Simon Property Group, Inc. (SPG)
The payout ratio for Simon Property Group, Inc. (SPG) stock is 62.23% over the past 12 months. SPG has a payout ratio of 62.2%, based on $8.80 of dividends per share and $14.35 of EPS.
REIT note: for real-estate investment trusts the net-income payout ratio overstates the dividend, because large non-cash depreciation depresses GAAP earnings. REITs are evaluated on FFO / AFFO payout (the industry standard) and on the FCF payout — a payout above 100% here is normal for a REIT and is not, by itself, a sign the dividend is unsafe.
SPG Payout Ratio History
Annual Payout Ratio History
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $14.14 | $8.55 | 60.5% |
| 2024 | $7.26 | $8.10 | 111.6% |
| 2023 | $6.97 | $7.45 | 106.9% |
| 2022 | $6.52 | $6.90 | 105.8% |
| 2021 | $6.84 | $5.85 | 85.5% |
| 2020 | $3.59 | $6.00 | 167.1% |
| 2019 | $6.79 | $8.30 | 122.2% |
| 2018 | $7.88 | $7.90 | 100.3% |
| 2017 | $6.24 | $7.15 | 114.6% |
| 2016 | $5.87 | $6.50 | 110.7% |
| 2015 | $5.88 | $6.05 | 102.9% |
| 2014 | $4.52 | $5.00 | 110.6% |
| 2013 | $4.24 | $4.37 | 103.2% |
| 2012 | $4.72 | $3.86 | 81.7% |
| 2011 | $3.48 | $3.29 | 94.6% |
| 2010 | $2.10 | $2.45 | 116.5% |
| 2009 | $1.06 | $1.62 | 152.5% |
| 2008 | $1.88 | $3.34 | 177.7% |
| 2007 | $1.96 | $3.12 | 159.1% |
| 2006 | $2.20 | $2.82 | 128.3% |
| 2005 | $1.82 | $2.60 | 142.8% |
| 2004 | $1.45 | $2.41 | 166.4% |
| 2003 | $1.65 | $2.23 | 135.0% |
| 2002 | $1.99 | $2.02 | 101.4% |
| 2001 | $0.86 | $1.93 | 224.5% |
| 2000 | $1.08 | $1.87 | 173.6% |
| 1999 | $0.97 | $1.87 | 193.3% |
| 1998 | $1.06 | $1.91 | 179.8% |
| 1997 | $1.08 | $1.86 | 172.5% |
| 1996 | $0.99 | $2.28 | 230.6% |
About Simon Property Group, Inc.
Simon Property Group (NYSE: SPG) is a prominent S&P 100 real estate investment trust that specializes in owning and developing a portfolio of world-class shopping, dining, entertainment, and mixed-use destinations. These significant properties, strategically located across North America, Europe, and Asia, serve as vital community hubs, attracting millions of visitors daily and contributing billions in annual revenue.
- Sector
- Real Estate
- Industry
- REIT - Retail
- CEO
- Eli Simon