Form 10-Q · Quarterly report
Simon Property Group 10-Q, filed Aug 10, 2026
- Filed
- CIK
- 0001063761
- Accession no.
- 0001104659-26-093360
Summary
Simon Property Group reported diluted earnings per share and per unit of $2.97 for the first six months of 2026, unchanged from the same period a year earlier, with portfolio net operating income up 7.5% and U.S. Malls and Premium Outlets occupancy at 96.0%. As of June 30, 2026 it owned or held interests in 212 U.S. income-producing properties and 42 international properties, and it acquired the remaining 12% of Taubman Realty Group on October 31, 2025.
Key points
- As of June 30, 2026, Simon owned or held an interest in 212 income-producing U.S. properties (107 malls, 68 Premium Outlets, 16 Mills, six lifestyle centers, 15 other retail properties) and 42 international properties.
- Portfolio net operating income increased 7.5% for the six months ended June 30, 2026 versus the prior-year period, driven by improved domestic and international operations and acquisition activity.
- Average base minimum rent for U.S. Malls and Premium Outlets rose 6.3% to $62.42 per square foot, and ending occupancy was 96.0% at June 30, 2026 and 2025.
- On October 31, 2025, Simon acquired the remaining 12% noncontrolling interest in The Taubman Realty Group, LLC that it did not already own.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview Simon Property Group, Inc. is an Indiana corporation that operates as a self-administered and self-managed real estate investment trust, or REIT, under the Internal Revenue Code of 1986, as amended, or the Internal Revenue Code. REITs will generally not be liable for U.S. federal corporate income taxes as long as they distribute not less than 100% of their REIT taxable income. Simon Property Group, L.P. is our majority-owned Indiana partnership subsidiary that owns directly or indirectly all of our real estate properties and other assets. Unless stated otherwise or the context otherwise requires, references to "Simon" mean Simon Property Group, Inc. …
An excerpt of the text as filed with the SEC, cut for length.
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