SIMON PROPERTY GROUP INC.

SPG

Quality scores

Data as of Sep 5, 2026

4 / 9

Neutral

4/9 — middling fundamentals (neutral zone).

PassROA > 0 — ROA last year = 11.40 %
PassFCF > 0 — FCF last year = 3,202.21 mill.
FailFCF > net income (accrual quality) — FCF 3,202.21 vs. net income 4,627.61 (mill.)
PassRising ROA — ROA 11.40 % vs. prior year 7.32 %

PassLower long-term leverage — long-term debt/assets 0.70 vs. prior 0.75
FailRising current ratio (more liquidity) — Current ratio 0.57 vs. prior 0.83
FailNo dilution (shares do not grow) — Shares 326.37 mill. vs. prior 326.10 mill.

Z-Score (original)

1.42

Distress zone

Z''-Score (non-manufacturing)

3.29

Safe zone

Ratio	Value
X1 — Working capital / Total assets	-0.04
X2 — Retained earnings / Total assets	-0.11
X3 — EBIT / Total assets	0.08
X4 — Market cap / Total liabilities	2.02
X4 — Book equity / Total liabilities	0.15
X5 — Sales / Total assets	0.16