Simon Property Group, Inc.
SPG · NYSE
Company research
Simon Property Group, Inc. (NYSE: SPG) is the largest publicly traded retail real estate investment trust (REIT) in the United States and a member of the S&P 100, headquartered in Indianapolis, Indiana. Founded in 1960 and self-administered, the company owns, develops, and manages a premier portfolio of approximately 229 properties encompassing roughly 183 million square feet of gross leasable area across North America, Europe, and Asia, including flagship regional malls, Premium Outlets, The Mills destinations, and mixed-use developments. Under the leadership of CEO Eli Simon, the company generates more than $5 billion in annual revenue primarily through long-term tenant leasing arrangements with leading retailers, restaurants, and experiential brands, targeting affluent consumers in high-barrier-to-entry markets. With a market capitalization of approximately $72 billion, Simon Property Group remains the dominant force in retail real estate, continuously adapting its portfolio through strategic redevelopments, acquisitions, and joint ventures to meet evolving consumer and retail trends.
Research reports
Neuberger Berman · June 30, 2026Neuberger Real Estate Fund 2Q 2026 Manager Commentary
Quarterly manager commentary for Neuberger’s Real Estate Fund highlights SPG as a core regional malls holding and a positive contributor, citing strong consumer demand and retail sales, robust tenant demand for high‑quality mall and outlet space, and the absence of new mall supply as key supports while acknowledging that consumer resilience may be tested.
Ultra Stock Analysis Pro · May 16, 2026Simon Property Group, Inc. (SPG) – Analyst ReportAn AI-generated equity research report assigns SPG a hold rating with roughly 6% upside to the consensus target, combining backtested technical signals with fundamentals that include double‑digit revenue and earnings growth, high margins, and very high institutional ownership, but flagging premium valuation, modest win rates and above‑average beta as key risk factors while recommending patience until stronger technical confluence emerges.
CAPTRUST (for State Of Delaware Plans) · December 31, 2025Real Estate Investment Review – 12.31.2025This institutional review of REIT strategies for the State of Delaware’s plans discusses SPG as a significant regional malls exposure used alongside peers to balance improving fundamentals and attractive relative valuations with consumer‑demand risks, noting SPG as the largest holding in one recommended fund and highlighting constrained mall supply and selective sector positioning as part of the constructive thesis.
Ameriprise Investment Research Group · December 17, 2025Annual Equity Market OutlookAmeriprise’s year‑end equity outlook includes SPG on its recommended list of real estate names, framing REITs such as SPG as beneficiaries of expected Fed easing, stabilizing long‑term rates, and attractive starting valuations and dividend yields, and positioning SPG as a quality income and total‑return vehicle in 2026 despite macro and policy‑driven volatility.