Simon Property Group Raises Full-Year Outlook After Strong Q2

The company posted net income attributable to common stockholders of $483.1 million, or $1.49 per diluted share, for the period ending June 30. While these figures trail the prior year’s $556.1 million, the 2025 results were bolstered by a non-cash gain of $0.21 per share. Operational metrics remained resilient, with domestic property Net Operating Income climbing 8.5%. Occupancy levels held steady at 96%, while base minimum rent per square foot rose 6.3% to $62.42. Retailer sales also showed momentum, reaching $838 per square foot over the trailing 12 months, a 13.9% improvement over the same period last year.

Following the performance, CEO Eli Simon announced an increase in the full-year 2026 Real Estate FFO guidance to a range of $13.20 to $13.30 per diluted share. To reward shareholders, the board declared a third-quarter dividend of $2.25 per share, marking a 4.7% increase. The company continues to actively manage its capital structure, having repurchased 793,077 shares and 237,618 limited partnership units during the quarter for a total investment of $211.4 million. As of June 30, Simon maintains a robust liquidity position of approximately $9.3 billion.