Simon Property Group (SPG) Revenue — Quarter Ended Sep 30, 2025
Reported revenue increased for the September quarter, as the company continued to show growth. The top line rose compared to both the prior quarter and the same period a year ago.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Reported revenue increased for the September quarter, as the company continued to show growth. The top line rose compared to both the prior quarter and the same period a year ago.
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
+8.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.2B
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, 2024 | $1.6B | +3.6% |
| Mar 31, 2025 | $1.5B | +2.1% |
| Jun 30, 2025 | $1.5B | +2.8% |
| Sep 30, 2025 | $1.6B | +8.2% |
Revenue performance
Revenue in the latest quarter exceeded the level reported in the immediately preceding quarter. This marks the highest quarterly figure among the most recent four periods.
Quarterly comparison
The current quarter’s revenue was higher than both the preceding quarter and the same quarter one year earlier. The year-over-year comparison reflects a continuation of positive momentum.
What to watch
The company maintained a large portfolio of investment properties with substantial accumulated depreciation, suggesting ongoing capital intensity.