Simon Property Group (SPG) seasonality heatmap
Returns across monthly, quarterly, and yearly periods. Cell color encodes signed magnitude; the scale auto-fits each table.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.3% | +6.6% | -7.4% | +9.2% | +0.6% | +6.9% | — | — | — | — | — | — |
| 2025 | +1.0% | +7.0% | -9.6% | -5.2% | +3.6% | -0.1% | +1.9% | +10.3% | +5.1% | -6.3% | +6.0% | +0.6% |
| 2024 | -2.8% | +6.9% | +7.0% | -10.2% | +7.7% | +1.6% | +1.1% | +9.1% | +2.3% | +0.1% | +8.6% | -5.1% |
| 2023 | +9.3% | -5.0% | -6.9% | +1.2% | -7.2% | +11.7% | +7.9% | -8.9% | -3.2% | +1.7% | +13.6% | +15.9% |
| 2022 | -7.9% | -6.6% | -3.1% | -10.3% | -2.8% | -15.9% | +14.5% | -6.1% | -10.5% | +21.4% | +9.6% | -0.1% |
| 2021 | +9.0% | +21.5% | +0.7% | +8.2% | +5.5% | +1.6% | -2.0% | +6.3% | -2.2% | +12.8% | +4.3% | +5.6% |
| 2020 | -10.6% | -6.2% | -55.4% | +21.7% | -13.6% | +18.5% | -7.0% | +8.8% | -4.7% | -1.1% | +31.5% | +4.9% |
| 2019 | +8.4% | +0.6% | +0.6% | -4.7% | -5.6% | -1.4% | +1.5% | -6.9% | +4.5% | -3.2% | +1.7% | -1.5% |
| 2018 | -4.9% | -4.8% | +0.6% | +1.3% | +3.8% | +6.2% | +3.5% | +5.0% | -3.4% | +3.8% | +2.3% | -9.5% |
| 2017 | +3.4% | +1.3% | -6.7% | -3.9% | -6.7% | +4.9% | -2.0% | +0.1% | +2.7% | -3.5% | +5.3% | +6.2% |
| 2016 | -4.2% | +2.8% | +9.5% | -3.1% | -1.0% | +9.7% | +4.7% | -4.4% | -3.9% | -10.2% | -2.5% | -1.1% |
| 2015 | +9.1% | -3.5% | +2.8% | -7.2% | +0.8% | -4.6% | +8.2% | -3.4% | +2.5% | +9.7% | -6.8% | +4.4% |
| 2014 | +1.8% | +5.0% | +1.7% | +5.6% | +3.0% | -0.1% | +1.2% | +1.9% | -3.3% | +9.0% | +1.6% | +0.7% |
| 2013 | +1.3% | -0.1% | -0.2% | +12.3% | -5.9% | -5.1% | +1.4% | -8.3% | +1.8% | +4.3% | -2.3% | +1.5% |
| 2012 | +5.4% | +0.4% | +7.5% | +6.8% | -4.6% | +5.5% | +3.1% | -0.5% | -4.3% | +0.3% | +0.7% | +3.9% |
| 2011 | +2.0% | +9.3% | -2.6% | +6.9% | +3.8% | -1.6% | +3.7% | -1.8% | -6.4% | +16.8% | -2.5% | +3.9% |
| 2010 | -9.8% | +9.7% | +7.2% | +6.1% | -3.9% | -5.0% | +10.5% | +2.1% | +2.5% | +3.5% | +3.4% | +1.0% |
| 2009 | -19.1% | -21.5% | +4.7% | +48.9% | +4.8% | -3.8% | +8.4% | +14.4% | +9.1% | -2.2% | +7.2% | +9.8% |
