SPGSimon Property Group
Is it safe?
Mostly sound, with a caveat: insiders buying and steady price behavior, but heavy debt (BB).
Multiple insiders bought with their own money (net +$461K, 90 days to Oct 8, 2026).
Moderately leveraged. A rule of thumb on leverage, not a credit rating.
Relatively steady, low volatility. Worst drawdown -77% · now 16% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can SPG take a bad year?
Simon Property Group carries $27.7B of net debt at 5.57× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 5.57×
Net debt / EBITDA · 5.50× a year ago · the load is going up
- Interest cover
- 3.07×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 23%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $28.7B
- Cash and short-term investments
- $1.02B
- Net debt
- $27.7B
- EBITDA, trailing twelve months
- $4.97B
- Operating profit, trailing twelve months
- $3.29B
- Debt / equity
- 6.47×
- Total debt / EBITDA
- 5.78×
- Annualised volatilitytwo years of daily moves
- 23%
- Worst drawdown on file
- −77%
- Below its 52-week high
- 16%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
REIT, Retail
The closest names by size in the same industry