Simon Property Group, Inc. (SPG) — Free Cash Flow Yield
Real Estate
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries. We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. At December 31, 2024, we owned or had an interest in 229 properties comprising 183 million square feet in North America, Asia and Europe. We also owned an 88% interest in The Taubman Realty Group, or TRG, which owns 22 regional, super-regional, and outlet malls in the U.S. and Asia. Additionally, at December 31, 2024, we had a 22.4% ownership interest in Klepierre, a publicly traded, Paris-based real estate company, which owns shopping centers in 14 European countries. Simon Property Group, Inc. was incorporated in 1960 and is based in Indianapolis, Indiana.
| Metric | Value |
|---|---|
| FCF Yield | 3.8% |
| Real Estate Sector Avg FCF Yield | 3.7% |
| Annual Free Cash Flow | $3.2B |
| Market Cap | $83.4B |
| P/E Ratio | 62.0x |
Simon Property Group, Inc.'s FCF yield of 3.8% is above the Real Estate sector average (3.7%).
Frequently Asked Questions
What is Simon Property Group, Inc.'s (SPG) free cash flow yield?
Simon Property Group, Inc.'s (SPG) free cash flow yield is 3.8%. That is above the Real Estate sector average (3.7%).
Is SPG's free cash flow yield good?
At 3.8%, SPG's free cash flow yield is considered weak — yields above 10% are generally excellent, 7–10% good, 4–7% fair, and below 4% weak, though context varies by sector and growth stage.
How much free cash flow does Simon Property Group, Inc. generate?
Simon Property Group, Inc. generated $3.2B in free cash flow, against a market cap of $83.4B.
How is free cash flow yield calculated?
Free cash flow yield = (Free Cash Flow ÷ Market Capitalization) × 100%. Free cash flow equals operating cash flow minus capital expenditures.
Data from public filings. Not investment advice. Calculate your own FCF yield →