Simon Property Group Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.36B | $5.96B | $5.66B | $5.29B | $5.12B | $4.61B | $5.76B | $5.66B |
| Minimum rent | — | — | — | — | — | — | — | $3.49B |
| Overage rent | — | — | — | — | — | — | — | $162.2M |
| Tenant reimbursements | — | — | — | — | — | — | — | $1.52B |
| Lease income | $5.84B | $5.39B | $5.16B | $4.91B | $4.74B | $4.30B | $5.24B | — |
| Management fees and other revenues | $144.4M | $133.3M | $126.0M | $116.9M | $106.5M | $96.9M | $112.9M | $116.3M |
| Other income | $380.9M | $440.8M | $368.5M | $269.4M | $273.6M | $208.3M | $398.5M | $370.6M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $60.9M | $44.7M | $38.5M | $35.0M | $30.3M | $22.6M | $34.9M | $46.5M |
| Operating Income | $3.18B | $3.09B | $2.81B | $2.58B | $2.41B | $1.97B | $2.91B | $2.93B |
| Operating Margin | 49.9% | 51.9% | 49.6% | 48.8% | 47.2% | 42.8% | 50.6% | 51.7% |
| Interest Expense | $974.8M | $905.8M | $854.6M | $761.3M | $795.7M | $784.4M | $789.4M | $815.9M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $20.3M | $9.3M | $68.8M | — | — | — | — | — |
| Net Income | $5.36B | $2.73B | $2.62B | $2.45B | $2.57B | $1.28B | $2.42B | $2.82B |
| Net Margin | 84.3% | 45.8% | 46.2% | 46.3% | 50.2% | 27.7% | 42.1% | 49.9% |
| EPS (Basic) | $14.17 | $7.26 | $6.98 | $6.52 | $6.84 | $3.59 | $6.81 | $7.87 |
| EPS (Diluted) | $14.17 | $7.26 | $6.98 | $6.52 | $6.84 | $3.59 | $6.81 | $7.87 |
| Shares Outstanding (Basic) | 326.4M | 326.1M | 326.8M | 327.8M | 328.6M | 308.7M | 308.0M | — |
| Shares Outstanding (Diluted) | 326.4M | 326.1M | 326.8M | 327.8M | 328.6M | 308.7M | 308.0M | — |
| Dividends Per Share | $8.55 | $8.10 | $7.45 | $6.90 | $5.85 | $6.00 | $8.30 | $7.90 |