Simon Property Group stock reports higher 2026 FFO guidance
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Simon Property Group stock (ISIN US8288061091) was last at USD 204.82 on the NYSE on September 25, 2026 at 4:00 p.m. ET, while the company carries a USD 66.4 billion market capitalization. The latest operating update raised full-year 2026 real estate FFO guidance to USD 13.20-13.30 per share. Simon Property Group's second-quarter real estate FFO reached USD 3.29 per share, up 7.9 percent from USD 3.05 in the prior-year period, according to The Globe and Mail on August 10, 2026. The updated FFO range compares with USD 12.73 per share in 2025 and represents an increase from the prior guidance range of USD 13.10-13.25. The REIT also reported USD 1.79 billion in second-quarter revenue, up 19.5 percent year over year, although EPS of USD 1.49 came in below the USD 1.64 consensus estimate, MarketBeat reported on September 26, 2026. Operational figures provide the stronger part of the investment case. Malls and Premium Outlets occupancy stood at 96.0 percent in Q2 2026, while retailer sales reached USD 838 per square foot, an increase of 13.9 percent year over year, according to The Globe and Mail. Simon signed more than 1,200 leases totaling over 4.8 million square feet during the quarter. The development pipeline stood at USD 4.0 billion, while liquidity reached USD 9.3 billion at quarter end. Higher interest expense and lower interest income created a USD 0.06 year-over-year...
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