Simon Property Group stock reports higher 2026 FFO guidance

Published on 09/28/2026 at 14:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Simon Property Group stock was last at USD 204.82 on September 25, 2026, while analysts set a USD 228.14 average target. Q2 FFO rose 7.9 percent year over year.

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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.

FFO guidance moves higher

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.

Leasing supports the outlook

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 drag on results, making financing costs an important counterweight to leasing growth.

Analysts see upside to USD 228.14

MarketBeat reported on September 26, 2026 that 17 analysts held a consensus rating of Hold and an average 12-month price target of USD 228.14. Against the September 25 price of USD 204.82, that target is USD 23.32 higher, while the neutral consensus reflects the gap between stronger operating trends and interest-rate sensitivity.

Dividend payment is scheduled

Simon declared a quarterly dividend of USD 2.25 per share, up 4.7 percent year over year, with payment scheduled for September 30, 2026, according to Trivano. For investors, the key checkpoint is whether higher leasing income can continue to offset the USD 0.06 financing drag.