Simon Property Group (SPG) Q2 2026 Earnings
How Did SPG Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: −0.81%.
Did SPG Beat Earnings? Q2 2026 Results
Yes. Simon Property Group reported Q2 2026 earnings of $3.29 a share on Aug 10, 2026, beating the $1.57 consensus estimate by 109.5%. Revenue was $1.8B against a $1.6B estimate.
Simon Property Group posted a standout second quarter for fiscal 2026, with adjusted diluted FFO per share of $3.29 beating the $1.57 consensus estimate by more than 109%, while revenue of $1.79 billion topped expectations by 11% and climbed 19.5% from a year ago, fueled in large part by the October 2025 acquisition of Taubman Realty Group alongside broad-based leasing strength and accelerating retailer traffic. U.S. Malls and Premium Outlets occupancy held firm at 96.0%, base minimum rent per square foot grew 6.3% to $62.42, and retailer sales per square foot for the trailing twelve months surged to $838, underscoring the health of the company's tenant base. Domestic property NOI rose 8.5% year-over-year, reinforcing the operational momentum that helped drive the top-line beat. Looking ahead, Simon raised its full-year 2026 Real Estate FFO guidance to $13.20 to $13.30 per diluted share, a signal of continued confidence; the company also lifted its quarterly dividend 4.7% to $2.25 per share, with the stock trading in the low $220s near analyst consensus price targets.
- 7.9% year-over-year growth in Real Estate FFO per share
- Domestic property NOI growth of 8.5%
- Portfolio NOI growth of 8.3%
- Base minimum rent per square foot increased 6.3% to $62.42
- Retailer sales per square foot increased 13.9% to $838
- Broad-based leasing demand
- Accelerated traffic increases
- Contribution from acquisitions completed over the past year including TRG
“We delivered excellent financial and operational results this quarter. Real Estate FFO per share grew 7.9% year-over-year, supported by consistent broad-based leasing demand, accelerated traffic increases, strong retailer sales growth, and the contribution from acquisitions completed over the past year. Today, we are once again increasing our guidance for full-year 2026 Real Estate FFO per share.”
Simon Property Group CEO, on the earnings call
What Is Simon Property Group's Outlook?
Simon raised its full-year 2026 Real Estate FFO guidance to $13.20–$13.30 per diluted share, an increase of $0.08 at the midpoint from prior guidance of $13.10–$13.25. Estimated full-year 2026 GAAP net income per diluted share was set at $6.47–$7.47 (previously $6.61–$6.76). Estimated full-year FFO per diluted share is $12.77–$12.87.
SPG YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.8B | $1.5B | +19.5% |
| Operating Income | $824.1M | $744.2M | +10.7% |
| Net Income | $483.1M | $557.0M | −13.3% |
When Does Simon Property Group Report Next?
Figures from SEC filings and company reports. Not investment advice.