Simon® Announces New $2.0 Billion Common Stock Repurchase Program

Core Viewpoint - The company Simon has authorized a new common stock repurchase program allowing for the purchase of up to $2.0 billion of its common stock through February 29, 2028, replacing the previous program that had approximately $1.7 billion remaining available [1] Company Summary - Simon is a real estate investment trust (REIT) focused on owning premier shopping, dining, entertainment, and mixed-use destinations, and is part of the S&P 100 [3] - The company operates properties across North America, Europe, and Asia, serving as community gathering places and generating billions in annual sales [3] Stock Repurchase Program - The new stock repurchase program allows for purchases in the open market or through privately negotiated transactions, subject to market conditions and applicable laws [1] - The program does not obligate the company to repurchase any specific dollar amount or number of shares and can be suspended or discontinued at any time [1]