Short answer
Simon Property Group (SPG) filed its Q1 2026 10-Q quarterly report on May 11, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $1.8B (up 19.3% year over year) with net income of $480M.
Q1 2026 key financials · XBRL
- Revenue
- $1.8B
- +19.3% YoY
- Net income
- $480M
- +15.9% YoY
- Operating margin
- 43.4%
- EPS (diluted)
- $1.48
- +16.5% YoY
Source: XBRL data from the Simon Property Group (SPG) Q1 2026 10-Q on SEC EDGAR. USD.
Simon Property Group Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue: lease income up $261.1M YoY; diluted EPS $1.48 vs $1.27
- Portfolio NOI up 6.7% YoY; occupancy 96.0% vs 95.9%, rent $61.99 vs $58.92 per square foot
- Best segment: The Mills occupancy 99.2% vs 98.4%, rent $41.90 vs $38.41 per square foot
- Cash $543.0M, down $280.2M; operating cash flow and unconsolidated distributions $942.3M
- Capital deployment: $208.4M capital expenditures and $175.3M common-stock repurchases
- Outlook: positive operating cash flow expected in 2026; financial-market disruption could constrain capital access
Risk Factors
- New $2.0 billion share-repurchase authorization through February 29, 2028, replacing the prior plan ending February 15, 2026
- Liquidity risk: $5.0 billion credit agreement amended March 5, 2026
- Debt-financing risk: $3.5 billion credit agreement amended March 5, 2026
- Capital-allocation risk: 977,055 shares repurchased at average $181.85 during the quarter
- Compliance risk: Audit Committee approval of Ernst & Young tax services under Section 10A(i)(2) of the Exchange Act
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Simon Property Group quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.