The earnings call reflected strong financial performance and strategic acquisitions, particularly the Brickell City Centre. However, challenges remain with retailer bankruptcies and economic uncertainties that require cautious optimism moving forward.

Company Guidance -

Q3 2025

During the Simon Property Group's second-quarter 2025 earnings call, the company provided guidance indicating an increase in their full-year 2025 real estate funds from operations (FFO) guidance range to $12.45 to $12.65 per share, up from $12.24 last year. This represents an increase of $0.05 at the lower end of the range and $0.03 at the midpoint. The second quarter saw a FFO of $3.05 per share, marking a 4.1% increase from the previous year. Additionally, Simon Property reported a 4.2% increase in domestic property net operating income (NOI) for the quarter and 3.8% for the first half of the year. Portfolio NOI, inclusive of international properties at constant currency, grew by 4.7% for the quarter. Occupancy at Malls and Premium Outlets reached 96.0%, with The Mills achieving a record 99.3% occupancy. The company also announced a dividend increase to $2.15 per share for the third quarter, representing a 4.9% year-over-year increase.

Strong Financial Performance

Real estate FFO was $3.05 per share, a 4.1% growth from the prior year. Second quarter funds from operation were $1.19 billion or $3.15 per share, marking an 8.6% growth compared to last year.

Occupancy and Leasing Success

The Malls and Premium Outlets ended the second quarter with 96.0% occupancy, while The Mills achieved a record 99.3% occupancy. Approximately 1,000 leases for more than 3.6 million square feet were signed in the quarter.

Dividend Increase

The company announced a dividend of $2.15 per share for the third quarter, a year-over-year increase of $0.10 or 4.9%.

Acquisition of Brickell City Centre

Simon Property Group acquired their partner's interest in Brickell City Centre for $512 million, seeing it as a long-term investment with growth potential.

Simon Property (SPG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SPG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2025 (Q3)	1.61 / -	1.46	―	―	―
Aug 04, 2025	2025 (Q2)	1.54 / 1.70	1.51	12.58% (+0.19)
May 12, 2025	2025 (Q1)	1.36 / 1.27	2.25	-43.56% (-0.98)	―
Feb 04, 2025	2024 (Q4)	1.82 / 2.04	2.29	-10.92% (-0.25)	―
Nov 01, 2024	2024 (Q3)	1.49 / 1.46	1.82	-19.78% (-0.36)	―
Aug 05, 2024	2024 (Q2)	1.45 / 1.51	1.49	1.34% (+0.02)	―
May 06, 2024	2024 (Q1)	1.36 / 2.25	1.38	63.04% (+0.87)	―
Feb 05, 2024	2023 (Q4)	1.88 / 2.29	2.06	11.17% (+0.23)	―
Oct 30, 2023	2023 (Q3)	1.51 / 1.82	1.65	10.30% (+0.17)	―
Aug 02, 2023	2023 (Q2)	1.50 / 1.49	1.322	12.71% (+0.17)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SPG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$163.94	$169.31	+3.28%
May 12, 2025	$169.22	$158.80	-6.16%
Feb 04, 2025	$169.00	$174.62	+3.33%
Nov 01, 2024	$163.00	$161.63	-0.84%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Simon Property (SPG) report earnings?

Simon Property (SPG) is schdueled to report earning on Nov 03, 2025, Before Open (Confirmed).

What is Simon Property (SPG) earnings time?

Simon Property (SPG) earnings time is at Nov 03, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SPG EPS forecast?

SPG EPS forecast for the fiscal quarter 2025 (Q3) is 1.62.

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