Simon Property Group, Inc. (SPG) Stock Analysis
Over the past 10 years, Simon Property (SPG) earnings per share (EPS) grew 9.2% a year, revenue grew 1.9% a year and free cash flow grew 4.8% a year, with an average return on invested capital (ROIC) of 8.8%. SPG stock trades at $203.70, a P/E of 14.4, below its historical average of 20.1. Analysts' average 12-month price target is $218.45 (+7.2%).
Simon Property Group (NYSE: SPG) is a prominent S&P 100 real estate investment trust that specializes in owning and developing a portfolio of world-class shopping, dining, entertainment, and mixed-use destinations.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | 1.0% | 10.2% | 82.6% | A- |
| EPS GrowthEPS | 9.2% | 31.5% | 80.1% | A- |
| Revenue GrowthRevenue | 1.9% | 6.7% | 15.0% | C+ |
| Cash Flow GrowthCash Flow | 4.8% | 11.7% | 2.4% | C+ |
| ROICROIC | 8.8% | 8.7% | 8.5% | B |
Exhibit B Valuation Ledger
- Current EPS
- $14.14
- Historical Avg P/E
- 20.1
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $14.42 | $13.79 | $11.83 | $10.65 | $8.20 | $9.84 | $10.23 | $9.57 | $9.25 | $9.02 | $15.98 | $13.69 | |
| Basic EPSEPS | $5.88 | $5.87 | $6.24 | $7.88 | $6.79 | $3.59 | $6.84 | $6.52 | $6.97 | $7.26 | $14.14 | $14.14 | |
| RevenueRevenue | $5,266,103,000 | $5,435,229,000 | $5,527,336,000 | $5,645,288,000 | $5,755,189,000 | $4,607,503,000 | $5,116,789,000 | $5,291,447,000 | $5,658,836,000 | $5,963,798,000 | $6,364,505,000 | $6,940,724,000 | |
| Free Cash FlowCash Flow | $2,003,761,000 | $2,574,229,000 | $2,861,688,000 | $2,968,887,000 | $2,931,820,000 | $1,842,579,000 | $3,109,467,000 | $3,116,580,000 | $3,137,510,000 | $3,059,071,000 | $3,202,205,000 | $3,217,536,000 | |
| ROIC (%)ROIC | 9.2% | 9.1% | 9.1% | 10.1% | 10.2% | 6.3% | 7.4% | 8.4% | 8.8% | 10.6% | 8.5% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
38 firms rate it — 16 buy, 20 hold, 2 sell · Most recent Oct 2026
SPG Stock FAQ
What is SPG's stock price target?
The average 12-month analyst price target for SPG is $218.45, with a range of $205.00 to $254.00. That is +7.2% from the current price of $203.70.
Do analysts rate SPG a buy?
Opinion is mixed. Of 38 firms covering Simon Property, the ratings are 16 buy or strong buy, 20 hold and 2 sell or strong sell.
How fast is Simon Property growing?
Annual growth rates for SPG. EPS: 9.2% over 10 years, 31.5% over 5 years, 80.1% over 1 year. Revenue: 1.9% over 10 years, 6.7% over 5 years, 15.0% over 1 year. Free cash flow: 4.8% over 10 years, 11.7% over 5 years, 2.4% over 1 year. Book value per share: 1.0% over 10 years, 10.2% over 5 years, 82.6% over 1 year.
What is SPG's ROIC?
Simon Property's return on invested capital (ROIC) was 8.5% in fiscal 2025. Its 10-year average ROIC is 8.8%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is SPG's P/E ratio?
SPG's current P/E ratio is 14.4, compared with a historical average of 20.1. Trailing earnings per share are $14.14.
What is Simon Property's market cap and stock price?
SPG last traded at $203.70 as of October 19, 2026. Its 52-week range is $172.19 to $238.50. Simon Property has a market cap of $65.91B.
Exhibit D Related Coverage
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Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.