Operating Expenses
Lease Costs
Simon Property Group Lease Costs increased by 24.8% to $170.76M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 24.8%, from $136.82M to $170.76M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026May 11, 2026
How to read this metric
Increasing costs relative to revenue may indicate declining operational efficiency or aging infrastructure requiring higher maintenance.
Detailed definition
These are the direct operating expenses incurred to maintain and operate leased properties, including property-level ove...
Peer comparison
Comparable to 'Property Operating Expenses' in the REIT sector.
Metric ID:
wfc_lease_costsHistorical Data
14 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $96.07M | $108.56M | $124.47M | $103.66M | $112.41M | $120.86M | $136.54M | $122.79M | $132.44M | $132.44M | $132.44M | $132.44M | $136.82M | $170.76M |
| QoQ Change | — | +13.0% | +14.7% | -16.7% | +8.4% | +7.5% | +13.0% | -10.1% | +7.9% | +0.0% | +0.0% | +0.0% | +3.3% | +24.8% |
| YoY Change | — | — | — | — | +17.0% | +11.3% | +13.0% | — | — | — | -3.0% | +7.9% | +3.3% | +24.8% |
Range$96.07M – $170.76M
CAGR+19.4%
Avg YoY Growth+10.6%
Median YoY Growth+11.3%
Current Streak6 quarters growth
Business Segments
| Segment | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Real Estate | $154.05M | $154.05M | $164.61M | $164.61M | $164.61M | $164.61M | $171.74M | $225.92M |
| Total | $136.54M | $122.79M | $132.44M | $132.44M | $132.44M | $132.44M | $136.82M | $170.76M |
Lease Costs at Other Companies
Frequently Asked Questions
- What is Simon Property Group's lease costs?
- Simon Property Group (SPG) reported lease costs of $170.76M in Q1 2026.
- How has Simon Property Group's lease costs changed year-over-year?
- Simon Property Group's lease costs increased by 24.8% year-over-year, from $136.82M to $170.76M.
- What does lease costs mean?
- The direct costs required to operate and maintain leased properties.