Simon® Reports First Quarter 2026 Results, Increases Full Year 2026 Real Estate FFO Per Share Guidance and Raises Quarterly Dividend

May 11, 2026 - 19:29

Simon, a real estate investment trust that owns premier shopping, dining, entertainment and mixed-use destinations, reported its financial results for the first quarter of 2026 today. The company also increased its full year 2026 guidance for real estate funds from operations, or FFO, per share, and announced a higher quarterly dividend for shareholders.

The first quarter results exceeded internal expectations, driven by strong leasing demand and solid operational performance across its portfolio of high-quality properties. Simon's management noted that foot traffic and tenant sales remained healthy, reflecting the continued strength of the best-in-class retail and entertainment venues in its collection.

As a result of the positive start to the year, the company now expects full year 2026 real estate FFO per share to be higher than previously forecast. This upward revision signals confidence in the underlying business trends for the remainder of the year.

the board of trustees approved an increase in the quarterly common stock dividend. The new dividend, which will be paid to shareholders of record as of a date to be determined, represents the latest in a long history of returning capital to investors. Simon has consistently paid and grown its dividend over many years, underscoring its commitment to shareholder returns.

The company's focus on owning and operating the most productive retail and mixed-use properties in the United States and select international markets continues to differentiate it in the real estate sector. With a strong balance sheet and a portfolio of irreplaceable assets, Simon is well-positioned to navigate the current environment and capitalize on growth opportunities. The full earnings release provides a detailed breakdown of financial results and operational metrics for the quarter.