Simon Property Group Q4 Earnings Beat Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 02 2026
0mins
Should l Buy SPG?
Source: seekingalpha
- Financial Performance: Simon Property Group reported Q4 adjusted FFO of $3.27 per share, which, while down from $3.68 a year ago, met analyst expectations, indicating the company's resilience under challenging conditions.
- Revenue Growth: The company achieved Q4 revenue of $1.79 billion, surpassing Wall Street's forecast of $1.51 billion and increasing from $1.60 billion in Q3, reflecting strong performance in the retail market.
- Rising Operating Costs: Total operating expenses rose to $900.8 million, up from $788.7 million in the previous quarter and $746.5 million a year ago, primarily driven by increased property operating expenses, which impacted overall profit margins.
- Future Outlook: The company expects real estate FFO per share to range between $13.00 and $13.25 in 2026, slightly below the average analyst estimate, yet still demonstrating confidence in future performance.
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Analyst Views on SPG
Wall Street analysts forecast SPG stock price to rise
13 Analyst Rating
4 Buy
9 Hold
0 Sell
Moderate Buy
Current: 191.430
Low
181.00
Averages
193.69
High
225.00
Current: 191.430
Low
181.00
Averages
193.69
High
225.00
About SPG
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust. The Company owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. It owns approximately 250 plus global properties. Its properties include Apple Blossom Mall, Auburn Mall, Barton Creek Square, Battlefield Mall, Bay Park Square, Brea Mall, Briarwood Mall, Brickell City Centre, Broadway Square, Burlington Mall, Cape Cod Mall, Castleton Square, Cielo Vista Mall, Coconut Point, College Mall, Columbia Center, Copley Place, Coral Square, Cordova Mall, Dadeland Mall, Del Amo Fashion Center, Empire Mall, Firewheel Town Center, Greenwood Park Mall, Haywood Mall, King of Prussia, La Plaza, Lakeline Mall, Lenox Square, Mall of Georgia, Meadowood Mall, Menlo Park Mall, Miami International Mall, North East Mall, Ocean County Mall, Pheasant Lane Mall, and Phillips Place.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- New Dining Concepts: The new space will feature renowned restaurants such as Casa Tua Cucina and Estiatorio Milos, with the former offering Italian-inspired global cuisine and the latter known for its fresh seafood and Mediterranean ingredients, enhancing the dining experience for consumers.
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See More
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- Enhanced Market Competitiveness: This redevelopment will include luxury brands like Dolce & Gabbana, FENDI, and Tourneau, reinforcing Copley Place's position as a center for luxury and culinary excellence in Boston, likely attracting more high-end consumers.
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- Support Level Analysis: Woods indicates that the IGV has major support between $80 and $77, suggesting that a drop below this range would present a significant buying opportunity, reflecting ongoing market confidence in the ETF's long-term prospects.
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- Capital Flow Changes: Goldman Sachs equity strategist Ben Snider indicates that capital is rotating towards sectors perceived as insulated from AI disruption, marking a clear departure from last year's market strategies and reflecting diminished investor confidence in AI themes.
- Cyclical Industry Rally: Despite software stocks experiencing one of their worst weeks since the 2022 rate-hike panic, cyclical and consumer-linked industries have continued their recent rallies, indicating a growing preference for traditional sectors among investors.
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