Simon Property Group (SPG) Stock Buyback History
TTM buyback yield 0.69% · Shareholder yield (TTM) 0.69%.
TTM buyback yield
0.69%
Shareholder yield (TTM)
0.69%
5Y share count change
5.6%
TTM buyback spend
$417.27M
SBC coverage (TTM)
N/A
YoY change in spend
+2051.5%
5Y CAGR of spend
+6.0%
Peak year (2023)
$518.29M
Cumulative spend
$5.03B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Simon Property Group (SPG) repurchased about $417.27M of stock over the trailing twelve months.
- Diluted share count is up 5.6% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- Cash buyback spend has compounded at +6.0% per year over the latest 5-year window.
- TTM repurchases used about 26% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $227.15M | $0.00 | $227.15M | 0.33B | -0.0% | 0.38% |
| 2024 | $10.56M | $0.00 | $10.56M | 0.33B | -0.2% | 0.02% |
| 2023 | $518.29M | $0.00 | $518.29M | 0.33B | -0.3% | 1.11% |
| 2022 | $515.90M | $24.70M | $491.20M | 0.33B | -0.2% | 1.34% |
| 2021 | $2.32M | $24.80M | −$22.48M | 0.33B | 6.4% | 0.00% |
| 2020 | $169.55M | $1.90M | $167.65M | 0.31B | 0.3% | 0.61% |
| 2019 | $369.90M | $26.80M | $343.10M | 0.31B | -0.5% | 0.81% |
| 2018 | $438.85M | $0.00 | $438.85M | 0.31B | -0.6% | 0.84% |
| 2017 | $410.12M | $23.00M | $387.12M | 0.31B | -0.4% | 0.77% |
| 2016 | $259.89M | $40.10M | $219.79M | 0.31B | 0.8% | 0.47% |
| 2015 | $509.28M | $34.30M | $474.98M | 0.31B | -0.2% | 0.85% |
| 2014 | $14.44M | $39.90M | −$25.46M | 0.31B | 0.2% | 0.03% |
| 2013 | $0.00 | $39.10M | −$39.10M | 0.31B | 2.3% | — |
| 2012 | $248.00M | $32.40M | $215.60M | 0.30B | 3.3% | 0.54% |
| 2011 | $0.00 | $0.00 | $0.00 | 0.29B | 0.8% | — |
| 2010 | $10.99M | $0.00 | $10.99M | 0.29B | 8.5% | 0.04% |
| 2009 | $87.69M | $0.00 | $87.69M | 0.27B | 18.9% | 0.41% |
| 2008 | $1.84M | $0.00 | $1.84M | 0.23B | 0.9% | 0.02% |
| 2007 | $384.46M | $0.00 | $384.46M | 0.22B | 0.8% | 2.11% |
| 2006 | $409.71M | $0.00 | $409.71M | 0.22B | 0.5% | 1.96% |
| 2005 | $194.42M | $0.00 | $194.42M | 0.22B | 5.8% | 1.22% |
| 2004 | $99.88M | $0.00 | $99.88M | 0.21B | 9.9% | 0.77% |
| 2003 | $93.95M | $0.00 | $93.95M | 0.19B | 5.5% | 1.09% |
| 2002 | $0.00 | $0.00 | $0.00 | 0.18B | 3.6% | — |
| 2001 | $0.00 | $0.00 | $0.00 | 0.17B | 0.7% | — |
| 2000 | $50.97M | $0.00 | $50.97M | 0.17B | 0.1% | — |
| 1999 | $0.00 | $0.00 | $0.00 | 0.17B | 36.9% | — |
| 1998 | $0.00 | $0.00 | $0.00 | 0.13B | 26.0% | — |
| 1997 | $0.00 | $0.00 | $0.00 | 0.10B | -16.5% | — |
| 1996 | $0.00 | $0.00 | $0.00 | 0.12B | — | — |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Simon Property Group (SPG) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Simon Property Group (SPG)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Simon Property Group (SPG)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $227.15M | +2051.5% | +$216.60M | ||
| 2024 | $10.56M | -98.0% | -$507.73M | ||
| 2023 | $518.29M | +0.5% | +$2.38M | ||
| 2022 | $515.90M | +22156.5% | +$513.59M | ||
| 2021 | $2.32M | -98.6% | -$167.23M | ||
| 2020 | $169.55M | -54.2% | -$200.35M | ||
| 2019 | $369.90M | -15.7% | -$68.95M | ||
| 2018 | $438.85M | +7.0% | +$28.73M | ||
| 2017 | $410.12M | +57.8% | +$150.22M | ||
| 2016 | $259.89M | -49.0% | -$249.38M | ||
| 2015 | $509.28M | +3428.1% | +$494.84M | ||
| 2014 | $14.44M | — | +$14.44M | ||
| 2013 | $0 | -100.0% | -$248.00M | ||
| 2012 | $248.00M | — | +$248.00M | ||
| 2011 | $0 | -100.0% | -$10.99M | ||
| 2010 | $10.99M | -87.5% | -$76.69M | ||
| 2009 | $87.69M | +4652.8% | +$85.84M | ||
| 2008 | $1.84M | -99.5% | -$382.62M | ||
| 2007 | $384.46M | -6.2% | -$25.25M | ||
| 2006 | $409.71M | +110.7% | +$215.29M | ||
| 2005 | $194.42M | +94.7% | +$94.54M | ||
| 2004 | $99.88M | +6.3% | +$5.92M | ||
| 2003 | $93.95M | — | +$93.95M | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | -100.0% | -$50.97M | ||
| 2000 | $50.97M | — | +$50.97M | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | — | $0 | ||
| 1997 | $0 | — | $0 | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | — | $0 | ||
| 1993 | $0 | — | — |
As of the 2025 fiscal year, Simon Property Group (SPG) reported buyback spend of $227.15M – surged 2051.5% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Simon Property Group buyback spend compounded at +6.0% per year, with the latest reading among the more recent periods of the dataset.
