Simon Property Q4 net income surges on Taubman realty gain

Simon Property

02/02/2026 21:14

Overview

Real estate investment trust's Q4 net income rose significantly due to Taubman acquisition gain

Real Estate FFO for Q4 increased 4.2% yr/yr

Company announced a 4.8% increase in quarterly dividend for Q1 2026

Outlook

Simon estimates 2026 net income per diluted share between $6.87 and $7.12

Simon expects 2026 Real Estate FFO per diluted share between $13.00 and $13.25

Result Drivers

TAUBMAN ACQUISITION - Net income surged due to a non-cash gain from acquiring the remaining interest in Taubman Realty Group

NOI INCREASE - Domestic property NOI rose 4.8% and portfolio NOI increased 5.1% compared to the prior year period

LEASING AND PROJECTS - Executed over 17 million sq ft of leases and completed 23 significant redevelopment projects

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$1.79 bln
Q4 EPS
$9.35
Q4 Net Income
$3.54 bln
Q4 Dividend
$1.05


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 13 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Simon Property Group Inc is $198.00, about 3.5% above its January 30 closing price of $191.31

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nPn5w2kMMa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)