Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 5.96 is 30% below its 5-year average of 8.48, near the low end of its 5-year range (5.60–11.20).
As of the fiscal period ended Tuesday, March 31, 2026. 30.71% below its 12-month average of 8.61.
Reported quarterly debt to equity ratio; no daily interpolation.
DEBT TO EQUITY RATIO
5.96
DEBT TO EQUITY RATIO AVG TTM
8.61
DEBT TO EQUITY RATIO AVG 3Y
9.23
DEBT TO EQUITY RATIO AVG 5Y
8.51
DEBT TO EQUITY RATIO AVG 10Y
7.76
DEBT TO EQUITY RATIO AVG 15Y
6.86
DEBT TO EQUITY RATIO AVG 20Y
6.14
CURRENT VS TTM AVG
-30.71%
CURRENT VS 3Y AVG
-35.38%
CURRENT VS 5Y AVG
-29.94%
CURRENT VS 10Y AVG
-23.17%
CURRENT VS 15Y AVG
-13.06%
CURRENT VS 20Y AVG
-2.79%
SECTOR MEDIAN · REAL ESTATE
0.86
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+593.60%
vs the sector median at left
Simon Property Group, Inc.
Market Cap
$76.45B
Debt to Equity Ratio
5.96
TTM Avg
8.61
3Y Avg
9.23
5Y Avg
8.51
Market Cap
$72.18B
Debt to Equity Ratio
1.05
TTM Avg
0.95
3Y Avg
0.98
5Y Avg
0.93
Market Cap
$81.76B
Debt to Equity Ratio
12.31
TTM Avg
12.66
3Y Avg
11.20
5Y Avg
10.67
Market Cap
$61.37B
Debt to Equity Ratio
0.83
TTM Avg
0.76
3Y Avg
0.71
5Y Avg
0.71
Market Cap
$37.26B
Debt to Equity Ratio
-19.42
TTM Avg
45.37
3Y Avg
28.52
5Y Avg
20.95
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Simon Property Group, Inc. (SPG) | $76.45B | 5.96 | 8.61 | 9.23 | 8.51 |
| Digital Realty Trust, Inc. (DLR)vs › | $72.18B | 1.05 | 0.95 | 0.98 | 0.93 |
| American Tower Corporation (AMT)vs › | $81.76B | 12.31 | 12.66 | 11.20 | 10.67 |
| Realty Income Corporation (O)vs › | $61.37B | 0.83 | 0.76 | 0.71 | 0.71 |
| Public Storage (PSA)vs › | $58.56B | 1.11 | 1.04 | 0.92 | 0.79 |
| Equinix, Inc. (EQIX)vs › | $102.68B | 1.61 | 1.50 | 1.46 | 1.42 |
| Ventas, Inc. (VTR)vs › | $47.89B | 1.06 | 1.17 | 1.25 | 1.22 |
| CBRE Group, Inc. (CBRE)vs › | $43.41B | 1.13 | 0.91 | 0.71 | 0.65 |
| Iron Mountain Incorporated (IRM)vs › | $37.26B | -19.42 | 45.37 | 28.52 | 20.95 |
| Crown Castle Inc. (CCI)vs › | $33.93B | -18.08 | 4.13 | 3.56 | 2.99 |
Debt/Equity
5.96
Current Ratio
0.16
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-03-31 | 5.96 |
| 2025-12-31 | 5.60 |
| 2025-09-30 | 11.20 |
| 2025-06-30 | 10.57 |
| 2025-03-31 | 9.70 |
| 2024-12-31 | 8.42 |
| 2024-09-30 | 9.56 |
| 2024-06-30 | 8.77 |
| 2024-03-31 | 8.39 |
| 2023-12-31 | 8.77 |
| 2023-09-30 | 8.60 |
| 2023-06-30 | 8.87 |
| 2023-03-31 | 8.68 |
| 2022-12-31 | 8.11 |
| 2022-09-30 | 8.32 |
| 2022-06-30 | 8.27 |
| 2022-03-31 | 7.89 |
| 2021-12-31 | 7.68 |
| 2021-09-30 | 7.72 |
| 2021-06-30 | 8.27 |
| 2021-03-31 | 8.70 |
| 2020-12-31 | 8.96 |
| 2020-09-30 | 14.64 |
| 2020-06-30 | 13.69 |
| 2020-03-31 | 12.87 |
| 2019-12-31 | 9.77 |
| 2019-09-30 | 9.97 |
| 2019-06-30 | 7.99 |
| 2019-03-31 | 7.22 |
| 2018-12-31 | 7.07 |
| 2018-09-30 | 7.00 |
| 2018-06-30 | 6.97 |
| 2018-03-31 | 6.75 |
| 2017-12-31 | 6.68 |
| 2017-09-30 | 6.35 |
| 2017-06-30 | 6.29 |
| 2017-03-31 | 5.64 |
| 2016-12-31 | 5.33 |
| 2016-09-30 | 4.99 |
| 2016-06-30 | 4.96 |
| 2016-03-31 | 5.00 |
| 2015-12-31 | 5.03 |
| 2015-09-30 | 5.15 |
| 2015-06-30 | 4.97 |
| 2015-03-31 | 4.39 |
| 2014-12-31 | 4.09 |
| 2014-09-30 | 4.22 |
| 2014-06-30 | 4.18 |
| 2014-03-31 | 3.95 |
| 2013-12-31 | 4.03 |
| 2013-09-30 | 3.90 |
| 2013-06-30 | 3.89 |
| 2013-03-31 | 3.86 |
| 2012-12-31 | 3.91 |
| 2012-09-30 | 3.99 |
| 2012-06-30 | 3.78 |
| 2012-03-31 | 3.87 |
| 2011-12-31 | 4.12 |
| 2011-09-30 | 3.86 |
| 2011-06-30 | 3.55 |
| 2011-03-31 | 3.59 |
| 2010-12-31 | 3.62 |
| 2010-09-30 | 3.64 |
| 2010-06-30 | 3.72 |
| 2010-03-31 | 4.03 |
| 2009-12-31 | 4.18 |
| 2009-09-30 | 4.27 |
| 2009-06-30 | 4.24 |
| 2009-03-31 | 5.51 |
| 2008-12-31 | 5.93 |
| 2008-09-30 | 5.50 |
| 2008-06-30 | 5.23 |
| 2008-03-31 | 5.01 |
| 2007-12-31 | 4.83 |
| 2007-09-30 | 4.57 |
| 2007-06-30 | 4.30 |
| 2007-03-31 | 4.34 |
| 2006-12-31 | 3.87 |
| 2006-09-30 | 3.47 |
| 2006-06-30 | 3.39 |
| 2006-03-31 | 3.33 |
| 2005-12-31 | 3.27 |
| 2005-09-30 | 4.71 |
| 2005-06-30 | 4.03 |
| 2005-03-31 | 4.15 |
| 2004-12-31 | 4.47 |
| 2004-09-30 | 5.08 |
| 2004-06-30 | 4.99 |
| 2004-03-31 | 4.79 |
| 2003-12-31 | 4.62 |
| 2003-09-30 | 4.13 |
| 2003-06-30 | 3.95 |
| 2003-03-31 | 3.93 |
| 2002-12-31 | 3.68 |
| 2002-09-30 | 3.69 |
| 2002-06-30 | 4.00 |
