In a report released today, Caitlin Burrows from Goldman Sachs maintained a Buy rating on Simon Property, with a price target of $225.00.
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Caitlin Burrows has given his Buy rating due to a combination of factors that highlight Simon Property Group’s resilient operating performance and improving outlook. The company delivered solid year-over-year FFO growth, modestly exceeding broader consensus, with stronger contributions from management and mixed-use operations offsetting higher G&A tied to stock-based compensation, which Burrows views as a manageable headwind.
Burrows also emphasizes management’s decision to raise the low end of full-year FFO guidance, signaling confidence in sustained strength in leasing, rent growth, and occupancy gains across the portfolio. Robust retailer demand, healthy same-store trends, and the incremental benefits from the Taubman Realty Group consolidation support ongoing NOI expansion, leading Burrows to expect the stock to modestly outperform REIT peers and thereby justify a Buy rating.
In another report released today, Piper Sandler also reiterated a Buy rating on the stock with a $230.00 price target.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SPG in relation to earlier this year.