Simon Property Group's EBITDA for the
three
months ended in Dec. 2023 was $1,465 Mil.
Its EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $4,887 Mil.
During the past 12 months, the average EBITDA Growth Rate of Simon Property Group was 6.50% per year.
During the past 3 years, the average EBITDA Growth Rate was 12.70% per year.
During the past 5 years, the average EBITDA Growth Rate was 0.50% per year.
During the past 10 years, the average EBITDA Growth Rate was 1.60% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBITDA Growth Rate using EBITDA data.
During the past 13 years, the highest 3-Year average EBITDA Growth Rate of Simon Property Group was 72.30% per year. The lowest was -17.60% per year. And the median was 4.25% per year.
Simon Property Group's EBITDA per Share for the
three
months ended in Dec. 2023 was $4.49.
Its EBITDA per share for the trailing twelve months (TTM) ended in Dec. 2023 was $14.96.
During the past 12 months, the average EBITDA per Share Growth Rate of Simon Property Group was 6.80% per year.
During the past 3 years, the average EBITDA per Share Growth Rate was 10.60% per year.
During the past 5 years, the average EBITDA per Share Growth Rate was -1.00% per year.
During the past 10 years, the average EBITDA per Share Growth Rate was 1.10% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBITDA per share growth rate using EBITDA per Share data.
During the past 13 years, the highest 3-Year average EBITDA per Share Growth Rate of Simon Property Group was 43.60% per year. The lowest was -26.60% per year. And the median was 2.20% per year.
Simon Property Group EBITDA Historical Data
The historical data trend for Simon Property Group's EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Simon Property Group Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
EBITDA
4,636.77
3,412.08
4,847.51
4,589.26
4,887.12
Simon Property Group Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
EBITDA
1,362.34
1,027.62
1,125.13
1,269.55
1,464.82
Competitive Comparison
For the REIT - Retail subindustry, Simon Property Group's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Simon Property Group EV-to-EBITDA Distribution
For the REITs industry and Real Estate sector, Simon Property Group's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Simon Property Group's EV-to-EBITDA falls into.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is what the company earns before it expenses interest, taxes, depreciation and amortization.
Simon Property Group's EBITDA for the fiscal year that ended in Dec. 2023 is calculated as
Simon Property Group's EBITDA was directly provided by GuruFocus' data source Morningstar. For the fiscal year ended in Dec. 2023, Simon Property Group's EBITDA was $4,887 Mil.
Simon Property Group's EBITDA for the quarter that ended in Dec. 2023 is calculated as
Simon Property Group's EBITDA was directly provided by GuruFocus' data source Morningstar. For the quarter ended in Dec. 2023, Simon Property Group's EBITDA was $1,465 Mil.
EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,887 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sometimes companies may have already deducted Depreciation and Amortization from Gross Profit. In this case Depreciation and Amortization needs to be added back when calculating EBITDA.
Simon Property Group (NYSE:SPG) EBITDA Explanation
EBITDA is a cash flow measure that ignores changes in working capital. EBITDA minus Depreciation, and Amortization (DA) equals Operating Income. Operating Income is profit before interest and taxes. Of course, Interest and taxes need to be paid.
While depreciation and amortization expenses do not need to be paid in cash, assets - especially tangible assets - do need to be replaced over time. EBITDA is not a measure of profit in any sense. EBITDA is a measure of cash generation by a business where the uses of that cash may be more or less discretionary depending on the nature of the business.
The EBITDA of a TV station is largely discretionary. Owners may use much of the EBITDA generated by a TV station as they see fit. The EBITDA of a railroad is largely non-discretionary. Owners must use much of the EBITDA generated by a railroad to replace the physical assets of the railroad or the business will literally fall apart over time.
EBITDA can be thought of as the cash a business generates that is available to:
Add more inventory
Add more receivables
Replace property, plant, and equipment
Add more property, plant, and equipment
Pay interest
Pay taxes
And finally: pay owners
EBITDA is widely used in financial analysis because Depreciation and Amortization are not present day cash expenses.. Depreciation and amortization are the spreading out of the costs of assets over the time in which those assets provide benefits. Today's depreciation and amortization expenses relate to assets bought in the past. The assets being expensed may or may not need to be replaced in the future. And the cost to replace the assets may be more or less than it was in the past. For this reason, the depreciation and amortization expenses a company records in the present year may have no relationship to the actual cash costs needed to maintain its assets in future years.
A company's depreciation expense depends on both its expectations about the assets it owns and its choice of accounting methods. Two companies owning identical assets may have different depreciation expenses because they have different expectations about the useful lives of those assets and because they make different accounting choices.
Analysts use EBITDA to remove this element of personal choice from a company's accounting statements. The use of EBITDA is an attempt to make the results of different companies more comparable and uniform.
Be Aware
Although depreciation is not a cash cost it is a real business cost because the company has to pay for the fixed assets when they purchase them. Both Warren Buffett and Charlie Munger hate the idea of EBITDA because in this calculation, depreciation is not counted as an expense.
EBITDA over Revenue is a good metric for comparing the operating efficiencies between companies because EBITDA is less vulnerable to companies' accounting choices. For this reason, EBITDA is used in ranking the Predictability of Companies. Also Price-to-EBITDA is sometimes used in valuations.
Simon Property Group EBITDA Related Terms
Thank you for viewing the detailed overview of Simon Property Group's EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.
Simon Property Group (Simon Property Group) Business Description
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.
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