Business Segments — Net Operating Income
Simon Property Group Business Segments — Net Operating Income increased by 16.6% to $1.21B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 16.6%, from $1.04B to $1.21B. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests improved property performance through higher occupancy, increased rental rates, or better cost management, while a decrease may indicate rising vacancies or escalating maintenance and utility costs.
Detailed definition
Net Operating Income (NOI) for the real estate segment represents the total property-level revenue generated by the port...
Peer comparison
This is a standard industry metric for REITs, allowing for direct comparison of property-level efficiency across different real estate owners and operators.
spg_segment_real_estate_net_operating_incomeHistorical Data
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $994.40M | $994.40M | $994.40M | $994.40M | $1.04B | $1.04B | $1.04B | $1.04B | $1.04B | $1.21B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +4.7% | +0.0% | +0.0% | +0.0% | -0.5% | +16.6% |
| YoY Change | — | — | — | — | +4.7% | +4.7% | +4.7% | +4.7% | -0.5% | +16.6% |
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Frequently Asked Questions
- What is Simon Property Group's business segments — net operating income?
- Simon Property Group (SPG) reported business segments — net operating income of $1.21B in Q1 2026.
- How has Simon Property Group's business segments — net operating income changed year-over-year?
- Simon Property Group's business segments — net operating income increased by 16.6% year-over-year, from $1.04B to $1.21B.
- What does business segments — net operating income mean?
- This is the profit generated by the company's properties after paying for day-to-day operating expenses but before interest and taxes.