Earnings summaries and quarterly performance for SPG.
Executive leadership at SPG.
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 SPG.
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 SPG earnings calls.
Alexander Goldfarb
Piper Sandler
7 questions for SPG
Also covers: ALEX, ALX, AVB +25 more
Michael Goldsmith
UBS
7 questions for SPG
Also covers: ADC, AHR, AMH +39 more
RK
Ronald Kamdem
Morgan Stanley
7 questions for SPG
Also covers: AAT, ADC, AHR +37 more
Vince Tibone
Green Street
7 questions for SPG
Also covers: CBL, COLD, EGP +7 more
Craig Mailman
Citigroup
6 questions for SPG
Also covers: AKR, BRX, COLD +15 more
Linda Tsai
Jefferies
6 questions for SPG
Also covers: ADC, AKR, AMH +32 more
CB
Caitlin Burrows
Goldman Sachs
5 questions for SPG
Also covers: ALX, BNL, BRX +19 more
Greg McGinniss
Scotiabank
5 questions for SPG
Also covers: BRX, COLD, EPRT +14 more
HS
Haendel St. Juste
Mizuho Financial Group
5 questions for SPG
Also covers: AAT, ADC, AIV +21 more
MM
Michael Mueller
JPMorgan Chase & Co.
5 questions for SPG
Also covers: AKR, BRX, CBL +27 more
OO
Omotayo Okusanya
Deutsche Bank AG
5 questions for SPG
Also covers: AMH, ARE, AVB +43 more
Floris van Dijkum
Compass Point Research & Trading
4 questions for SPG
Also covers: AKR, ALX, APLE +21 more
Jeffrey Spector
BofA Securities
4 questions for SPG
Also covers: AKR, AMH, AVB +25 more
Juan Sanabria
BMO Capital Markets
4 questions for SPG
Also covers: AHR, AMH, BRX +22 more
Floris Gerbrand van Dijkum
Compass Point Research & Trading, LLC
3 questions for SPG
Also covers: AKR, ALX, APLE +14 more
Samir Khanal
Bank of America
3 questions for SPG
Also covers: AKR, BRX, COLD +18 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
HZ
Hong Zhang
JPMorgan Chase & Co.
2 questions for SPG
Also covers: BRX, CUBE, CURB +7 more
MC
Michael Corkery
Evercore ISI
2 questions for SPG
Michael Griffin
Citigroup Inc.
2 questions for SPG
Also covers: AHR, ALX, ARE +35 more
Rich Hightower
Barclays
2 questions for SPG
Also covers: ADC, AMH, APLE +25 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, EPRT +11 more
Recent press releases and 8-K filings for SPG.
Simon Property highlights record 2025 results and $5.5 B development pipeline
SPG
New Projects/Investments
M&A
- Simon delivered record 2025 results across revenue, NOI, real estate FFO and dividends, with momentum carrying into early 2026.
- The A-rated balance sheet features >$9 B liquidity and generates >$1.5 B free cash flow after dividends, funding a $1.5 B active and $4 B shadow development pipeline focused on high-return redevelopments and mixed-use projects.
- Completed $2 B of strategic acquisitions in 2025—Taubman stake, Brickell City Center interest and Italian mall luxury outlets—to enhance portfolio quality and growth profile.
- Launched a retail media network leveraging a 25 M-member consumer database and loyalty program, and is deploying AI across leasing, marketing, operations and energy management to boost tenant performance and efficiency.
Mar 3, 2026, 8:35 PM
Simon Property Group outlines strategy and growth initiatives at Citi Global Property CEO Conference
SPG
M&A
New Projects/Investments
- Delivered record 2025 results across revenue, NOI, FFO and dividends, with strong retailer demand and shopper traffic extending into early 2026.
- Completed $2 billion of strategic acquisitions in 2025, including the remaining interest in Taubman Realty, partner stake in Brickell City Centre, and The Mall Luxury Outlets in Italy.
- Maintains an active development pipeline of $1.5 billion and a $4 billion shadow pipeline, ~40% of which is earmarked for transformative mixed-use projects at iconic assets such as Town Center of Boca Raton and Fashion Valley, with builds starting 2027–2029.
- Boasts an A-rated balance sheet with > $9 billion liquidity and generates >$1.5 billion in free cash flow after dividends annually, supporting disciplined reinvestment, acquisitions, and capital returns.
- Leveraging technology and data: deploying AI for operational efficiency across functions and has launched a retail media network powered by a 25 million+ consumer database and new loyalty program to monetize shopper insights.
Mar 3, 2026, 8:35 PM
Simon Property Group outlines strategic priorities at Citi’s Miami Global Property CEO Conference 2026
SPG
New Projects/Investments
M&A
- Delivered record 2025 results across revenue, NOI, real estate FFO, and dividends, driven by strong retailer demand and rising shopper traffic
- Completed $2 billion of strategic acquisitions, including the remaining interest in Taubman Realty Group, partner stakes in Brickell City Center, and Italian luxury outlet malls
- Active development pipeline of $1.5 billion with a $4 billion shadow pipeline (≈40% mixed-use at flagship assets like Town Center of Boca Raton and Fashion Valley)
- Maintains an A-rated balance sheet with >$9 billion liquidity and >$1.5 billion annual free cash flow after dividends, supporting disciplined reinvestment and shareholder returns
- Expanding use of AI and data analytics—including a retail media network leveraging data on 25 million consumers—to drive operational efficiencies and monetize tenant insights
Mar 3, 2026, 8:35 PM
Simon Property Group authorizes new stock repurchase program
SPG
Share Buyback
- The Board of Directors authorized a $2.0 billion common stock repurchase program through February 29, 2028.
