Simon Property Group Inc (SPG) - Net Assets
Based on the latest financial reports, Simon Property Group Inc (SPG) has net assets worth $6.34 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($39.64 Billion) and total liabilities ($33.30 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Simon Property Group Inc's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.34 Billion |
| % of Total Assets | 15.99% |
| Annual Growth Rate | 18.48% |
| 5-Year Change | 52.37% |
| 10-Year Change | 31.54% |
| Growth Volatility | 98.28 |
Simon Property Group Inc - Net Assets Trend (1993–2025)
This chart illustrates how Simon Property Group Inc's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Simon Property Group Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Simon Property Group Inc (1993–2025)
The table below shows the annual net assets of Simon Property Group Inc from 1993 to 2025. For live valuation and market cap data, see how much is Simon Property Group Inc worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $6.71 Billion | +86.29% |
| 2024-12-31 | $3.60 Billion | -2.39% |
| 2023-12-31 | $3.69 Billion | -3.56% |
| 2022-12-31 | $3.82 Billion | -13.11% |
| 2021-12-31 | $4.40 Billion | +20.30% |
| 2020-12-31 | $3.66 Billion | +16.87% |
| 2019-12-31 | $3.13 Billion | -22.27% |
| 2018-12-31 | $4.03 Billion | -9.08% |
| 2017-12-31 | $4.43 Billion | -13.11% |
| 2016-12-31 | $5.10 Billion | -2.75% |
| 2015-12-31 | $5.24 Billion | -12.30% |
| 2014-12-31 | $5.98 Billion | -14.77% |
| 2013-12-31 | $7.01 Billion | -0.82% |
| 2012-12-31 | $7.07 Billion | +27.54% |
| 2011-12-31 | $5.54 Billion | -1.59% |
| 2010-12-31 | $5.63 Billion | +8.70% |
| 2009-12-31 | $5.18 Billion | +70.48% |
| 2008-12-31 | $3.04 Billion | -33.94% |
| 2007-12-31 | $4.60 Billion | -11.06% |
| 2006-12-31 | $5.17 Billion | +0.04% |
| 2005-12-31 | $5.17 Billion | +11.42% |
| 2004-12-31 | $4.64 Billion | +39.06% |
| 2003-12-31 | $3.34 Billion | -7.74% |
| 2002-12-31 | $3.62 Billion | +12.70% |
| 2001-12-31 | $3.21 Billion | +37.16% |
| 2000-12-31 | $2.34 Billion | -40.48% |
| 1999-12-31 | $3.93 Billion | +15.36% |
| 1998-12-31 | $3.41 Billion | +118.97% |
| 1997-12-31 | $1.56 Billion | +19.31% |
| 1996-12-31 | $1.30 Billion | +460.28% |
| 1995-12-31 | $232.90 Million | +306.46% |
| 1994-12-31 | $57.30 Million | +94.24% |
| 1993-12-31 | $29.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Simon Property Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 459673600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $33.00K | 0.00% |
| Other Comprehensive Income | $-251.36 Million | -4.83% |
| Other Components | $10.07 Billion | 193.30% |
| Total Equity | $5.21 Billion | 100.00% |
Simon Property Group Inc Competitors by Market Cap
The table below lists competitors of Simon Property Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eni S.p.A
F:ENI1
|
$68.82 Billion |
|
Wesfarmers Ltd
AU:WES
|
$68.91 Billion |
|
Ross Stores Inc
NASDAQ:ROST
|
$69.00 Billion |
|
Barrick Gold Corp
TO:ABX
|
$69.18 Billion |
|
Cintas Corporation
NASDAQ:CTAS
|
$68.36 Billion |
|
Macquarie Group Ltd
AU:MQG
|
$68.17 Billion |
|
Xiaomi Corporation
F:3CP
|
$67.93 Billion |
|
DoorDash, Inc. Class A Common Stock
NASDAQ:DASH
|
$67.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Simon Property Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,941,925,000 to 5,208,268,000, a change of 2,266,343,000 (77.0%).
