Simon Property Group Raises 2026 Real Estate FFO Guidance Following Strong Q3 Results
Simon Property Group (SPG) reported strong third-quarter financial and operational performance, highlighted by a 6.6% increase in domestic property Net Operating Income (NOI). The company also saw its real estate Funds From Operations (FFO) per share grow by 4.7% compared to the previous year. Driven by these results, management has raised its 2026 real estate FFO guidance to a range of $13.30-$13.40 per share. Additionally, the company expects to close the University Village transaction by the end of the fourth quarter.
Tickers: $SPG
Topics: earnings report FFO per share NOI growth real estate