Simon Property Group (SPG) Revenue — Quarter Ended Dec 31, 2024
The company reported higher revenue in the latest quarter. The increase reflects continued growth compared with both the prior quarter and the same period a year earlier.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 FY
The company reported higher revenue in the latest quarter. The increase reflects continued growth compared with both the prior quarter and the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
+6.9%
Change from the immediately preceding quarter.
Year-over-year
+3.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$6B
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, 2024 | $1.4B | +6.8% |
| Jun 30, 2024 | $1.5B | +6.5% |
| Sep 30, 2024 | $1.5B | +4.9% |
| Dec 31, 2024 | $1.6B | +3.6% |
Revenue performance
Revenue rose during the reported quarter, building on prior gains. The company's filing describes its portfolio of shopping, dining, and entertainment destinations, though no specific operational drivers are cited for the revenue change.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased. Revenue also rose from the same quarter one year earlier, extending the upward trend.
What to watch
The company's liquidity discussion notes that tenant bankruptcy proceedings affect the assessment of revenue collectability.