Simon Property Group, Inc. · SPG-PJ · FY2026 Q2 · Calendar Q3 2026

Simon Property Group Q2 2026: Revenue Beat, EPS Miss

The supplied evidence does not establish a new positive or negative long-term thesis for Simon Property Group. The current quarter shows a reported revenue beat alongside an EPS miss, while the prior-quarter analysis cited strong demand, occupancy, development, and raised guidance; current qualitative confirmation is missing.

Reported After market closeNYSEReal Estate $58.48B market cap
60quality score

Earnings scorecard

Reported versus consensus
Reported EPS $1.49 Consensus $1.64
EPS surprise -9.1% Reported versus consensus
Reported revenue $1.66B Consensus $1.61B
Revenue surprise +3.0% Reported versus consensus

Market reaction

unavailable
Stock move — Event window
SPY move — Same window
Abnormal move — Stock minus SPY
Volume — Versus trailing sessions
Subsequent drift — Up to 20 sessions
Price and volume data were unavailable at publication time.

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Transcript intelligence

What changed

Relative to the prior-quarter analysis, the supplied current-quarter facts add a reported EPS miss and revenue beat versus consensus. They do not supply current transcript analysis, a current guidance update, or a market reaction.

Guidance delta

Current-quarter guidance change is not available in the supplied analysis. The prior-quarter analysis recorded raised full-year 2026 real estate FFO guidance.

Key takeaways

  • Reported EPS was below the supplied consensus estimate, while reported revenue was above it.
  • The supplied current-quarter analysis contains no transcript-derived explanation for the quarter.
  • The prior-quarter analysis described strong occupancy, retailer demand, mixed-use development, and raised guidance.

Management priorities

  • Leasing and tenant demand, including luxury and athleisure brands.
  • Mixed-use redevelopment and development-pipeline execution.
  • Capital allocation through investment, acquisitions, and share repurchases.

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Earnings History

Estimate Beat Miss Match
SPG-PJ EPS earnings history estimate and actual scatter chart 8 reported fiscal quarters and 1 future estimate-only quarters. Q4 '23 actual $0.89, None Q1 '24 actual $2.25, None Q2 '24 actual $1.52, None Q2 '25 estimate $1.54 Q2 '25 actual $1.71, beat Q3 '25 estimate $1.61 Q3 '25 actual $1.86, beat Q4 '25 estimate $1.90 Q4 '25 actual $9.35, beat Q1 '26 estimate $1.46 Q1 '26 actual $1.48, beat Q2 '26 estimate $1.64 Q2 '26 actual $1.49, miss Q3 '26 estimate $1.68

Analyst Consensus ?

ConsensusHold28 ratings
Bullish1242.9%
Neutral1450.0%
Bearish27.1%

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Truist Securities Hold HoldMaintainAug 28, 2023
JP Morgan Neutral NeutralMaintainAug 28, 2023
Evercore ISI Group In Line OutperformDowngradeAug 2, 2023
UBS Neutral NeutralMaintainJul 12, 2023
Stifel Buy BuyMaintainJul 12, 2023
Show 23 more rating actions

Named analyst price targets

Upside is unavailable because neither a positive current snapshot nor previous close is persisted. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Evercore ISIAnalyst unavailable$114$64.99 -Sep 27, 2022
Truist FinancialAnalyst unavailable$125$65.31 -Aug 16, 2022
Mizuho SecuritiesAnalyst unavailable$115$65.66 -Aug 3, 2022
UBSAnalyst unavailable$115$64.02 -Aug 2, 2022
UBSAnalyst unavailable$110$64.5 -Jul 25, 2022
See 1 more

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Company context

Snapshot as of publication

Simon Property Group, an S&P 100 company, functions as a prominent real estate investment trust. It holds ownership of a distinguished collection of retail, dining, entertainment, and multi-use lifestyle centers. These expansive properties, located across North America, Europe, and Asia, serve as vibrant social hubs for millions of daily visitors, collectively generating annual sales volumes in the billions.

Latest beats and misses

Who reports next

Beat on EPS

Missed on EPS

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Sources

  1. Earnings call transcript and parsed analysis · 2026-08-11T14:14:52.669919+00:00
  2. FN2 earnings calendar · 2026-09-15T01:23:15.305287+00:00
  3. Polygon adjusted daily market bars
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-21T20:40:48.130693+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.