Simon Property Group (SPG) Revenue — Quarter Ended Dec 31, 2025
Revenue increased in the current quarter compared to both the prior quarter and the same period a year earlier. The year-ago comparison shows a larger gain than the sequential quarterly change.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 FY
Revenue increased in the current quarter compared to both the prior quarter and the same period a year earlier. The year-ago comparison shows a larger gain than the sequential quarterly change.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
+11.9%
Change from the immediately preceding quarter.
Year-over-year
+13.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.4B
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, 2025 | $1.5B | +2.1% |
| Jun 30, 2025 | $1.5B | +2.8% |
| Sep 30, 2025 | $1.6B | +8.2% |
| Dec 31, 2025 | $1.8B | +13.2% |
Revenue performance
Reported revenue rose from the immediately preceding quarter, continuing an upward trend seen over recent quarters.
Quarterly comparison
Compared with the same quarter last year, revenue was higher. The sequential increase from the prior quarter was more modest than the year-over-year gain.
What to watch
The filing context notes that tenant bankruptcy proceedings may affect lease income collectability, which could influence future revenue recognition.