Simon Property Group (NYSE:SPG) Announces FY 2026 Earnings Guidance

Simon Property Group (NYSE:SPG) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 13.300-13.400 for the period, compared to the consensus earnings per share estimate of 13.240.

Simon Property Group Stock Down 0.7%

Shares of SPG stock traded down $1.50 on Thursday, hitting $227.00. The stock had a trading volume of 1,355,595 shares, compared to its average volume of 1,594,897. Simon Property Group has a 12-month low of $177.88 and a 12-month high of $238.50. The business has a 50 day moving average of $207.49 and a 200 day moving average of $206.33. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $73.45 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 3.42 and a beta of 1.27.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.15). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The business’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, analysts expect that Simon Property Group will post 13.24 EPS for the current year.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Wednesday, September 9th. Simon Property Group’s payout ratio is presently 63.47%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SPG. Weiss Ratings lowered shares of Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. UBS Group lowered their price target on shares of Simon Property Group from $222.00 to $205.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. Jefferies Financial Group dropped their price objective on Simon Property Group from $278.00 to $252.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Evercore increased their price objective on Simon Property Group from $213.00 to $216.00 in a report on Wednesday, October 28th. Finally, LADENBURG THALM/SH SH raised their target price on Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Nine research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $228.67.

Insider Buying and Selling

In related news, Director Daniel C. Smith bought 350 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was acquired at an average price of $202.78 per share, for a total transaction of $70,973.00. Following the purchase, the director directly owned 34,830 shares in the company, valued at $7,062,827.40. This trade represents a 1.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reuben S. Leibowitz purchased 480 shares of Simon Property Group stock in a transaction dated Wednesday, September 30th. The shares were purchased at an average price of $202.78 per share, with a total value of $97,334.40. Following the completion of the transaction, the director directly owned 56,277 shares in the company, valued at approximately $11,411,850.06. This represents a 0.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 1,668 shares of company stock valued at $338,237 in the last 90 days. Corporate insiders own 8.73% of the company’s stock.

Simon Property Group Company Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.