Simon Property Group raised its 2026 Real Estate FFO guidance to $13.10-$13.25 per share and increased its quarterly dividend to $2.25 per share for the second quarter, up 7.1% year over year. The REIT signed more than 1,100 leases covering over 4.7 million square feet in the first quarter, with new lease rates 20-25% higher than a year ago, and U.S. mall and Premium Outlet occupancy reached 96%. Simon is investing $1.06 billion in redevelopment projects at 29 centers with a blended expected yield of 9%, and has another $1 billion of projects that could begin in 2026. However, online shopping competition, soft tourist-driven markets, and a $35.17 billion debt load with rising interest expenses remain headwinds.
Simon Property Group Incraised 2026 FFO guidance and increased dividend
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