Simon Property Group Inc.: 10-K Risk Factor Changes

2025 vs 2024  ·  SEC EDGAR  ·  2026-06-01
Other years: 2026 vs 2025
✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

144
New Risks
0
Removed
0
Modified
0
Unchanged
🟢 New in Current Filing Summary of Risk Factors 🔒
🟢 New in Current Filing Conditions that adversely affect the general retail environment could materially and adversely affect us. 🔒
🟢 New in Current Filing Conditions that adversely affect the general retail environment could materially and adversely affect us. 🔒
🟢 New in Current Filing Conditions that adversely affect the general retail environment could materially and adversely affect us. 🔒
🟢 New in Current Filing Conditions that adversely affect the general retail environment could materially and adversely affect us. 🔒
🟢 New in Current Filing Some of our properties depend on anchor stores or other large nationally recognized tenants to attract shoppers and we could be materially and adversely affected by the loss of one or more of these anchors or tenants. 🔒
🟢 New in Current Filing Some of our properties depend on anchor stores or other large nationally recognized tenants to attract shoppers and we could be materially and adversely affected by the loss of one or more of these anchors or tenants. 🔒
🟢 New in Current Filing Some of our properties depend on anchor stores or other large nationally recognized tenants to attract shoppers and we could be materially and adversely affected by the loss of one or more of these anchors or tenants. 🔒
🟢 New in Current Filing Some of our properties depend on anchor stores or other large nationally recognized tenants to attract shoppers and we could be materially and adversely affected by the loss of one or more of these anchors or tenants. 🔒
🟢 New in Current Filing We face potential adverse effects from tenant bankruptcies. 🔒
🟢 New in Current Filing Vacant space at our properties could materially and adversely affect us. 🔒
🟢 New in Current Filing We may not be able to lease newly developed properties to or renew leases and relet space at existing properties with an appropriate mix of tenants or at desired rents, if at all. 🔒
🟢 New in Current Filing We face potential adverse effects from tenant bankruptcies. 🔒
🟢 New in Current Filing Vacant space at our properties could materially and adversely affect us. 🔒
🟢 New in Current Filing We may not be able to lease newly developed properties to or renew leases and relet space at existing properties with an appropriate mix of tenants or at desired rents, if at all. 🔒
🟢 New in Current Filing We face potential adverse effects from tenant bankruptcies. 🔒
🟢 New in Current Filing Vacant space at our properties could materially and adversely affect us. 🔒
🟢 New in Current Filing We may not be able to lease newly developed properties to or renew leases and relet space at existing properties with an appropriate mix of tenants or at desired rents, if at all. 🔒
🟢 New in Current Filing We face potential adverse effects from tenant bankruptcies. 🔒
🟢 New in Current Filing Vacant space at our properties could materially and adversely affect us. 🔒
🟢 New in Current Filing We may not be able to lease newly developed properties to or renew leases and relet space at existing properties with an appropriate mix of tenants or at desired rents, if at all. 🔒
🟢 New in Current Filing Acts of violence, civil unrest or criminal activity, actual or threatened terrorist attacks and inappropriate and unacceptable behavior by consumers at our properties could adversely affect our business operations. 🔒
🟢 New in Current Filing We face a wide range of competition that could affect our ability to operate profitably, including e-commerce, and the evolution of consumer preferences and purchasing habits. 🔒
🟢 New in Current Filing Epidemics, pandemics or other public health crisis, and governmental reactions thereto, could have a significant negative impact on our and our tenants’ business, financial condition, results of operations, cash flow and liquidity and our ability to access the capital markets, satisfy our debt service obligations and make distributions to our shareholders. 🔒
🟢 New in Current Filing Acts of violence, civil unrest or criminal activity, actual or threatened terrorist attacks and inappropriate and unacceptable behavior by consumers at our properties could adversely affect our business operations. 🔒
🟢 New in Current Filing We face a wide range of competition that could affect our ability to operate profitably, including e-commerce, and the evolution of consumer preferences and purchasing habits. 🔒
🟢 New in Current Filing Epidemics, pandemics or other public health crisis, and governmental reactions thereto, could have a significant negative impact on our and our tenants’ business, financial condition, results of operations, cash flow and liquidity and our ability to access the capital markets, satisfy our debt service obligations and make distributions to our shareholders. 🔒
🟢 New in Current Filing Acts of violence, civil unrest or criminal activity, actual or threatened terrorist attacks and inappropriate and unacceptable behavior by consumers at our properties could adversely affect our business operations. 🔒
