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An announcement from Simon Property ( (SPG) ) is now available.
On February 2, 2026, Simon Property Group reported strong fourth-quarter and full-year 2025 results, highlighted by record Real Estate Funds From Operations (Real Estate FFO) of $4.8 billion and a sharp rise in net income attributable to common stockholders to $4.6 billion, or $14.17 per diluted share, from $2.4 billion in 2024. Fourth-quarter net income surged to $3.0 billion, largely driven by a $2.89 billion non-cash gain tied to the acquisition of the remaining interest in Taubman Realty Group, while full-year Real Estate FFO per share rose 4.0% and domestic and portfolio Net Operating Income increased 4.4% and 4.7%, respectively. Operational metrics across U.S. malls and Premium Outlets remained robust, with year-end 2025 occupancy essentially stable at 96.4%, base minimum rent per square foot up 4.7% to $60.97, and retailer sales per square foot climbing 8.1% to $799, underscoring continued tenant demand and pricing power. The company executed over 17 million square feet of leases, opened a new Premium Outlet in Indonesia, completed 23 major redevelopment projects, and acquired $2 billion of high-quality retail properties, reinforcing its scale and positioning in the retail real estate sector. Simon was active in capital markets, issuing $1.5 billion in senior notes and completing about $7.0 billion in secured loans, ending 2025 with approximately $9.1 billion of liquidity, and subsequently refinancing $800 million of maturing notes, steps that support balance sheet flexibility and funding capacity for ongoing investment. Reflecting confidence in its cash flow profile, the board raised the quarterly common dividend for the first quarter of 2026 by 4.8% year over year to $2.20 per share, signaling continued emphasis on returning capital to shareholders alongside disciplined, value-focused growth initiatives.
The most recent analyst rating on (SPG) stock is a Buy with a $205.00 price target. To see the full list of analyst forecasts on Simon Property stock, see the SPG Stock Forecast page.
Spark’s Take on SPG Stock
According to Spark, TipRanks’ AI Analyst, SPG is a Outperform.
Simon Property Group’s strong earnings call performance and robust financial metrics are key strengths, driving a positive outlook. However, high leverage and technical indicators suggest caution. The stock’s moderate valuation and attractive dividend yield provide a balanced investment opportunity.
To see Spark’s full report on SPG stock, click here.
More about Simon Property
Simon Property Group is a U.S.-based real estate investment trust (REIT) that owns and operates premier shopping, dining, entertainment and mixed-use destinations, with a portfolio centered on U.S. malls and Premium Outlets. The company generates income primarily from leasing retail space, managing high-traffic retail properties, and engaging in redevelopment and selective acquisitions of high-quality retail assets in domestic and international markets.
Average Trading Volume: 1,439,213
Technical Sentiment Signal: Buy
Current Market Cap: $62.46B
See more insights into SPG stock on TipRanks’ Stock Analysis page.