- This program replaces a prior $2.0 billion plan set to expire on February 15, 2026, of which $1.7 billion remained available.
- Repurchases may occur in the open market or via privately negotiated transactions at prices deemed appropriate by the Company.
- The program is discretionary; Simon is not obligated to repurchase any shares and may suspend or terminate the program at any time.
Feb 5, 2026, 9:07 PM
Simon Property Group announces major redevelopments in Nashville, Denver & Tampa
SPG
New Projects/Investments
- Simon Property Group plans an over $250 million investment in three premier retail centers: The Mall at Green Hills (Nashville), Cherry Creek Shopping Center (Denver), and International Plaza (Tampa).
- Redevelopment will feature luxury-focused upgrades, including grand flagship entrances, jewel-box boutique spaces, refined architectural finishes, and a 50,000 sq ft open-air expansion at International Plaza.
- Construction is set to begin in 2026, following Simon’s full acquisition of the properties from Taubman Realty Group in November.
Feb 4, 2026, 2:00 PM
Simon Property Group reports Q4 2025 results
SPG
Earnings
Guidance Update
Dividends
- Real estate FFO was $3.49 per share, up 4.2% year-over-year from $3.35.
- Portfolio NOI grew 5.1% in Q4 2025 (domestic NOI +4.8%) with occupancy at 96.4% for malls/premium outlets and 99.2% for The Mills.
- Declared a $2.20 per share dividend for Q1 2026 (up 4.8% YoY) and repurchased 1.2 million shares ($227 million) in 2025 plus 273,000 shares ($50 million) post-year-end.
- 2026 guidance: real estate FFO of $13.00–$13.25 per share (midpoint $13.13), assuming ≥3% domestic NOI growth and $0.25–$0.30 higher net interest expense per share.
- Acquisitions and development: 2025 net development costs of $1.5 billion at a 9% blended yield with a pipeline exceeding $4 billion; notable deals include The Mall (Italy), Brickell City Centre, and remaining 12% of Taubman.
Feb 2, 2026, 10:00 PM
Simon Property Group reports Q4 2025 results
SPG
Earnings
Guidance Update
Dividends
- In Q4 2025, Simon reported net income attributable to common stockholders of $3.048 billion, or $9.35 per diluted share, versus $667.2 million, or $2.04 per diluted share in Q4 2024.
- Real Estate FFO was $1.328 billion, or $3.49 per diluted share, a 4.2% increase over Q4 2024.
- Domestic property NOI increased 4.8% and portfolio NOI rose 5.1% year-over-year.
- For FY 2026, Simon forecasts net income of $6.87–$7.12 per diluted share and Real Estate FFO of $13.00–$13.25 per diluted share.
- Simon ended 2025 with $9.1 billion of liquidity and declared a Q1 2026 dividend of $2.20 per share, up 4.8% year-over-year.
Feb 2, 2026, 10:00 PM
Simon Property Group reports Q4 2025 results
SPG
Earnings
Dividends
Guidance Update
- Record full-year FFO of $4.8 billion ($12.73/share) and Q4 FFO of $3.49 per share, up 4.2% YoY; portfolio NOI grew 5.1% in Q4 (domestic +4.8%) with mall/outlet occupancy at 96.4%.
- Acquired $2 billion of high-quality retail assets (including Italian outlets, Brickell City Centre interest and TRG stake) and completed > 20 redevelopments; development pipeline exceeds $4 billion.
- Completed $9 billion of financing in 2025 (including $1.5 B senior notes at 1.77% and $7 B secured refinancings), ended year with $9 billion liquidity and net debt/EBITDA of 5.0x; returned ~$3.5 B to shareholders and declared Q1 dividend of $2.20 (up 4.8%).
- 2026 guidance: real estate FFO of $13.00–$13.25 per share (midpoint $13.13), assuming ≥ 3% domestic NOI growth and $0.25–$0.30 higher net interest expense per share.
Feb 2, 2026, 10:00 PM
Simon Property Group reports Q4 2025 results
SPG
Earnings
Guidance Update
New Projects/Investments
- Delivered record FY 2025 FFO of $4.8 billion ($12.73/share) and Q4 FFO of $3.49 per share, up 4.2% year-over-year.
- Achieved strong operating metrics with 96.4% occupancy at malls/premium outlets, 99.2% at mills, and same-currency NOI growth of 5.1% in Q4 (4.7% for the year).
- Expanded portfolio with $2 billion of acquisitions—including The Mall and remaining Taubman interest—signed 4,600 leases (17 million sq ft), and completed over 20 redevelopments in 2025.
- Returned approximately $3.5 billion to shareholders via buybacks/dividends and set Q1 2026 dividend at $2.20 per share, a 4.8% increase.
- Issued 2026 guidance of $13.00–$13.25 FFO per share, assuming at least 3% domestic NOI growth and higher net interest expense.
Feb 2, 2026, 10:00 PM
Simon Property reports Q4 2025 results
SPG
Earnings
Dividends
- Simon Property generated net income attributable to common stockholders of $3.048 billion (EPS $9.35), versus $667.2 million (EPS $2.04) in Q4 2024.
- Real Estate FFO for Q4 was $1.328 billion (FFO per share $3.49), up 4.2% year-over-year from $1.261 billion ($3.35 per share).
- For the full year 2025, the company achieved record Real Estate FFO of $4.812 billion (per share $12.73), a 4.0% increase over 2024.
- Domestic property NOI increased 4.8% and total portfolio NOI rose 5.1% compared to Q4 2024.
- The Board declared a Q1 2026 common dividend of $2.20 per share, a 4.8% increase year-over-year.
Feb 2, 2026, 9:12 PM
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