ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Simon Property Group's annualizedNet Income for the quarter that ended in Mar. 2026 was $1,922 Mil.
Simon Property Group's average Total Assets over the quarter that ended in Mar. 2026 was $40,123 Mil. Therefore, Simon Property Group's annualized ROA % for the quarter that ended in Mar. 2026 was 4.79%.
The historical rank and industry rank for Simon Property Group's ROA % or its related term are showing as below:
LIM:SPG'
s ROA % Range Over the Past 10 Years
Min: 3.37 Med: 6.68 Max: 13.06
Current: 13.06
During the past 13 years, Simon Property Group's highest ROA % was 13.06%. The lowest was 3.37%. And the median was 6.68%.
LIM:SPG's ROA % is ranked better than 92.43% of 938
companies
in the REITs industry
Industry Median: 3.23
vs LIM:SPG: 13.06
Simon Property Group (LIM:SPG) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs REITs Industry
For the REITs industry and Real Estate sector, Simon Property Group's ROA % distribution charts can be found below:
* The bar in red indicates where Simon Property Group's ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
Simon Property Group (LIM:SPG) has a ROA % of 4.79% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total 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 ROA % has ranged from 3.37 to 13.06. According to the industry distribution chart, Simon Property Group ranks #71 out of 938 companies in the REITs industry, placing it in the top 7.6%.
Is Simon Property Group's ROA % too high?
Simon Property Group's current ROA % 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 3.37 to a high of 13.06. The REITs industry median ROA % is 3.23. Simon Property Group's value of 4.79% is 48.3% above this industry median. Based on the distribution chart, Simon Property Group ranks #71 out of 938 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 80/100, reflecting its overall financial health beyond just this single metric.
How does Simon Property Group's ROA % compare to O and KIM?
According to the REITs industry distribution chart, Simon Property Group ranks #71 out of 938 companies for ROA %. This places Simon Property Group in the top 8% of its industry — outperforming the majority of peers. The industry median ROA % is 3.23. Simon Property Group's value of 4.79% is 48.3% above this benchmark. Historically, Simon Property Group's own ROA % has ranged from 3.37 to 13.06 over the past decade. While the company's 10-year median is 6.68 vs. the industry median of 3.23, 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.23, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Simon Property Group's current ROA % of 4.79% is 48.3% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Simon Property Group and its competitors. For the REITs industry, the median ROA % is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Simon Property Group's current ROA % 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 ROA % of 4.79%. 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 ROA % is 4.79%, which is 28% below median its 10-year median of 6.68 and 48.3% above the REITs industry median of 3.23. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Simon Property Group (LIM:SPG), the current ROA % 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 20.1% above its estimated GF Value™ of $153.38.
Key valuation signals for LIM:SPG:
ROA %: 4.79% (28% below median its 10-year median of 6.68)
GF Value™: $153.38 vs. price of $184.20 (20.1% above fair value)
Industry Position: 48.3% above the REITs median (#71 of 938)
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.
80GF Score
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