Financial Performance
5Y price score: 88
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: 36.7%
US$ Per
Share
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170.4
52-week range
238.5
Your model inputs
Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
4.5 %
Dividend Yield TTM
4 %
Market cap $
$ 71,819
Price / Earnings TTM
15.7
Price / Book TTM
16.2
PEG TTM
0.2
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
33.3 %
93.3 %
36.7 %
Free cash flow per share growth
16.6 %
83.2 %
69.2 %
Earnings per share growth
94.8 %
293.9 %
140.5 %
Founded: 2,003
Employees: 3,600
Business Summary:
Latest Earnings Call Takeaways
2026 Q2 (Aug 10, 2026)
1) Strong Financial Performance
- Domestic property NOI grew 8.5% YoY, while real estate FFO increased 7.9% to $1.25 billion or $3.29 per share.
- Year-to-date initial base minimum rent per square foot on new leases rose 17% YoY, with tenant allowances down 12%.
- Malls and Premium Outlets reported sales of $838 per square foot, up 13.9%, with total sales volume increasing 6.6% over the trailing 12 months.
- The company declared a dividend of $2.25 per share for Q3, a 4.7% increase YoY.
2) Leasing and Tenant Demand
- Over 1,200 leases were signed in Q2, totaling 4.8 million square feet, with new deals up more than 20% YoY.
- Malls and Premium Outlets occupancy remained stable at 96%, absorbing 1 million square feet of space returned from bankruptcies.
- The company is focused on retenanting lower-performing spaces with new, higher-paying tenants, with recent deals indicating a shift from $18 million in rent to potential new rents of $44 million.
3) Development Pipeline and Enhancements
- Development projects underway total $1.07 billion, with a blended yield of 9%. An additional $600 million in projects is expected to start in H2 2026.
- Over $400 million has been committed to center enhancements, improving customer experience and retailer satisfaction.
- The development pipeline remains robust with over $4 billion in projects aimed at long-term growth in cash flow and FFO.
4) Market Trends and Retailer Insights
- Retailer demand is broad-based, with significant interest from emerging brands in sectors like technology, athleisure, and beauty.
- The company is seeing strong performance in jewelry and luxury sectors, with a focus on both high-end and affordable price points.
- Despite some softness in restaurant sales, overall traffic and sales trends remain positive, with expectations for continued growth into the holiday season.
5) Guidance and Future Outlook
- The company raised its full-year 2026 real estate FFO guidance to a range of $13.20 to $13.30 per share, up from $12.73 last year.
- There is a focus on managing interest expenses and maintaining a robust balance sheet, with approximately $9.3 billion in liquidity.
- The transcript lacks specific details on the impact of AI adoption on operations and retailer partnerships, which could be a significant future growth area.
Bottom line: Simon Property Group is demonstrating strong financial and operational results, driven by robust leasing activity and a solid development pipeline. The outlook remains positive with increased guidance for FFO, although future performance will depend on maintaining sales momentum and effective tenant management.
Annual Reports, Presentations And IR Contacts
Go to the websiteSimon Property Group — Financial Overview, Stock Price, Market Cap
Simon Property Group is a company. Founded in 2003. As of August 14, 2026, the company's market capitalization is $71818734540 with a current stock price of $221.47.