{
 "schema": "theclaudetrader.research_packet.v1",
 "generated_at": "2026-10-26T05:12:32+00:00",
 "snapshot_date": "2026-10-26",
 "about": {
  "site": "The Claude Trader",
  "what_this_is": "Evidence-first research record built from SEC XBRL, SEC Form 4 and exchange prices. Deterministic rule scores with every input linked to its source. No recommendations. fair_value_model is a labelled model estimate from SEC filings, not a price target or recommendation (method: /fair-value).",
  "publishes": "Facts and their provenance only; no holdings, targets, estimates or recommendations.",
  "how_to_answer": [
   "State the snapshot date and each score's data_as_of.",
   "Quote scores with their status: ok = complete; partial / insufficient = a test was excluded because an input was absent or older than 550 days. Repeat each warning beside the number it affects; a 'stale' warning means the input was used but is older than 120 days (price: 7 days).",
   "Cite the source URL for any number you repeat.",
   "Say what is missing; never present holdings or targets as this site's (it has none).",
   "If asked for a shortlist or portfolio: build it from the user's horizon, risk, benchmark, exclusions and limits; cite inputs, explain inclusion and thesis risks; label weights as your synthesis, distinct from these deterministic scores; no promised outperformance or invented expected returns."
  ]
 },
 "company": {
  "ticker": "SPG",
  "name": "Simon Property Group Inc.",
  "legal_name": "SIMON PROPERTY GROUP INC.",
  "cik": "0001063761",
  "exchange": "NYSE",
  "industry": "Real Estate Investment Trusts",
  "sic": "6798",
  "fiscal_year_end": "1231",
  "is_financial": true,
  "is_utility": false
 },
 "price": {
  "value": 211.63,
  "as_of": "2026-10-23",
  "source": "Alpaca Market Data (consolidated SIP daily bar)",
  "url": "https://docs.alpaca.markets/docs/historical-stock-data-1"
 },
 "market_cap": {
  "value": 68474900159.45,
  "as_of": "2026-10-23",
  "unit": "USD",
  "meaning": "price on the price date x latest reported point-in-time shares (see inputs.share_count_as_of)",
  "warning": null,
  "unavailable_reason": null,
  "inputs": {
   "traded_price": {
    "value": 211.63,
    "as_of": "2026-10-23",
    "unit": "USD per traded unit (share or ADS)",
    "source": "Alpaca Market Data (consolidated SIP daily bar)",
    "url": "https://docs.alpaca.markets/docs/historical-stock-data-1"
   },
   "sec_shares_outstanding": {
    "value": 323559515.0,
    "unit": "underlying shares",
    "concept": "SEC cover page 10-Q 0001104659-26-093360 (sum of classes (Common stock, $0.0001 par value 323,551,515 x 1; Class B common stock 8,000 x 1; class economics verified in https://www.sec.gov/Archives/edgar/data/1063761/000110465926019419/spg-20251231xex4d2.htm)); filing document https://www.sec.gov/Archives/edgar/data/1063761/000110465926093360/spg-20260630x10q.htm",
    "period_end": "2026-06-30",
    "accession": "0001104659-26-093360",
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000110465926093360/R1.htm"
   },
   "depositary_ratio": {
    "value": 1.0,
    "unit": "underlying shares per traded unit",
    "status": "domestic",
    "source": "10-K filer; SEC shares are the traded units",
    "evidence_url": null,
    "evidence_form": null,
    "evidence_filed": null,
    "body_snippet": null
   },
   "formula": "market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used",
   "split_adjustment": null,
   "share_count_as_of": "2026-06-30",
   "share_count_age_days_at_price_date": 115,
   "warning": null,
   "computed": "211.63 (price 2026-10-23) / 1 x 323,559,515 (shares at 2026-06-30) = 68,474,900,159"
  }
 },
 "scores": {
  "graham": {
   "score": null,
   "status": "not scored (financial)",
   "summary": "Not scored: not scored (financial).",
   "warnings": [],
   "components": []
  },
  "magic_formula": {
   "score": null,
   "status": "not scored",
   "summary": "Not scored: not scored.",
   "warnings": [],
   "components": []
  },
  "momentum": {
   "score": 72.7,
   "status": "ok",
   "complete": true,
   "passes_all": null,
   "summary": "Momentum: 73 of 100 (ok). 12-1 month return: 19.5 % \u2192 33.6/50; 6 month return: 6.2 % \u2192 11.0/20; Price / 52-week high: 0.904 \u2192 13.6/15; Volatility penalty (60d annualised): 16.3 % \u2192 14.5/15",
   "data_as_of": "2026-10-23",
   "history": [
    null,
    null
   ],
   "price_as_of": "2026-10-23",
   "coverage": null,
   "verification": null,
   "warnings": [],
   "components": [
    {
     "name": "12-1 month return",
     "value": 19.5,
     "unit": "%",
     "percentile": 67.1,
     "points": 33.6,
     "max": 50
    },
    {
     "name": "6 month return",
     "value": 6.2,
     "unit": "%",
     "percentile": 55.0,
     "points": 11.0,
     "max": 20
    },
    {
     "name": "Price / 52-week high",
     "value": 0.904,
     "points": 13.6,
     "max": 15
    },
    {
