Aug. 10 at 8:15 PM
$SPG | SIMON PROPERTY GROUP, INC. Q2 2026 EARNINGS HIGHLIGHTS
◆ FFO:
$3.29 vs.
$3.18 est. ✅
◆ Revenue:
$1.79B vs.
$1.61B est. ✅
◆ Net Income:
$574.1M (-10.8% YoY)
◆ Real Estate FFO:
$1.249B (+8.2% YoY)
◆ Domestic Property NOI Growth: 8.5%
◆ Occupancy Rate: 96.0% (+0.0% YoY)
Segment Performance:
◆ Lease Income:
$1.660B (+20.3% YoY)
◆ Mgmt Fees & Other:
$0.041B (+7.7% YoY)
◆ Other Income:
$0.090B (+11.1% YoY)
Key Metrics:
◆ Retailer sales per sq ft rose 13.9% YoY to
$838 for trailing 12 months ended June 30, 2026.
◆ Base minimum rent per sq ft increased 6.3% YoY to
$62.42 at June 30, 2026.
◆ Q3 2026 common dividend declared at
$2.25/share, up
$0.10 or 4.7% YoY.
Forward Guidance:
◆ FY2026 Real Estate FFO per diluted share raised to
$13.20–
$13.30 (midpoint increase of
$0.08 vs. prior guidance of
$13.10–
$13.25).
◆ FY2026 estimated net income attributable to common stockholders per diluted share:
$6.47–
$7.47 (prior:
$6.61–
$6.76).
