Simon Property Group stock edges higher after Q2 guidance lift
Published on 08/18/2026 at 17:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Simon Property Group (US8288061091) stock opened at $221.16 on August 18, 2026, after the company posted second-quarter 2026 real estate FFO of $3.29 per share and raised full-year guidance to $13.20 to $13.30 per share.
The latest update also showed $1.79 billion in quarterly revenue, a 19.5% increase from a year earlier, while quarterly EPS of $1.49 came in below the $1.64 consensus estimate.
Leasing stays firm
Occupancy in the malls and premium outlets portfolio held at 96.0% in the second quarter, while The Mills reached 98.8% and average base minimum rent rose 6.3% year over year to $62.42 per square foot.
Leasing activity also stayed busy: Simon signed more than 1,200 leases covering over 4.8 million square feet, and new deals increased more than 20% from the prior year.
Traffic and sales help
Retailer sales at malls and premium outlets reached $838 per square foot, up 13.9% from a year earlier, and comparable sales growth came in at 5.7% for the quarter.
Management also said total sales volume rose 6.6% over the trailing 12 months, while traffic increased 2.0% in the quarter and 3.6% in July, giving the guidance story a firmer base.
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Development adds another layer
The development pipeline carried $1.07 billion of projects underway at a blended 9% expected yield, with more than $600 million of additional net cost planned to start in the second half of 2026.
That is why the margin picture matters as much as occupancy: Simon also said the portfolio absorbed about 1 million square feet of bankruptcy-related space and still kept mall and outlet occupancy flat year over year at 96.0%.
Simon Media Network
The company said it plans to launch Simon Media Network in the coming weeks, building on more than 4,000 screens and its first-party shopper data base.
That effort adds a new monetization angle beyond rent, and management said the business is already growing at double-digit, mid-teens percentages year over year.
Stock and valuation
Simon Property Group's market capitalization stood at $71.72 billion, the one-year range was $172.09 to $238.50, and the consensus price target was $222.87 on August 18, 2026.
At $221.16, the shares traded just below that average target and close to the recent 50-day moving average of $222.58.
Fact box
Company: Simon Property Group, Inc.
ISIN: US8288061091
Ticker: SPG
Exchange: NYSE
Price (as of August 18, 2026, 10:40 a.m. ET): $221.16 USD
Market cap: $71.72 billion (as of August 18, 2026)
Sector / Industry: Real Estate / Retail REITs
Index membership: S&P 500
Next earnings date: September 30, 2026
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Simon Property Group, Inc. is a retail REIT that owns and operates malls, Premium Outlets and mixed-use properties across the United States and internationally.
