Quarterly ResultMay 11, 2026, 04:15 PM
Simon Property Q1 EPS $1.48, Net Income $479.6M; Revenue $1.76B
AI Summary
Simon Property Group reported strong first-quarter 2026 results with significant increases in net income, EPS, and total revenue. Net income attributable to common stockholders rose to $479.6 million, leading to a basic and diluted EPS of $1.48. The company also generated $833.4 million in net cash from operating activities and recorded a $64.3 million gain from the acquisition of controlling interests and asset disposals.
Key Highlights
- Net income attributable to common stockholders increased to $479.6 million from $413.7 million year-over-year.
- Basic and diluted earnings per common share rose to $1.48 from $1.27 compared to the prior year period.
- Total revenue grew to $1.76 billion for the quarter, up from $1.47 billion in the same period last year.
- Net cash provided by operating activities was $833.4 million, an increase from $827.2 million year-over-year.
- The company reported a gain of $64.3 million on acquisition of controlling interest, sale or disposal of assets.
- Simon Property Group purchased $175.3 million in treasury stock during the quarter.
- Distributions to common stockholders and limited partners totaled $838.6 million.
- Cash and cash equivalents stood at $543.0 million as of March 31, 2026, down from $823.1 million at year-end 2025.