Simon Property Group (SPG) Revenue — Quarter Ended Mar 31, 2025
Revenue declined compared to the prior quarter but rose relative to the same quarter a year ago. The sequential decrease follows a pattern of lower activity in the first quarter of the year.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue declined compared to the prior quarter but rose relative to the same quarter a year ago. The sequential decrease follows a pattern of lower activity in the first quarter of the year.
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
-6.9%
Change from the immediately preceding quarter.
Year-over-year
+2.1%
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 |
|---|---|---|
| Jun 30, 2024 | $1.5B | +6.5% |
| Sep 30, 2024 | $1.5B | +4.9% |
| Dec 31, 2024 | $1.6B | +3.6% |
| Mar 31, 2025 | $1.5B | +2.1% |
Revenue performance
For the quarter, revenue decreased from the preceding quarter.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. However, compared with the same quarter one year earlier, revenue was higher.
What to watch
The company derives most of its liquidity from positive net cash flow from operations and distributions from unconsolidated entities.