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Simon Property Group SPG Business Segments — Real Estate Tax Expense

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Other financials

Income statement

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Revenue$1.8B+19.3%
Operating income$762.2M+4.7%
Net income$568.5M+19.0%
EPS (diluted)$1.48+16.5%

Balance sheet

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Cash & equivalents$543.0M
Total debt$29.0B
Total equity$4.9B
Total assets$39.6B

Cash flow

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Operating cash flow$833.4M+0.7%
CapEx$208.4M-9.5%
Free cash flow$625.0M+4.7%

Valuation

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Market cap$73.12B+42.4%
Enterprise value$101.56B
P/E13.4×-8.3×
P/S11×+2.4×

Profitability

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Operating margin48.3%-3.2pp
Net margin82%+42.6pp
FCF margin48.2%

Returns & leverage

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Return on equity131.6%
Debt / equity

Where this comes from

Reported directly by Simon Property Group in its filing.

Tagged under the XBRL concept us-gaap:RealEstateTaxExpense.

The official record: Simon Property Group’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Simon Property Group's business segments — real estate tax expense?
Simon Property Group (SPG) reported business segments — real estate tax expense of $139.06M in Q1 2026.
How has Simon Property Group's business segments — real estate tax expense changed year-over-year?
Simon Property Group's business segments — real estate tax expense increased by 22.5% year-over-year, from $113.49M to $139.06M.
What does business segments — real estate tax expense mean?
This represents the property tax obligations incurred by the company for its real estate holdings. These taxes are a significant fixed cost for property owners and are often subject to local government assessment changes. Monitoring this expense is critical for understanding the impact of local tax environments on property profitability.