Simon Property Group annual debt-to-equity ratio
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2025
Simon Property Group Debt-to-Equity Ratio Growth & History (SPG)
Simon Property Group's debt-to-equity ratio was 5.60 for fiscal 2025.
View full Simon Property Group company overviewSimon Property Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 5.60 | −2.82 | −33.48% |
| 2024 | 2024-12-31 | 8.42 | −0.35 | −3.97% |
| 2023 | 2023-12-31 | 8.77 | 0.66 | +8.15% |
| 2022 | 2022-12-31 | 8.11 | 0.43 | +5.57% |
| 2021 | 2021-12-31 | 7.68 | −1.28 | −14.26% |
| 2020 | 2020-12-31 | 8.96 | −0.81 | −8.26% |
| 2019 | 2019-12-31 | 9.77 | 2.70 | +38.19% |
| 2018 | 2018-12-31 | 7.07 | 0.39 | +5.79% |
| 2017 | 2017-12-31 | 6.68 | 1.35 | +25.36% |
| 2016 | 2016-12-31 | 5.33 | 0.32 | +6.33% |
| 2015 | 2015-12-31 | 5.01 | 0.92 | +22.45% |
| 2014 | 2014-12-31 | 4.09 | 0.22 | +5.64% |
| 2013 | 2013-12-31 | 3.88 | −0.03 | −0.89% |
| 2012 | 2012-12-31 | 3.91 | −0.06 | −1.43% |
| 2011 | 2011-12-31 | 3.97 | 0.35 | +9.68% |
| 2010 | 2010-12-31 | 3.62 | −0.56 | −13.44% |
| 2009 | 2009-12-31 | 4.18 | −2.73 | −39.48% |
| 2008 | 2008-12-31 | 6.90 | — | — |
Simon Property Group quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 6.64 | −3.94 | −37.23% |
| Q1 2026 | 2026-03-31 | 5.96 | −3.73 | −38.50% |
| Q4 2025 | 2025-12-31 | 5.60 | −2.82 | −33.48% |
| Q3 2025 | 2025-09-30 | 11.20 | 1.64 | +17.16% |
| Q2 2025 | 2025-06-30 | 10.57 | 1.81 | +20.60% |
| Q1 2025 | 2025-03-31 | 9.70 | 1.31 | +15.67% |
| Q4 2024 | 2024-12-31 | 8.42 | −0.35 | −3.97% |
| Q3 2024 | 2024-09-30 | 9.56 | 0.96 | +11.11% |
| Q2 2024 | 2024-06-30 | 8.77 | −0.11 | −1.22% |
| Q1 2024 | 2024-03-31 | 8.39 | −0.29 | −3.38% |
| Q4 2023 | 2023-12-31 | 8.77 | 0.66 | +8.15% |
| Q3 2023 | 2023-09-30 | 8.60 | 0.28 | +3.42% |
| Q2 2023 | 2023-06-30 | 8.87 | 0.61 | +7.36% |
| Q1 2023 | 2023-03-31 | 8.68 | 0.79 | +10.05% |
| Q4 2022 | 2022-12-31 | 8.11 | 0.43 | +5.57% |
| Q3 2022 | 2022-09-30 | 8.32 | — | — |
| Q2 2022 | 2022-06-30 | 8.27 | — | — |
| Q1 2022 | 2022-03-31 | 7.89 | −0.82 | −9.39% |
| Q4 2021 | 2021-12-31 | 7.68 | −1.28 | −14.26% |
| Q1 2021 | 2021-03-31 | 8.70 | −4.17 | −32.37% |
| Q4 2020 | 2020-12-31 | 8.96 | −0.81 | −8.26% |
| Q2 2020 | 2020-06-30 | 13.69 | — | — |
| Q1 2020 | 2020-03-31 | 12.87 | 5.49 | +74.40% |
