Earnings summaries and quarterly performance for SIMON PROPERTY GROUP.
Executive leadership at SIMON PROPERTY GROUP.
David Simon
Detailed
Chairman, Chief Executive Officer and President
CEO
AJ
Adam J. Reuille
Detailed
Senior Vice President and Chief Accounting Officer
BJ
Brian J. McDade
Detailed
Executive Vice President and Chief Financial Officer
ES
Eli Simon
Detailed
Executive Vice President – Chief Investment Officer
JR
John Rulli
Detailed
Chief Administrative Officer
SE
Steven E. Fivel
Detailed
General Counsel and Secretary
Board of directors at SIMON PROPERTY GROUP.
DC
Daniel C. Smith, Ph.D.
Detailed
Director
GM
Gary M. Rodkin
Detailed
Director
GF
Glyn F. Aeppel
Detailed
Director
LC
Larry C. Glasscock
Detailed
Lead Independent Director
MR
Marta R. Stewart
Detailed
Director
NP
Nina P. Jones
Detailed
Director
PF
Peggy Fang Roe
Detailed
Director
RJ
Randall J. Lewis
Detailed
Director
RS
Reuben S. Leibowitz
Detailed
Director
RS
Richard S. Sokolov
Detailed
Vice Chairman
SM
Stefan M. Selig
Detailed
Director
Research analysts who have asked questions during SIMON PROPERTY GROUP earnings calls.
Alexander Goldfarb
Piper Sandler
5 questions for SPG
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Michael Goldsmith
UBS
5 questions for SPG
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RK
Ronald Kamdem
Morgan Stanley
5 questions for SPG
Also covers: AAT, ADC, AHR +36 more
Vince Tibone
Green Street
5 questions for SPG
Also covers: CBL, COLD, EGP +7 more
Craig Mailman
Citigroup
4 questions for SPG
Also covers: AKR, BRX, COLD +15 more
Jeffrey Spector
BofA Securities
4 questions for SPG
Also covers: AKR, AMH, AVB +25 more
Linda Tsai
Jefferies
4 questions for SPG
Also covers: ADC, AKR, AMH +31 more
CB
Caitlin Burrows
Goldman Sachs
3 questions for SPG
Also covers: ALX, BNL, BRX +19 more
Floris Gerbrand van Dijkum
Compass Point Research & Trading, LLC
3 questions for SPG
Also covers: AKR, ALX, APLE +14 more
Greg McGinniss
Scotiabank
3 questions for SPG
Also covers: BRX, COLD, EPRT +14 more
HS
Haendel St. Juste
Mizuho Financial Group
3 questions for SPG
Also covers: AAT, ADC, AIV +21 more
MM
Michael Mueller
JPMorgan Chase & Co.
3 questions for SPG
Also covers: AKR, BRX, CBL +26 more
OO
Omotayo Okusanya
Deutsche Bank AG
3 questions for SPG
Also covers: AMH, ARE, BDN +40 more
Steve Sakwa
Evercore ISI
3 questions for SPG
Also covers: ALX, AMH, AVB +31 more
CS
Caitlin Szczupak
Goldman Sachs
2 questions for SPG
Also covers: KRC, PSA
Floris van Dijkum
Compass Point Research & Trading
2 questions for SPG
Also covers: AKR, ALX, APLE +19 more
HZ
Hong Zhang
JPMorgan Chase & Co.
2 questions for SPG
Also covers: BRX, CUBE, EXR +4 more
Juan Sanabria
BMO Capital Markets
2 questions for SPG
Also covers: AMH, BRX, CTRE +20 more
Michael Griffin
Citigroup Inc.
2 questions for SPG
Also covers: AHR, ALX, ARE +32 more
KB
Ki Bin Kim
Truist Securities
1 question for SPG
Also covers: ADC, AKR, BNL +20 more
LY
Linda Yu Tsai
Jefferies Financial Group Inc.
1 question for SPG
Also covers: ADC, AKR, BRX +11 more
Nicholas Joseph
Citigroup
1 question for SPG
Also covers: AMH, ARE, CUBE +13 more
RV
Ravi Vaidya
Mizuho
1 question for SPG
Also covers: AAT, CUBE, EXR +9 more
Samir Khanal
Bank of America
1 question for SPG
Also covers: BRX, COLD, CUBE +16 more
Recent press releases and 8-K filings for SPG.
