Simon Property Group has appointed Eli Simon as Chief Operating Officer, effective August 6, 2025. Eli Simon, who has been with the company since 2019 and previously served as Executive Vice President – Chief Investment Officer, will collaborate with David Simon on various aspects of the company’s operations, including property performance and strategic investments. He will receive an annual salary of $800,000. Additionally, Jonathan Murphy and Eric Sadi have been named Co-Presidents of North American Real Estate, overseeing the company's mall and outlet properties.
These leadership changes are expected to enhance the management team's effectiveness as Simon Property Group continues to focus on its growth and innovation strategies. The company operates as a real estate investment trust, owning premier shopping, dining, and entertainment destinations worldwide. The appointments reflect the company’s commitment to maintaining strong leadership as it navigates the competitive retail landscape and responds to market conditions.
linkAug 07, 2025 08:11:39
Simon Property Group reported a net income of $556.1 million for the second quarter of 2025, translating to $1.70 per diluted share, an increase from $493.5 million or $1.51 per diluted share in the same period last year. The company's Real Estate Funds From Operations (FFO) rose to $1.154 billion, or $3.05 per diluted share, marking a 4.1% increase compared to the previous year. Additionally, domestic property Net Operating Income (NOI) increased by 4.2%, contributing to a healthy occupancy rate of 96.0% as of June 30, 2025.
The Board of Directors declared a quarterly dividend of $2.15 per share, a 4.9% increase year-over-year, payable on September 30, 2025. Simon Property Group also raised its full-year Real Estate FFO guidance to a range of $12.45 to $12.65 per diluted share. The company maintains a robust liquidity position with approximately $9.2 billion available, including $1.8 billion in cash and $7.4 billion in revolving credit capacity. This financial stability supports Simon's strategic investments and ongoing operations in the retail real estate sector.
linkAug 04, 2025 16:08:05
Simon Property Group, Inc. has announced its financial results for the first quarter of 2025, showing total revenue and operating income figures for the period. The company reported a net income attributable to common stockholders and provided details on its earnings per share. Additionally, the company reaffirmed its full-year guidance for Real Estate Funds From Operations (FFO) per share, indicating a range for investors to consider.
As of March 31, 2025, Simon Property Group's total assets and liabilities were disclosed, alongside equity information. The report included insights into the company's capital markets activities, liquidity position, and dividend information, which are crucial for investors assessing the company's financial health and stability.
linkMay 12, 2025 16:07:41
Simon Property Group announced the retirement of Allan B. Hubbard, an Independent Director since 2009, effective May 14, 2025. Mr. Hubbard played a significant role in the company's growth and served on key committees, contributing to corporate governance and strategic direction. His departure is noted as a loss to the Board, with leadership expressing gratitude for his years of service and confidence in the company's future.
The announcement emphasizes Mr. Hubbard's legacy and the positive impact he had during his tenure. The company highlighted its ongoing commitment to its mission as a real estate investment trust, providing shopping, dining, and entertainment destinations across multiple regions. There were no negative financial metrics or performance indicators mentioned in the release.
linkMar 20, 2025 16:14:42
Herbert Simon, the Chairman Emeritus of Simon Property Group, has retired effective February 4, 2025. He reflected on the company's journey over the past 65 years and expressed confidence in its future under CEO David Simon's leadership, who has been at the helm since 1994. The company is recognized as one of the most respected in the industry and operates as an S&P 100 company, emphasizing its significant market presence.
While the announcement marks a significant leadership change, it also highlights the company's reliance on its co-founders' experience and knowledge. David Simon acknowledged the contributions of Herbert Simon to the company and the team, which consists of over 3,600 employees. The transition may raise questions about future leadership dynamics and the strategic direction of the company moving forward.
linkFeb 06, 2025 16:15:19
Simon Property Group reported a net income of $282.9 million for 2024, translating to $0.75 per diluted share, primarily driven by gains from investment activities. The company demonstrated solid revenue performance, reflecting its strong presence in the U.S. malls and premium outlets sector, which contributed to overall financial stability during the year.
However, the release also highlighted challenges, including increased operating expenses that could impact future profitability. Additionally, the company faced losses related to asset disposals and revaluations, indicating potential volatility in its investment portfolio. These factors suggest that while the company performed well financially, it must navigate certain risks moving forward.
linkFeb 04, 2025 16:11:14
Simon Property Group announced its third-quarter results for 2024, highlighting an increase in total revenue compared to the same period last year. The company also raised its quarterly dividend, signaling confidence in its financial stability and ongoing operations. This growth reflects positive operational performance and management's commitment to returning value to shareholders.
On the downside, the report does not mention any significant improvements in net income attributable to common stockholders, which may raise concerns among investors. Additionally, the overall economic environment and competition in the retail sector could pose challenges for the company moving forward, potentially impacting future performance.
linkNov 01, 2024 08:02:28
Simon Property Group has successfully amended and extended its $3.5 billion revolving credit facility, which reflects the company's strong financial position. This move enhances their financial flexibility, bringing their total revolving credit capacity to $8.5 billion when combined with an existing facility, demonstrating the confidence lenders have in the company.
The credit facility, supported by a diverse group of 28 banks, will mature on January 31, 2029, with an option for a one-year extension. The interest rates remain stable, indicating solid credit ratings for the company. Overall, this development positions Simon Property Group favorably in the real estate market and underscores its ongoing operational strength.
linkSep 19, 2024 16:28:18
Simon Property Group reported strong second quarter results, highlighting a net income increase due to investment gains. The company also raised its full-year guidance for 2024 and announced a quarterly dividend increase, signaling confidence in its financial performance. Overall, these developments reflect a positive outlook for the company.
linkAug 05, 2024 16:07:52
Simon Property Group announces positive first quarter 2024 results, increases full-year guidance, and raises quarterly dividend. The company's U.S. malls and premium outlets show strong operational statistics. The earnings release includes balance sheet liquidity, dividends, and guidance for the year ending December 31, 2024.
linkMay 06, 2024 16:09:56