| Q4 2019 | 2019-12-31 | 9.77 | 2.70 | +38.19% |
| Q3 2019 | 2019-09-30 | 10.16 | — | — |
| Q1 2019 | 2019-03-31 | 7.38 | 0.63 | +9.40% |
| Q4 2018 | 2018-12-31 | 7.07 | 0.39 | +5.79% |
| Q2 2018 | 2018-06-30 | 6.97 | 0.69 | +10.94% |
| Q1 2018 | 2018-03-31 | 6.75 | 1.11 | +19.68% |
| Q4 2017 | 2017-12-31 | 6.68 | 1.35 | +25.36% |
| Q3 2017 | 2017-09-30 | 6.35 | 1.37 | +27.42% |
| Q2 2017 | 2017-06-30 | 6.29 | 1.32 | +26.70% |
| Q1 2017 | 2017-03-31 | 5.64 | 0.63 | +12.61% |
| Q4 2016 | 2016-12-31 | 5.33 | 0.32 | +6.33% |
| Q3 2016 | 2016-09-30 | 4.99 | 0.03 | +0.67% |
| Q2 2016 | 2016-06-30 | 4.96 | 0.18 | +3.84% |
| Q1 2016 | 2016-03-31 | 5.00 | 0.76 | +17.97% |
| Q4 2015 | 2015-12-31 | 5.01 | 0.92 | +22.45% |
| Q3 2015 | 2015-09-30 | 4.95 | 0.73 | +17.29% |
| Q2 2015 | 2015-06-30 | 4.78 | 0.59 | +14.16% |
| Q1 2015 | 2015-03-31 | 4.24 | 0.30 | +7.49% |
| Q4 2014 | 2014-12-31 | 4.09 | 0.22 | +5.64% |
| Q3 2014 | 2014-09-30 | 4.22 | 0.32 | +8.28% |
| Q2 2014 | 2014-06-30 | 4.18 | 0.30 | +7.63% |
| Q1 2014 | 2014-03-31 | 3.95 | 0.09 | +2.22% |
| Q4 2013 | 2013-12-31 | 3.88 | −0.03 | −0.89% |
| Q2 2013 | 2013-09-30 | 3.90 | 0.04 | +0.93% |
| Q1 2013 · Jun 30 | 2013-06-30 | 3.89 | 0.11 | +2.90% |
| Q1 2013 · Mar 31 | 2013-03-31 | 3.86 | 0.11 | +2.94% |
| Q4 2012 | 2012-12-31 | 3.91 | −0.06 | −1.43% |
| Q3 2012 | 2012-09-30 | 3.86 | 0.01 | +0.16% |
| Q2 2012 | 2012-06-30 | 3.78 | 0.23 | +6.51% |
| Q1 2012 | 2012-03-31 | 3.75 | 0.17 | +4.62% |
| Q4 2011 | 2011-12-31 | 3.97 | 0.35 | +9.68% |
| Q3 2011 | 2011-09-30 | 3.86 | 0.22 | +6.00% |
| Q2 2011 | 2011-06-30 | 3.55 | −0.17 | −4.61% |
| Q1 2011 | 2011-03-31 | 3.59 | −0.45 | −11.05% |
| Q4 2010 | 2010-12-31 | 3.62 | −0.56 | −13.44% |
| Q3 2010 | 2010-09-30 | 3.64 | −0.63 | −14.77% |
| Q2 2010 | 2010-06-30 | 3.72 | −0.52 | −12.28% |
| Q1 2010 | 2010-03-31 | 4.03 | — | — |
| Q4 2009 | 2009-12-31 | 4.18 | −2.73 | −39.48% |
| Q3 2009 | 2009-09-30 | 4.27 | — | — |
| Q2 2009 | 2009-06-30 | 4.24 | — | — |
| Q4 2008 | 2008-12-31 | 6.90 | — | — |
Simon Property Group debt-to-equity ratio trends
Over the last five fiscal years, Simon Property Group's debt-to-equity ratio decreased from 8.96 to 5.60, a change of −3.36. The latest reported quarter, Q2 2026, shows 6.64.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Simon Property Group source filings ↗