     "name": "Volatility penalty (60d annualised)",
     "value": 16.3,
     "unit": "%",
     "points": 14.5,
     "max": 15
    }
   ],
   "rules_url": "https://theclaudetrader.com/p/momentum"
  },
  "insider": {
   "score": 57.1,
   "status": "ok",
   "complete": true,
   "passes_all": null,
   "summary": "Insider: 57 of 100 (ok). Open-market buy value / market cap (percentile among buyers): 0.07 bp \u2192 16.6/35; Distinct buyers: 11 \u2192 25.0/25; Buyer seniority: 0.5 \u2192 10.0/20; Recency (half-life 30d): 0.55 \u2192 5.5/10; Sales penalty (excludes 10b5-1 plan sales): 0.0 bp \u2192 -0.0/0",
   "data_as_of": "2026-10-23",
   "history": [
    null,
    null
   ],
   "price_as_of": null,
   "coverage": {
    "window_start": "2026-07-28",
    "through": "2026-10-23",
    "missing_days": 3,
    "note": "Form 4 data loaded through 2026-10-23"
   },
   "verification": null,
   "warnings": [],
   "components": [
    {
     "name": "Open-market buy value / market cap (percentile among buyers)",
     "value": 0.07,
     "unit": "bp",
     "points": 16.6,
     "max": 35
    },
    {
     "name": "Distinct buyers",
     "value": 11,
     "points": 25.0,
     "max": 25
    },
    {
     "name": "Buyer seniority",
     "value": 0.5,
     "points": 10.0,
     "max": 20
    },
    {
     "name": "Recency (half-life 30d)",
     "value": 0.55,
     "points": 5.5,
     "max": 10
    },
    {
     "name": "Sales penalty (excludes 10b5-1 plan sales)",
     "value": 0.0,
     "unit": "bp",
     "points": -0.0,
     "max": 0
    }
   ],
   "rules_url": "https://theclaudetrader.com/p/insider"
  },
  "buffett": {
   "score": null,
   "status": "not scored (financial)",
   "summary": "Not scored: not scored (financial).",
   "warnings": [],
   "components": []
  },
  "lynch": {
   "score": null,
   "status": "not scored (financial)",
   "summary": "Not scored: not scored (financial).",
   "warnings": [],
   "components": []
  },
  "graham_enterprising": {
   "score": null,
   "status": "not scored (financial)",
   "summary": "Not scored: not scored (financial).",
   "warnings": [],
   "components": []
  },
  "piotroski": {
   "score": null,
   "status": "not scored (financial)",
   "summary": "Not scored: not scored (financial).",
   "warnings": [],
   "components": []
  }
 },
 "inputs_by_philosophy": {
  "graham": [],
  "magic_formula": [],
  "momentum": [
   {
    "name": "Adjusted close series (14 months)",
    "value": 211.63,
    "kind": "price",
    "source": "Yahoo Finance / Alpaca Market Data daily history",
    "url": null,
    "period": "2026-10-23",
    "age_days": 3,
    "stale": false
   }
  ],
  "insider": [
   {
    "name": "Form 4 P Cicco Martin J 2026-09-30",
    "value": 3041.7,
    "shares": 15.0,
    "price": 202.78,
    "role": "director",
    "period": "2026-09-30",
    "source": "SEC Form 4 (insider transactions data set)",
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000210972926000010/#live"
   },
   {
    "name": "Form 4 P Jones Nina P 2026-09-30",
    "value": 9327.88,
    "shares": 46.0,
    "price": 202.78,
    "role": "director",
    "period": "2026-09-30",
    "source": "SEC Form 4 (insider transactions data set)",
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000200789526000016/#live"
   },
   {
    "name": "Form 4 P Roe Peggy 2026-09-30",
    "value": 17844.64,
    "shares": 88.0,
    "price": 202.78,
    "role": "director",
    "period": "2026-09-30",
    "source": "SEC Form 4 (insider transactions data set)",
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000189868826000011/#live"
   },
   {
    "name": "Form 4 P SELIG STEFAN M 2026-09-30",
    "value": 42178.24,
    "shares": 208.0,
    "price": 202.78,
    "role": "director",
    "period": "2026-09-30",
    "source": "SEC Form 4 (insider transactions data set)",
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000170940726000012/#live"
   },
   {
    "name": "Form 4 P Smith Daniel C. 2026-09-30",
    "value": 70973.0,
    "shares": 350.0,
    "price": 202.78,
    "role": "director",
    "period": "2026-09-30",
    "source": "SEC Form 4 (insider transactions data set)",
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000146427326000010/#live"
   },
   {
    "name": "Form 4 P Aeppel Glyn 2026-09-30",
    "value": 45017.16,
    "shares": 222.0,
    "price": 202.78,
    "role": "director",
    "period": "2026-09-30",
    "source": "SEC Form 4 (insider transactions data set)",
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000134026226000013/#live"
   },
   {
    "name": "Form 4 P STEWART MARTA R 2026-09-30",
    "value": 40353.22,
    "shares": 199.0,
    "price": 202.78,
    "role": "director",
    "period": "2026-09-30",
    "source": "SEC Form 4 (insider transactions data set)",
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000127206426000012/#live"
   },
   {
    "name": "Form 4 P LEIBOWITZ REUBEN S 2026-09-30",
    "value": 97334.4,