🟢 New in Current Filing We face a wide range of competition that could affect our ability to operate profitably, including e-commerce, and the evolution of consumer preferences and purchasing habits. 🔒
🟢 New in Current Filing Epidemics, pandemics or other public health crisis, and governmental reactions thereto, could have a significant negative impact on our and our tenants’ business, financial condition, results of operations, cash flow and liquidity and our ability to access the capital markets, satisfy our debt service obligations and make distributions to our shareholders. 🔒
🟢 New in Current Filing Acts of violence, civil unrest or criminal activity, actual or threatened terrorist attacks and inappropriate and unacceptable behavior by consumers at our properties could adversely affect our business operations. 🔒
🟢 New in Current Filing We face a wide range of competition that could affect our ability to operate profitably, including e-commerce, and the evolution of consumer preferences and purchasing habits. 🔒
🟢 New in Current Filing Epidemics, pandemics or other public health crisis, and governmental reactions thereto, could have a significant negative impact on our and our tenants’ business, financial condition, results of operations, cash flow and liquidity and our ability to access the capital markets, satisfy our debt service obligations and make distributions to our shareholders. 🔒
🟢 New in Current Filing Some of our properties are subject to potential natural or other disasters. 🔒
🟢 New in Current Filing Some of our properties are subject to potential natural or other disasters. 🔒
🟢 New in Current Filing Some of our properties are subject to potential natural or other disasters. 🔒
🟢 New in Current Filing Some of our properties are subject to potential natural or other disasters. 🔒
🟢 New in Current Filing We face risks associated with climate change. 🔒
🟢 New in Current Filing Some of our potential losses may not be covered by insurance. 🔒
🟢 New in Current Filing As owners of real estate, we can face liabilities for environmental contamination, and our efforts to identify environmental liabilities may not be successful. 🔒
🟢 New in Current Filing We face risks associated with climate change. 🔒
🟢 New in Current Filing Some of our potential losses may not be covered by insurance. 🔒
🟢 New in Current Filing As owners of real estate, we can face liabilities for environmental contamination, and our efforts to identify environmental liabilities may not be successful. 🔒
🟢 New in Current Filing We face risks associated with climate change. 🔒
🟢 New in Current Filing Some of our potential losses may not be covered by insurance. 🔒
🟢 New in Current Filing As owners of real estate, we can face liabilities for environmental contamination, and our efforts to identify environmental liabilities may not be successful. 🔒
🟢 New in Current Filing We face risks associated with climate change. 🔒
🟢 New in Current Filing Some of our potential losses may not be covered by insurance. 🔒
🟢 New in Current Filing As owners of real estate, we can face liabilities for environmental contamination, and our efforts to identify environmental liabilities may not be successful. 🔒
🟢 New in Current Filing We face risks associated with the acquisition, development, redevelopment and expansion of properties. 🔒
🟢 New in Current Filing Real estate investments are relatively illiquid. 🔒
🟢 New in Current Filing Simon and certain subsidiaries of the Operating Partnership have elected to be taxed as REITs in the United States. The failure to maintain Simon’s or the Subsidiary REITs’ qualifications as REITs or changes in applicable tax laws or regulations could result in adverse tax consequences. 🔒
🟢 New in Current Filing We face risks associated with the acquisition, development, redevelopment and expansion of properties. 🔒
🟢 New in Current Filing Real estate investments are relatively illiquid. 🔒
🟢 New in Current Filing Simon and certain subsidiaries of the Operating Partnership have elected to be taxed as REITs in the United States. The failure to maintain Simon’s or the Subsidiary REITs’ qualifications as REITs or changes in applicable tax laws or regulations could result in adverse tax consequences. 🔒
🟢 New in Current Filing We face risks associated with the acquisition, development, redevelopment and expansion of properties. 🔒
🟢 New in Current Filing Real estate investments are relatively illiquid. 🔒
🟢 New in Current Filing Simon and certain subsidiaries of the Operating Partnership have elected to be taxed as REITs in the United States. The failure to maintain Simon’s or the Subsidiary REITs’ qualifications as REITs or changes in applicable tax laws or regulations could result in adverse tax consequences. 🔒
🟢 New in Current Filing We face risks associated with the acquisition, development, redevelopment and expansion of properties. 🔒
🟢 New in Current Filing Real estate investments are relatively illiquid. 🔒
🟢 New in Current Filing Simon and certain subsidiaries of the Operating Partnership have elected to be taxed as REITs in the United States. The failure to maintain Simon’s or the Subsidiary REITs’ qualifications as REITs or changes in applicable tax laws or regulations could result in adverse tax consequences. 🔒
