Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Simon Property Group's
Operating Income
for the
three
months ended in Mar. 2026 was €659 Mil. Simon Property Group's Interest Expense for the
three
months ended in Mar. 2026 was €-238 Mil.
Simon Property Group's interest coverage for the quarter that ended in Mar. 2026 was 2.76.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Simon Property Group Inc interest coverage is 3.14, which is low.
The historical rank and industry rank for Simon Property Group's Interest Coverage or its related term are showing as below:
WBO:SPGR'
s Interest Coverage Range Over the Past 10 Years
Min: 2.51 Med: 3.34 Max: 3.69
Current: 3.14
WBO:SPGR's Interest Coverage is ranked better than 50.36% of 701
companies
in the REITs industry
Industry Median: 3.12
vs WBO:SPGR: 3.14
Simon Property Group (WBO:SPGR) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Simon Property Group Interest Coverage Related Terms
Simon Property Group Interest Coverage Historical Data
* Premium members only.
The historical data trend for Simon Property Group's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
WBO:SPGR vs O, KIM, REG: Interest Coverage Comparison
For the REIT - Retail subindustry, Simon Property Group's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Simon Property Group's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Simon Property Group's Interest Coverage falls into.
Simon Property Group Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Simon Property Group (WBO:SPGR) has a Interest Coverage of 2.76 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Simon Property Group and its competitors. This is 17% below median its historical median of 3.34. Over the past decade, Simon Property Group's Interest Coverage has ranged from 2.51 to 3.69. According to the industry distribution chart, Simon Property Group ranks #348 out of 701 companies in the REITs industry, placing it in the top 49.6%.
Is Simon Property Group's Interest Coverage too high?
Simon Property Group's current Interest Coverage of 2.76 is 17% below median its 10-year median of 3.34. Over the past 10 years, this metric has ranged from a low of 2.51 to a high of 3.69. The REITs industry median Interest Coverage is 3.12. Simon Property Group's value of 2.76 is 11.5% below this industry median. Based on the distribution chart, Simon Property Group ranks #348 out of 701 companies in the REITs industry, which is above the industry midpoint. Overall, Simon Property Group has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Simon Property Group's Interest Coverage compare to O and KIM?
According to the REITs industry distribution chart, Simon Property Group ranks #348 out of 701 companies for Interest Coverage. This puts Simon Property Group in the upper half of its industry. The industry median Interest Coverage is 3.12. Simon Property Group's value of 2.76 is 11.5% below this benchmark. Historically, Simon Property Group's own Interest Coverage has ranged from 2.51 to 3.69 over the past decade. While the company's 10-year median is 3.34 vs. the industry median of 3.12, Simon Property Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.12, based on 701 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Simon Property Group's current Interest Coverage of 2.76 is 11.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Simon Property Group and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Simon Property Group's current Interest Coverage is 2.76, which is 17% below median its own 10-year median of 3.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Simon Property Group stock overvalued right now?
Simon Property Group (WBO:SPGR) has a current Interest Coverage of 2.76. The stock's GF Value™ is €158.06, compared to a current price of €198.70 — trading 25.7% above its estimated fair value. The current Interest Coverage is 2.76, which is 17% below median its 10-year median of 3.34 and 11.5% below the REITs industry median of 3.12. Simon Property Group's overall GF Score™ is 79/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Simon Property Group (WBO:SPGR), the current Interest Coverage is 2.76 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Simon Property Group (WBO:SPGR) Overvalued in 2026?
Based on GuruFocus' analysis, Simon Property Group stock appears to be overvalued.
The current stock price of €198.70 is trading 25.7% above its estimated GF Value™ of €158.06.
Key valuation signals for WBO:SPGR:
Interest Coverage: 2.76 (17% below median its 10-year median of 3.34)
GF Value™: €158.06 vs. price of €198.70 (25.7% above fair value)
Industry Position: 11.5% below the REITs median (#348 of 701)
No single metric tells the full story. See the WBO:SPGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Simon Property Group is the largest retail real estate investment trust in the United States. Its portfolio includes an interest in 254 properties: 114 traditional malls, 108 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), six lifestyle centers, and 12 other retail properties. Simon's portfolio averaged $736 in sales per square foot over the trailing 12 months. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 14 countries.
79GF Score
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