Simon Property Group's shares have fallen 3.5% since its last earnings report, underperforming the S&P 500, but the company posted strong second-quarter results and raised its full-year outlook. For the quarter ended June 2026, Simon reported Real Estate FFO of $3.29 per share, beating the Zacks Consensus Estimate of $3.18 and up 7.9% year over year, while total revenues of $1.79 billion surpassed expectations and rose 19.5%. The company raised its 2026 Real Estate FFO per share guidance to $13.20-$13.30 from $13.10-$13.25, citing broad-based leasing demand, higher traffic, and retailer sales growth. Domestic property NOI increased 8.5% to $1.51 billion, and portfolio NOI rose 8.3% to $1.60 billion, with U.S. Malls and Premium Outlets occupancy steady at 96%. Simon also maintained ample liquidity of approximately $9.3 billion, including $1.7 billion in cash and $7.6 billion in credit facility capacity, and completed several financing transactions during the quarter.
Simon Property Group IncQ2 FFO beat and raised full-year guidance
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