Simon Property Group posts mixed Q2 results, shares inch lower

Simon Property Group (NYSE: SPG) reported mixed second-quarter 2026 results, with earnings per share missing analyst estimates ($1.49 vs. $1.61) but revenue exceeding expectations at $1.79 billion. Despite the EPS miss, the company's Real Estate Funds From Operations (FFO) grew by 7.9% year-over-year, driven by strong leasing demand and retailer sales growth. Simon raised its full-year 2026 Real Estate FFO per share guidance and declared an increased quarterly common stock dividend of $2.25.