| 2008 | +2.9% | -5.3% | +10.9% | +7.5% | +0.4% | -9.5% | +3.1% | +3.4% | +2.2% | -30.9% | -28.0% | +11.9% |
| 2007 | +12.9% | -0.8% | -1.3% | +3.6% | -5.6% | -13.8% | -7.0% | +10.7% | +5.4% | +4.3% | -4.9% | -11.8% |
| 2006 | +8.1% | +1.1% | +1.4% | -2.7% | -1.8% | +4.2% | +3.1% | +0.0% | +6.9% | +7.2% | +5.8% | -0.7% |
| 2005 | -8.3% | +5.6% | -2.2% | +9.1% | +5.1% | +5.4% | +10.0% | -3.7% | -2.6% | -3.4% | +8.9% | -0.9% |
| 2004 | +12.3% | +5.9% | +7.2% | -17.5% | +8.5% | -0.3% | +0.4% | +9.8% | -4.1% | +9.5% | +6.9% | +4.1% |
| 2003 | -4.1% | +7.9% | +3.4% | +2.5% | +4.0% | +3.7% | +8.6% | +2.2% | +2.1% | +3.4% | +6.6% | -2.3% |
| 2002 | +3.3% | +3.4% | +6.0% | +3.4% | +2.7% | +8.1% | -2.3% | +0.5% | +0.3% | -4.4% | +0.3% | +1.1% |
| 2001 | +9.8% | -0.9% | +0.0% | +3.4% | +4.6% | +10.5% | -5.5% | +5.2% | -8.2% | +2.2% | +7.1% | +1.5% |
| 2000 | +7.6% | -3.3% | -0.3% | +9.2% | -1.9% | -9.5% | +17.8% | -11.1% | +2.8% | -4.9% | +5.1% | +4.6% |
| 1999 | -7.7% | -1.5% | +8.0% | +4.5% | +3.7% | -13.3% | +4.7% | -2.1% | -12.1% | +2.9% | +3.3% | -1.7% |
| 1998 | +1.5% | -5.4% | +10.8% | -3.8% | +2.8% | -2.6% | -4.2% | -5.1% | +4.3% | +0.6% | -0.9% | -3.9% |
| 1997 | -5.5% | +4.6% | +0.4% | -5.4% | +7.5% | +5.9% | +0.0% | +0.5% | +4.2% | -6.3% | +7.4% | +0.0% |
| 1996 | -6.5% | +4.4% | -1.0% | +1.6% | +5.4% | +1.0% | -2.1% | +7.9% | +2.5% | +3.5% | +5.7% | +13.1% |
| 1995 | -3.6% | +4.4% | +1.9% | -2.5% | +4.7% | +1.0% | -0.6% | +0.6% | +3.0% | -6.6% | -0.4% | +5.4% |
| 1994 | +8.3% | +5.2% | +1.3% | +4.4% | +2.2% | -1.0% | +0.0% | -1.0% | -1.0% | -6.9% | -1.1% | +4.6% |
| 1993 | — | — | — | — | — | — | — | — | — | — | — | — |
| Avg | +0.8% | +1.5% | -0.1% | +3.1% | +0.7% | +0.4% | +2.7% | +1.1% | -0.2% | +0.8% | +3.2% | +2.1% |
| Median | +1.8% | +1.3% | +0.7% | +3.4% | +2.7% | +0.4% | +1.7% | +0.5% | +1.9% | +1.2% | +3.8% | +1.3% |
| Last 5Y Avg | +0.6% | +1.8% | -4.0% | -3.1% | +0.4% | -0.2% | +4.7% | +2.1% | -1.7% | +5.9% | +8.4% | +3.4% |
| Std Dev (σ) | 7.7% | 7.2% | 11.2% | 11.2% | 5.2% | 7.7% | 5.8% | 6.4% | 5.0% | 9.2% | 8.8% | 5.8% |
| Consistency (μ/σ) | 0.10 | 0.21 | -0.01 | 0.27 | 0.14 | 0.05 | 0.46 | 0.17 | -0.04 | 0.09 | 0.37 | 0.36 |
