Business
Simon® Reports First Quarter 2026 Results, Increases Full Year 2026 Real Estate FFO Per Share Guidance and Raises Quarterly Dividend
Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today reported results for the quarter ended March 31, 2026.
About this update from Simon Property Group, Inc.
[{"type":"text","content":"INDIANAPOLIS, May 11, 2026 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today reported results for the quarter ended March 31, 2026.","length":238,"tagName":"p"},{"type":"image","alt":"Simon (PRNewsfoto/Simon)","displaySize":"","headline":null,"caption":"Simon (PRNewsfoto/Simon)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":231,"url":"https://media.zenfs.com/en/prnewswire.com/b4ce8a79de68a4a2cafe38768e84baf2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/qC9SHrFaQoSQwF1b_X1w9w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQwNw--/https://media.zenfs.com/en/prnewswire.com/b4ce8a79de68a4a2cafe38768e84baf2","width":400,"height":231},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/EptniR7O6.roxkWA_CuGXA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTM3MA--/https://media.zenfs.com/en/prnewswire.com/b4ce8a79de68a4a2cafe38768e84baf2","width":400,"height":231}},"href":"https://mma.prnewswire.com/media/178536/simon_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""We are very pleased with our first-quarter results," said Eli Simon, Chief Executive Officer, President and Chief Operating Officer. "Our portfolio delivered strong operating performance, supported by continued leasing momentum, retailer sales and traffic increases, disciplined capital allocation, and growth in cash flow. Today, we increased our full-year 2026 Real Estate FFO per share guidance and raised our quarterly dividend."","length":454,"tagName":"p"},{"type":"text","content":"Results for the Quarter","length":23,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net income attributable to common stockholders was $479.6 million, or $1.48 per diluted share, as compared to $413.7 million, or $1.27 per diluted share in 2025.","length":161,"tagName":"p"}]},{"val":[{"type":"text","content":"Real Estate Funds From Operations ("Real Estate FFO") was $1.208 billion, or $3.17 per diluted share as compared to $1.113 billion, or $2.95 per diluted share in the prior year, an increase of 7.5%.","length":208,"tagName":"p"}]},{"val":[{"type":"text","content":"Funds From Operations ("FFO") was $1.108 billion, or $2.91 per diluted share as compared to $1.005 billion, ...