# Simon Property Group Q2 financial performance

> Live situation record from CLSTR: https://clstr.news/situations/simon-property-group-q2-financial-performance
> Updated: 2026-08-19T14:46:57.000Z. Sources: 2. Developments: 2.

Simon Property Group, the largest owner of retail centers in the United States, reported strong second-quarter 2026 financial results. The company saw a 19.5 percent increase in revenue, totaling $1.79 billion, and a consolidated net income of $574.1 million.

Growth was driven by robust leasing activity, with over 1,200 leases signed totaling more than 4.8 million square feet. CEO Eli Simon highlighted a strong pipeline of potential tenants, noting the company is having “a ton of conversations with retailers.” A key part of the company’s strategy involves re-tenanting spaces, specifically aiming to convert $18 million in lost rent from former Saks Off 5th locations into approximately $44 million in future rental income.

Following these results, the company raised its annual Funds from Operations (FFO) guidance to a range between $13.20 and $13.30 per share. While some analysts raised their price objectives for the stock, others maintained more conservative ratings.

## Timeline

### 2026-08-19: Simon Property Group reports strong Q2 growth and raised guidance

Simon Property Group reported strong Q2 2026 results, with revenue up 19.5% and raised annual FFO guidance, driven by high retailer demand and active portfolio management.

2 sources. https://clstr.news/cluster/simon-property-group-reports-strong-q2-growth-and-raised-guidance

### 2026-08-10: Simon Property Group reports strong Q2 revenue and leasing growth

Simon Property Group reported a 19.5% increase in Q2 revenue to $1.79 billion, fueled by strong leasing activity and rising retail sales across its mall and outlet portfolio.

4 sources. https://clstr.news/cluster/institutional-investors-adjust-holdings-in-invesco-qqq-and-ups

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Cite as: Simon Property Group Q2 financial performance. CLSTR, https://clstr.news/situations/simon-property-group-q2-financial-performance