Simon raises 2026 real estate FFO guidance to $13.30-$13.40 per share as it targets Q4 close of University Village deal (NYSE:SPG)

Simon Property Group reported 6.1% year-over-year rent growth and 96.5% occupancy in Q3. New leases saw 17% rent growth, with strong demand from athleisure, luxury, and restaurant tenants. The company raised its full-year earnings guidance by 10 cents per share, and its stock price rose 1% post-earnings. According to the company, retailers are optimistic about the holiday season.

Simon Property Group reported Q3 revenue of $1.8B, up 13.3% YoY, with record occupancy at 96.5%. The REIT raised its full-year FFO outlook to $13.30-$13.40 per share. Net income declined 20% YoY due to higher interest expenses and investment losses, but real estate FFO rose 4.7%. The company announced acquisitions and developments, including University Village in Seattle.

Simon Property reported Q3 Real Estate FFO up 4.7% to $1.277B, raising 2026 guidance to $13.30-$13.40 per share. Occupancy hit 96.5%, base rent rose 6.1%, and retailer sales climbed 14.8%. Net income fell to $1.54 per share due to non-cash losses, while the dividend increased 4.5% to $2.30.

Simon Property Group (SPG) reported Q3 2026 FFO of $3.37 per share, beating estimates by 1.5% and up 4.7% YoY. Revenues rose 13.3% to $1.81B, driven by leasing momentum and higher rents. Occupancy at U.S. Malls and Premium Outlets reached 96.5%. SPG raised its 2026 FFO guidance to $13.30-$13.40 per share and increased its quarterly dividend by 4.5%.

Simon Property Group (SPG) announced the acquisition of University Village in Seattle, expanding its presence in the area. The company reported Q3 2026 earnings, with FFO of $1.28 billion, up 4.7% year-over-year. Leasing activity was strong, with 4.3 million sq ft signed, and rents increased 17% year-over-year. The company raised its full-year FFO guidance to $13.30-$13.40 per share. SPG also issued $800 million in senior notes and repurchased 1.1 million shares during the quarter.

Simon Property Group (SPG) reported Q3 2026 earnings with record occupancy at 96.5% and comparable sales growth of 4.9%. CEO Eli Simon highlighted strong leasing demand, broad-based growth, and a focus on high-quality acquisitions. The company expects $0.30 in interest expense headwinds and plans to continue share buybacks, with 450,000 shares remaining from the Taubman deal. Development projects are backed by signed leases and offer a 9% return.