Simon Property Group buyback spend plunged from $518.29M in 2023 to $227.15M in 2025, a 56.2% drawdown.
The highest annual buyback spend of $518.29M was reported in 2023. The lowest in the available history was $0 in 1993.
Among 8 Real Estate peers, Simon Property Group (SPG) ranks 2nd; the peer median for buyback spend is $0.
Simon Property Group Buyback Spend 2025: $227.15M
Simon Property Group buyback spend in 2025 was $227.15M, surged 2051.5% from 2024.
Simon Property Group Buyback Spend 2024: $10.56M
Simon Property Group buyback spend in 2024 was $10.56M, plunged 98.0% below 2023.
Simon Property Group Buyback Spend 2023: $518.29M
Simon Property Group buyback spend in 2023 was $518.29M, edged up 0.5% from 2022. This figure represents the highest annual value in the available history.
Simon Property Group Buyback Spend 2022: $515.90M
Simon Property Group buyback spend in 2022 was $515.90M, surged 22156.5% from 2021.
Simon Property Group Buyback Spend 2021: $2.32M
Simon Property Group buyback spend in 2021 was $2.32M.
See more financial history for Simon Property Group (SPG).
Sector peers by buyback spend
Companies in the same sector as Simon Property Group, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| American Tower (AMT) | $364.60M | Real Estate |
| Welltower (WELL) | $0 | Real Estate |
| Prologis (PLD) | $0 | Real Estate |
| Equinix (EQIX) | $0 | Real Estate |
| Digital Realty Trust (DLR) | $0 | Real Estate |
| Realty Income (O) | $0 | Real Estate |
| Public Storage (PSA) | $0 | Real Estate |
| Ventas (VTR) | $0 | Real Estate |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: N/A.
Capital allocation mix
How Simon Property Group splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.61B (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Simon Property Group's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Simon Property Group buy back its own stock?
Yes, Simon Property Group (SPG) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Simon Property Group spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $417.27M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Simon Property Group's buyback yield?
TTM buyback yield is about 0.69% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Simon Property Group's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 0.69% combined (TTM-based where available).
Is Simon Property Group diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Simon Property Group's share count changed?
Diluted weighted average shares changed by about 5.6% over roughly five fiscal years (annual income statement data).
What is Simon Property Group's buyback spend?
Latest reported buyback spend for Simon Property Group (SPG) is $417.27M (period ending March 31, 2026).
How has Simon Property Group buyback spend changed year-over-year?
Simon Property Group (SPG) buyback spend changed +2051.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Simon Property Group buyback spend?
Simon Property Group (SPG) buyback spend compound annual growth rate is +6.0% over the most recent 5 years available.
When did Simon Property Group buyback spend hit its highest annual value?
Simon Property Group buyback spend reached its highest annual value of $518.29M in 2023.
What was Simon Property Group buyback spend in 2024?
Simon Property Group (SPG) buyback spend in 2024 was $10.56M.
What was Simon Property Group buyback spend in 2025?
Simon Property Group (SPG) buyback spend in 2025 was $227.15M.
Explore more
SPG Overview
Company profile, financial tools, and key metrics
SPG Revenue Counter
Earns $210.83 every second. See per minute, hour, and day.
SPG Earnings Counter
Earns $148.43 per second net profit. See per minute, hour, and day.
SPG Economic Scale
Exceeds French Polynesia's GDP. Compare with world economies.
SPG What If Invested
What if you had invested $1,000? See historical returns from any date.
SPG How It Makes Money
Discover visual breakdown of $6.65B in revenue — where it comes from and where it goes.
SPG Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
SPG Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
SPG Daily Price Character
Balanced · 50.6% historical win rate (green days). Streaks & record days.
SPG Stock Split History
2 splits on record. Dates, ratios, and cumulative multiple.
SPG Dividend Profile
Yield: 4.24%. Safety: 3/8. See full history.
SPG Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
SPG Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
SPG Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
SPG Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.