Simon Property Group Business Segments — Segment Operating Expenses Total increased by 26.8% to $463.10M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 26.8%, from $365.27M to $463.10M. This increase may warrant attention — for this metric, lower values are generally preferred.
Lower total expenses relative to revenue indicate superior operational efficiency and better profitability.
This metric aggregates all direct operating costs associated with the real estate segment, including taxes, maintenance,...
Standard metric for all REITs to evaluate the total cost of property operations.
spg_segment_real_estate_segment_operating_expenses_total| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $336.40M | $336.40M | $336.40M | $336.40M | $344.72M | $344.72M | $344.72M | $344.72M | $365.27M | $463.10M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +2.5% | +0.0% | +0.0% | +0.0% | +6.0% | +26.8% |
| YoY Change | — | — | — | — | +2.5% | +2.5% | +2.5% | +2.5% | +6.0% | +26.8% |