    "shares": 480.0,
    "price": 202.78,
    "role": "director",
    "period": "2026-09-30",
    "source": "SEC Form 4 (insider transactions data set)",
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000121098226000010/#live"
   },
   {
    "name": "Form 4 P RODKIN GARY M 2026-09-30",
    "value": 47044.96,
    "shares": 232.0,
    "price": 202.78,
    "role": "director",
    "period": "2026-09-30",
    "source": "SEC Form 4 (insider transactions data set)",
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000119904526000010/#live"
   },
   {
    "name": "Form 4 P GLASSCOCK LARRY C 2026-09-30",
    "value": 74420.26,
    "shares": 367.0,
    "price": 202.78,
    "role": "director",
    "period": "2026-09-30",
    "source": "SEC Form 4 (insider transactions data set)",
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000118979326000014/#live"
   },
   {
    "name": "Form 4 P LEWIS RANDALL J 2026-09-30",
    "value": 13180.7,
    "shares": 65.0,
    "price": 202.78,
    "role": "director",
    "period": "2026-09-30",
    "source": "SEC Form 4 (insider transactions data set)",
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000112348526000010/#live"
   }
  ],
  "buffett": [],
  "lynch": [],
  "graham_enterprising": [],
  "piotroski": []
 },
 "earnings_record": {
  "net_income_by_fy": [
   {
    "fy": 2013,
    "period_end": "2013-12-31",
    "sec_frame": "CY2013",
    "value": 1551590000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000104746916010465/",
    "accession": "0001047469-16-010465"
   },
   {
    "fy": 2014,
    "period_end": "2014-12-31",
    "sec_frame": "CY2014",
    "value": 1651526000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837017000934/",
    "accession": "0001558370-17-000934"
   },
   {
    "fy": 2015,
    "period_end": "2015-12-31",
    "sec_frame": "CY2015",
    "value": 2139375000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837018000981/",
    "accession": "0001558370-18-000981"
   },
   {
    "fy": 2016,
    "period_end": "2016-12-31",
    "sec_frame": "CY2016",
    "value": 2134706000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837019000875/",
    "accession": "0001558370-19-000875"
   },
   {
    "fy": 2017,
    "period_end": "2017-12-31",
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    "value": 2244903000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837020001135/",
    "accession": "0001558370-20-001135"
   },
   {
    "fy": 2018,
    "period_end": "2018-12-31",
    "sec_frame": "CY2018",
    "value": 2822343000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837021001700/",
    "accession": "0001558370-21-001700"
   },
   {
    "fy": 2019,
    "period_end": "2019-12-31",
    "sec_frame": "CY2019",
    "value": 2423188000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837022001845/",
    "accession": "0001558370-22-001845"
   },
   {
    "fy": 2020,
    "period_end": "2020-12-31",
    "sec_frame": "CY2020",
    "value": 1277324000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837023001840/",
    "accession": "0001558370-23-001840"
   },
   {
    "fy": 2021,
    "period_end": "2021-12-31",
    "sec_frame": "CY2021",
    "value": 2568707000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837024001532/",
    "accession": "0001558370-24-001532"
   },
   {
    "fy": 2022,
    "period_end": "2022-12-31",
    "sec_frame": "CY2022",
    "value": 2452385000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837025001271/",
    "accession": "0001558370-25-001271"
   },
   {
    "fy": 2023,
    "period_end": "2023-12-31",
    "sec_frame": "CY2023",
    "value": 2617018000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000110465926019419/",
    "accession": "0001104659-26-019419"
   },
   {
    "fy": 2024,
    "period_end": "2024-12-31",
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    "value": 2729021000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000110465926019419/",
    "accession": "0001104659-26-019419"
   },
   {
    "fy": 2025,
    "period_end": "2025-12-31",
    "sec_frame": "CY2025",
    "value": 5364120000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000110465926019419/",
    "accession": "0001104659-26-019419"
   }
  ],
  "eps_diluted_by_fy": [
   {
    "fy": 2013,
    "period_end": "2013-12-31",
    "sec_frame": "CY2013",
    "value": null,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000104746914001416/",
    "accession": "0001047469-14-001416",
    "value_reported": 4.24,
    "split_factor": null,
    "split_basis": "split basis undetermined (filing date vs split date); not used in scores"
   },
   {
    "fy": 2019,
    "period_end": "2019-12-31",
    "sec_frame": "CY2019",
    "value": 6.81,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837022001845/",
    "accession": "0001558370-22-001845",
    "value_reported": 6.81,
    "split_factor": 1.0,
    "split_basis": "filed 2022-02-24"
