• Simon Property average pre-tax profit margin for 2023 was 38.78%, a 9.52% increase from 2022.
• Simon Property average pre-tax profit margin for 2022 was 35.41%, a 17.06% increase from 2021.
• Simon Property average pre-tax profit margin for 2021 was 30.25%, a 4.13% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.