Feb. 2 at 9:10 PM
$SPG Earnings - Q4/2025
Revenue:
$1.79B ✅ vs.
$1.49B est.
EPS:
$9.35 ✅ vs.
$1.92 est.
Simon reports 2025 results with record Real Estate Funds From Operations of
$4.8B and
$3.5B returned to shareholders; highlights include leasing over 17 million square feet, opening a Premium Outlet in Indonesia, 23 redevelopments and
$2B of high-quality retail property acquisitions. Capital markets activity and liquidity were robust:
$1.5B two-tranche senior notes, about
$7B in secured loans, and roughly
$9.1B of liquidity at year-end; post-year-end, an
$800M senior notes offering was used to repay maturing debt. Dividends and 2026 outlook: quarterly common dividend raised to
$2.20 per share for Q1 2026; Series J preferred dividend remains
$1.046875 per share; 2026 guidance is provided as ranges for net income per diluted share and Real Estate FFO per diluted share.