Simon Property Group (NYSE:SPG) Updates FY 2026 Earnings Guidance

Simon Property Group (NYSE:SPG) updated its FY 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 13.200-13.300 for the period, compared to the consensus earnings per share estimate of 13.210. The company issued revenue guidance of -.

Analysts Set New Price Targets

SPG has been the subject of several recent analyst reports. Citigroup boosted their target price on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Barclays boosted their price target on shares of Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Morgan Stanley upped their price objective on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 9th. Finally, Evercore set a $215.00 price target on shares of Simon Property Group in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Simon Property Group has an average rating of “Hold” and an average target price of $216.14.

Simon Property Group Stock Down 1.3%

NYSE SPG opened at $220.10 on Tuesday. Simon Property Group has a 1 year low of $163.29 and a 1 year high of $238.50. The stock has a market capitalization of $71.38 billion, a PE ratio of 15.30, a PEG ratio of 2.88 and a beta of 1.30. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50-day moving average is $221.15 and its 200 day moving average is $205.09.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $1.65. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the company posted $1.70 EPS. Simon Property Group’s quarterly revenue was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Sell-side analysts forecast that Simon Property Group will post 13.21 earnings per share for the current year.

Simon Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.1%. Simon Property Group’s payout ratio is 62.54%.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Gary M. Rodkin purchased 256 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of $223.34 per share, with a total value of $57,175.04. Following the completion of the purchase, the director directly owned 21,016 shares of the company’s stock, valued at $4,693,713.44. The trade was a 1.23% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Glyn Aeppel purchased 243 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the acquisition, the director owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This represents a 1.17% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 2,387 shares of company stock valued at $533,056 over the last 90 days. Company insiders own 8.73% of the company’s stock.

Simon Property Group News Roundup

Here are the key news stories impacting Simon Property Group this week:

• Positive Sentiment: FFO and revenue exceeded estimates. Second-quarter funds from operations reached $3.29 per share, up from $3.05 a year earlier and above the $3.18 consensus estimate. Revenue increased 19.5% year over year to $1.79 billion, surpassing the $1.61 billion forecast. Simon Property Q2 FFO and Revenues Top Estimates
• Positive Sentiment: Retail operating trends remained robust. Retailer sales rose 13.9%, while shopper traffic accelerated at Simon’s premium outlets and shopping destinations. Management cited live events and experiential offerings as drivers of physical-store engagement. Simon Property Group Leverages Live Events to Drive Retailer Sales Growth
• Positive Sentiment: The dividend was raised. SPG declared a quarterly dividend of $2.25 per share, representing an annualized yield of approximately 4.1%. The increase reinforces the company’s appeal to income-focused and defensive investors.
• Positive Sentiment: Management increased its full-year 2026 outlook. Real estate FFO guidance was raised to approximately $13.20–$13.30 per share, signaling confidence in leasing, occupancy and consumer demand. Simon Reports Second Quarter 2026 Results and Increases Guidance
• Neutral Sentiment: Investors remain divided on valuation and the economic outlook. Analysts and commentary continue to view SPG as a defensive, high-quality REIT supported by scale, diversification and strong credit ratings, but higher-for-longer interest rates and a maturing economy could make future growth more difficult.
• Negative Sentiment: GAAP earnings were distorted and guidance was only slightly above the prior outlook. Reported net income attributable to common shareholders and diluted GAAP EPS declined sharply, despite stronger FFO. The new outlook was also close to consensus, limiting the size of the earnings surprise and potentially restraining further upside.

Hedge Funds Weigh In On Simon Property Group

Several hedge funds and other institutional investors have recently modified their holdings of SPG. Brighton Jones LLC purchased a new position in Simon Property Group during the fourth quarter valued at $295,000. Armistice Capital LLC purchased a new stake in shares of Simon Property Group in the fourth quarter worth $211,000. DV Equities LLC purchased a new stake in shares of Simon Property Group in the fourth quarter worth $85,000. Zions Bancorporation National Association UT increased its holdings in shares of Simon Property Group by 31.1% during the fourth quarter. Zions Bancorporation National Association UT now owns 835 shares of the real estate investment trust’s stock valued at $155,000 after acquiring an additional 198 shares in the last quarter. Finally, Triumph Capital Management bought a new position in shares of Simon Property Group during the third quarter valued at $194,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE: SPG) is a publicly traded real estate investment trust (REIT) that owns, develops and manages retail real estate properties. Its core business activities include acquisition, development, leasing and property management of regional malls, outlet centers and mixed‑use retail destinations. The company operates retail brands that include high‑profile regional shopping centers and the Premium Outlets platform, and it provides services such as tenant leasing, marketing, property operations and capital projects to optimize asset performance.

Simon’s portfolio spans a broad mix of enclosed malls, open‑air centers, outlet properties and mixed‑use developments, and the company pursues redevelopment and repositioning to adapt properties to changing consumer and retail trends.