| Win Rate (%) | 61% | 61% | 61% | 64% | 64% | 50% | 66% | 59% | 56% | 59% | 72% | 63% |
| Winning / Losing Months | ▲20▼13 | ▲20▼13 | ▲20▼13 | ▲21▼12 | ▲21▼12 | ▲16▼16 | ▲21▼11 | ▲19▼13 | ▲18▼14 | ▲19▼13 | ▲23▼9 | ▲20▼12 |
| Longest Win / Loss Streak | ▲5▼3 | ▲5▼4 | ▲3▼2 | ▲8▼3 | ▲6▼2 | ▲3▼5 | ▲9▼5 | ▲5▼3 | ▲5▼4 | ▲6▼2 | ▲9▼2 | ▲8▼3 |
| Best | +12.9%in January 2007 | +21.5%in February 2021 | +10.9%in March 2008 | +48.9%in April 2009 | +8.5%in May 2004 | +18.5%in June 2020 | +17.8%in July 2000 | +14.4%in August 2009 | +9.1%in September 2009 | +21.4%in October 2022 | +31.5%in November 2020 | +15.9%in December 2023 |
| Worst | -19.1%in January 2009 | -21.5%in February 2009 | -55.4%in March 2020 | -17.5%in April 2004 | -13.6%in May 2020 | -15.9%in June 2022 | -7.0%in July 2007 | -11.1%in August 2000 | -12.1%in September 1999 | -30.9%in October 2008 | -28.0%in November 2008 | -11.8%in December 2007 |
−55.4%+48.9%
2026
Jan+3.3%
Feb+6.6%
Mar-7.4%
Apr+9.2%
May+0.6%
Jun+6.9%
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+1.0%
Feb+7.0%
Mar-9.6%
Apr-5.2%
May+3.6%
Jun-0.1%
Jul+1.9%
Aug+10.3%
Sep+5.1%
Oct-6.3%
Nov+6.0%
Dec+0.6%
2024
Jan-2.8%
Feb+6.9%
Mar+7.0%
Apr-10.2%
May+7.7%
Jun+1.6%
Jul+1.1%
Aug+9.1%
Sep+2.3%
Oct+0.1%
Nov+8.6%
Dec-5.1%
2023
Jan+9.3%
Feb-5.0%
Mar-6.9%
Apr+1.2%
May-7.2%
Jun+11.7%
Jul+7.9%
Aug-8.9%
Sep-3.2%
Oct+1.7%
Nov+13.6%
Dec+15.9%
2022
Jan-7.9%
Feb-6.6%
Mar-3.1%
Apr-10.3%
May-2.8%
Jun-15.9%
Jul+14.5%
Aug-6.1%
Sep-10.5%
Oct+21.4%
Nov+9.6%
Dec-0.1%
2021
Jan+9.0%
Feb+21.5%
Mar+0.7%
Apr+8.2%
May+5.5%
Jun+1.6%
Jul-2.0%
Aug+6.3%
Sep-2.2%
Oct+12.8%
Nov+4.3%
Dec+5.6%
2020
Jan-10.6%
Feb-6.2%
Mar-55.4%
Apr+21.7%
May-13.6%
Jun+18.5%
Jul-7.0%
Aug+8.8%
Sep-4.7%
Oct-1.1%
Nov+31.5%
Dec+4.9%
2019
Jan+8.4%
Feb+0.6%
Mar+0.6%
Apr-4.7%
May-5.6%
Jun-1.4%
Jul+1.5%
Aug-6.9%
Sep+4.5%
Oct-3.2%
Nov+1.7%
Dec-1.5%
2018
Jan-4.9%
Feb-4.8%
Mar+0.6%
Apr+1.3%
May+3.8%
Jun+6.2%
Jul+3.5%
Aug+5.0%
Sep-3.4%
Oct+3.8%
Nov+2.3%
Dec-9.5%
2017
Jan+3.4%
Feb+1.3%
Mar-6.7%
Apr-3.9%
May-6.7%
Jun+4.9%
Jul-2.0%
Aug+0.1%
Sep+2.7%
Oct-3.5%
Nov+5.3%
Dec+6.2%
2016
Jan-4.2%
Feb+2.8%
Mar+9.5%
