Simon Property Group (Simon Property Group) Interest Expense : $-855 Mil (TTM As of Dec. 2023)

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What is Simon Property Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Simon Property Group's interest expense for the three months ended in Dec. 2023 was $ -225 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-855 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Simon Property Group's Operating Income for the three months ended in Dec. 2023 was $ 792 Mil. Simon Property Group's Interest Expense for the three months ended in Dec. 2023 was $ -225 Mil. Simon Property Group's Interest Coverage for the quarter that ended in Dec. 2023 was 3.52. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Simon Property Group Interest Expense Historical Data

The historical data trend for Simon Property Group's Interest Expense 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.

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Simon Property Group Interest Expense Chart

Simon Property Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-789.35

-784.40

-795.71

-761.25

-854.65

Simon Property Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-200.90	-199.43	-218.09	-212.21	-224.92

Simon Property Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-855 Mil.

Simon Property Group (NYSE:SPG) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Simon Property Group's Interest Expense for the three months ended in Dec. 2023 was $-225 Mil. Its Operating Income for the three months ended in Dec. 2023 was $792 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $26,518 Mil.

Simon Property Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	792.139	/	-224.923
	=	3.52

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Simon Property Group Inc interest coverage is 3.28, which is low.

Simon Property Group (Simon Property Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Simon Property Group Inc (NYSE:SPG) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

225 West Washington Street, Indianapolis, IN, USA, 46204

Website

https://www.simon.com

Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.

Executives

Larry C Glasscock	director	SYSCO CORPORATION, 1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Randall J Lewis	director	WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Allan B Hubbard	director	ANTHEM INC., 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Glyn Aeppel	director	6 WHIPPOORWILL LANE, WESTPORT CT 06880
Gary M Rodkin	director	700 ANDERSON HILL RD, PURCHASE NJ 10577
Reuben S Leibowitz	director	466 LEXINGTON AVENUE 10TH FL, NEW YORK NY 10017
Marta R Stewart	director	C/O NORFOLK SOUTHERN CORP, THREE COMMERCIAL PL, NORFOLK VA 23510-9219
Daniel C. Smith	director	3000 GODFREY GRADUATE AND EXECUTIVE CTR., 1275 EAST TENTH STREET, BLOOMINGTON IN 47405-1703
Stefan M Selig	director	2 EAST 70TH STREET, NEW YORK NY 10021
Peggy Fang Roe	director	100 COMMERCE LANE, APT. 1401, BETHESDA MD 20814
Karen N Horn	director
Smith J Albert Jr	director	111 MONUMENT CIRCLE, IN1-0175, INDIANAPOLIS IN 46204
Matthew A Jackson	officer: SVP, Assistant Treasurer	225 W. WASHINGTON ST., INDIANAPOLIS IN 46256
Kevin M Kelly	officer: Asst. General Counsel/Sec.	225 W. WASHINGTON ST., INDIANAPOLIS IN 46204
Donald G Frey	officer: EVP, Treasurer	225 W. WASHINGTON ST., INDIANAPOLIS IN 46204