Simon Property Group (SPG) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter grew compared with both the immediately preceding quarter and the same quarter a year earlier. The increase reflects sustained demand for the company's properties.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter grew compared with both the immediately preceding quarter and the same quarter a year earlier. The increase reflects sustained demand for the company's properties.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
+1.4%
Change from the immediately preceding quarter.
Year-over-year
+7.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $1.3B | +1.5% |
| Dec 31, 2022 | $1.4B | +5.6% |
| Mar 31, 2023 | $1.4B | +4.2% |
| Jun 30, 2023 | $1.4B | +7.0% |
Revenue performance
Revenue rose sequentially and showed a larger gain year over year, extending the positive trend observed in recent quarters.
Quarterly comparison
Compared with the prior quarter, revenue increased modestly; relative to the same quarter last year, the improvement was more pronounced.
What to watch
Floating rate debt represented a very small share of total consolidated debt at the end of the quarter.