Key Takeaways SPG's U.S. Malls and Premium Outlets portfolio reached 95.9% occupancy, up from 95.5% last year. The company added 809 new and renewal leases in Q1 2025, totaling 3.1M sq. ft. across its retail portfolio. SPG holds $10.1B in liquidity and strong credit ratings, supporting acquisitions and redevelopment.Simon Property Group (SPG) owns a high-quality portfolio of premium retail assets across the United States and abroad. Backed by healthy demand in the retail real estate sector, SPG stands to ...

Core Insights - Simon Property (SPG) reported $1.47 billion in revenue for Q1 2025, a year-over-year increase of 2.1% [1] - The EPS for the same period was $2.95, compared to $2.25 a year ago, indicating a positive growth trend [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $1.48 billion, resulting in a revenue surprise of -0.67% [1] - The EPS exceeded the consensus estimate of $2.91, leading to an EPS surprise of +1.37% [1] Financial Metrics - Occupancy rate for U.S. Malls and Premium Outlets was 95.9%, slightly below the three-analyst average estimate of 96.5% [4] - Revenue from management fees and other revenues was $33.79 million, surpassing the estimated $31.10 million, reflecting a year-over-year increase of +14.7% [4] - Lease income revenue was $1.37 billion, slightly above the estimated $1.35 billion, showing a +5% change compared to the previous year [4] - Other income revenue was $71.79 million, significantly below the estimated $98.36 million, representing a decline of -35% year-over-year [4] - Net Earnings Per Share (Diluted) was $1.27, lower than the average estimate of $1.46 [4] Stock Performance - Simon Property shares have returned +10.1% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]