Form 10-Q · Quarterly report
Simon Property Group 10-Q, filed Nov 6, 2026
- Filed
- CIK
- 0001063761
- Accession no.
- 0001104659-26-123591
Summary
Simon Property Group reported diluted earnings per share and unit of $4.51 for the first nine months of 2026, down $0.32 from a year earlier, while portfolio net operating income rose 7.2% on improved domestic and international operations and acquisition activity. The company also completed a series of financing moves, including new senior unsecured note issuances in dollars and euros, a $460 million unsecured term loan, and settlement of most of its exchangeable bonds tied to Klépierre shares.
Key points
- Diluted earnings per share and unit fell $0.32 to $4.51 for the first nine months of 2026 from $4.83 a year earlier.
- Portfolio net operating income rose 7.2% year over year, average base minimum rent for U.S. Malls and Premium Outlets rose 6.1% to $62.75 per square foot, and ending occupancy was 96.5%.
- As of September 30, 2026, Simon owned or held interests in 212 U.S. income-producing properties and 42 properties abroad, plus a 20.7% equity stake in Klépierre SA.
- On September 16, 2026, the Operating Partnership issued $400 million of 5.25% senior unsecured notes due 2032 and $400 million of 5.65% senior unsecured notes due 2036.
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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