SPG

Simon Property Group, Inc.

Real Estate · $66.2B market cap

Verdict

Share price

$200.95

close of Oct 3, 2026

Fair value

$138.38

Sticker Price

Payback Price

$55.35

buy price

Overpriced

SPG is Overpriced: at $200.95 it trades 45% above its fair value of $138.38. Its buy price (Payback Price) is $55.35, 72% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

FFO-Based (REIT). A real estate trust. Depreciation makes a property owner's profit look smaller than the cash it brings in, so we value it on funds from operations (FFO).

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth10.3% a year✓
Equity per share growth-3.8% a year✗
Sales growth3.1% a year✗
Free cash flow growth7.7% a year✗
Return on invested capital9.3%✗

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Insider activity

Since Jun 30, 2026: 28 open-market purchases worth $533K and 7 other filings (stock awards, tax withholding and similar). Why purchases matter

Purchases

Other filings

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.

REIT - Retail

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works

SPG stock (Simon Property Group, Inc.): fair value $138.38, Overpriced — PaybackPrice