🟢 New in Current Filing If the Operating Partnership fails to qualify as a partnership for federal income tax purposes, Simon will cease to qualify as a REIT and suffer other adverse consequences. 🔒
🟢 New in Current Filing Complying with REIT requirements might cause us to forgo otherwise attractive acquisition opportunities or liquidate otherwise attractive investments. 🔒
🟢 New in Current Filing If the Operating Partnership fails to qualify as a partnership for federal income tax purposes, Simon will cease to qualify as a REIT and suffer other adverse consequences. 🔒
🟢 New in Current Filing Complying with REIT requirements might cause us to forgo otherwise attractive acquisition opportunities or liquidate otherwise attractive investments. 🔒
🟢 New in Current Filing If the Operating Partnership fails to qualify as a partnership for federal income tax purposes, Simon will cease to qualify as a REIT and suffer other adverse consequences. 🔒
🟢 New in Current Filing Complying with REIT requirements might cause us to forgo otherwise attractive acquisition opportunities or liquidate otherwise attractive investments. 🔒
🟢 New in Current Filing If the Operating Partnership fails to qualify as a partnership for federal income tax purposes, Simon will cease to qualify as a REIT and suffer other adverse consequences. 🔒
🟢 New in Current Filing Complying with REIT requirements might cause us to forgo otherwise attractive acquisition opportunities or liquidate otherwise attractive investments. 🔒
🟢 New in Current Filing Our ownership of TRSs is subject to certain restrictions, and we will be required to pay a 100% penalty tax on certain income or deductions if our transactions with our TRSs are not conducted on arm’s-length terms. 🔒
🟢 New in Current Filing Dividends payable by REITs generally do not qualify for the reduced tax rates available for some dividends, which may negatively affect the value of our shares. 🔒
🟢 New in Current Filing The tax imposed on REITs engaging in “prohibited transactions” may limit our ability to engage in transactions which would be treated as sales for U.S. federal income tax purposes. 🔒
🟢 New in Current Filing Our ownership of TRSs is subject to certain restrictions, and we will be required to pay a 100% penalty tax on certain income or deductions if our transactions with our TRSs are not conducted on arm’s-length terms. 🔒
🟢 New in Current Filing Dividends payable by REITs generally do not qualify for the reduced tax rates available for some dividends, which may negatively affect the value of our shares. 🔒
🟢 New in Current Filing The tax imposed on REITs engaging in “prohibited transactions” may limit our ability to engage in transactions which would be treated as sales for U.S. federal income tax purposes. 🔒
🟢 New in Current Filing Our ownership of TRSs is subject to certain restrictions, and we will be required to pay a 100% penalty tax on certain income or deductions if our transactions with our TRSs are not conducted on arm’s-length terms. 🔒
🟢 New in Current Filing Dividends payable by REITs generally do not qualify for the reduced tax rates available for some dividends, which may negatively affect the value of our shares. 🔒
🟢 New in Current Filing The tax imposed on REITs engaging in “prohibited transactions” may limit our ability to engage in transactions which would be treated as sales for U.S. federal income tax purposes. 🔒
🟢 New in Current Filing Our ownership of TRSs is subject to certain restrictions, and we will be required to pay a 100% penalty tax on certain income or deductions if our transactions with our TRSs are not conducted on arm’s-length terms. 🔒
🟢 New in Current Filing Dividends payable by REITs generally do not qualify for the reduced tax rates available for some dividends, which may negatively affect the value of our shares. 🔒
🟢 New in Current Filing The tax imposed on REITs engaging in “prohibited transactions” may limit our ability to engage in transactions which would be treated as sales for U.S. federal income tax purposes. 🔒
🟢 New in Current Filing REIT distribution requirements could adversely affect our liquidity and our ability to execute our business plan. 🔒
🟢 New in Current Filing Partnership tax audit rules could have a material adverse effect on us. 🔒
🟢 New in Current Filing Legislative, administrative, regulatory or other actions affecting REITs, including positions taken by the IRS, could have a material adverse effect on us and our investors. 🔒
🟢 New in Current Filing Provisions in Simon’s charter and by-laws and in the Operating Partnership’s partnership agreement could prevent a change of control. 🔒
🟢 New in Current Filing REIT distribution requirements could adversely affect our liquidity and our ability to execute our business plan. 🔒
🟢 New in Current Filing Partnership tax audit rules could have a material adverse effect on us. 🔒
🟢 New in Current Filing Legislative, administrative, regulatory or other actions affecting REITs, including positions taken by the IRS, could have a material adverse effect on us and our investors. 🔒
🟢 New in Current Filing Provisions in Simon’s charter and by-laws and in the Operating Partnership’s partnership agreement could prevent a change of control. 🔒
🟢 New in Current Filing REIT distribution requirements could adversely affect our liquidity and our ability to execute our business plan. 🔒
