Simon Property Group (NYSE:SPG) Updates FY 2026 Earnings Guidance

Key Points

• Simon Property Group guided for FY 2026 EPS of $13.20–$13.30, broadly in line with the analyst consensus estimate of $13.21; no revenue guidance was provided.
• The REIT’s latest quarter beat expectations, reporting $1.48 EPS versus $1.46 expected and $1.76 billion in revenue, up 19.3% year over year.
• Shares fell 1.3% to $220.10, while analysts maintained an overall “Hold” rating with an average price target of $216.14; insiders have purchased $533,056 worth of shares over the past 90 days.

Simon Property Group (NYSE:SPG - Get Free Report) updated its FY 2026 earnings guidance on Monday morning. The company provided earnings per share guidance of 13.200-13.300 for the period, compared to the consensus estimate of 13.210. The company issued revenue guidance of -.

Simon Property Group Trading Down 1.3%

NYSE SPG traded down $2.81 during trading hours on Monday, hitting $220.10. 1,227,990 shares of the company were exchanged, compared to its average volume of 1,729,853. The stock has a 50-day moving average price of $220.80 and a 200 day moving average price of $204.84. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group has a 52 week low of $163.29 and a 52 week high of $238.50. The stock has a market cap of $71.38 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 2.88 and a beta of 1.30.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company's revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the company earned $2.95 EPS. Analysts forecast that Simon Property Group will post 13.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SPG. JPMorgan Chase & Co. raised their price target on Simon Property Group from $210.00 to $217.00 and gave the stock a "neutral" rating in a research report on Monday, June 1st. Weiss Ratings upgraded shares of Simon Property Group from a "buy (b)" rating to a "buy (b+)" rating in a research report on Tuesday, July 14th. Scotiabank raised their target price on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a "sector perform" rating in a report on Thursday, June 18th. Citigroup lifted their price target on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a "neutral" rating in a research note on Thursday, May 14th. Finally, Stifel Nicolaus upped their price target on shares of Simon Property Group from $185.00 to $194.00 and gave the company a "hold" rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $216.14.

Insider Buying and Selling

In related news, Director Daniel C. Smith bought 372 shares of the stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of $223.31 per share, with a total value of $83,071.32. Following the completion of the purchase, the director owned 34,480 shares of the company's stock, valued at $7,699,728.80. This trade represents a 1.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary M. Rodkin purchased 256 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of $223.34 per share, for a total transaction of $57,175.04. Following the purchase, the director directly owned 21,016 shares in the company, valued at $4,693,713.44. This trade represents a 1.23% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 2,387 shares of company stock worth $533,056 over the last ninety days. Corporate insiders own 8.73% of the company's stock.

Hedge Funds Weigh In On Simon Property Group

A number of institutional investors have recently modified their holdings of SPG. Wellington Management Group LLP increased its holdings in Simon Property Group by 7.7% in the 4th quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust's stock worth $1,469,748,000 after buying an additional 569,772 shares during the period. AQR Capital Management LLC lifted its stake in Simon Property Group by 93.2% during the 3rd quarter. AQR Capital Management LLC now owns 680,102 shares of the real estate investment trust's stock valued at $126,336,000 after acquiring an additional 328,116 shares during the period. State Street Corp lifted its stake in Simon Property Group by 1.5% during the 3rd quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust's stock valued at $4,084,730,000 after acquiring an additional 312,995 shares during the period. Marshall Wace LLP purchased a new stake in shares of Simon Property Group in the 4th quarter valued at $55,923,000. Finally, Toronto Dominion Bank boosted its holdings in shares of Simon Property Group by 112.0% in the 4th quarter. Toronto Dominion Bank now owns 416,872 shares of the real estate investment trust's stock valued at $77,167,000 after acquiring an additional 220,203 shares during the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Company Profile

Simon Property Group, Inc NYSE: SPG is a publicly traded real estate investment trust (REIT) that owns, develops and manages retail real estate properties. Its core business activities include acquisition, development, leasing and property management of regional malls, outlet centers and mixed‑use retail destinations. The company operates retail brands that include high‑profile regional shopping centers and the Premium Outlets platform, and it provides services such as tenant leasing, marketing, property operations and capital projects to optimize asset performance.

Simon's portfolio spans a broad mix of enclosed malls, open‑air centers, outlet properties and mixed‑use developments, and the company pursues redevelopment and repositioning to adapt properties to changing consumer and retail trends.

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