Earnings Releases·Nov 5, 2026, 4:08 PM ET

Simon Property Group — Third Quarter 2026 Earnings Summary

Net income attributable to common stockholders declined to $499.0 million ($1.54/share) for the quarter from $606.2 million ($1.86/share) in the prior year, while Real Estate FFO rose 4.7% to $1.277 billion ($3.37/share) from $1.215 billion ($3.22/share).
The Company increased its full-year 2026 Real Estate FFO per diluted share guidance to $13.30–$13.40 (up $0.10), though estimated net income per share guidance was lowered to $6.32–$6.42 from $6.47–$6.57.
Operational momentum continued with domestic property NOI up 6.6% for the quarter and 7.3% for nine months, driven by a 6.1% increase in base minimum rent per square foot and 14.8% growth in retailer sales per square foot.
Capital allocation included a 4.5% increase in the quarterly common stock dividend to $2.30, $236.5 million in common stock repurchases, and the completion of $800 million in senior notes and $970 million in secured loans.