Simon Property Group

The operating subsidiary of Simon Property Group is issuing $800 million of senior notes in two tranches: $400 million at 5.250% (maturity 2032) and $400 million at 5.650% (maturity 2036). The weighted average maturity is 7.7 years and the weighted average coupon is 5.450%. Closing is expected on September 16, 2026; net proceeds are to be used to (partially) repay an outstanding $750 million note (3.250%, 2026) and for general corporate purposes, including repayment of unsecured indebtedness. J.P. Morgan, Mizuho, PNC Capital Markets and Wells Fargo Securities are acting as joint book-running managers; the transaction is being conducted under the shelf prospectus filed with the SEC. » Więcej na de.investing.com

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. » Więcej na 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. » Więcej na forbes.com