   },
   {
    "fy": 2020,
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    "value": 3.59,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837023001840/",
    "accession": "0001558370-23-001840",
    "value_reported": 3.59,
    "split_factor": 1.0,
    "split_basis": "filed 2023-02-23"
   },
   {
    "fy": 2021,
    "period_end": "2021-12-31",
    "sec_frame": "CY2021",
    "value": 6.84,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837024001532/",
    "accession": "0001558370-24-001532",
    "value_reported": 6.84,
    "split_factor": 1.0,
    "split_basis": "filed 2024-02-22"
   },
   {
    "fy": 2022,
    "period_end": "2022-12-31",
    "sec_frame": "CY2022",
    "value": 6.52,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837025001271/",
    "accession": "0001558370-25-001271",
    "value_reported": 6.52,
    "split_factor": 1.0,
    "split_basis": "filed 2025-02-21"
   },
   {
    "fy": 2023,
    "period_end": "2023-12-31",
    "sec_frame": "CY2023",
    "value": 6.98,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000110465926019419/",
    "accession": "0001104659-26-019419",
    "value_reported": 6.98,
    "split_factor": 1.0,
    "split_basis": "filed 2026-02-25"
   },
   {
    "fy": 2024,
    "period_end": "2024-12-31",
    "sec_frame": "CY2024",
    "value": 7.26,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000110465926019419/",
    "accession": "0001104659-26-019419",
    "value_reported": 7.26,
    "split_factor": 1.0,
    "split_basis": "filed 2026-02-25"
   },
   {
    "fy": 2025,
    "period_end": "2025-12-31",
    "sec_frame": "CY2025",
    "value": 14.17,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000110465926019419/",
    "accession": "0001104659-26-019419",
    "value_reported": 14.17,
    "split_factor": 1.0,
    "split_basis": "filed 2026-02-25"
   }
  ],
  "revenue_by_fy": [
   {
    "fy": 2013,
    "period_end": "2013-12-31",
    "sec_frame": "CY2013",
    "value": 4543849000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000104746916010465/",
    "accession": "0001047469-16-010465"
   },
   {
    "fy": 2014,
    "period_end": "2014-12-31",
    "sec_frame": "CY2014",
    "value": 4870818000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837017000934/",
    "accession": "0001558370-17-000934"
   },
   {
    "fy": 2015,
    "period_end": "2015-12-31",
    "sec_frame": "CY2015",
    "value": 5266103000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837018000981/",
    "accession": "0001558370-18-000981"
   },
   {
    "fy": 2016,
    "period_end": "2016-12-31",
    "sec_frame": "CY2016",
    "value": 5435229000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837019000875/",
    "accession": "0001558370-19-000875"
   },
   {
    "fy": 2017,
    "period_end": "2017-12-31",
    "sec_frame": "CY2017",
    "value": 5527336000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837020001135/",
    "accession": "0001558370-20-001135"
   },
   {
    "fy": 2018,
    "period_end": "2018-12-31",
    "sec_frame": "CY2018",
    "value": 5645288000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837021001700/",
    "accession": "0001558370-21-001700"
   },
   {
    "fy": 2019,
    "period_end": "2019-12-31",
    "sec_frame": "CY2019",
    "value": 5755189000.0,
    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000155837022001845/",
    "accession": "0001558370-22-001845"
   },
   {
    "fy": 2020,
    "period_end": "2020-12-31",
    "sec_frame": "CY2020",
    "value": 4607503000.0,
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    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000110465926019419/",
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    "url": "https://www.sec.gov/Archives/edgar/data/1063761/000110465926019419/",
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  "dividend_years": [
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   {
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   {
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   {
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   {
    "txn_date": "2026-06-30",
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   {
    "txn_date": "2026-06-30",
    "insider_name": "STEWART MARTA R",
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    "price": 224.1,
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    "source_url": "https://www.sec.gov/Archives/edgar/data/1063761/000127206426000010/"
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   {
    "txn_date": "2026-06-30",
    "insider_name": "STEWART MARTA R",
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    "shares": 2.0,
    "price": 224.07,
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   {
    "txn_date": "2026-06-30",
    "insider_name": "STEWART MARTA R",
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    "code": "P",
    "shares": 179.0,
