Simon Property Group (SPG) risk factors
Item 1A of every Simon Property Group Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors34 risks2 reworded
International real estate footprint expanded to include Indonesia and China while Klépierre's European footprint dropped to 13 countries. Macroeconomic risk disclosures now explicitly highlight implemented and threatened tariffs alongside retaliatory trade disputes.
Filed Feb 25, 2026 - FY2024 10-K risk factors34 risks
Simon Property Group faces heavy exposure to macroeconomic retail conditions, department store bankruptcies, and tenant leasing shifts. The company carries substantial debt of $24.5 billion and relies heavily on external capital markets. Operations are vulnerable to climate events in key states and rising interest rates.
Filed Feb 21, 2025