4Q 2025 SUPPLEMENTAL SIMON PROPERTY GROUP EARNINGS RELEASE & SUPPLEMENTAL INFORMATION UNAUDITED FOURTH QUARTER TABLE OF CONTENTS | EA | RN | IN | GS | RE | LE | AS | E | AN | D | SU | PP | LE | ME | NT | AL | IN | FO | RM | AT | IO | N | FO | QU | CE | 20 | 25 | GE | R | TH | E | AR | TE | R | EN | DE | D | DE | MB | ER | 31 | PA | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

Core Insights - Simon Property Group reported earnings per share of $1.86, missing the estimated $3.09, but generated revenue of approximately $1.6 billion, surpassing the estimated $1.4 billion [1][6] - The company raised its full-year 2025 Real Estate Funds From Operations (FFO) per share guidance and increased its quarterly dividend by 4.8% year-over-year to $2.20 per share, reflecting confidence in financial health [2][6] - The acquisition of the remaining 12% interest in The Taubman Realty Group was completed on October 31, 2025, expected to enhance Simon's portfolio and strengthen its market position [3][6] - Chairman and CEO David Simon highlighted healthy demand across all platforms, with occupancy gains, accelerated retailer sales, and increased cash flow contributing to strong quarterly results [4] - Financial metrics indicate a price-to-earnings (P/E) ratio of approximately 27.32 and a price-to-sales ratio of about 9.56, with a high debt-to-equity ratio of 10.57, suggesting significant reliance on debt financing [5]