Simon Property Group stock reports 19.5 percent revenue growth

Simon Property Group (ISIN unavailable) stood at USD 204.16 on the NYSE on September 23, 2026, down 0.87 percent and 14.4 percent below its 52-week high of USD 238.50. The retail REIT's second-quarter figures combine 19.5 percent revenue growth with a lower reported earnings comparison.

Revenue rises in Q2 2026

According to the Q2 2026 release carried by Trivano, Simon reported USD 1.79 billion in revenue for the quarter ended June 30, 2026, compared with USD 1.50 billion in the prior-year period. The 19.5 percent increase was driven by higher lease income and other revenue.

Net income attributable to common stockholders was USD 483.1 million, or USD 1.49 per diluted share, versus USD 556.1 million, or USD 1.70 per share, in the second quarter of 2025. The prior-year period included a non-cash investment gain, making the earnings comparison less favorable than the revenue trend.

FFO guidance moves higher

Real Estate FFO reached USD 1.249 billion, or USD 3.29 per diluted share, up 7.9 percent from USD 3.05 per share a year earlier. The company raised its full-year 2026 Real Estate FFO guidance to USD 13.20 to USD 13.30 per share from USD 13.10 to USD 13.25.

The Q2 earnings call transcript published by The Globe and Mail showed occupancy at 96.0 percent for malls and Premium Outlets, while retailer sales reached USD 838 per square foot, up 13.9 percent year over year. Average base minimum rent rose 6.3 percent to USD 62.42 per square foot.

Stock sits below yearly high

Simon Property Group stock was trading at USD 204.16 on the NYSE on September 23, 2026, with a market capitalization of USD 66,205,413,120. Its 52-week range was USD 172.19 to USD 238.50, placing the latest quote 14.4 percent below the upper end.

The company also declared a quarterly common-stock dividend of USD 2.25 per share, payable September 30, 2026. The annualized dividend is USD 9.00 per share, while the higher FFO guidance gives the payout policy additional operating support.