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AI brief of an SEC Form 8-K · Simon Property (SPG)

Simon raises 2026 Real Estate FFO guidance; Q1 Real Estate FFO up 7.5%

Positive Impact 4 of 5 guidance Written later

Simon reported first-quarter 2026 net income attributable to common stockholders of $479.6 million, or $1.48 per diluted share, up from $413.7 million, or $1.27, a year earlier. The company raised its full-year 2026 Real Estate FFO per diluted share guidance to $13.10 to $13.25 and increased its quarterly common dividend to $2.25, which is $0.15 higher than the prior year.

Key points

  • Q1 2026 Real Estate FFO was $1.208 billion, or $3.17 per diluted share, up 7.5% from $2.95 a year earlier
  • 2026 Real Estate FFO per diluted share guidance is $13.10 to $13.25, up from $13.00 to $13.25 provided on February 2, 2026
  • Quarterly common dividend of $2.25 is payable June 30, 2026 to holders of record on June 9, 2026
  • During Q1 2026 the company repurchased 965,296 shares of common stock for approximately $175 million

The filing

CompanySimon Property (SPG)
Form8-K, current report
Filed with the SECMay 11, 2026, 4:07 PM ET
Accession number0001104659-26-058646

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 11, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.