Simon Property Group is executing a growth-by-acquisition strategy that has accelerated revenue and FFO growth, with revenue up 19.5% YoY and FFO per share up 17.3% in 2026Q2. The company's NOI margin remains robust at 81.2%, and AFFO coverage of dividends has strengthened to 1.16x.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 19.5% YoY in 2026Q2, with NOI margin at 81.2% and FFO per share up 17.3% to $2.85, reflecting strong operational performance and accretive acquisitions.
Revenue rose 6.72% YoY to $6.36B, while earnings surged 95.32% to $4.62B. Lease income also grew 8.3%, and FFO per share has shown long‑term compounding growth post‑COVID.
SPG acquired the remaining 12% of The Taubman Realty Group in 2025, added luxury outlets in Italy, and opened premium outlets in Indonesia and the U.S., broadening its international footprint and diversifying property types.
U.S. mall and outlet occupancy hit 96.4% by end‑2025. Over 4,600 leases signed in FY2025 covered more than 17 million sq ft, signaling strong tenant demand and rent‑growth potential.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $1.54-8.9% vs $1.69 | $1.7B+3.0% vs $1.6B |
Q3 2026 Aug 10, 2026 | $1.49-9.1% vs $1.64 | $1.7B+3.0% vs $1.6B |
Q2 2026 May 11, 2026 | $1.48+1.4% vs $1.46 | $1.8B+13.9% vs $1.5B |
Q1 2026 Feb 2, 2026 | $9.35+392.1% vs $1.90 | $1.8B+20.0% vs $1.5B |
Simon Property Group, Inc. has outperformed the S&P 500 with a 31% total return over the past year, driven by strong execution. SPG raised FFO guidance for the third consecutive quarter and increased its dividend, reflecting robust leasing momentum and portfolio NOI growth. At 17x FFO, SPG trades above peers, with current valuation pricing in recent outperformance and presenting limited near-term upside.
Here are five REIT stocks offering generous dividends that are worth considering following their favorable Q3 results this week.
Simon Property Group beats Q3 FFO and revenue estimates as higher rents, strong retailer sales and leasing momentum drive growth, prompting an increase in 2026 guidance.
Six S&P 500 'safer' high-yield dividend stocks—Regions Financial, Ford, AT&T, Pfizer, Verizon, VICI Properties—currently offer attractive buy signals based on free cash flow yields. Analyst projections for the top ten S&P 500 dividend dogs indicate potential net gains of 14.54% to 40.07% by November 2027, with an average estimated gain of 27.42%. Dividend dog strategy favors stocks where annual dividends from $1,000 invested exceed single-share prices and free cash flow yields surpass dividend yields.
Benchmark SPG against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Simon Property Group, Inc. (SPG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $228.42 | $74.07B | 16.37 | 6.72% | 63.09% | 75.99% | 0.59% | |
| $24.84 | $7.39B | -71.34 | 10.58% | -9.74% | -3.68% | 2.95% | |
| $47.32 | $1.46B | 9.60 | 12.18% | 25.56% | 38.38% | 5.28% | |
| $59.04 | $55.05B | 39.76 | 9.07% | 23.15% | 3.4% | 5.47% | |
| $74.84 | $13.67B | 26.54 | 3.39% | 31.3% | 7.68% | 3.75% | |
| $25.52 | $17.21B | 22.82 | 5.06% | 34.06% | 7.16% | 4.15% |
Simon Property Group, Inc. (SPG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Simon Property Group, Inc. (SPG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 10, 2026·SEC
May 15, 2026·SEC
May 11, 2026·SEC
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Simon Property Group, Inc. (SPG) stock FAQ — growth, dividends, profitability & financials explained
Simon Property Group, Inc. (SPG) reported $7.15B in revenue over the trailing twelve months. Revenue was $6.36B in fiscal year 2025. That is 740% more than the $757.3M of fiscal year 1996.
Simon Property Group, Inc. (SPG) grew revenue by 16.2% over the trailing twelve months, compared with the twelve months before.
Yes. Simon Property Group, Inc. (SPG) earned $4.51B in net income over the trailing twelve months (a 63.1% net margin).
Yes. Simon Property Group, Inc. (SPG) pays a dividend that yields 0.59% at the current price, a small yield.
Simon Property Group, Inc. (SPG) had a return on equity (ROE) of 76.0% over the trailing twelve months. That is well above the market's typical 10-15%.
Simon Property Group, Inc. (SPG) generated Funds From Operations (FFO) of $6.48B in the trailing twelve months. FFO is the primary profitability metric for REITs.
