Simon Property Group (SPG) · Form 8-K filed Nov 5, 2026
| Key figure | This quarter |
|---|---|
| Revenue | $1.81 billion |
| Diluted EPS (GAAP) | $1.54 |
Results
Total revenue was $1,814,556 thousand, up from $1,601,572 thousand in the same quarter a year earlier. GAAP net income attributable to common stockholders was $1.54 per diluted share, compared with $1.86 a year earlier. For the first nine months of the year, revenue was $5,362,247 thousand and GAAP diluted EPS was $4.51, against $4,573,043 thousand and $4.83 in the prior-year period.
Guidance
The company raised its outlook for full-year 2026 Real Estate FFO per diluted share to $13.30 to $13.40. That is an increase of $0.10 per diluted share from its previous outlook.
What else stood out
Occupancy at September 30, 2026 was 96.5%, compared with 96.4% a year earlier. Base minimum rent per square foot was $62.75, up 6.1% from $59.14. The board declared a quarterly common stock dividend of $2.30 for the fourth quarter of 2026. The company repurchased 1,137,182 common shares at an average price of $207.98 per share, for a total of $236.5 million. Revenue has risen each quarter of 2026, from $1,757,093 thousand in the first quarter to $1,790,598 thousand in the second and $1,814,556 thousand in the third. GAAP diluted EPS was $1.48, $1.49 and $1.54 over those same quarters.
