Simon Property Group Inc
SPGCompany Overview
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust, which engages in the ownership, development, and management of shopping, dining, entertainment, and mixed-used destinations, which consist primarily of malls, Premium Outlets, and The Mills. The company was founded by Fred Simon, Herbert Simon and Melvin Simon in 1993 and is headquartered in Indianapolis, IN.
Country
US
Market Cap
$46.54B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.00%
passed
Liabilities Compliance
56.98%
failed
Final Shariah Status
Failed
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Stock Information
| Name | Simon Property Group Inc |
| Ticker | SPG |
| Main Business | REIT - Retail |
| Type | REIT |
| Industry | REIT - Retail |
| Country | US |
| Market Cap | $46.54 B |
Shariah Analysis Breakdown
Business compliance Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Lease income | $4,910.0 | $0.0 | - |
| Other income | $269.4 | $0.0 | - |
| Management fees and other revenues | $116.9 | $0.0 | - |
| Interest income | $0.0 | $0.0 | - |
| Total | $5,296.3 | $0.0 | 0.00% (passed) |
Liabilities Compliance Breakdown
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| long term debt and capital lease obligation | $26,520,000,000.0 | 56.98% |
| Total Interest-Bearing Debt | $26,520,000,000.0 | 56.98% |
| Market Capitalization | $46,540,579,200.0 | 100.00% |
| Compliance Status | Threshold: 33% | failed |