Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Simon Property GroupLIM:SPG 81 Return-on-Tangible-Asset is 4.79% as of Mar. 2026, which is 28% below its 10-year median of 6.68. GuruFocus rates LIM:SPG with a GF Score™ of 81/100 and a GF Value™ of $149.78. The stock has 8 warning signs investors should review. Among 933 REITs companies, Simon Property Group ranks better than 92.5% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Simon Property Group's annualizedNet Income for the quarter that ended in Mar. 2026 was $1,922 Mil. Simon Property Group's average total tangible assets for the quarter that ended in Mar. 2026 was $40,088 Mil. Therefore, Simon Property Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.79%.
The historical rank and industry rank for Simon Property Group's Return-on-Tangible-Asset or its related term are showing as below:
LIM:SPG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.38 Med: 6.68 Max: 13.07
Current: 13.07
During the past 13 years, Simon Property Group's highest Return-on-Tangible-Asset was 13.07%. The lowest was 3.38%. And the median was 6.68%.
LIM:SPG's Return-on-Tangible-Asset is ranked better than 92.5% of 933
companies
in the REITs industry
Industry Median: 3.27
vs LIM:SPG: 13.07
Simon Property Group (LIM:SPG) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Simon Property Group Return-on-Tangible-Asset Related Terms
Simon Property Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Simon Property Group's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Chart
LIM:SPG vs O, KIM, REG: Return-on-Tangible-Asset Comparison
For the REIT - Retail subindustry, Simon Property Group's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Simon Property Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Simon Property Group's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.79% mean?
Simon Property Group (LIM:SPG) has a Return-on-Tangible-Asset of 4.79% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Simon Property Group and its competitors. This is 28% below median its historical median of 6.68. Over the past decade, Simon Property Group's Return-on-Tangible-Asset has ranged from 3.38 to 13.07. According to the industry distribution chart, Simon Property Group ranks #70 out of 933 companies in the REITs industry, placing it in the top 7.5%.
Is Simon Property Group's Return-on-Tangible-Asset too high?
Simon Property Group's current Return-on-Tangible-Asset of 4.79% is 28% below median its 10-year median of 6.68. Over the past 10 years, this metric has ranged from a low of 3.38 to a high of 13.07. The REITs industry median Return-on-Tangible-Asset is 3.27. Simon Property Group's value of 4.79% is 46.5% above this industry median. Based on the distribution chart, Simon Property Group ranks #70 out of 933 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Simon Property Group has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Simon Property Group's Return-on-Tangible-Asset compare to O and KIM?
According to the REITs industry distribution chart, Simon Property Group ranks #70 out of 933 companies for Return-on-Tangible-Asset. This places Simon Property Group in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.27. Simon Property Group's value of 4.79% is 46.5% above this benchmark. Historically, Simon Property Group's own Return-on-Tangible-Asset has ranged from 3.38 to 13.07 over the past decade. While the company's 10-year median is 6.68 vs. the industry median of 3.27, Simon Property Group has consistently been above 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Simon Property Group's current Return-on-Tangible-Asset of 4.79% is 46.5% above 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Simon Property Group and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Simon Property Group's current Return-on-Tangible-Asset is 4.79%, which is 28% below median its own 10-year median of 6.68. 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 Return-on-Tangible-Asset of 4.79%. The stock's GF Value™ is $149.78, compared to a current price of $184.20 — trading 23% above its estimated fair value. The current Return-on-Tangible-Asset is 4.79%, which is 28% below median its 10-year median of 6.68 and 46.5% above the REITs industry median of 3.27. Simon Property Group's overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Simon Property Group (LIM:SPG), the current Return-on-Tangible-Asset is 4.79% 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 23% above its estimated GF Value™ of $149.78.
Key valuation signals for LIM:SPG:
Return-on-Tangible-Asset: 4.79% (28% below median its 10-year median of 6.68)
GF Value™: $149.78 vs. price of $184.20 (23% above fair value)
Industry Position: 46.5% above the REITs median (#70 of 933)
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.
81GF Score
Get the complete analysis for LIM:SPG
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LIM:SPG has been successfully added to your 