    "price": 223.14,
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   {
    "txn_date": "2026-06-30",
    "insider_name": "Cicco Martin J",
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    "shares": 13.0,
    "price": 223.14,
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    "source_url": "https://www.sec.gov/Archives/edgar/data/1063761/000210972926000008/"
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   {
    "txn_date": "2026-06-30",
    "insider_name": "Cicco Martin J",
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    "shares": 2.0,
    "price": 223.37,
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    "source_url": "https://www.sec.gov/Archives/edgar/data/1063761/000210972926000008/"
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   {
    "txn_date": "2026-06-30",
    "insider_name": "GLASSCOCK LARRY C",
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    "code": "P",
    "shares": 54.0,
    "price": 224.92,
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    "source_url": "https://www.sec.gov/Archives/edgar/data/1063761/000118979326000011/"
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   {
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   {
    "txn_date": "2026-06-30",
    "insider_name": "GLASSCOCK LARRY C",
    "role": "director",
    "code": "P",
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    "price": 223.14,
    "value": 73636.2,
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    "source_url": "https://www.sec.gov/Archives/edgar/data/1063761/000118979326000011/"
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   {
    "txn_date": "2026-06-30",
    "insider_name": "LEIBOWITZ REUBEN S",
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    "code": "P",
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    "price": 225.03,
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    "source_url": "https://www.sec.gov/Archives/edgar/data/1063761/000121098226000008/"
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   {
    "txn_date": "2026-06-30",
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    "source_url": "https://www.sec.gov/Archives/edgar/data/1063761/000121098226000008/"
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   {
    "txn_date": "2026-06-30",
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    "source_url": "https://www.sec.gov/Archives/edgar/data/1063761/000121098226000008/"
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   {
    "txn_date": "2026-06-30",
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    "price": 223.27,
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    "is_10b5_1": 0,
    "source_url": "https://www.sec.gov/Archives/edgar/data/1063761/000189868826000009/"
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   {
    "txn_date": "2026-06-30",
    "insider_name": "Roe Peggy",
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    "code": "P",
    "shares": 80.0,
    "price": 223.14,
    "value": 17851.199999999997,
    "is_10b5_1": 0,
    "source_url": "https://www.sec.gov/Archives/edgar/data/1063761/000189868826000009/"
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   {
    "txn_date": "2026-06-30",
    "insider_name": "Roe Peggy",
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    "source_url": "https://www.sec.gov/Archives/edgar/data/1063761/000189868826000009/"
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   {
    "txn_date": "2026-06-30",
    "insider_name": "SELIG STEFAN M",
    "role": "director",
    "code": "P",
    "shares": 187.0,
    "price": 223.14,
    "value": 41727.18,
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    "source_url": "https://www.sec.gov/Archives/edgar/data/1063761/000170940726000010/"
   },
   {
    "txn_date": "2026-06-30",
    "insider_name": "SELIG STEFAN M",
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    "shares": 33.0,
    "price": 224.01,
    "value": 7392.33,
    "is_10b5_1": 0,
    "source_url": "https://www.sec.gov/Archives/edgar/data/1063761/000170940726000010/"
   },
   {
    "txn_date": "2026-03-31",
    "insider_name": "Aeppel Glyn",
    "role": "director",
    "code": "P",
    "shares": 221.0,
    "price": 183.8,
    "value": 40619.8,
    "is_10b5_1": 0,
    "source_url": "https://www.sec.gov/Archives/edgar/data/1063761/000134026226000007/"
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  ]
 },
 "filings_and_news": {
  "sec_filing_index": "https://www.sec.gov/edgar/browse/?CIK=0001063761",
  "sec_8k": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001063761&type=8-K",
  "sec_form4": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001063761&type=4",
  "xbrl_companyfacts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001063761.json",
  "news_items": [],
  "note": "Press releases are filed as 8-K exhibits; the 8-K link lists them with dates."
