Simon Property Group, Inc. earnings overview

SPG FY2026 Q1 · Calendar Q2 2026

Simon Property Group, Inc.

Simon Property Group reported a solid Q1 FY2026 with real estate FFO of $1.2 billion, up 7.5% year-over-year, beating consensus EPS by 1.4% and revenue by 13.9%. Occupancy held at 96% for malls and 99.2% for The Mills, with 1,100+ new leases covering 4.7 million square feet and new-deal volume up ~25% YoY. Management raised full-year FFO guidance to $13.10-$13.25 per share and increased the quarterly dividend 7% to $2.25, underpinned by a $5 billion development pipeline and disciplined capital allocation. The stock rose 2.3% on the print and drifted 3.5% higher in subsequent sessions, now trading at $236.70 — above the analyst consensus target of $219.67.