• Simon Property average return on tangible equity for 2023 was 63.6, a 11.38% increase from 2022.
• Simon Property average return on tangible equity for 2022 was 57.1, a 13.43% increase from 2021.
• Simon Property average return on tangible equity for 2021 was 50.34, a 12.27% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.