Apr-3.1%
May-1.0%
Jun+9.7%
Jul+4.7%
Aug-4.4%
Sep-3.9%
Oct-10.2%
Nov-2.5%
Dec-1.1%
2015
Jan+9.1%
Feb-3.5%
Mar+2.8%
Apr-7.2%
May+0.8%
Jun-4.6%
Jul+8.2%
Aug-3.4%
Sep+2.5%
Oct+9.7%
Nov-6.8%
Dec+4.4%
2014
Jan+1.8%
Feb+5.0%
Mar+1.7%
Apr+5.6%
May+3.0%
Jun-0.1%
Jul+1.2%
Aug+1.9%
Sep-3.3%
Oct+9.0%
Nov+1.6%
Dec+0.7%
2013
Jan+1.3%
Feb-0.1%
Mar-0.2%
Apr+12.3%
May-5.9%
Jun-5.1%
Jul+1.4%
Aug-8.3%
Sep+1.8%
Oct+4.3%
Nov-2.3%
Dec+1.5%
2012
Jan+5.4%
Feb+0.4%
Mar+7.5%
Apr+6.8%
May-4.6%
Jun+5.5%
Jul+3.1%
Aug-0.5%
Sep-4.3%
Oct+0.3%
Nov+0.7%
Dec+3.9%
2011
Jan+2.0%
Feb+9.3%
Mar-2.6%
Apr+6.9%
May+3.8%
Jun-1.6%
Jul+3.7%
Aug-1.8%
Sep-6.4%
Oct+16.8%
Nov-2.5%
Dec+3.9%
2010
Jan-9.8%
Feb+9.7%
Mar+7.2%
Apr+6.1%
May-3.9%
Jun-5.0%
Jul+10.5%
Aug+2.1%
Sep+2.5%
Oct+3.5%
Nov+3.4%
Dec+1.0%
2009
Jan-19.1%
Feb-21.5%
Mar+4.7%
Apr+48.9%
May+4.8%
Jun-3.8%
Jul+8.4%
Aug+14.4%
Sep+9.1%
Oct-2.2%
Nov+7.2%
Dec+9.8%
2008
Jan+2.9%
Feb-5.3%
Mar+10.9%
Apr+7.5%
May+0.4%
Jun-9.5%
Jul+3.1%
Aug+3.4%
Sep+2.2%
Oct-30.9%
Nov-28.0%
Dec+11.9%
2007
Jan+12.9%
Feb-0.8%
Mar-1.3%
Apr+3.6%
May-5.6%
Jun-13.8%
Jul-7.0%
Aug+10.7%
Sep+5.4%
Oct+4.3%
Nov-4.9%
Dec-11.8%
2006
Jan+8.1%
Feb+1.1%
Mar+1.4%
Apr-2.7%
May-1.8%
Jun+4.2%
Jul+3.1%
Aug+0.0%
Sep+6.9%
Oct+7.2%
Nov+5.8%
Dec-0.7%
2005
Jan-8.3%
Feb+5.6%
Mar-2.2%
Apr+9.1%
May+5.1%
Jun+5.4%
Jul+10.0%
Aug-3.7%
Sep-2.6%
Oct-3.4%
Nov+8.9%
Dec-0.9%
2004
Jan+12.3%
Feb+5.9%
Mar+7.2%
Apr-17.5%
May+8.5%
Jun-0.3%
Jul+0.4%
Aug+9.8%
Sep-4.1%
Oct+9.5%
Nov+6.9%
Dec+4.1%
2003
Jan-4.1%
Feb+7.9%
Mar+3.4%
Apr+2.5%
May+4.0%
Jun+3.7%
Jul+8.6%
Aug+2.2%
Sep+2.1%
Oct+3.4%
Nov+6.6%
Dec-2.3%
2002
Jan+3.3%
Feb+3.4%
Mar+6.0%
Apr+3.4%
May+2.7%
Jun+8.1%
Jul-2.3%
Aug+0.5%
Sep+0.3%
Oct-4.4%
Nov+0.3%
Dec+1.1%
2001
Jan+9.8%
Feb-0.9%
Mar+0.0%
Apr+3.4%
May+4.6%
Jun+10.5%
Jul-5.5%
Aug+5.2%
Sep-8.2%
Oct+2.2%
Nov+7.1%
Dec+1.5%
2000
Jan+7.6%
Feb-3.3%
Mar-0.3%
Apr+9.2%
May-1.9%
Jun-9.5%
Jul+17.8%
Aug-11.1%
Sep+2.8%
Oct-4.9%
Nov+5.1%
Dec+4.6%
1999
Jan-7.7%
Feb-1.5%
Mar+8.0%
Apr+4.5%
May+3.7%
Jun-13.3%
Jul+4.7%
Aug-2.1%
Sep-12.1%
Oct+2.9%
Nov+3.3%
Dec-1.7%
1998
Jan+1.5%
Feb-5.4%
Mar+10.8%
Apr-3.8%
May+2.8%
Jun-2.6%
Jul-4.2%
Aug-5.1%
Sep+4.3%
Oct+0.6%
