Welcome to our dedicated page for Simon Prop Grp news (Ticker: SPG), a resource for investors and traders seeking the latest updates and insights on Simon Prop Grp stock.
Simon Property Group, Inc. (SPG) is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations. As an S&P 100 company with properties across North America, Europe and Asia, Simon regularly issues news on its financial performance, portfolio activity and customer-focused initiatives.
On this page, readers can follow SPG news related to quarterly earnings releases, dividend declarations and operating metrics such as occupancy and retailer sales at its U.S. malls and premium outlets. Simon frequently furnishes earnings press releases and supplemental financial information through Form 8-K filings, which are often accompanied by conference calls and webcasts for investors.
Company announcements also cover capital markets activity, including senior notes offerings by its majority-owned operating partnership, debt refinancing transactions and updates on liquidity and balance sheet management. These items provide insight into how Simon finances its portfolio of shopping, dining, entertainment and mixed-use properties.
In addition, Simon’s news highlights acquisitions, developments and partnerships that shape its portfolio and enhance the experience at its centers. Recent examples include the acquisition of Phillips Place, a mixed-use destination with specialty retail, dining, hotel and residential components, and the planned Sagefield luxury lifestyle development in Tennessee. Simon has also announced collaborations with Electrify America to expand hyper-fast EV charging at its properties and with Autolane to deploy curbside operating systems that support autonomous vehicles at selected centers.
News releases further describe customer-facing initiatives such as the Simon+ loyalty program and the ShopSimon digital marketplace, which connect retailers and shoppers across in-person and online channels. Investors, analysts and shoppers can use this SPG news feed to monitor ongoing developments in Simon’s portfolio, financial reporting and strategic initiatives.
Simon (NYSE:SPG), a premier retail REIT, has announced significant executive leadership changes. Eli Simon has been promoted to Chief Operating Officer from his previous role as Executive VP and Chief Investment Officer. He will work directly with CEO David Simon on property performance, development projects, strategic investments, and brand strategy.
Additionally, Jonathan Murphy and Eric Sadi have been appointed as Co-Presidents of North American Real Estate, overseeing Simon's mall, mills, and premium outlets platforms. Both executives, who joined the company in 2010 and 2006 respectively, will be responsible for asset management and leasing strategies across the North American portfolio.
Simon (NYSE:SPG), a premier retail REIT, reported strong Q2 2025 results with notable improvements across key metrics. Net income reached $556.1 million ($1.70 per share), up from $493.5 million in 2024. Real Estate FFO increased to $3.05 per diluted share, a 4.1% improvement year-over-year.
The company demonstrated robust operational performance with domestic property NOI growing 4.2% and portfolio NOI up 4.7%. Occupancy improved to 96.0%, while base minimum rent increased to $58.70 per square foot. Following these results, Simon raised its quarterly dividend by 4.9% to $2.15 and increased its 2025 Real Estate FFO guidance to $12.45-$12.65 per diluted share.
Notable developments include the acquisition of Brickell City Centre's retail and parking facilities in Miami, making Simon the sole owner. The company maintains strong liquidity of $9.2 billion, including $1.8 billion in cash.
Simon (NYSE:SPG), a premier retail REIT, has scheduled its second quarter 2025 earnings release and conference call. The company will release its Q2 2025 financial results on August 4, 2025 after market close.
The earnings conference call and audio webcast will take place on August 4, 2025, from 5:00 PM to 6:00 PM EDT. Investors can access the live webcast at investors.simon.com or join via phone using specific dial-in numbers for U.S. and international participants. An audio replay will be available from August 4 until August 11, 2025, and the webcast will be archived on the company's website for approximately 90 days.
Simon (NYSE:SPG) has announced the acquisition of Swire Properties' interest in the retail and parking components of Brickell City Centre in Miami. The premier open-air shopping center spans 500,000 square feet within a larger 5-million-square-foot mixed-use development.
The center features over 90 retail stores and 15+ dining and entertainment venues, anchored by Saks Fifth Avenue. Previously holding a 25% non-managing interest, Simon will now fully own and manage the property, which is distinguished by its innovative Climate Ribbon™ canopy system.
Simon (SPG), a premier retail REIT, has scheduled its first quarter 2025 earnings release and conference call for May 12, 2025. The financial results for Q1 2025 (ending March 31) will be released after market close, followed by a conference call and audio webcast from 5:00 PM to 6:00 PM EDT.
The live webcast will be available at investors.simon.com. Participants can join via phone using the following numbers:
- U.S. participants: 1-877-423-9813
- International participants: 1-201-689-8573
Simon Media & Experiences has partnered with Adentro, a guest marketing solution provider, to enhance retail brands' connection with Simon mall shoppers. The collaboration leverages Adentro's technology to utilize first-party anonymized data from on-site Wi-Fi engagement across Simon properties.
The partnership aims to create a unified shopping experience by integrating digital and physical channels, with US connected commerce spending projected to exceed $112 billion in 2025. Adentro's platform will enable retail brands to curate and optimize high-intent shopping audiences for targeted display, social media, and CTV campaigns.
The technology utilizes secure OpenRoaming™ profiles on consumers' mobile devices, provided by the Wireless Broadband Alliance (WBA). This collaboration expands Adentro's network of industry partnerships, which includes Experian, LiveRamp, Adobe, and Cisco.
Simon (NYSE: SPG) has announced the opening of Jakarta Premium Outlets® in Indonesia, marking its first Premium Outlet® in the country and eighth globally. The center spans over 302,000 square feet of retail space and is nearly fully leased with more than 150 global and local brands.
Located in Tangerang, outside Jakarta, the outlet features premium brands including Bally, BOSS, Coach, Versace, and houses Southeast Asia's largest adidas outlet store. The center is strategically positioned at the intersection of two major highways, providing 30-minute access to Central Jakarta's 12 million residents and Soekarno-Hatta International Airport.
The development is operated through a joint venture between Genting Plantations Berhad and Simon, with operations managed by PT Nusantara Management Indonesia and PT Pembangunan Property Nusantara. The design incorporates Indonesian architectural elements with lush greenery and shaded walkways.
Simon Property Group (SPG) announced that Independent Director Allan B. Hubbard will retire effective May 14, 2025, and will not seek re-election to the Board of Directors at the upcoming Annual Meeting. Hubbard, who joined the Board in 2009, served on key committees including the Compensation and Human Capital Committee and the Governance and Nominating Committee.
During his 16-year tenure, Hubbard contributed to Simon's growth through his leadership roles in corporate governance, oversight, and strategic direction. David Simon, Chairman, CEO and President, expressed gratitude for Hubbard's distinguished service and leadership on the Board.
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