Simon Reports Q3 2026 Results with Increased Real Estate FFO Guidance and Dividend Hike
Simon reported strong third-quarter 2026 financial results, characterized by a 4.7% year-over-year increase in Real Estate Funds From Operations (FFO) to $1.277 billion. Despite a decrease in net income due to non-cash mark-to-market adjustments related to Klépierre exchangeable bonds and equity security revaluations, the company saw significant operational growth. Key drivers included rising occupancy rates of 96.5% and a substantial 14.8% increase in reported retailer sales per square foot. Reflecting this momentum, Simon's Board of Directors raised the full-year 2026 Real Estate FFO per share guidance and increased the quarterly common stock dividend by 4.5% to $2.30 per share. The company also demonstrated active capital management through a $236.5 million common stock repurchase program and successfully completed several debt offerings totaling approximately $1.77 billion in senior notes and secured loans.
Tickers: $SPG
Topics: dividend increase earnings report FFO guidance raise real estate investment trust
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