🟢 New in Current Filing Partnership tax audit rules could have a material adverse effect on us. 🔒
🟢 New in Current Filing Legislative, administrative, regulatory or other actions affecting REITs, including positions taken by the IRS, could have a material adverse effect on us and our investors. 🔒
🟢 New in Current Filing Provisions in Simon’s charter and by-laws and in the Operating Partnership’s partnership agreement could prevent a change of control. 🔒
🟢 New in Current Filing REIT distribution requirements could adversely affect our liquidity and our ability to execute our business plan. 🔒
🟢 New in Current Filing Partnership tax audit rules could have a material adverse effect on us. 🔒
🟢 New in Current Filing Legislative, administrative, regulatory or other actions affecting REITs, including positions taken by the IRS, could have a material adverse effect on us and our investors. 🔒
🟢 New in Current Filing Provisions in Simon’s charter and by-laws and in the Operating Partnership’s partnership agreement could prevent a change of control. 🔒
🟢 New in Current Filing We have a substantial debt burden that could affect our future operations. 🔒
🟢 New in Current Filing The agreements that govern our indebtedness contain various covenants that impose restrictions on us that might affect our ability to operate freely. 🔒
🟢 New in Current Filing Disruption in the capital and credit markets may increase the cost of capital and may adversely affect our ability to access external financings for our growth and ongoing debt service requirements. 🔒
🟢 New in Current Filing We have a substantial debt burden that could affect our future operations. 🔒
🟢 New in Current Filing The agreements that govern our indebtedness contain various covenants that impose restrictions on us that might affect our ability to operate freely. 🔒
🟢 New in Current Filing Disruption in the capital and credit markets may increase the cost of capital and may adversely affect our ability to access external financings for our growth and ongoing debt service requirements. 🔒
🟢 New in Current Filing We have a substantial debt burden that could affect our future operations. 🔒
🟢 New in Current Filing The agreements that govern our indebtedness contain various covenants that impose restrictions on us that might affect our ability to operate freely. 🔒
🟢 New in Current Filing Disruption in the capital and credit markets may increase the cost of capital and may adversely affect our ability to access external financings for our growth and ongoing debt service requirements. 🔒
🟢 New in Current Filing We have a substantial debt burden that could affect our future operations. 🔒
🟢 New in Current Filing The agreements that govern our indebtedness contain various covenants that impose restrictions on us that might affect our ability to operate freely. 🔒
🟢 New in Current Filing Disruption in the capital and credit markets may increase the cost of capital and may adversely affect our ability to access external financings for our growth and ongoing debt service requirements. 🔒
🟢 New in Current Filing Adverse changes in our credit ratings could affect our borrowing capacity and borrowing terms. 🔒
🟢 New in Current Filing An increase in interest rates would increase our interest costs on variable rate debt and could adversely impact our ability to refinance existing debt on attractive terms, or at all; our hedging interest rate protection arrangements may not effectively limit our interest rate risk. 🔒
🟢 New in Current Filing We have limited control with respect to some properties that are partially owned or managed by third parties, which may adversely affect our ability to sell or refinance them. 🔒
🟢 New in Current Filing Adverse changes in our credit ratings could affect our borrowing capacity and borrowing terms. 🔒
🟢 New in Current Filing An increase in interest rates would increase our interest costs on variable rate debt and could adversely impact our ability to refinance existing debt on attractive terms, or at all; our hedging interest rate protection arrangements may not effectively limit our interest rate risk. 🔒
🟢 New in Current Filing We have limited control with respect to some properties that are partially owned or managed by third parties, which may adversely affect our ability to sell or refinance them. 🔒
🟢 New in Current Filing Adverse changes in our credit ratings could affect our borrowing capacity and borrowing terms. 🔒
🟢 New in Current Filing An increase in interest rates would increase our interest costs on variable rate debt and could adversely impact our ability to refinance existing debt on attractive terms, or at all; our hedging interest rate protection arrangements may not effectively limit our interest rate risk. 🔒
🟢 New in Current Filing We have limited control with respect to some properties that are partially owned or managed by third parties, which may adversely affect our ability to sell or refinance them. 🔒
🟢 New in Current Filing Adverse changes in our credit ratings could affect our borrowing capacity and borrowing terms. 🔒
