SIMON PROPERTY GROUP INC. (SPG) Form 8-K — Aug 10, 2026
Simon Property Group reported Q2 2026 results on August 10, 2026, with Real Estate FFO of $1.249 billion, or $3.29 per diluted share, up 7.9% from $3.05 a year ago. Net income attributable to common stockholders was $483.1 million, or $1.49 per diluted share, versus $556.1 million, or $1.70, in the prior-year quarter, which had included a $0.21 per share non-cash after-tax investment gain. Operations were strong across the board: occupancy held at 96.0%, base minimum rent rose 6.3% to $62.42 per square foot, trailing-twelve-month retailer sales reached $838 per square foot (up 13.9%), and domestic property NOI grew 8.5% with portfolio NOI up 8.3% year-over-year.
Key figures
- Eps
- 1.49
- Revenue
- 1790598000
- Guidance
- FY2026 Real Estate FFO per diluted share raised to $13.20-$13.30 (from $13.10-$13.25, +$0.08 at midpoint); estimated net income per diluted share $6.47-$7.47 (from $6.61-$6.76)
- Net Income
- 483139000
- Total Debt
- 28699607000
- Revenue Yoy
- +19.5% (Q2 total revenue $1,790,598K vs $1,498,459K stated prior-year)
- Total Assets
- 39709266000
- Cash Position
- $1.7 billion including share of JV cash ($1,019,091K consolidated cash and equivalents)
- Shares Outstanding
- 323559515
- Ffo
- $1.185 billion, or $3.12 per diluted share (vs $3.15 prior year, -1.0%)
- Occupancy
- 96.0% at June 30, 2026 (unchanged YoY)
- Term loan
- $460 million 5-year term loan at SOFR +0.70%
- Euro notes
- EUR 500 million, 3.65% coupon, 5-year term
- Q2 buybacks
- $211.4 million total: 793,077 shares and 237,618 LP units at $205.10 average
- Real estate ffo
- $1.249 billion, or $3.29 per diluted share, +7.9% YoY
- Total liquidity
- ~$9.3 billion ($1.7B cash + $7.6B net revolver capacity under $8.5B total facilities)
- Q2 secured loans
- 8 transactions totaling ~$1.4 billion at 5.36% weighted average rate
- Retailer sales psf
- $838 trailing 12 months, +13.9% YoY
- Portfolio noi growth
- 8.3% (Q2)
- Base minimum rent psf
- $62.42, +6.3% YoY
- Dividend increase yoy
- 4.7% (+$0.10)
- Total equity market cap
- $84.9 billion at June 30, 2026
- Domestic property noi growth
- 8.5% (Q2)
- Quarterly dividend per share
- 2.25
Price after filing
Close on the filing date to close N calendar days later (from $222.91). Historical, not a forecast.
AI analysis
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