Simon Property Lifts 2026 FFO Guidance After 7.9% Q2 Growth, Hikes Dividend
SPG sits 35% above its 52-week low of $163.29.
Summary
Simon Property Group reported Q2 Real Estate FFO of $3.29 per share, up 7.9% year-over-year, driven by strong leasing demand and a 13.9% jump in retailer sales per square foot. The company raised its full-year 2026 Real Estate FFO guidance to $13.20-$13.30, a $0.08 increase at the midpoint, and also raised its annual net income forecast on rising rent. A 4.7% dividend hike to $2.25 per share and $211 million in stock buybacks underscore management's commitment to returning capital. Liquidity remains robust at $9.3 billion, supported by recent debt refinancings. The results and guidance raise reinforce the premium mall operator's recovery narrative amid a resilient consumer.
At the time of this announcement, SPG was trading at $220.01 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $71.5B. The 52-week trading range was $163.29 to $238.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.