Simon Property Group sells $800 million of senior notes
SPG
Debt Issuance
- Simon Property Group’s operating partnership agreed to sell $800 million of 4.300% senior notes due 2031, expected to close on January 13, 2026.
- Proceeds will fully repay $800 million of outstanding 3.300% notes maturing in 2026.
- The offering is managed by BofA Securities, Deutsche Bank Securities, Goldman Sachs & Co. and RBC Capital Markets as joint book-running managers.
- Notes are being issued under the Operating Partnership’s shelf registration, with sales conducted via a prospectus supplement and accompanying prospectus.
3 days ago
Simon Property Group acquires Phillips Place in Charlotte
SPG
M&A
New Projects/Investments
- Simon Property Group has acquired Phillips Place, a 134,000 sq ft open-air retail center in SouthPark, Charlotte, North Carolina.
- Phillips Place features 25+ specialty shops and restaurants, including alice+olivia, Peter Millar, rag & bone, Ralph Lauren, Veronica Beard, RH Gallery with a Rooftop Restaurant, and The Palm.
- The property is part of an iconic mixed-use destination that also includes a 180+ room hotel and a multi-family residential component, both owned by Simon.
- Simon intends to continue delivering the center’s exceptional shopping experience and will enhance it over time through new offerings, merchandising, and ongoing investment.
Nov 18, 2025, 3:00 PM
Simon Property Group acquires remaining interest in Talbot Realty and reports Q3 2025 results
SPG
Earnings
M&A
Guidance Update
- Completed acquisition of remaining 12% interest in Talbot Realty Group for 5.06 million LP units at an overall cap rate >7.25%, adding 50 bps to going-in yield and consolidating the portfolio with a Q4 non-cash gain expected.
- Q3 real estate FFO of $3.22 per share, up 5.6% YoY; Domestic NOI +5.1% and Portfolio NOI +5.2% YoY; occupancy at 96.4% (malls/outlets) and 99.4% (mills).
- Executed 1,000+ leases (~4 million sq ft) with 30% new deals, driving 2.5% average rent growth and sequential acceleration in retail sales and shopper traffic.
- Maintained $9.5 billion liquidity; issued $1.5 billion U.S. senior notes at 4.8% coupon and closed $5.4 billion in secured loans at 5.38% avg. rate YTD.
- Raised full-year FY 2025 FFO guidance to $12.60–12.70 per share (vs. prior $12.45–12.65) and declared a $2.20 Q4 dividend, up 4.8% YoY.
Nov 3, 2025, 10:00 PM
Simon Property Group reports Q3 2025 results and completes TRG acquisition
SPG
Earnings
M&A
Guidance Update
- Completed the acquisition of the remaining 12% interest in Taubman Realty Group at a >7.25% cap rate, adding 50 bps to the overall yield through operational synergies and full consolidation benefits in 2027.
- Delivered Real Estate FFO of $3.22 per share (up 5.6% y/y) and funds from operations of $1.23 billion (or $3.25 per share); Malls & Premium Outlets occupancy rose to 96.4%, and the Mills to 99.4%, with retailer sales up over 4% and occupancy costs stable at 13%.
- Raised full-year 2025 Real Estate FFO guidance to $12.60–$12.70 per share, up from prior guidance of $12.45–$12.65.
- Announced a $2.20 per share fourth-quarter dividend (up 4.8% y/y), payable December 31, and ended Q3 with $9.5 billion of liquidity after issuing $1.5 billion of senior notes at a 4.8% coupon.
Nov 3, 2025, 10:00 PM
Simon Property Group reports Q3 2025 earnings results
SPG
Earnings
M&A
Guidance Update
- Completed acquisition of the remaining 12% interest in Talbot Realty Group at an overall cap rate of over 7.25%, to be consolidated as a business combination; transaction is accretive in 2026 with full operational benefits in 2027, adding 50 bps to yield and generating a significant non-cash FFO gain in Q4 2025.
- Real estate FFO was $3.22 per share in Q3, up 5.6% YoY; domestic NOI rose 5.1%, portfolio NOI 5.2%; malls & premium outlets occupancy 96.4%, Mills 99.4%; average base rents up 2.5% and 1.8%, respectively; retailer sales per sq ft were $742 with volumes up 4%.
