Simon Property Group

Simon Property Group reported Q2 2026 revenue of $1.79 billion, about 11.9% above expectations, while earnings per share of $1.49 missed the consensus estimate of $1.61. Domestic operating NOI rose 8.5% and portfolio NOI was up 8.3% on a currency‑adjusted basis; occupancy remained high at 96%. Real estate FFO increased 7.9% to $1.25 billion and management raised the 2026 FFO guidance to $13.20–$13.30 per share. Higher interest expenses weighed on EPS, but management sees sustained demand, strong foot traffic and an active development and refinancing pipeline. » Plus sur de.investing.com

Herb Simon filed a lawsuit alleging his nephew David Simon and family secretly restructured SFG to transfer assets into a new entity and eliminate long-standing preferred distribution rights. Plaintiffs say the reorganization, executed as Eli Simon assumed management, breached fiduciary duties and removed contractual preference payments without required consent. The suit seeks reversal of the transaction, restoration of SFG’s prior governance and punitive damages; SFG holds shares of Simon Property worth over $1.53 billion. » Plus sur forbes.com

Shares of Simon Property Group rose to a record high of $231.6 and delivered a total return of 44% over the past year, most recently up 27% over six months. The company is issuing €500 million of unsecured bonds due 2031 with a 3.650% coupon, issued outside the U.S. and guaranteed. Several analysts adjusted valuations: Deutsche Bank and Wolfe Research raised targets/expectations but downgraded the stock (Buy→Hold and to peer perform, respectively), while Argus raised its target and kept a Buy rating. » Plus sur de.investing.com