Simon Property Group Authorizes New $2 Billion Buyback

Simon Property ( (SPG) ) has issued an update.

On February 5, 2026, Simon Property Group’s board authorized a new common stock repurchase program allowing the company to buy back up to $2.0 billion of its common shares through February 29, 2028, via open-market purchases or privately negotiated deals, at its discretion and subject to market conditions and legal requirements. The new authorization replaces a prior $2.0 billion program that had been set to expire on February 15, 2026, with about $1.7 billion still unused, signaling continued emphasis on capital return and balance-sheet flexibility but without committing the company to any specific repurchase volume or timing.

The most recent analyst rating on (SPG) stock is a Hold with a $189.00 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.

The score is driven primarily by strong profitability and cash flow with steady growth, tempered by meaningful leverage risk. Technicals are supportive with price above key moving averages and positive momentum. Valuation is mixed—an attractive 4.47% yield offsets a higher 26.31 P/E—while the latest earnings call reinforced solid operating trends and guidance but highlighted interest-cost and tenant-risk headwinds.

To see Spark’s full report on SPG stock, click here.

More about Simon Property

Simon Property Group is a real estate investment trust and S&P 100 company that owns and operates premier shopping, dining, entertainment and mixed-use destinations across North America, Europe and Asia, providing community gathering places that generate billions of dollars in annual retail sales.

Average Trading Volume: 1,443,468

Technical Sentiment Signal: Buy

Current Market Cap: $63.85B

Learn more about SPG stock on TipRanks’ Stock Analysis page.