Simon Property Group (SPG) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter increased compared to the prior quarter and the same quarter a year ago. The growth rate relative to the prior year has moderated over recent periods.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared to the prior quarter and the same quarter a year ago. The growth rate relative to the prior year has moderated over recent periods.
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
+1.5%
Change from the immediately preceding quarter.
Year-over-year
+4.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.9B
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, 2023 | $1.5B | +9.1% |
| Mar 31, 2024 | $1.4B | +6.8% |
| Jun 30, 2024 | $1.5B | +6.5% |
| Sep 30, 2024 | $1.5B | +4.9% |
Revenue performance
The company reported higher revenue for the quarter, reflecting continued operating performance.
Quarterly comparison
Revenue rose sequentially from the preceding quarter and was also above the level reported for the same quarter one year earlier.
What to watch
The pace of revenue growth compared to the same period a year ago has decelerated over the past several quarters.