🟢 New in Current Filing An increase in interest rates would increase our interest costs on variable rate debt and could adversely impact our ability to refinance existing debt on attractive terms, or at all; our hedging interest rate protection arrangements may not effectively limit our interest rate risk. 🔒
🟢 New in Current Filing We have limited control with respect to some properties that are partially owned or managed by third parties, which may adversely affect our ability to sell or refinance them. 🔒
🟢 New in Current Filing The Operating Partnership guarantees debt or otherwise provides support for a number of joint venture properties. 🔒
🟢 New in Current Filing Our success depends, in part, on our ability to attract, motivate, retain and develop talented employees, and our failure to do so, including the loss of any one of our key personnel, could adversely impact our business. 🔒
🟢 New in Current Filing Artificial generative intelligence technologies present risks related to the control of our proprietary business information, keeping such information confidential, and emerging regulatory risk, any or all of which may adversely affect our business and results of operations. 🔒
🟢 New in Current Filing The Operating Partnership guarantees debt or otherwise provides support for a number of joint venture properties. 🔒
🟢 New in Current Filing Our success depends, in part, on our ability to attract, motivate, retain and develop talented employees, and our failure to do so, including the loss of any one of our key personnel, could adversely impact our business. 🔒
🟢 New in Current Filing Artificial generative intelligence technologies present risks related to the control of our proprietary business information, keeping such information confidential, and emerging regulatory risk, any or all of which may adversely affect our business and results of operations. 🔒
🟢 New in Current Filing The Operating Partnership guarantees debt or otherwise provides support for a number of joint venture properties. 🔒
🟢 New in Current Filing Our success depends, in part, on our ability to attract, motivate, retain and develop talented employees, and our failure to do so, including the loss of any one of our key personnel, could adversely impact our business. 🔒
🟢 New in Current Filing Artificial generative intelligence technologies present risks related to the control of our proprietary business information, keeping such information confidential, and emerging regulatory risk, any or all of which may adversely affect our business and results of operations. 🔒
🟢 New in Current Filing The Operating Partnership guarantees debt or otherwise provides support for a number of joint venture properties. 🔒
🟢 New in Current Filing Our success depends, in part, on our ability to attract, motivate, retain and develop talented employees, and our failure to do so, including the loss of any one of our key personnel, could adversely impact our business. 🔒
🟢 New in Current Filing Artificial generative intelligence technologies present risks related to the control of our proprietary business information, keeping such information confidential, and emerging regulatory risk, any or all of which may adversely affect our business and results of operations. 🔒
🟢 New in Current Filing We face risks associated with security breaches through cyber-attacks, cyber intrusions or otherwise, as well as other significant disruptions of our computer systems, hardware, technology infrastructure, online sites and related systems. 🔒
🟢 New in Current Filing We face risks associated with security breaches through cyber-attacks, cyber intrusions or otherwise, as well as other significant disruptions of our computer systems, hardware, technology infrastructure, online sites and related systems. 🔒
🟢 New in Current Filing We face risks associated with security breaches through cyber-attacks, cyber intrusions or otherwise, as well as other significant disruptions of our computer systems, hardware, technology infrastructure, online sites and related systems. 🔒
🟢 New in Current Filing We face risks associated with security breaches through cyber-attacks, cyber intrusions or otherwise, as well as other significant disruptions of our computer systems, hardware, technology infrastructure, online sites and related systems. 🔒
🟢 New in Current Filing Our international activities may subject us to risks that are different from or greater than those associated with our domestic operations. 🔒
🟢 New in Current Filing Cybersecurity Risk Management and Strategy 🔒
🟢 New in Current Filing Our international activities may subject us to risks that are different from or greater than those associated with our domestic operations. 🔒
🟢 New in Current Filing Cybersecurity Risk Management and Strategy 🔒
🟢 New in Current Filing Our international activities may subject us to risks that are different from or greater than those associated with our domestic operations. 🔒
🟢 New in Current Filing Cybersecurity Risk Management and Strategy 🔒
🟢 New in Current Filing Our international activities may subject us to risks that are different from or greater than those associated with our domestic operations. 🔒
144 changes in this historical filing

Historical year-over-year comparisons (2025 vs 2024 and earlier) are available on the Pro plan.

Get full access — from $29/month Already a Pro subscriber? View full diff →