SPG Q3 FFO Tops Estimates on Leasing Strength, Outlook Raised

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) raised its 2026 real estate FFO guidance to $13.30-$13.40 per share, targeting Q4 close of University Village deal. Q3 2026 saw 6.6% domestic property NOI growth and 4.7% real estate FFO per share growth year-over-year, according to CEO Eli Simon.

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.