Simon Property Group Q3 2026 Earnings Call Transcript

Nov 5, 2026, 6:10 PM ETResultsRead the original at Benzinga

Good for SPG

Simon reported higher property income and per-share funds from operations, stronger leasing rents and shopper sales, and a higher full-year forecast. Its $1.2 billion development plan requires major spending, but the stated 9% expected return and broad growth support a positive read.

SPG · Simon Property Group

AI read · Good for SPG

The AI's read

Higher rents on new leases and rising shopper sales suggest Simon’s centers are drawing strong business. The Seattle purchase still needs to close, and planned projects require $1.2 billion in spending. But the company expects those projects to earn a 9% return, and its quarter showed growth across several areas.

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