- Ended Q3 with $9.5 billion of liquidity; issued $1.5 billion of U.S. senior notes at a 4.8% coupon and closed $5.4 billion of secured loans at a 5.38% average rate; announced a Q4 2025 dividend of $2.20 per share, up 4.8% YoY, payable December 31.
- Increased full-year 2025 real estate FFO guidance to $12.60–$12.70 per share from a prior range of $12.45–$12.65.
- Development pipeline of net project costs totaling $1.25 billion at a blended yield of 9%, with 45% allocated to mixed-use initiatives.
Nov 3, 2025, 10:00 PM
Simon Property Group reports Q3 2025 results
SPG
Earnings
Guidance Update
Dividends
- Delivered strong Q3 results with net income of $606.2 million ($1.86 per diluted share), FFO of $1.228 billion ($3.25/sh), and Real Estate FFO of $1.215 billion ($3.22/sh), a 5.6% increase y/y.
- Declared a $2.20 quarterly dividend for Q4 2025, up 4.8% y/y, payable December 31, 2025.
- Raised full-year Real Estate FFO guidance to $12.60–$12.70 per diluted share for 2025.
- Completed acquisition of the remaining 12% interest in Taubman Realty Group.
Nov 3, 2025, 10:00 PM
Simon Property Group reports Q3 2025 results
SPG
Earnings
Guidance Update
Dividends
- Net income attributable to common stockholders was $606.2 million, or $1.86 per diluted share, versus $475.2 million, $1.46 in Q3 2024
- FFO of $1.228 billion ($3.25 per diluted share) and Real Estate FFO of $1.215 billion ($3.22 per diluted share), up 5.6% year-over-year
- Domestic property NOI rose 5.1% and portfolio NOI grew 5.2% compared to the prior year period
- Raised full-year 2025 Real Estate FFO guidance to $12.60 – $12.70 per diluted share
- Declared Q4 dividend of $2.20 per share, a 4.8% increase year-over-year
Nov 3, 2025, 9:08 PM
Simon Property Group reports Q3 2025 results
SPG
Earnings
Guidance Update
M&A
- Net income attributable to common stockholders was $606.2 million ($1.86 per diluted share); FFO was $1.228 billion ($3.25 per diluted share); Real Estate FFO was $1.215 billion ($3.22 per diluted share), up 5.6% year-over-year.
- Completed acquisition of the remaining 12% interest in The Taubman Realty Group, consolidating full ownership.
- Raised full-year guidance for Real Estate FFO per diluted share to $12.60–$12.70 for 2025.
- Q4 dividend increased 4.8% to $2.20 per share, payable December 31, 2025.
Nov 3, 2025, 9:05 PM
Simon Property Group acquires remaining interest in Taubman Realty Group
SPG
M&A
- Simon Property Group closed on the acquisition of the remaining 12% interest in The Taubman Realty Group Limited Partnership in exchange for 5.06 million limited partnership units in Simon Property Group L.P.
- The transaction is expected to be accretive, aligning with Simon’s strategy to own high-quality assets, unlock operational synergies and drive innovation
- Full ownership of TRG positions Simon to capitalize on new growth opportunities, increase net operating income and deliver long-term shareholder returns
- Robert and Billy Taubman were thanked for their contributions over the past 75 and five years, respectively, and will remain significant Simon shareholders
Nov 3, 2025, 2:00 PM
Simon Property Group sells $1.5 B in senior notes
SPG
Debt Issuance
- SPG’s operating partnership subsidiary agreed to sell $700 million of 4.375% notes due 2030 and $800 million of 5.125% notes due 2035.
- Combined offering has a weighted average term of 7.8 years and coupon of 4.775%, closing expected August 19, 2025.
- Net proceeds will repay up to $1.1 billion of 3.500% notes maturing September 2025 and fund general corporate purposes, including other unsecured debt.
- Joint book-running managers are BBVA Securities, J.P. Morgan Securities, TD Securities (USA) and Wells Fargo Securities.
Aug 12, 2025, 10:12 PM
Quarterly earnings call transcripts for SIMON PROPERTY GROUP.
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