Simon Property Group, Inc.

SPGNYSEReal Estate● Active

$207.34

$-2.97(-1.41%)

Market Cap$67.2B

P/E Ratio—

52W High$211.68

52W Low$155.44

Avg Volume1.6M

Open$210.69

Beta1.35

Free Cash Flow Financials Revenue

Simon Property Group, Inc. (SPG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

SPG · free cash flow · updated Jun 8, 2026

Core FCF metrics

SPG · FCF · TTM · margin & CAGR

Free cash flow was $3.57B for FY2025 (fiscal year ending 2025-12-31), up 16.6% year-over-year The FCF margin was 56.0%. Five-year CAGR stands at +14.1%.

FY2025 Free Cash Flow$3.57B▲ +16.6% YoY

Trailing 12M (TTM)$3.26Btrailing 4 quarters sum

FCF Margin56.0%$3.57B ÷ revenue

3-Year CAGR+4.6%FY2022 → FY2025

5-Year CAGR+14.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

SPG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$4.48B(912M)$3.57B▲ +16.6%56.0%

FY2024$3.81B(756M)$3.06B▼ 2.5%51.3%

FY2023$3.93B(793M)$3.14B▲ +0.7%55.4%

FY2022$3.77B(650M)$3.12B▲ +0.2%58.9%

FY2021$3.64B(528M)$3.11B▲ +68.8%60.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

SPG · P/FCF · FCF yield · FCF per share

Simon Property Group, Inc. (SPG) trades at a FCF yield of 4.87% and a price-to-free-cash-flow ratio of 20.7x. FCF per share stands at $10.01, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.87%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$10.01

TTM FCF ÷ Shares Outstanding

Price / FCF

x20.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x29.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

SPG · cash flow statement · operating / investing / financing

For FY2025, Simon Property Group, Inc. generated $4.48B in operating cash flow and spent 912M in capital expenditures, yielding $3.57B in free cash flow.

Operating Activities

+$4.48B

Cash from core business operations

2025-12-31

Investing Activities

−$1.94B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$3.11B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($4.48B) − |CapEx| (912M) = FCF ($3.57B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

SPG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Simon Property Group, Inc.YOU

SPG

$3.57B+16.6%56.0%

71%

American Tower Corporation

Digital Realty Trust, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Simon Property Group, Inc. (SPG) reported free cash flow of $3.57B for FY2025 (fiscal year ending 2025-12-31), up 16.6% year-over-year. The FCF margin was 56.0%.

Based on available data, Simon Property Group, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $3.57B in FY2025. The 5-year CAGR stands at +14.1%.

Simon Property Group, Inc.'s FCF yield is 4.87% and price-to-FCF ratio is 20.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

SPG free cash flow · 8 questions

Simon Property Group, Inc. free cash flow was $3.57B for FY2025, up 16.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $3.26B.

SPG free cash flowSPG FCFSPG FCF 2025SPG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Simon Property Group, Inc. · Simon Property Group, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026