Simon Property Group, Inc.
As of Fiscal Year 2025 (ended December 31, 2025)
Key KPIs at a Glance
| Metric | Value |
|---|---|
| Net income attributable to common stockholders (FY2025) | $4.62 billion, up 95% year-over-year; includes a ~$2.89 billion one-time non-cash Taubman remeasurement gain |
| Real Estate FFO, a non-GAAP operating metric (FY2025) | $4.81 billion, up 4.0% year-over-year |
| FFO per diluted share (FY2025) | $12.34 |
| Occupancy (Dec 31, 2025) | 96.4% |
| Retailer sales per square foot, trailing 12 months | $799, up 8.1% year-over-year |
| Base minimum rent per square foot (FY2025) | $60.97, up 4.7% year-over-year |
| Total debt (year-end 2025) | $28.43 billion |
| Portfolio size (Dec 31, 2025) | 212 U.S. income-producing properties across 38 states and Puerto Rico, plus 42 international properties; also holds a 22.2% equity stake in Klepierre SA |
Sources: Figures are from Simon Property Group's Q4/Full-Year 2025 earnings release and FY2025 Form 10-K. As a REIT, Simon does not report operating segments in the industrial sense; revenue is broken out by type (lease income, management fees and other, other income) rather than by business segment. The large FY2025 net income increase is driven primarily by a one-time, non-cash ~$2.89 billion gain from remeasuring Simon's previously-held equity interest in Taubman Realty Group to fair value upon acquiring the remaining interest, not by organic operating performance -- Real Estate FFO is the cleaner operating metric. No credible, specifically-sourced third-party market-share estimate was found for Simon and none is included.