Simon Property Group

SPG

Market cap $60.8B

Extra surprises await at Simon® this year, including hundreds of new stores, memorable family experiences and the launch of Simon+™ INDIANAPOLIS , Nov. 24, 2025 /PRNewswire/ -- The holidays are here—and Simon's 220+ Simon Malls® and Simon Premium Outlets® across the country are ready to help shoppers make it their most joyful one yet. Shoppers will discover hundreds of new stores, restaurants and entertainment destinations, plus unforgettable experiences with family and friends and the debut of Simon+™, a new loyalty program that rewards members throughout the holidays and beyond.

SPG expands in Charlotte with its acquisition of Phillips Place, aiming to elevate the open-air retail center through new offerings and continued investment.

INDIANAPOLIS , Nov. 18, 2025 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced that it has acquired Phillips Place™ in the heart of the SouthPark neighborhood of Charlotte, North Carolina.  An open-air retail center spanning 134,000 square feet recognized for its specialty retail and dining, Phillips Place is part of an iconic mixed-used destination that is home to more than 25 retail shops and restaurants, including alice+ olivia, Peter Millar, rag & bone, Ralph Lauren, Veronica Beard, RH Gallery with a Rooftop Restaurant, and The Palm, as well as a 180+ room hotel, which Simon also owns, and a multi-family residential component.

A new model for modern, growing brands to launch stores with unparalleled speed to market and data driven operations NEW YORK , Nov. 17, 2025 /PRNewswire/ -- Leap, the leading platform for modern physical retail, today announced the opening of Bombas' third-ever retail store in Austin, following successful openings in South Florida and New York City last month. This expansion leverages Leap's retail platform that integrates with Shopify and utilizes Simon ® premium retail locations, enabling Bombas to establish physical retail spaces in key markets while minimizing traditional barriers that have long stood between brands and premium physical retail.

Simon Property rolls out Simon+, a loyalty program that offers cash back and curated rewards for purchases across in-store and online.

New omnichannel loyalty program from Simon ® meets the needs of today's modern shopper while unlocking powerful engagement opportunities for retailers INDIANAPOLIS , Nov. 12, 2025 /PRNewswire/ -- Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced the launch of Simon+™, a new loyalty program that rewards members with cash back, points and perks for shopping nationwide at Simon Malls ® and Premium Outlets® and online at ShopSimon.com™ or the ShopSimon app. Simon+ is designed for today's omnichannel shopper, delivering rewards whether they shop in a Simon center, online at Simon's digital marketplace, ShopSimon.com, or through links to participating retailer websites.

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Strong yields and stable financials make Simon Property Group a top dividend stock for income-focused investors as shares near a buy zone.

Simon Property Group offers strong asset coverage and profitability, with a market-adjusted asset yield of 4.18% and a BBB+ credit rating. SPG.PR.J preferred stock currently yields 7.82%, but is not recommended for purchase unless the price falls to $53, boosting yield to call above 5.5%. SPG's OTC bonds yield between 3.5% and 5.5% and are rated A3 by Moody's, but the preferred stock offers a higher yield for a slight credit downgrade.

SPG's Q3 FFO tops estimates as rising rents, occupancy gains and a key acquisition fuel stronger guidance.