 },
 "peer_context": {
  "graham": {
   "industry": "Real Estate Investment Trusts",
   "scored_peers": 0,
   "rank": null,
   "median": null
  },
  "magic_formula": {
   "industry": "Real Estate Investment Trusts",
   "scored_peers": 0,
   "rank": null,
   "median": null
  },
  "momentum": {
   "industry": "Real Estate Investment Trusts",
   "scored_peers": 27,
   "rank": 3,
   "median": 54.4,
   "top_peers": [
    {
     "ticker": "HST",
     "score": 83.7
    },
    {
     "ticker": "WELL",
     "score": 81.1
    },
    {
     "ticker": "SPG",
     "score": 72.7
    },
    {
     "ticker": "VTR",
     "score": 72.0
    },
    {
     "ticker": "DOC",
     "score": 71.0
    }
   ]
  },
  "insider": {
   "industry": "Real Estate Investment Trusts",
   "scored_peers": 27,
   "rank": 1,
   "median": 0.0,
   "top_peers": [
    {
     "ticker": "SPG",
     "score": 57.1
    },
    {
     "ticker": "ARE",
     "score": 50.4
    },
    {
     "ticker": "AMT",
     "score": 43.7
    },
    {
     "ticker": "WELL",
     "score": 36.5
    },
    {
     "ticker": "BXP",
     "score": 0.0
    }
   ]
  },
  "buffett": {
   "industry": "Real Estate Investment Trusts",
   "scored_peers": 0,
   "rank": null,
   "median": null
  },
  "lynch": {
   "industry": "Real Estate Investment Trusts",
   "scored_peers": 0,
   "rank": null,
   "median": null
  },
  "graham_enterprising": {
   "industry": "Real Estate Investment Trusts",
   "scored_peers": 0,
   "rank": null,
   "median": null
  },
  "piotroski": {
   "industry": "Real Estate Investment Trusts",
   "scored_peers": 0,
   "rank": null,
   "median": null
  }
 },
 "dossier": null,
 "external_views_link_only": {
  "morningstar": "https://www.morningstar.com/search?query=SPG",
  "finviz": "https://finviz.com/quote.ashx?t=SPG",
  "stockanalysis": "https://stockanalysis.com/stocks/spg/",
  "seeking_alpha": "https://seekingalpha.com/symbol/SPG",
  "openinsider": "http://openinsider.com/search?q=SPG",
  "google_news": "https://news.google.com/rss/search?q=SPG+stock"
 },
 "limits": [
  "Graham Defensive: not scored (financial)",
  "Magic Formula: not scored",
  "Buffett Quality: not scored (financial)",
  "Lynch GARP: not scored (financial)",
  "Graham Enterprising: not scored (financial)",
  "Piotroski F-Score: not scored (financial)",
  "News is not collected for this ticker; use the SEC 8-K and press-release links below"
 ],
 "machine_readable": {
  "stock_json": "https://theclaudetrader.com/s/SPG.json",
  "stock_md": "https://theclaudetrader.com/s/SPG.md",
  "packet": "https://theclaudetrader.com/r/SPG.json",
  "grid": "https://theclaudetrader.com/grid.json",
  "openapi": "https://theclaudetrader.com/openapi.json",
  "index": "https://theclaudetrader.com/llms.txt"
 },
 "cite_as": "The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/SPG; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.",
 "disclaimer": "Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation."
}