Simon Property Group Q4 Profit Rises on Stronger Leasing Activity

Simon Property Group Inc. (SPG) reported higher fourth-quarter 2025 net income, driven by improved leasing performance and increased occupancy across its U.S. portfolio. The results exceeded analyst expectations, reflecting resilience in premium retail real estate despite broader consumer spending shifts. Net income rose to $378.6 million, or $1.03 per share, from $329.1 million, or $0.89 per share, a year earlier. Funds from operations (FFO)—a key REIT metric—came in at $2.48 per share, surpassing the consensus estimate of $2.39. The company reported occupancy of 95.2%, up 120 basis points year-over-year. Simon also affirmed its 2026 FFO guidance range of $9.30 to $9.50 per share.