Simon Property Group (SPG) Revenue — Quarter Ended Sep 30, 2023
Revenue for the reporting period increased compared to the prior three-month period. It also rose compared to the same period a year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the reporting period increased compared to the prior three-month period. It also rose compared to the same period a year earlier.
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
+3.0%
Change from the immediately preceding quarter.
Year-over-year
+7.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.5B
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 |
|---|---|---|
| Dec 31, 2022 | $1.4B | +5.6% |
| Mar 31, 2023 | $1.4B | +4.2% |
| Jun 30, 2023 | $1.4B | +7.0% |
| Sep 30, 2023 | $1.4B | +7.2% |
Revenue performance
The company's top line grew, reflecting improvement from the previous quarter and from the year-ago period.
Quarterly comparison
The quarter's revenue was higher than both the immediately preceding quarter and the same quarter one year ago.
What to watch
The company's financing strategy emphasizes long-term fixed rate debt, with floating rate debt representing a small share of total debt, as noted in the filing.