Robust Q2 Results

Simon Property Group (SPG) reported robust second‑quarter 2026 results, with Real Estate Funds From Operations (FFO) of $3.29 per share, surpassing the Zacks Consensus Estimate of $3.18 by 3.46% and up 7.9% year over year. Total revenues reached $1.79 billion, beating the consensus of $1.71 billion by 4.49% and rising 19.5% from the prior year‑ago quarter. Lease income climbed 20.3% to $1.66 billion, while management fees and other revenues increased 7.7% to $40.8 million. Base minimum rent per square foot for U.S. malls and premium outlets rose 6.3% to $62.42. Domestic property net operating income (NOI) grew 8.5% to $1.51 billion. Liquidity stood at roughly $9.3 billion. SPG raised its full‑year 2026 FFO per share guidance to $13.20–$13.30 from $13.10–$13.25.