- Net income of 4,614,970,000 contributed positively to equity growth.
- Dividend payments of 2,792,872,000 reduced retained earnings.
- Share repurchases of 227,154,000 reduced equity.
- Other comprehensive income decreased equity by 58,335,000.
- Other factors increased equity by 729,734,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.61 Billion | +88.61% |
| Dividends Paid | $2.79 Billion | -53.62% |
| Share Repurchases | $227.15 Million | -4.36% |
| Other Comprehensive Income | $-58.34 Million | -1.12% |
| Other Changes | $729.73 Million | +14.01% |
| Total Change | $- | 77.04% |
Book Value vs Market Value Analysis
This analysis compares Simon Property Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 13.23x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 290.19x to 13.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $0.73 | $211.33 | x |
| 1994-12-31 | $1.24 | $211.33 | x |
| 1995-12-31 | $3.90 | $211.33 | x |
| 1996-12-31 | $10.90 | $211.33 | x |
| 1997-12-31 | $15.57 | $211.33 | x |
| 1998-12-31 | $27.05 | $211.33 | x |
| 1999-12-31 | $14.26 | $211.33 | x |
| 2000-12-31 | $13.55 | $211.33 | x |
| 2001-12-31 | $12.90 | $211.33 | x |
| 2002-12-31 | $14.41 | $211.33 | x |
| 2003-12-31 | $11.69 | $211.33 | x |
| 2004-12-31 | $15.64 | $211.33 | x |
| 2005-12-31 | $19.51 | $211.33 | x |
| 2006-12-31 | $17.93 | $211.33 | x |
| 2007-12-31 | $15.92 | $211.33 | x |
| 2008-12-31 | $13.46 | $211.33 | x |
| 2009-12-31 | $16.61 | $211.33 | x |
| 2010-12-31 | $16.58 | $211.33 | x |
| 2011-12-31 | $15.84 | $211.33 | x |
| 2012-12-31 | $19.50 | $211.33 | x |
| 2013-12-31 | $18.85 | $211.33 | x |
| 2014-12-31 | $16.39 | $211.33 | x |
| 2015-12-31 | $16.90 | $211.33 | x |
| 2016-12-31 | $16.30 | $211.33 | x |
| 2017-12-31 | $14.22 | $211.33 | x |
| 2018-12-31 | $13.01 | $211.33 | x |
| 2019-12-31 | $10.16 | $211.33 | x |
| 2020-12-31 | $11.85 | $211.33 | x |
| 2021-12-31 | $10.23 | $211.33 | x |
| 2022-12-31 | $9.57 | $211.33 | x |
| 2023-12-31 | $9.25 | $211.33 | x |
| 2024-12-31 | $9.02 | $211.33 | x |
| 2025-12-31 | $15.98 | $211.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Simon Property Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 88.61%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 72.51%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 7.80x
- Recent ROE (88.61%) is above the historical average (36.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 112.20% | 8.15% | 0.23x | 59.55x | $30.15 Million |
| 1994 | 78.71% | 9.52% | 0.21x | 39.74x | $39.37 Million |
| 1995 | 58.91% | 24.63% | 0.22x | 10.98x | $113.91 Million |
| 1996 | 10.05% | 17.32% | 0.13x | 4.52x | $710.00K |
| 1997 | 8.81% | 13.02% | 0.14x | 4.92x | $-18.45 Million |
| 1998 | 4.91% | 11.90% | 0.11x | 3.89x | $-173.62 Million |
| 1999 | 12.07% | 15.28% | 0.15x | 5.32x | $50.91 Million |
