20 Most Profitable Stocks of the Last 20 Years

16. Simon Property Group, Inc. (NYSE:SPG)

Net Income (TTM): $2.24 billion

Operating Margin: 50.69%

Market Capitalization: $69.45 billion

Simon Property Group, Inc. (NYSE:SPG) is placed sixteenth on our list of most profitable stocks.

TheFly reported on January 16 that Morgan Stanley raised its price target on SPG to $205 from $180 while maintaining an Equal Weight rating. The firm reiterated its in-line view of the REIT sector, forecasting a roughly 15% total return. Additionally, Morgan Stanley changed its sector preferences, moving industrial, cold storage, and triple-net REITs to neutral and adding apartments, billboards, and data centers to its most liked categories.

Similarly, on January 14, Scotiabank raised its price target on Simon Property Group, Inc. (NYSE:SPG) to $189 from $186 while maintaining a Sector Perform rating. The update was part of a broader revision of the firm’s U.S. Real Estate & REITs coverage ahead of the Q4 earnings season. Additionally, Scotiabank observed an improvement in buy-side sentiment regarding the Self Storage and Multifamily subsectors, which it believes are unlikely to fall short of FY26 forecasts.

Simon Property Group, Inc. (NYSE:SPG) is a U.S. real estate investment trust (REIT) and the largest owner and manager of shopping malls, premium outlets, and mixed-use retail destinations in North America and internationally.