Simon Property GroupLIM:SPG 80 Net Margin % is 27.34% as of Mar. 2026, which is 32% below its 10-year median of 40.05. GuruFocus rates LIM:SPG with a GF Score™ of 80/100 and a GF Value™ of $153.38. The stock has 8 warning signs investors should review. Among 928 REITs companies, Simon Property Group ranks better than 66.06% on this metric.
The historical rank and industry rank for Simon Property Group's Net Margin % or its related term are showing as below:
LIM:SPG'
s Net Margin % Range Over the Past 10 Years
Min: 24.15 Med: 40.05 Max: 72.71
Current: 70.59
LIM:SPG's Net Margin % is ranked better than 66.06% of 928
companies
in the REITs industry
Industry Median: 45.23
vs LIM:SPG: 70.59
Simon Property Group (LIM:SPG) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Simon Property Group Net Margin % Related Terms
Simon Property Group Net Margin % Historical Data
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The historical data trend for Simon Property Group's Net Margin % 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.
For the REIT - Retail subindustry, Simon Property Group's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Simon Property Group's Net Margin % distribution charts can be found below:
* The bar in red indicates where Simon Property Group's Net Margin % falls into.
* 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 (LIM:SPG) has a Net Margin % of 27.34% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Simon Property Group and its competitors. This is 32% below median its historical median of 40.05. Over the past decade, Simon Property Group's Net Margin % has ranged from 24.15 to 72.71. According to the industry distribution chart, Simon Property Group ranks #315 out of 928 companies in the REITs industry, placing it in the top 33.9%.
Is Simon Property Group's Net Margin % too high?
Simon Property Group's current Net Margin % of 27.34% is 32% below median its 10-year median of 40.05. Over the past 10 years, this metric has ranged from a low of 24.15 to a high of 72.71. The REITs industry median Net Margin % is 45.23. Simon Property Group's value of 27.34% is 39.6% below this industry median. Based on the distribution chart, Simon Property Group ranks #315 out of 928 companies in the REITs industry, which is above the industry midpoint. Overall, Simon Property Group has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Simon Property Group's Net Margin % compare to O and KIM?
According to the REITs industry distribution chart, Simon Property Group ranks #315 out of 928 companies for Net Margin %. This puts Simon Property Group in the upper half of its industry. The industry median Net Margin % is 45.23. Simon Property Group's value of 27.34% is 39.6% below this benchmark. Historically, Simon Property Group's own Net Margin % has ranged from 24.15 to 72.71 over the past decade. While the company's 10-year median is 40.05 vs. the industry median of 45.23, 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 Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.23, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Simon Property Group's current Net Margin % of 27.34% is 39.6% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Simon Property Group and its competitors. For the REITs industry, the median Net Margin % is 45.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Simon Property Group's current Net Margin % is 27.34%, which is 32% below median its own 10-year median of 40.05. 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 (LIM:SPG) has a current Net Margin % of 27.34%. The stock's GF Value™ is $153.38, compared to a current price of $184.20 — trading 20.1% above its estimated fair value. The current Net Margin % is 27.34%, which is 32% below median its 10-year median of 40.05 and 39.6% below the REITs industry median of 45.23. Simon Property Group's overall GF Score™ is 80/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Simon Property Group (LIM:SPG), the current Net Margin % is 27.34% 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 (LIM:SPG) Overvalued in 2026?
Based on GuruFocus' analysis, Simon Property Group stock appears to be overvalued.
The current stock price of $184.20 is trading 20.1% above its estimated GF Value™ of $153.38.
Key valuation signals for LIM:SPG:
Net Margin %: 27.34% (32% below median its 10-year median of 40.05)
GF Value™: $153.38 vs. price of $184.20 (20.1% above fair value)
Industry Position: 39.6% below the REITs median (#315 of 928)
No single metric tells the full story. See the LIM:SPG 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.
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