Simon Property Group

SPG

Market cap $60.4B

Simon Property Group is paying out a healthy 4.80% dividend yield that's 144% covered by the midpoint of its 2025 FFO guidance range. The REIT continued to expand its portfolio of Class A retail locations with the acquisition of Phillips Place in Charlotte, North Carolina, after acquiring the remaining 12% stake in Taubman. While the preferreds have underperformed on the back of elevated long-term Treasury yields, their current yield at 7.84% offers a healthy level of income.

INDIANAPOLIS, Jan. 9, 2026 /PRNewswire/ --  Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced details for its fourth quarter earnings release and conference call.  Simon's financial and operational results for the quarter ending December 31, 2025, will be released after the market close on February 2, 2026.

INDIANAPOLIS, Jan. 6, 2026 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has agreed to sell $800 million aggregate principal amount of its 4.300% Notes due 2031.

Rose's Income Garden (RIG) portfolio delivered a 12.97% value increase in 2025, matching the DOW and driven by dividend income with a 6.29% forward yield. Eight holdings, including AVGO, MSFT, V, MCD, LMT, XOM, SPG, and DFP, announced dividend raises ranging from 3.8% to 13.6%. Several core holdings like MSFT, XOM, and LMT are considered quality stocks to accumulate on dips, though many trade near or above historical valuation multiples.

REITs generate lots of stable income, the bulk of which they must pay out in dividends. Prologis should be the largest dividend payer in the REIT sector this year.

REITs (MSCI US REIT Index, RMZ) are positioned for multi-year outperformance, with accelerating AFFO growth, healthy balance sheets, and discounted valuations. Despite underperformance versus the S&P 500, REITs offer a credible path to 13-15% annualized total returns via multiple expansion and a 4% dividend yield. Wide NAV discounts create near-term catalysts, as managements deploy asset sales, cost controls, and strategic alternatives to close valuation gaps.

Top REITs like PLD, SPG, and CUZ offer steady dividends and growth potential as 2026 approaches.

SPG stands out as retail real estate rebounds, backed by premium assets, strong leasing momentum, strategic deals and rising dividends.

Simon Property (SPG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

REITs remain attractively valued, with many trading at near 10-year high dividend yields. AFFO yield plus AFFO growth is utilized as a scoring system in this article. ARE leads in value but faces risks from declining occupancy and potential AFFO contraction. Others in the top 5 include VICI, IRM, EQIX and PSA.