72 per share. Dates come from the Finnhub earnings calendar and can move. In its last 4 quarters it beat the estimate 1 time, by an average of −20.6%.
Where do these numbers come from?
- Financial statements: Simon Property Group's 10-K annual report for the year ended Dec 31, 2025, filed Feb 25, 2026 (filing index). Every earlier year in the 10-year financials comes from the company's older 10-K filings, all listed on SEC EDGAR.
- Prices and market data: quotes, P/E and analyst ratings from Finnhub; daily price history and the 52-week range from Twelve Data, both refreshed weekly. Short interest comes from FINRA, reported twice a month.
- How to check a figure: click any number in the card above to see its exact source, and read the Editorial Standards for every rule behind the checks.
About this Simon Property Group Inc analysis
This page shows every value-investing check the site runs on Simon Property Group Inc (SPG) in one place: the 8 mechanical filters, the Buffett and Lynch checklists, a margin of safety from a disclosed DCF, earnings quality, shareholder yield and how it ranks against its sector peers. The numbers come from SEC filings and public market data, refreshed weekly, and the same rules apply to every stock on the stock list. See Editorial Standards for the sources and the rules, or run your own filters in the stock screener.