SPGSPG
US • —
$221.73
P/E
15.41
PEG
0.18
FCF Yield
—
Rev Growth YoY
+10.9% YoY
Gross Margin
81.6%
Health Score
4/10
D/E Ratio
5.46
Confidence
LOW
Business Snapshot
Simon Property Group (SPG) is a real estate investment trust (REIT) focused on the ownership and operation of premier shopping, dining, entertainment, and mixed-use destinations, primarily high-quality regional malls and outlet centers in North America. The company is a dominant, scale-driven market leader in the U.S. retail real estate sector, holding a portfolio of irreplaceable assets in prime locations. While the company does not have a readily available market capitalisation or TTM revenue figure in this dataset, its position as the largest publicly traded retail REIT is well-established. A defining characteristic of Simon Property is its substantial asset base and the high barriers to entry in its market, giving it considerable negotiating power with tenants and significant cash flow generation capabilities from its properties.
Financial Health
The company reports a net margin of 70.6%, an exceptionally high figure that is characteristic of a REIT structure which passes through most income to unitholders, though this often comes alongside a high payout ratio. Gross margin stands at 81.6%, highlighting the high-margin nature of the property leasing business, with no prior-year comparison available for trend analysis...
Risk Assessment
- DEBT / LIQUIDITY — Debt/equity of 5.46x is highly elevated and coupled with a current ratio of 0.52x, indicating a stretched balance sheet and significant liquidity risk.
- EARNINGS QUALITY — The company beat estimates in only 1 of the last 4 quarters, raising concerns about the credibility of management's guidance and earnings consistency.
- VALUATION — Price/sales of 10.96x and price/book of 11.71x are very high, suggesting the market assigns a substantial premium for its asset base and revenue stream, which amplifies downside risk if growth slows.
- TECHNICALS — RSI, MACD, and moving average data unavailable for this period; momentum cannot be independently confirmed....
The company reports a net margin of 70.6%, an exceptionally high figure that is characteristic of a REIT structure which passes through most income to unitholders, though this often comes alongside a high payout ratio. Gross margin stands at 81.6%, highlighting the high-margin nature of the property leasing business, with no prior-year comparison available for trend analysis. The balance sheet is highly leveraged, with a debt-to-equity ratio of 5.46x, a very high level that creates significant financial risk, particularly in a rising interest-rate environment. The current ratio of 0.52x signals a severe liquidity constraint, as current assets do not cover short-term liabilities. This elevated leverage and low liquidity limit financial flexibility and raise the risk of dividend cuts or asset sales to manage debt, making the company more vulnerable to economic downturns.
- DEBT / LIQUIDITY — Debt/equity of 5.46x is highly elevated and coupled with a current ratio of 0.52x, indicating a stretched balance sheet and significant liquidity risk. - EARNINGS QUALITY — The company beat estimates in only 1 of the last 4 quarters, raising concerns about the credibility of management's guidance and earnings consistency. - VALUATION — Price/sales of 10.96x and price/book of 11.71x are very high, suggesting the market assigns a substantial premium for its asset base and revenue stream, which amplifies downside risk if growth slows. - TECHNICALS — RSI, MACD, and moving average data unavailable for this period; momentum cannot be independently confirmed.
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