5 stories mentioning SPGUpdated 8d ago
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Simon Property Group (SPG) has an average rating of overweight and mean price target of $215.37, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $209.84, Change: $+4.75, Percent Change: +2.32%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by $12 to $220, valuing SPG shares at 16.8x our 2026 FFO estimate, a premium to the one-year average forward multiple of 14.3x due to an improving outlook for anchor tenants and strong re-leasing spreads. We increase our 2026 FFO estimate by $0.02 to $13.10 and increase 2027 by $0.27 to $13.67. SPG has gained momentum in recent quarters with improving re-leasing spreads and a redevelopment portfolio now expected to fuel higher NOI growth in future years. We believe SPG is likely to maintain 5%-7% comparable sales growth throughout 2026 with new leases in the 22%-27% range for the year (outperforming our prior expectations). Luxury stores continue to see the strongest growth in sales per square foot, while management noted that food and beverage sales were flat Y/Y despite strong foot traffic. Interest rate headwinds are expected as a $0.05 drag on FFO due to the prior outlook incorporating additional rate cuts vs. the current consensus for the year.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:SPG reported Q1 2026 revenue of $1.76B, up 19.3% Y/Y from $1.47B, with leasing income of $1.63B rising 19.1% Y/Y and beating consensus by $121M. The strong beat indicates 2026 will likely sustain leasing momentum as Q1 is typically a weaker quarter seasonally, in our view. Domestic property NOI increased 6.7% Y/Y while portfolio NOI was up 6.7% Y/Y in Q1, demonstrating broad-based operational strength across the portfolio. Retailer sales per square foot reached $819 in the trailing 12 months ended Q1 2026, up 11.8% Y/Y from $733 in the prior-year period, reflecting improved tenant productivity. Base minimum rent per square foot reached $61.99, representing 5.2% growth from $58.92 at March 31, 2025. The combination of strong leasing performance and improving retailer productivity metrics supports continued rental growth momentum throughout 2026. We believe the sustained improvement in both occupancy metrics and retailer sales productivity positions SPG well for continued outperformance.
Simon Property Group (SPG) has an average rating of overweight and mean price target of $207.68, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $199.77, Change: $-0.74, Percent Change: -0.37%
Simon Property Group (SPG) has an average rating of overweight and mean price target of $207.68, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $199.52, Change: $-0.98, Percent Change: -0.49%
