SPG (Simon Property Group) Pre-Tax Income: $5,384 Mil (TTM As of Jun. 2026)

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SPG Simon Property Group Inc SPG
81 GF Score
Price $204.83
GF Value $196.38
Valuation Fairly Valued
! 6 Warning Signs
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What is Simon Property Group Pre-Tax Income?

Simon Property Group SPG +0.08% 81 Pre-Tax Income is $5,384 Mil as of Jun. 2026. GuruFocus rates SPG with a GF Score™ of 81/100 and a GF Value™ of $196.38 (Fairly Valued). The stock has 6 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Simon Property Group's pretax income for the three months ended in Jun. 2026 was $585 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was $5,384 Mil. Simon Property Group's pretax margin was 32.67%.

During the past 13 years, Simon Property Group's highest Pretax Margin was 84.84%. The lowest was 27.62%. And the median was 46.92%.


Simon Property Group  (NYSE:SPG) Pre-Tax Income Explanation

Simon Property Group's Pretax Margin for the quarter that ended in Jun. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=584.939/1790.598
=32.67%

During the past 13 years, Simon Property Group's highest Pretax Margin was 84.84%. The lowest was 27.62%. And the median was 46.92%.

* 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 Pre-Tax Income Related Terms


Simon Property Group Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Simon Property Group's Pre-Tax Income 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.

Simon Property Group Pre-Tax Income Chart

Simon Property Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,725.91 2,535.90 2,698.89 2,752.28 5,399.91

Simon Property Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 678.79 717.81 3,533.09 548.60 584.94

SPG vs O, KIM, REG: Pre-Tax Income Comparison

For the REIT - Retail subindustry, Simon Property Group's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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 Pre-Tax Income vs REITs Industry

For the REITs industry and Real Estate sector, Simon Property Group's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Simon Property Group's Pre-Tax Income falls into.


SPG
81GF Score
Simon Property Group Inc SPG
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Simon Property Group Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Simon Property Group's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=3175.396+3199.347+-974.835+0+0
=5,400

Simon Property Group's Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=824.098+42.005+-281.164+0+0
=585

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,384 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.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of $5,384 Mil mean?
Simon Property Group (SPG) has a Pre-Tax Income of $5,384 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Simon Property Group and its competitors.
Is Simon Property Group's Pre-Tax Income too high?
Simon Property Group's current Pre-Tax Income is $5,384 Mil. Overall, Simon Property Group has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Simon Property Group's Pre-Tax Income compare to O and KIM?
Simon Property Group's Pre-Tax Income of $5,384 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a REITs company?
A good Pre-Tax Income depends on the REITs industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Simon Property Group and its competitors. Simon Property Group's current Pre-Tax Income is $5,384 Mil. 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?
Based on GuruFocus' analysis, Simon Property Group (SPG) is currently considered Fairly Valued. The stock's GF Value™ is $196.38, compared to a current price of $204.83 — trading 4.3% above its estimated fair value. The current Pre-Tax Income is $5,384 Mil. Simon Property Group's overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Simon Property Group (SPG), the current Pre-Tax Income is $5,384 Mil as of Jun. 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 (SPG) Overvalued in 2026?

Based on GuruFocus' analysis, Simon Property Group stock appears to be overvalued. The current stock price of $204.83 is trading 4.3% above its estimated GF Value™ of $196.38. GuruFocus considers Simon Property Group to be Fairly Valued.

Key valuation signals for SPG:

  • Pre-Tax Income: $5,384 Mil
  • GF Value™: $196.38 vs. price of $204.83 (4.3% above fair value)
  • GF Score™: 81/100 with 6 warning signs

No single metric tells the full story. See the SPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Simon Property Group Business Description

Industry Real EstateREITs
Address 225 West Washington Street, Indianapolis, IN, USA, 46204
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.
81GF Score

Get the complete analysis for SPG

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$204.83
Price
$196.38
GF Value