Nov-0.9%
Dec-3.9%
1997
Jan-5.5%
Feb+4.6%
Mar+0.4%
Apr-5.4%
May+7.5%
Jun+5.9%
Jul+0.0%
Aug+0.5%
Sep+4.2%
Oct-6.3%
Nov+7.4%
Dec+0.0%
1996
Jan-6.5%
Feb+4.4%
Mar-1.0%
Apr+1.6%
May+5.4%
Jun+1.0%
Jul-2.1%
Aug+7.9%
Sep+2.5%
Oct+3.5%
Nov+5.7%
Dec+13.1%
1995
Jan-3.6%
Feb+4.4%
Mar+1.9%
Apr-2.5%
May+4.7%
Jun+1.0%
Jul-0.6%
Aug+0.6%
Sep+3.0%
Oct-6.6%
Nov-0.4%
Dec+5.4%
1994
Jan+8.3%
Feb+5.2%
Mar+1.3%
Apr+4.4%
May+2.2%
Jun-1.0%
Jul+0.0%
Aug-1.0%
Sep-1.0%
Oct-6.9%
Nov-1.1%
Dec+4.6%
1993
Jan—
Feb—
Mar—
Apr—
May—
Jun—
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
Avg
Jan+0.8%
Feb+1.5%
Mar-0.1%
Apr+3.1%
May+0.7%
Jun+0.4%
Jul+2.7%
Aug+1.1%
Sep-0.2%
Oct+0.8%
Nov+3.2%
Dec+2.1%
Median
Jan+1.8%
Feb+1.3%
Mar+0.7%
Apr+3.4%
May+2.7%
Jun+0.4%
Jul+1.7%
Aug+0.5%
Sep+1.9%
Oct+1.2%
Nov+3.8%
Dec+1.3%
Last 5Y Avg
Jan+0.6%
Feb+1.8%
Mar-4.0%
Apr-3.1%
May+0.4%
Jun-0.2%
Jul+4.7%
Aug+2.1%
Sep-1.7%
Oct+5.9%
Nov+8.4%
Dec+3.4%
Std Dev (σ)
Jan7.7%
Feb7.2%
Mar11.2%
Apr11.2%
May5.2%
Jun7.7%
Jul5.8%
Aug6.4%
Sep5.0%
Oct9.2%
Nov8.8%
Dec5.8%
Consistency (μ/σ)
Jan0.10
Feb0.21
Mar-0.01
Apr0.27
May0.14
Jun0.05
Jul0.46
Aug0.17
Sep-0.04
Oct0.09
Nov0.37
Dec0.36
Win Rate (%)
Jan61%
Feb61%
Mar61%
Apr64%
May64%
Jun50%
Jul66%
Aug59%
Sep56%
Oct59%
Nov72%
Dec63%
Winning / Losing Months
Jan▲20▼13
Feb▲20▼13
Mar▲20▼13
Apr▲21▼12
May▲21▼12
Jun▲16▼16
Jul▲21▼11
Aug▲19▼13
Sep▲18▼14
Oct▲19▼13
Nov▲23▼9
Dec▲20▼12
Longest Win / Loss Streak
Jan▲5▼3
Feb▲5▼4
Mar▲3▼2
Apr▲8▼3
May▲6▼2
Jun▲3▼5
Jul▲9▼5
Aug▲5▼3
Sep▲5▼4
Oct▲6▼2
Nov▲9▼2
Dec▲8▼3
Best
Jan+12.9%2007
Feb+21.5%2021
Mar+10.9%2008
Apr+48.9%2009
May+8.5%2004
Jun+18.5%2020
Jul+17.8%2000
Aug+14.4%2009
Sep+9.1%2009
Oct+21.4%2022
Nov+31.5%2020
Dec+15.9%2023
Worst
Jan-19.1%2009
Feb-21.5%2009
Mar-55.4%2020
Apr-17.5%2004
May-13.6%2020
Jun-15.9%2022
Jul-7.0%2007
Aug-11.1%2000
Sep-12.1%1999
Oct-30.9%2008
Nov-28.0%2008
Dec-11.8%2007
−55.4%+48.9%
Frequently asked questions
Data & methodology
Simon Property Group (SPG) Key Financials
Charts, filings, and peer comparison for every metric
Income Statement
Balance Sheet
Profitability
Cash Flow
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
Overview
Income Statement