| 2000 | 14.29% | 16.55% | 0.16x | 5.50x | $100.36 Million |
| 2001 | 8.88% | 9.72% | 0.16x | 5.72x | $-25.21 Million |
| 2002 | 21.65% | 27.36% | 0.15x | 5.41x | $302.17 Million |
| 2003 | 14.12% | 13.98% | 0.15x | 6.56x | $91.44 Million |
| 2004 | 9.21% | 11.63% | 0.12x | 6.34x | $-25.81 Million |
| 2005 | 11.05% | 15.02% | 0.15x | 4.91x | $45.02 Million |
| 2006 | 14.17% | 16.92% | 0.15x | 5.55x | $165.88 Million |
| 2007 | 13.79% | 13.46% | 0.15x | 6.62x | $134.90 Million |
| 2008 | 15.25% | 12.26% | 0.16x | 7.76x | $159.62 Million |
| 2009 | 6.94% | 8.20% | 0.15x | 5.82x | $-136.41 Million |
| 2010 | 12.77% | 15.59% | 0.16x | 5.15x | $133.96 Million |
| 2011 | 22.04% | 23.80% | 0.16x | 5.64x | $559.83 Million |
| 2012 | 24.27% | 33.70% | 0.13x | 5.51x | $843.44 Million |
| 2013 | 22.56% | 29.04% | 0.14x | 5.70x | $734.70 Million |
| 2014 | 27.66% | 28.92% | 0.16x | 5.80x | $899.27 Million |
| 2015 | 34.87% | 34.71% | 0.17x | 5.85x | $1.30 Billion |
| 2016 | 36.07% | 33.83% | 0.17x | 6.10x | $1.33 Billion |
| 2017 | 43.98% | 35.24% | 0.17x | 7.28x | $1.51 Billion |
| 2018 | 60.59% | 43.22% | 0.18x | 7.62x | $2.04 Billion |
| 2019 | 67.14% | 36.52% | 0.18x | 9.98x | $1.79 Billion |
| 2020 | 30.41% | 24.15% | 0.13x | 9.51x | $746.74 Million |
| 2021 | 66.92% | 43.97% | 0.15x | 10.05x | $1.91 Billion |
| 2022 | 68.17% | 40.43% | 0.16x | 10.52x | $1.83 Billion |
| 2023 | 86.57% | 46.25% | 0.17x | 11.34x | $2.31 Billion |
| 2024 | 80.59% | 39.75% | 0.18x | 11.02x | $2.08 Billion |
| 2025 | 88.61% | 72.51% | 0.16x | 7.80x | $4.09 Billion |
Industry Comparison
This section compares Simon Property Group Inc's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $847,006,900
- Average return on equity (ROE) among peers: 8.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Simon Property Group Inc (SPG) | $6.34 Billion | 112.20% | 5.26x | $68.53 Billion |
| Agree Realty Corporation (ADC) | $197.97 Million | 9.12% | 0.87x | $8.80 Billion |
| Acadia Realty Trust (AKR) | $2.15 Billion | 1.10% | 0.98x | $2.82 Billion |
| Alexander & Baldwin Holdings Inc (ALEX) | $1.08 Billion | 4.06% | 1.19x | $1.52 Billion |
| Alexanders Inc (ALX) | $252.59 Million | 52.63% | 4.51x | $1.26 Billion |
| Saul Centers Inc (BFS) | $-31.86 Million | 0.00% | 0.00x | $884.02 Million |
| Brixmor Property (BRX) | $2.72 Billion | 9.94% | 2.08x | $9.16 Billion |
| CBL & Associates Properties Inc (CBL) | $415.78 Million | 0.00% | 3.06x | $993.50 Million |
| Curbline Properties Corp. (CURB) | $862.64 Million | 3.60% | 0.07x | $2.95 Billion |
| Essential Properties Realty Trust Inc (EPRT) | $811.04 Million | 1.93% | 0.70x | $6.35 Billion |
| Four Corners Property Trust Inc (FCPT) | $9.00 Million | 0.36% | 0.33x | $2.69 Billion |
About Simon Property Group Inc
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 … Read more