Simon Property Group Reports Record Occupancy in Q3, Raises Full-Year Outlook

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 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) 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.