Simon Property Group (SPG) Revenue — Quarter Ended Dec 31, 2023
Revenue for the reported quarter rose compared with the same period a year earlier. The sequential quarterly trend also showed an increase.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 FY
Revenue for the reported quarter rose compared with the same period a year earlier. The sequential quarterly trend also showed an increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
+8.3%
Change from the immediately preceding quarter.
Year-over-year
+9.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.7B
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 |
|---|---|---|
| Mar 31, 2023 | $1.4B | +4.2% |
| Jun 30, 2023 | $1.4B | +7.0% |
| Sep 30, 2023 | $1.4B | +7.2% |
| Dec 31, 2023 | $1.5B | +9.1% |
Revenue performance
The quarter's revenue increased from the immediately preceding quarter, continuing the pattern of sequential growth observed throughout the year.
Quarterly comparison
Revenue was higher than both the prior quarter and the same quarter one year earlier, reflecting a consistently positive year-over-year comparison.
What to watch
The filing discusses tenant bankruptcy proceedings and property impairment assessments, which could influence future revenue.