• Simon Property average ebitda margin for 2023 was 73.09%, a 0.65% increase from 2022.
• Simon Property average ebitda margin for 2022 was 72.62%, a 0.52% increase from 2021.
• Simon Property average ebitda margin for 2021 was 73%, a 0.87% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.