Seasonality
SPG seasonality — Simon Property Group
Over the last 11 years, SPG's strongest month on average has been November (+8.8%) and its weakest March (-8.7%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +0.83% | +2.15% | 60% | +9.3% | -10.6% | 10 |
| Feb | +1.67% | -0.09% | 50% | +21.5% | -7.6% | 10 |
| Mar | -8.65% | -5.53% | 40% | +5.6% | -55.4% | 10 |
| Apr | +0.61% | -1.36% | 50% | +21.7% | -10.3% | 10 |
| May | -1.71% | -1.12% | 50% | +7.7% | -13.6% | 10 |
| Jun | +3.04% | +3.21% | 70% | +18.5% | -17.2% | 10 |
| Jul | +1.91% | +1.71% | 70% | +14.4% | -8.8% | 10 |
| Aug | +0.66% | +1.41% | 50% | +10.3% | -8.9% | 10 |
| Sep | -2.16% | -3.38% | 40% | +4.5% | -12.0% | 10 |
| Oct | +3.23% | +0.89% | 60% | +21.4% | -6.3% | 10 |
| Nov | +8.80% | +6.01% | 100% | +31.5% | +0.3% | 9 |
| Dec | +0.76% | -0.88% | 40% | +14.2% | -9.5% | 10 |
Monthly returns heat map — SPG
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.4 | 6.5 | -8.5 | 9.2 | 0.6 | 9.2 | 2.6 | -7.4 | -5.4 | 8.5 | 4.9 | +23.4% | |
| 2025 | 1.0 | 7.0 | -10.8 | -5.2 | 3.6 | -1.4 | 1.9 | 10.3 | 3.9 | -6.3 | 6.0 | -0.7 | +7.5% |
| 2024 | -2.8 | 6.9 | 5.6 | -10.2 | 7.7 | 0.3 | 1.1 | 9.1 | 1.0 | 0.1 | 8.6 | -6.2 | +20.7% |
| 2023 | 9.3 | -5.0 | -8.3 | 1.2 | -7.2 | 9.8 | 7.9 | -8.9 | -4.8 | 1.7 | 13.7 | 14.2 | +21.4% |
| 2022 | -7.9 | -6.5 | -4.4 | -10.3 | -2.8 | -17.2 | 14.4 | -6.1 | -12.0 | 21.4 | 9.6 | -1.6 | -26.5% |
| 2021 | 9.0 | 21.5 | 0.8 | 7.0 | 5.5 | 1.6 | -3.0 | 6.3 | -3.3 | 12.8 | 4.3 | 4.5 | +87.3% |
| 2020 | -10.6 | -7.6 | -55.4 | 21.7 | -13.6 | 18.5 | -8.8 | 8.8 | -4.7 | -2.9 | 31.5 | 3.3 | -42.8% |
| 2019 | 8.4 | -0.5 | 0.6 | -4.7 | -6.7 | -1.4 | 1.5 | -8.2 | 4.5 | -3.2 | 0.3 | -1.5 | -11.3% |
| 2018 | -4.9 | -6.0 | 0.6 | 1.3 | 2.5 | 6.2 | 3.5 | 3.9 | -3.4 | 3.8 | 1.2 | -9.5 | -2.2% |
| 2017 | 3.4 | 0.3 | -6.7 | -3.9 | -6.7 | 4.9 | -2.0 | -1.0 | 2.6 | -3.5 | 4.1 | 6.2 | -3.3% |
| 2016 | -1.1 |