Simon Property Group stock steadies after Q2 revenue beat
Published on 08/22/2026 at 09:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Simon Property Group (US8288061091) is trading near recent highs after the June quarter brought $1.79 billion of revenue and $1.49 in diluted EPS, even as EPS missed the $1.64 consensus estimate. The company also lifted full-year 2026 Real Estate FFO guidance to $13.20 to $13.30 per share, a 6.4 percent midpoint increase versus the earlier $13.12 midpoint.
June quarter numbers
Simon said on August 10, 2026 that Real Estate FFO reached $1.249 billion, or $3.29 per diluted share, up 7.9 percent from $3.05 a year earlier. For the first half of 2026, Real Estate FFO rose to $2.457 billion, or $6.46 per share, from $2.268 billion, or $6.01 per share in the prior-year period.
Operating trends also stayed firm. Occupancy at June 30, 2026 was 96.0 percent, base minimum rent per square foot rose to $62.42 from $58.70, and reported retailer sales per square foot climbed to $838 from $736, a 13.9 percent increase.
Guidance and valuation
The latest guidance update matters because it shows management leaning on improved cash generation even after the quarterly EPS miss. Simon also said domestic property NOI increased 8.5 percent and portfolio NOI rose 8.3 percent in the second quarter, while total revenue for the first half reached $3.548 billion, up from $2.968 billion a year earlier.
Market snapshots on August 21 and August 22, 2026 put the stock at $218.52 to $220.61, with a market cap around $70.70 billion to $71.29 billion, a 12-month range of $172.19 to $238.50, and a consensus target of $223.00. That leaves the shares trading close to the top of their recent range, with the current price still below the 52-week high by $17.89.
Retail mix
Simon Property Group owns premier shopping, dining, entertainment and mixed-use destinations, and its latest filing highlighted continued leasing demand, stronger traffic, and higher retailer sales. The retail backdrop matters here because the quarter's results leaned on that combination rather than on financial engineering.
Price check
Simon Property Group stock last closed at $220.61 on August 18, 2026, and the market cap was listed at $70.70 billion on August 22, 2026.
Fact box
Company: Simon Property Group, Inc.
ISIN: US8288061091
Ticker: SPG
Exchange: NYSE
Price (as of August 18, 2026, 4:00 p.m. ET): $220.61 USD
Market cap: $70.70 billion (as of August 22, 2026)
Sector / Industry: Real Estate / Retail REITs
Index membership: S&P 500
Next earnings date: November 2, 2026
