Simon Property Group Inc. (NYSE: SPG)
REIT - Retail · Indianapolis, IN, United States · Founded 1993
- Market capitalization: $55.0 billion
- Annual revenue: $6.36 billion
- Net income: $2.3 billion
- Employees: 3,100
- Sector: Real Estate
- Headquarters: Indianapolis, United States
- Founded: 1993
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Simon Property Group is the largest mall REIT in the US, owning premium shopping centers like King of Prussia, Woodbury Common, and dozens of other Class A malls. They also have a growing international presence and investments in retail brands through their Simon Brand Ventures arm. Reports of the mall's death have been greatly exaggerated — at least for Simon's properties.
Rental income from retail tenants, percentage rent tied to tenant sales, and ancillary revenue from advertising and sponsorships. Simon's malls are so high-traffic that retailers pay premium rents to be there.
Founded by Melvin Simon in 1960 in Indianapolis, Simon went public in 1993 and has been consolidating the mall industry ever since. They acquired Taubman Centers in 2020 during the pandemic at a steep discount. David Simon has run the company since 1995 and is one of the longest-tenured REITs CEOs.
| Market Capitalization | $55.0B |
| Annual Revenue | $6.36B |
| Net Income | $2.3B |
| Profit Margin | 36% |
| Revenue per Employee | $2051613K |
| Stock Exchange | NYSE |
| Ticker Symbol | SPG |
Financial data is approximate and based on most recent annual filings.
Simon bought stakes in bankrupt retailers like Brooks Brothers, Forever 21, and JCPenney — essentially becoming a retail operator to protect their own malls. Their top malls generate over $1,000 per square foot in tenant sales, rivaling luxury retail districts.
Simon owns the malls that are actually thriving. The gap between Class A and Class B malls is a canyon, and Simon sits firmly on the right side.
What is Simon Property Group Inc.'s revenue?
Simon Property Group Inc. generates approximately $6.36 billion in annual revenue.
How many employees does Simon Property Group Inc. have?
Simon Property Group Inc. employs approximately 3,100 people worldwide.
What is Simon Property Group Inc.'s market cap?
Simon Property Group Inc. (SPG) has a market capitalization of approximately $55.0 billion on the NYSE.
When was Simon Property Group Inc. founded?
Simon Property Group Inc. was founded in 1993 and is headquartered in Indianapolis, IN, United States.
Who is the CEO of Simon Property Group Inc.?
David Simon is the current CEO of Simon Property Group Inc..
What is Simon Property Group Inc.'s website?
Simon Property Group Inc.'s official website is simon.com.
| CEO | David Simon |
| Sector | Real Estate |
| Industry | REIT - Retail |
| Founded | 1993 |
| HQ | Indianapolis, IN |
| Country | United States |
| Website | simon.com |
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