Simon Property Group (LIM:SPG) Interest Expense : $-886 Mil (TTM As of Mar. 2024)

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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 Mar. 2024 was $ -231 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-886 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 Mar. 2024 was $ 735 Mil. Simon Property Group's Interest Expense for the three months ended in Mar. 2024 was $ -231 Mil. Simon Property Group's Interest Coverage for the quarter that ended in Mar. 2024 was 3.19. 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
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-199.43	-218.09	-212.21	-224.92	-230.62

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-886 Mil.

Simon Property Group (LIM: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 Mar. 2024 was $-231 Mil. Its Operating Income for the three months ended in Mar. 2024 was $735 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $26,045 Mil.

Simon Property Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	735.18	/	-230.623
	=	3.19

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

Simon Property Group (LIM:SPG) Business Description

Industry

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

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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.